Cablevision digital video customers up 6.7% on March 2008

BETHPAGE, N.Y. — Cablevision Systems Corporation (NYSE:CVC) today reported financial results for the first quarter ended March 31, 2009.

Cable Television

Cable Television first quarter 2009 net revenues increased 4.8% to $1.272 billion, AOCF rose 6.9% to $500.0 million and operating income increased 13.0% to $292.4 million, each compared to the prior year period. The increases in net revenues, AOCF and operating income were principally driven by the growth in digital video, high-speed data, and voice customers as well as higher rates reflected in first quarter 2009 results.

The first quarter 2009 results reflect:

• Basic video customers down 6,300 or 0.2% from December 2008 and down 23,100 or 0.7% from March 2008
• iO: Interactive Optimum digital video customers up 9,400 or 0.3% from December 2008 and 177,500 or 6.7% from March 2008
• Optimum Online high-speed data customers up 29,800 or 1.2% from December 2008 and 141,700 or 6.0% from March 2008
• Optimum Voice customers up 51,400 or 2.7% from December 2008 and 244,500 or 14.5% from March 2008
• Revenue Generating Units up 84,200 or 0.8% from December 2008 and 540,600 or 5.5% from March 2008
• Cable Television RPS of $136.55, up $1.70 or 1.3% from the fourth quarter of 2008 and up $6.99 or 5.4% from the first quarter of 2008

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