Cablevision, AMC Announce Settlement with DISH Network

Cablevision Systems Corporation CVC and AMC Networks AMCX today announced that they have settled their litigation with DISH Network DISH related to VOOM HD Holdings LLC. The lawsuit, VOOM HD Holdings LLC v. EchoStar Satellite LLC, was filed in the Supreme Court of the State of New York, County of New York. The settlement agreements include the following components: DISH Network pays a cash settlement of $700 million to Cablevision and AMC Networks, $80 million of which is in consideration for the purchase of Cablevision's multichannel video and data distribution service (MVDDS) licenses in 45 metropolitan areas in the U.S.; See full press release