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Cablevision Systems Corporation is an American cable television company. It is the 5th largest cable provider in the USA, with most customers residing in New York, New Jersey and Connecticut. [1] Cablevision also offers high-speed Internet connections (Optimum Online), as well as digital cable (iO), and VoIP phone service (Optimum Voice) through its Optimum brand name. Furthermore, Cablevision now offers Optimum Online Wi-Fi, which is available throughout the country to existing Optimum Online customers.
Sports holdingsCablevision owns the Madison Square Garden arena in New York City, including the professional sports teams that play there—the New York Knicks, New York Rangers, and New York Liberty. The same company also owns the Hartford Wolf Pack, a minor-league professional hockey team affiliated with the Rangers, and operates (but does not own) two Connecticut sports venues, the Hartford Civic Center Coliseum and Rentschler Field.
Other Cablevision propertiesOther properties that are owned by Cablevision include Radio City Music Hall, the Beacon Theater [2], Clearview Cinemas, and a satellite television company called Voom, which shut down on April 30, 2005, but lives on as a series of High-definition television channels available on Dish Network and internationally. The company is based in Bethpage, New York on Long Island and is headed by the Dolan family, who reside on Long Island. Cablevision's role in the West Side Stadium debateIn 2004 and 2005, Cablevision provided funding for an advertising campaign against the proposed construction of a stadium on the West Side of Manhattan supported by the Mayor of New York City, Michael Bloomberg. The stadium would have principally served the New York Jets, and was an essential part of New York City's failed bid for the 2012 Olympics. Cablevision had offered a competitive bid that far exceeded the bid of the Jets for property owned by the Metropolitan Transportation Authority, where the new stadium would have been located. The plans to build the stadium were abandoned in June 2005 when the New York State Assembly under the leadership of Speaker Sheldon Silver refused to provide state subsidies for the project. Products and servicesCarriage disputesCablevision earned notoriety in the New York City area for playing hardball with the YES Network in 2002 and 2003. Cablevision refused to carry the Yankees' official television network, depriving Yankee fans of telecasts of most of their games for the entire 2002 season. Pressure from federal and state officials finally convinced Cablevision to sign a carriage deal just before the 2003 season started.
Cablevision, as a content provider, also engaged in a dispute with Verizon over the carriage of MSG Network and Fox Sports Net New York on its FiOS television systems. Verizon sued Cablevision, claiming that the latter company did not want to make their valuable local sports coverage available to an emerging competitor to their cable systems (though the networks are available on competitors DirecTV and Dish Network). An agreement was reached in November, 2006 allowing FiOS to carry these channels.[5]. Corporate governanceCurrent members of the board of directors of Cablevision are: Charles Dolan, James Dolan, Patrick Dolan, Rand Araskog, Frank Biondi, Charles Ferris, Richard Hochman, Victor Oristano, Thomas Reifenheiser, John R. Ryan, Brian Sweeney, Vincent Tese, Leonard Tow. In 2006, the Dolan family announced a plan to purchase the company and privatize it, after a failed attempt in 2005, which would have spun off Rainbow Media as a publicly traded company. Cablevision is traded under the ticker symbol CVC on the New York Stock Exchange. Subsidiaries
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