July 27, 2016 11:06 AM ET

Media

Company Overview of CSC Holdings, LLC

Company Overview

CSC Holdings, LLC engages in the cable operation business in the United States. The company operates through three segments: Cable, Lightpath, and Other. The Cable segment provides video services under the Optimum brand name; entertainment and advertising services; high-speed data services to residential and small business customers under the Optimum Online name; and Voice over Internet Protocol (VoIP) services to residential and small business customers under the Optimum Voice name. As of December 31, 2014, this segment served approximately 2.6 million video customers in the New York metropolitan area. The Lightpath segment offers fiber based telecommunications, including Ethernet, data tra...

1111 Stewart Avenue

Bethpage, NY 11714

United States

Founded in 1985

12,920 Employees

Phone:

516-803-2300

Key Executives for CSC Holdings, LLC

Chief Executive Officer, Director and Chairman of Executive Committee
Age: 61
President, Chief Financial Officer and Director
Age: 52
Chief Operating Officer and Director
Age: 50
Principal Accounting Officer, Senior Vice President and Controller
Age: 47
Executive Vice President, General Counsel and Secretary
Age: 51
Compensation as of Fiscal Year 2016.

CSC Holdings, LLC Key Developments

CSC Holdings, LLC Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2016

CSC Holdings, LLC reported unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, revenues, net was $1,640,757,000 against $1,614,771,000 a year ago. Operating income was $251,255,000 against $223,751,000 a year ago. Income from continuing operations before income taxes was $157,097,000 against $92,841,000 a year ago. Income from continuing operations, net of income taxes was $94,311,000 against $54,901,000 a year ago. Net income attributable to the company stockholders was $94,377,000 against $44,633,000 a year ago. Diluted income from continuing operations, net of income taxes per share attributable to the company stockholders was $0.34 against $0.20 a year ago. Diluted net income per share attributable to the company stockholders was $0.34 against $0.16 a year ago. Adjusted operating cash flow was $479,442,000 against $454,030,000 a year ago. Net cash provided by operating activities was $152,554,000 against $215,334,000 a year ago. Capital expenditures were $148,652,000 against $166,631,000 a year ago. Net revenues decreased 4.5% to $78.1 million, primarily due to lower advertising revenue at Newsday.

Cablevision Systems Corporation and CSC Holdings, LLC Appoint Steven J. Simmons as A Member of the Boards

On July 29, 2014, the Boards of Directors of Cablevision Systems Corporation and CSC Holdings, LLC expanded the size of the Boards of Directors from 17 directors to 18 directors and Mr. Steven J. Simmons was appointed to serve as a member of the Boards. In accordance with Cablevision's Amended and Restated Certificate of Incorporation, Mr. Simmons was designated as a director elected by the holders of Class A Common Stock. Mr. Simmons, has been the Chairman and Chief Executive Officer of Simmons Patriot Media & Communications, LLC, since 2002. He also serves as Chairman of RCN Telecom Services, LLC (since 2010), Grande Communications (since 2013) and PPR Media, LLC/Choice Communications (since 2008).

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 13, 2015
Newsday Holdings, LLC
 

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