EQUITY AND LONG-TERM INCENTIVE PLANS (Tables)

12 Months Ended

Dec. 31, 2011

Share-Based Compensation Expense (Income) for Continuing Operations

The following table presents the share-based compensation expense (income) for continuing operations recognized by the Company for the years ended December 31, 2011, 2010 and 2009:

	Years Ended December 31,
	2011			2010		2009

Stock options (including performance based options)	$	3,931		$	4,877	$	6,697
Stock appreciation rights		(341	)		1,855		2,677
Restricted shares		40,946			43,557		40,446
Share-based compensation	$	44,536		$	50,289	$	49,820

Activity for Stock Options

The following table summarizes activity relating to Company employees who held Cablevision stock options for the year ended December 31, 2011:

	Shares Under Option					Weighted Average		Weighted Average Remaining
	Time Vesting Options			Performance Vesting Options		Exercise Price Per Share(a)		Contractual Term (in years)		Aggregate Intrinsic Value(b)
Balance, December 31, 2010		6,163,042			403,200	$	11.10		4.18	$	149,373
Exercised		(354,347	)		-		9.79
Forfeited/Expired		(368,033	)		-		7.58

Balance, December 31, 2011		5,440,662			403,200	$	8.27		3.37	$	35,607

Options exercisable at December 31, 2011		4,207,263			403,200	$	8.14		3.26	$	28,060

Options expected to vest in the future		1,233,399			-	$	8.74		3.75	$	7,547

______________

(a)	Option exercise prices relating to activity occurring on and subsequent to the AMC Networks Distribution date were adjusted to 73.59% of their pre-AMC Networks Distribution exercise prices.

(b)

The aggregate intrinsic value is calculated as the difference between (i) the exercise price of the underlying award and (ii) the quoted price of CNYG Class A common stock on December 31, 2011 or December 31, 2010, as indicated, and December 31, 2011 in the case of the options expected to vest in the future.

Cablevision stock options held by AMC Networks and Madison Square Garden employees are not expensed by the Company, however such stock options do have a dilutive effect on net income per share attributable to Cablevision stockholders. The following table summarizes activity relating to AMC Networks and Madison Square Garden employees who held Cablevision stock options for the year ended December 31, 2011:


	Shares Under Option						Weighted Average		Weighted Average Remaining
	Time Vesting Options			Performance Vesting Options			Exercise Price Per Share(a)		Contractual Term (in years)		Aggregate Intrinsic Value(b)
Balance, December 31, 2010		906,985			92,200		$	11.57		4.29	$	22,252
Exercised		(153,077	)		(59,800	)		14.05

Balance, December 31, 2011		753,908			32,400		$	7.97		3.10	$	4,933

Options exercisable at December 31, 2011		628,642			32,400		$	8.29		3.17	$	3,933
Options expected to vest in the future		125,266			-		$	6.24		2.68	$	1,000

______________

(a)	Option exercise prices relating to activity occurring on and subsequent to the AMC Networks Distribution date were adjusted to 73.59% of their pre-AMC Networks Distribution exercise prices.

(b)

Activity for Restricted Shares

The following table summarizes activity relating to Company employees who held Cablevision restricted shares for the year ended December 31, 2011:

	Number of Restricted Shares			Number of Performance Restricted Shares			Weighted Average Fair Value Per Share at Date of Grant(b)

Unvested award balance, December 31, 2010		6,032,120			606,600		$	16.24
Granted		952,300			331,200			36.01
Vested		(1,713,240	)		(153,400	)		19.89
Awards forfeited		(356,838	)		(243,700	)		15.68
Transfers(a)		(145,860	)		-			14.44

Unvested award balance, December 31, 2011		4,768,482			540,700		$	13.89

______________

(a)	Represents the transfer of restricted stock awards for employees who transferred from/to Cablevision affiliated entities to/from AMC Networks during the period.

(b)	Restricted share grant date fair values relating to activity occurring on and subsequent to the AMC Networks Distribution date were adjusted to 73.59% of their pre-AMC Networks Distribution grant date fair value per share amount.

As with options (discussed above), Cablevision restricted shares held by AMC Networks and Madison Square Garden employees are not expensed by the Company, however such restricted shares do have a dilutive effect on net income per share attributable to Cablevision stockholders. The following table summarizes activity relating to AMC Networks and Madison Square Garden employees who held Cablevision restricted shares for the year ended December 31, 2011:

	Number of Restricted Shares			Number of Performance Restricted Shares			Weighted Average Fair Value Per Share at Date of Grant(b)

Unvested award balance, December 31, 2010		2,914,770			-		$	14.48
Granted		303,530			76,090			36.10
Vested		(749,390	)		-			19.69
Transfers, net(a)		145,860			-			14.44
Awards forfeited		(200,700	)		-			12.13
Awards forfeited in connection with the AMC Networks Distribution(c)		(327,620	)		(76,090	)		26.57

Unvested award balance, December 31, 2011		2,086,450			-		$	9.37

_________________

(a)	Represents the transfer of restricted stock awards for employees who transferred from/to Cablevision affiliated entities to/from AMC Networks during the period.

(b)	Restricted share grant date fair values relating to activity occurring on and subsequent to the AMC Networks Distribution date were adjusted to 73.59% of their pre-AMC Networks Distribution grant date fair value per share amount.

(c)	Represents restricted shares granted in March 2011 to AMC Networks' employees (including employees transferred from Cablevision) which were cancelled and replaced with AMC Networks shares in connection with the AMC Networks Distribution.