CSC Holdings Increases Price of Senior Note Offering From $400M to $600M

CSC Holdings, LLC (the “Company”), a subsidiary of Cablevision Systems Corporation CVC, announced today that it is increasing the aggregate purchase price (including the tender premiums listed in the table below) of outstanding notes to be purchased in the tender offers for the senior notes listed in the table below (the “Senior Notes”) from $400 million to $600 million (the “Maximum Notes Purchase Price”). The terms and conditions of each tender offer are described in the Offer to Purchase and related Letter of Transmittal distributed to holders of Senior Notes, as amended by this news release. Except as described in this news release, none of the terms of the tender offers are being amended. Title of Security and CUSIP Numbers Outstanding Principal Amount Acceptance Priority Level Base Offer Consideration (1)(2) Early Tender Premium (1) Total Offer Consideration (1)(3) 8.50% Senior Notes due June 15, 2015 (CUSIP No. 126307 AB3; ISIN No. US126307 AB34) $120,543,000 1 $1,016.25 $30.00 $1,046.25 8.50% Senior Notes due April 15, 2014 (CUSIP No. 126307 AA5; ISIN No. US126307 AA50) $575,633,000 2 $1,083.00 $30.00 $1,113.00 (1) Per $1,000 principal amount of Senior Notes. (2) Calculated as the applicable Total Offer Consideration less the applicable Early Tender Premium. (3) Includes the applicable Early Tender Premium per $1,000 principal amount of Senior Notes for each series of Senior Notes (the “Early Tender Premium”). The tender offers will expire at 11:59 p.m. New York City time, on October 11, 2012, unless extended or earlier terminated (such time and date, as the same may be extended with respect to any series of Senior Notes, the “Expiration Date”). Holders must validly tender their Senior Notes prior to 5:00 p.m., New York City time, on September 26, 2012 (the “Early Tender Date”), unless extended, in order to be eligible to receive the applicable Total Consideration. Holders who validly tender their Senior Notes after the Early Tender Date but prior to the Expiration Date and whose Senior Notes are accepted for purchase will receive the applicable tender offer consideration, namely the Total Consideration less the Early Tender Premium of $30 per $1,000 principal amount of Senior Notes.