Cablevision Systems Corporation: New Analyst Report From Zacks Equity Research - Zacks Equity Research Report

Founded in 1985, Cablevision Systems Corporation is a leading cable MSO (multi service operator) in the U.S. and is headquartered in Bethpage, New York. Cablevision offers triple-play cable video programming, high-speed broadband (Internet) and voice (telephony) services to both residential and commercial customers under the "Optimum" brand name. The company also provides Ethernet-based data, Internet, voice, and video transport and managed services to health care, financial, education, legal and professional service industries, as well as the public sector and telecommunication providers under the "Lightpath" brand name. Additionally, Cablevision has business interests in newspaper and magazine publishing, online websites and regional news programming services.

Cablevision Systems operates through three reportable segments such as:

Cable: This segment primarily consists of the company's video systems, high-speed data and voice over IP (VoIP) operations. The segment accounted for 89.4% of the total revenue in the first quarter of 2014.

Lightpath: This segment provides Ethernet-based data, Internet, voice and video transport and managed services to business enterprises and accounted for nearly 5.5% of the total revenue in the first quarter of 2014.

Other: Other revenues consist of Newsday daily newspaper, amNew York, Star Community Publishing Group, and online websites including newsday.com and exploreLI.com, News 12 Networks regional news programming service, Cablevision Media Sales Corporation and certain other businesses. The segment generated the remaining 5.1% of the total revenue in the first quarter of 2014.