Cablevision and AMC Networks Announce Settlement in VOOM HD Litigation with DISH Network

  Cablevision and AMC Networks Announce Settlement in VOOM HD Litigation with
  DISH Network

Business Wire

BETHPAGE, N.Y. -- October 21, 2012

Cablevision Systems Corporation (NYSE: CVC) and AMC Networks (NASDAQ: AMCX)
today announced that they have settled their litigation with DISH Network LLC
(NASDAQ: DISH) related to VOOM HD Holdings LLC. The lawsuit, VOOM HD Holdings
LLC v. EchoStar Satellite LLC, was filed in the Supreme Court of the State of
New York, County of New York.

The settlement agreements include the following components:

  *DISH Network pays a cash settlement of $700 million to Cablevision and AMC
    Networks, $80 million of which is in consideration for the purchase of
    Cablevision’s multichannel video and data distribution service (MVDDS)
    licenses in 45 metropolitan areas in the U.S.;
  *DISH Network enters into a long-term distribution agreement with AMC
    Networks to carry AMC, IFC, Sundance Channel and WE tv, and with The
    Madison Square Garden Company to carry Fuse on its satellite service; and
  *DISH also conveys its 20-percent membership interest in VOOM HD to Rainbow
    Programming Holdings LLC, such that all of the cash settlement remains
    with Cablevision and AMC Networks.

Promptly after payment of the cash settlement is received, the parties will
file a joint stipulation to dismiss the lawsuit with prejudice. The allocation
of the settlement proceeds between Cablevision and AMC Networks will be
determined pursuant to the existing agreement relating to this litigation
between the two companies.

Said Josh Sapan, President and CEO, AMC Networks: “We are glad to partner
again with DISH Network and are delighted to bring back our popular channels
and programming to their customers.”

About Cablevision

Cablevision Systems Corporation is one of the nation's leading media and
telecommunications companies. In addition to delivering its Optimum-branded
cable, Internet, and voice offerings throughout the New York area, the Company
owns and operates cable systems serving homes in four Western states.
Cablevision’s local media properties include News 12 Networks, MSG Varsity and
Newsday Media Group. Cablevision also owns and operates Clearview Cinemas.
Additional information about Cablevision is available on the web

About AMC Networks Inc.

Dedicated to producing and distributing quality programming and content for
more than 30 years, AMC Networks Inc. owns and operates several of the most
popular and award-winning brands in cable television. AMC, IFC, Sundance
Channel, WE tv, and IFC Films deliver distinctive, compelling and culturally
relevant content that engages audiences across multiple platforms. The company
also operates AMC/Sundance Channel Global, an international programming
business, and AMC Networks Broadcasting & Technology, a full-service network
programming feed origination and distribution company.

This press release may contain statements that constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995. Investors are cautioned that any such forward-looking statements are
not guarantees of future performance or results and involve risks and
uncertainties, and that actual results or developments may differ materially
from those in the forward-looking statements as a result of various factors,
including financial community and rating agency perceptions of Cablevision and
AMC Networks and their respective businesses, operations, financial condition
and the industries in which each operates and the factors described in the
respective companies’ filings with the Securities and Exchange Commission,
including the sections entitled "Risk Factors" and "Management’s Discussion
and Analysis of Financial Condition and Results of Operations" contained
therein. Cablevision and AMC Networks each disclaims any obligation to update
any forward-looking statements contained herein.


Charlie Schueler, 516-241-5858
Kelly McAndrew, 516-426-5007
AMC Networks
Georgia Juvelis, 646-420-5869
Ellen Kroner, 917-542-6209
Bret Richter, 516-803-2262
AMC Networks
Seth Zaslow, 646-273-3766
Press spacebar to pause and continue. Press esc to stop.