NOTE 3.

DIVIDENDS

During the six months ended June 30, 2011, the Board of Directors of Cablevision declared the following cash dividends to stockholders of record on both its CNYG Class A common stock and CNYG Class B common stock:

Declaration Date	Dividend per Share		Record Date	Payment Date
February 15, 2011	$	0.125	February 28, 2011	March 21, 2011
May 4, 2011	$	0.15	May 16, 2011	June 6, 2011

Cablevision paid dividends aggregating $79,507 during the six months ended June 30, 2011, primarily from the proceeds of dividend payments to Cablevision from CSC Holdings. In addition, as of June 30, 2011, up to approximately $7,113 will be paid when, and if, restrictions lapse on restricted shares outstanding.

During the six months ended June 30, 2011, CSC Holdings made distributions to Cablevision aggregating $574,325. These distributions were funded from cash on hand, cash from operations and borrowings under its revolving credit facility. The proceeds were used to fund:

Cablevision's dividends paid;

Cablevision's interest payments on certain of its senior notes;

Cablevision's payments for the acquisition of treasury shares related to statutory minimum tax withholding obligations upon the vesting of certain restricted shares; and

the repurchase of CNYG Class A common stock under Cablevision's share repurchase program.