Cablevision Systems Corporation Reports Second Quarter 2007 Results

BETHPAGE, N.Y. – Cablevision Systems Corporation (NYSE:CVC) today reported financial results for the second quarter ended June 30, 2007.

Operating metrics for the second quarter 2007 include:
“¢ Cable Television net revenue growth of 13.0% compared to Q2 2006
“¢ Revenue Generating Unit (“RGU”) growth of 168,000 new digital video, high-speed data and voice units, and a loss of 348 basic video subscribers in the quarter
“¢ Average Monthly Revenue per Basic Video Customer (“RPS”) of $121.01 in the second quarter of 2007, an increase of $4.06 for the three month period

Cable Television second quarter 2007 net revenues increased 13.0% to $1,139.5 million, AOCF rose 4.2% to $440.9 million and operating income increased 7.6% to $218.3 million, each compared to the prior year period. The increases in net revenue, AOCF and operating income resulted principally from growth in digital video, high-speed data, and voice customers, which is reflected in the net addition of nearly 1.0 million Revenue Generating Units since the second quarter of 2006. Second quarter 2006 Cable Television results include a $26.5 million expense reduction. Excluding this item, second quarter AOCF and operating income would have increased 11.2% and 23.8%, respectively.

The second quarter 2007 results reflect:
“¢ Basic video customers essentially flat for the quarter and up 38,000 or 1.2% from June 2006
“¢ iO: Interactive Optimum digital video customers up 39,000 or 1.6% from March 2007 and 279,000 or 12.3% from June 2006
“¢ Optimum Online high-speed data customers up 50,000 or 2.4% from March 2007 and 277,000 or 14.6% from June 2006
“¢ Optimum Voice customers up 81,000 or 6.1% from March 2007 and 412,000 or 41.7% from June 2006
“¢ Revenue Generating Units up 168,000 or 1.8% from March 2007 and 999,000 or 12.1% from June 2006
“¢ Cable Television RPS of $121.01, up $4.06 or 3.5% from the first quarter of 2007 and $12.00 or 11.0% from the second quarter of 2006

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