Cablevision: Wikis

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Cablevision Systems Corporation
Type Public (NYSECVC)
Founded 1973
Founder(s) Charles F. Dolan
Headquarters Bethpage, New York, U.S.
Area served New York
New Jersey
Connecticut
Pennsylvania
Key people Charles F. Dolan
Chairman of the Board
James L. Dolan
President CEO Director
Industry Cable television, Professional sports
Products iO Digital Cable (Television)
Optimum Online (Internet)
Optimum Voice (VoIP Phone)
Optimum Lightpath (Business)
News 12
Madison Square Garden
Radio City Music Hall
New York Knicks
New York Rangers
New York Liberty
Hartford Wolf Pack
Clearview Cinemas
Newsday
Revenue $ 7.230 billion - 2008
Operating income $ 687.26 million - 2008
Net income $ -227.58 million - 2008
Total assets $ 9.383 billion - 2008
Total equity $ -5.362 billion - 2008
Employees 14,471 - September 2009
Divisions Telecommunications Services
Subsidiaries Rainbow Media Holdings, LLC
Newsday, LLC - 97.2%
Website Cablevision.com
Cablevision headquarters in the former Grumman headquarters adjacent to Grumman's old plant in Bethpage. Grumman's original headquarters was on the left. Cablevision has substantially increased the building size.

Cablevision Systems Corporation (NYSECVC) is an American cable television company. It is the 5th largest cable provider in the USA, with most customers residing in New York, New Jersey, Connecticut, and parts of Pennsylvania.[1] Cablevision also offers high-speed Internet connections (Optimum Online), as well as digital cable (iO), and VoIP phone service (Optimum Voice) through its Optimum brand name.

Contents

Sports holdings

The Madison Square Garden, L.P. subsidiary controls the Madison Square Garden arena in New York City, and the professional sports teams that play there—the New York Knicks, New York Rangers, and New York Liberty. The same company also owns the Hartford Wolf Pack, a minor-league professional hockey team affiliated with the Rangers.

Cablevision's sports holdings also include TV rights for the Knicks, Rangers, Liberty, New York Islanders, New Jersey Devils, Buffalo Sabres and Red Bull New York. These games are aired on their MSG Network and MSG Plus (formerly FSN New York) cable channels. Cablevision previously had the rights to the New York Yankees, New Jersey Nets and New York Mets, who left to start their own channels. Cablevision previously attempted to purchase the Yankees, Mets and Boston Red Sox, in part, to control their broadcast rights.

Other Cablevision properties

Other properties that are owned by Cablevision, through its Madison Square Garden, L.P. division, include the Beacon Theater [2] and Clearview Cinemas. They have a long-term lease to operate Radio City Music Hall. Cablevision does own Radio City Entertainment, the company that operates the Rockettes.

The company owned a satellite television company called Voom, which shut down on April 30, 2005, but lived on as a series of High-definition television channels. They were available on Cablevision and iO digital cable until January 21, 2009. However, the 15 U.S. channels shut down due to lack of distribution.[3] The international channels still continue to be syndicated. As of June 26, 2009, Cablevision offers over 100 HD Channels.[4] Other services (cable, satellite, and telcos) are rapidly increasing their channel selections and also making claims of superiority. DirecTV planned to offer over 100 HD Channels by the end of 2007.[5] The company is based in Bethpage, New York on Long Island and is headed by the Dolan family, who reside on Long Island.

On April 30, 2007, Cablevision announced that its control of FSN Bay Area and FSN New England is being bought by Comcast for $570 million.[6]

On May 12, 2008, Newsday reported that it would be purchased by Cablevision in a deal worth $650m.[7] The sale was completed on July 29, 2008.[8]

Cablevision's role in the West Side Stadium debate

In 2004 and 2005, Cablevision provided funding for an advertising campaign against the proposed construction of a stadium on the West Side of Manhattan supported by the Mayor of New York City, Michael Bloomberg. The stadium would have principally served the New York Jets, and was an essential part of New York City's failed bid for the 2012 Olympics. Cablevision had offered a competitive bid that far exceeded the bid of the Jets for property owned by the Metropolitan Transportation Authority, where the new stadium would have been located. The plans to build the stadium were abandoned in June 2005 when the New York State Assembly under the leadership of Speaker Sheldon Silver refused to provide state subsidies for the project.

Products and services

Carriage disputes

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MSG Network

From September 1988 through July 1989, Cablevision did not carry MSG Network (back when it was not owned by Cablevision) over the question of whether MSG should be offered as a basic service or a premium service. This move also occurred as New York Yankees games on cable moved to MSG from Cablevision-owned SportsChannel.[9][10]

YES Network

Cablevision did not carry most of the games of the New York Yankees in 2002, because they would not accept the price asked during the inaugural season of YES Network. A deal was made the following year.

NFL Network

Cablevision has also never carried the NFL Network, as the company has stated that it would like to be able to carry NFL Sunday Ticket (which is, by contract, exclusive to DirecTV until the 2014 season) before it carries NFL Network. This has been criticized by New Jersey legislators.[11]

Verizon FiOS

Cablevision, as a content provider, also engaged in a dispute with Verizon over the carriage of MSG Network and Fox Sports Net New York on its FiOS television systems. Verizon sued Cablevision, claiming that the Cablevision did not want to make their valuable local sports coverage available to an emerging competitor to their cable systems. An agreement was reached in November 2006 allowing FiOS to carry these channels.[12] However, MSG's programming continues to be restricted to standard-definition on FiOS systems, even following MSG's spinoff from Cablevision.

Additionally, Cablevision owned exclusive rights to the MSNBC news network in its service territory, preventing its carriage by FiOS in overlapping areas.[13] However, this exclusivity ended in February, 2010.[14]

Food Network and HGTV

Because it was unable to reach a deal with Scripps Networks Interactive concerning retransmission fees, Scripps Networks Interactive revoked Cablevision's rights to carry the disputed channels, HGTV and the Food Network, on January 1, 2010.[15] Cablevision issued a statement saying, "We wish Scripps well and have no expectation of carrying their programming again, given the dramatic changes in their approach to working with distributors to reach television viewers."[16] After the dispute, Cablevision had made commercials and set up an area on their website to send out messages to Scripps Networks to tell them to re-carry Food Network and Home & Garden Television. [17] Cablevision and Scripps reached an agreement, and as of January 22, 2010, the two networks are back on Cablevision systems. The details of the agreement have not been disclosed.

WABC-TV and WPVI ABC contract dispute

On March 2, 2010, WABC TV along with Philadelphia sister station WPVI (caried in Mercer, Monmouth and Ocean counties) stated that they would pull their programming from Cablevision on March 7, 2010 (at midnight), unless a new payment structure is implemented for its network programming. Cablevision responded by citing WABC-TV and WPVI's free, over-the-air accessibility. Cablevision spokesman Charles Scheuler stated "It is not fair for ABC-Disney to hold Cablevision customers hostage by forcing them to pay what amounts to a new TV tax." [18]

The possible removal of this station also happens to fall on the same weekend as the 82nd Academy Awards, which is one of ABC's largest yearly specials. Should the station be removed, it is projected to cause a devastating blow to advertisers for the Oscars and to Cablevision itself.

Effective Sunday March 7, 2010 at 12:01 a.m., WABC and WPVI were both removed from Cablevision leaving a black screen in their place, confirming the rumors that if a deal with Cablevision and ABC was not reached by midnight, the network and other Disney based Channels would go off the air.

On Sunday, March 7, 2010 at 08:50 p.m., WABC and WPVI returned to Cablevision's programming, after a notification during the 82nd Academy Awards announced progression in negotiations, and the return of ABC's programming during the negotiations. At the same time, Channel 7 has begun working again for all tri-state area customers under Cablevision and its brand name Optimum iO, pending the two companies "Work to Complete our Negotiations"

Currently, Cablevision has been looping a public service announcement on the channel much like was done when Scripps Network pulled their shows. Besides providing certain details of the disagreement they have stated that ABC shows could be watched online through TV websites such as Hulu, and currently such programming is now available once again on WABC and WPVI amid negotiations.


On March 7, Cablevision announced through e-mail that their entire film catalog of movie on demand content would be available without charge until midnight that evening as an apology to their customers.[19]

Corporate governance

Current members of the board of directors of Cablevision are: Charles Dolan, James Dolan, Patrick Dolan, Rand Araskog, Frank Biondi, Charles Ferris, Richard Hochman, Victor Oristano, Thomas Reifenheiser, John R. Ryan, Brian Sweeney, Vincent Tese, Leonard Tow.

In 2006, the Dolan family announced a plan to purchase the company and privatize it, after a failed attempt in 2005, which would have spun off Rainbow Media as a publicly traded company.

On May 2, 2007, after repeated attempts, the Dolan family announced that a deal worth $10.6 billion had been reached for Cablevision to be taken private, but agreement was not reached with other shareholders.[20] Cablevision stock trades under the ticker symbol CVC on the New York Stock Exchange.

Subsidiaries

References

  1. ^ "Top 25 Multichannel Video Programming Distributors". NCTA.com. http://www.ncta.com/ContentView.aspx?contentId=73. Retrieved 2010-03-17. 
  2. ^ [1]
  3. ^ VOOM going off the air....CV to replace all 15 channels, Cable Rant, January 21, 2009
  4. ^ Cablevision Channel Lineup, Cablevision.com as of:!, January 26, 2009
  5. ^ "DirecTV to carry 100 National HD Channels in 2007". Engadget HD. http://www.engadgethd.com/2007/01/09/directv-to-carry-100-national-hd-channels-in-2007/. Retrieved 2010-03-17. 
  6. ^ Comcast, Cablevision in deal on 2 sports networks, Yahoo!, April 30, 2007
  7. ^ Cablevision announces deal to buy Newsday, Newsday, May 12, 2008
  8. ^ Cablevision Completes Newsday Buy from Tribune, Broadcasting and Cable, July 29, 2008
  9. ^ Rogers, Thomas (1989-07-06). "THE MEDIA BUSINESS - THE MEDIA BUSINESS - Cablevision and MSG Settle Dispute Over Sports Service". NYTimes.com. http://www.nytimes.com/1989/07/06/business/the-media-business-cablevision-and-msg-settle-dispute-over-sports-service.html?pagewanted=1. Retrieved 2010-03-17. 
  10. ^ "Cablevision Systems Corporation - Company History". Fundinguniverse.com. http://www.fundinguniverse.com/company-histories/Cablevision-Systems-Corporation-Company-History.html. Retrieved 2010-03-17. 
  11. ^ http://www.hollywoodreporter.com/hr/content_display/news/e3i8b4e2c24bf2df48e5601a0466f77a42f
  12. ^ November 22, 2006 — 11:01am ET (2006-11-22). "RELEASE: Verizon inks FiOS TV content deal with Rainbow Media". FierceIPTV. http://www.fierceiptv.com/story/release-verizon-inks-fios-tv-content-deal-with-rainbow-media/2006-11-22. Retrieved 2010-03-17. 
  13. ^ Spangler, Todd (March 7, 2008). "Cablevision Keeps MSNBC From Telcos". Multichannel News. http://www.multichannel.com/article/89137-Cablevision_Keeps_MSNBC_From_Telcos.php. Retrieved 3 March 2010. 
  14. ^ "Verizon to Launch MSNBC on FiOS TV Throughout the New York Metro Area". Verizon Press Release. January 28, 2010. http://newscenter.verizon.com/press-releases/verizon/2010/verizon-to-launch-msnbc-on.html. Retrieved 3 March 2010. 
  15. ^ "Food Network and HGTV yanked from Cablevision subscribers". NorthJersey.com. January 6, 2010. http://www.northjersey.com/news/passaic_morris/passaic_news/80873972_Food_Network___HGTV_yank_Cablevision_programming_.html. Retrieved 8 January 2010. 
  16. ^ "Cablevision drops Food, HGTV networks". CNNMoney.com. January 1, 2010. http://money.cnn.com/2010/01/01/news/companies/cablevision_scrippsa/index.htm. Retrieved 2 January 2010. 
  17. ^ "Cablevision". Cablevision. http://www.cablevision.com/scripps/index.jsp. Retrieved 2010-03-17. 
  18. ^ "Disney may pull ABC signal from N.Y. Cablevision systems". MarketWatch.com. March 2, 2010. http://www.marketwatch.com/story/abc-may-pull-its-signal-from-cablevision-systems-2010-03-02?reflink=MW_news_stmp. Retrieved 2 March 2010. 
  19. ^ "Cablevision offers free "Movies On Demand" On Sunday, March 7th". Cablevision. http://ebm.optimumemail1.com/c/tag/hBLlA5xB734nGB8C13mJpT1NZkz/doc.html?t_params=. Retrieved 7 March 2010. 
  20. ^ Cablevision Agrees to Be Taken Private, Yahoo!, May 2, 2007

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