Cablevision Statement Regarding News Corp., Fox Programming and the FCC

BETHPAGE, N.Y., Oct. 27 -- Cablevision Systems Corp. (NYSE: CVC) today issued the following statement regarding News Corp., Fox Programming and the FCC.

Charles Schueler, Cablevision's executive vice president of communications, said:

"Cablevision has and will continue to negotiate in good faith. We are trying to reach a deal that is fair for everyone, including our customers, but there has been absolutely no movement by Fox in their attempts to gain massive fee increases from Cablevision customers to carry broadcast signals that are free over the air.

The FCC is the government agency charged with protecting television consumers and oversight of broadcast licenses. We do not understand how protecting and interceding on behalf of TV viewers in 3 million blacked out households in the Northeastern United States does not fall under the FCC's purview. The FCC has the facts and our customers are demanding that the FCC act."

About Cablevision

Cablevision Systems Corporation is one of the nation's leading telecommunications, media and entertainment companies. In addition to its Optimum-branded cable, Internet, and voice offerings, the company owns and operates News 12 Networks, MSG Varsity and Newsday Media Group. Cablevision's assets also include Rainbow Media Holdings LLC and its programming and entertainment businesses, AMC, IFC, Sundance Channel, WE tv and IFC Entertainment, as well as Clearview Cinemas. Additional information about Cablevision is available on the Web at www.cablevision.com.