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Dolan Family Issues Statement Regarding 13D Filing.

Publication: Business Wire
Date: Monday, December 8 2008

BETHPAGE, N.Y. -- The Dolan family today issued the following statement regarding a 13D amendment filed in connection with Cablevision Systems Corporation (NYSE: CVC):

"The transaction reported in today's SEC filing completes a previously disclosed 1999 prepaid forward contract, which

was used to finance a portion of the purchase price for the acquisition of the Cleveland Indians by Lawrence Dolan and certain Dolan family trusts. As a result of this transaction, the Dolan family now beneficially owns approximately 63 million Cablevision shares, representing approximately 70% of the voting rights. Neither Charles Dolan nor James Dolan has any Cablevision stock pledged to support any obligations."

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