Bow Tie Cinemas Completes Its Acquisition of Clearview Cinemas from Cablevision

  Bow Tie Cinemas Completes Its Acquisition of Clearview Cinemas from
  Cablevision

Business Wire

RIDGEFIELD, Conn. & BETHPAGE, N.Y. -- June 27, 2013

Bow Tie Cinemas and Cablevision Systems Corporation (NYSE: CVC) today
announced the completion of Bow Tie’s acquisition of substantially all of the
Clearview Cinemas theaters from Cablevision. With this acquisition, Bow Tie
Cinemas becomes the eighth largest theater circuit in the United States. The
company now has the largest number of theater locations in the New York
metropolitan area. Financial terms of the transaction were not disclosed.

Williams Mullen acted as legal advisor to Bow Tie Cinemas and Anchin, Block &
Anchin acted as financial advisor. Citi acted as financial advisor to
Cablevision and Hughes Hubbard & Reed LLP acted as legal advisor.

About Bow Tie Cinemas

Bow Tie Cinemas is a four generation family-owned entertainment business
founded over a century ago by motion picture industry pioneer B.S. Moss. The
company’s mission is to return style and elegance to the movie-going
experience™. Bow Tie’s storied history has spanned the eras of the
Nickelodeon, Vaudeville and the birth of the motion picture theater. Today Bow
Tie is the oldest cinema company in the United States and currently owns and
operates 63 movie theaters with 388 screens in seven states. The company
provides long-term investments to the communities it serves and is dedicated
to offering the best possible presentation and service to its patrons. For
more information, visit www.bowtiecinemas.com.

About Cablevision Systems Corporation

Cablevision Systems Corporation is one of the nation's leading media and
telecommunications companies. In addition to delivering its Optimum-branded
television, 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. Additional information about Cablevision is available on
the Web at www.cablevision.com.

Contact:

For Bow Tie Cinemas
Media:
Gemma Hart / Christopher Beattie, 212-333-3810
ghart@brunswickgroup.com / cbeattie@brunswickgroup.com
or
For Cablevision
Media:
Kelly McAndrew, 516-803-2351
kmcandre@cablevision.com
or
Analysts:
Bret Richter, 516-803-2270
brichter@cablevision.com