Cablevision Systems
Headquarters:
1111 Stewart Avenue
Bethpage, NY 11714
Employees: 12,200
CEO: James Dolan
Website: http://www.cablevision.com
Stock Symbol:
CVC
Career
Page
Cablevision Systems is a major force behind
New York entertainment. The company is a provider of cable television,
digital phone and high-speed Internet service under the Optimum
Online brand to three million households in the New York metropolitan
area, primarily Long Island, Westchester County and parts of
New Jersey and Connecticut.
Cablevision is owner of the NY Knicks NBA
team and NY Rangers NHL team. It also own Madison Square Garden,
the home arena of these sports teams. Its operations include
the MSG Arena, the WaMu Theater at Madison Square Garden, Radio
City Music Hall, the Beacon Theatre and the Chicago Theatre.
The company also operates MSG Network and FSN New York cable
channels.
Rainbow Media, a Cablevision subsidiary,
operates several cable channels including AMC, IFC (Independent
Film Channel), Fuse and WE: Women's Entertainment.
The News 12 networks provides local cable
news in the New York tri-state area and are affiliated with Cablevision,
Comcast, Time-Warner and Service Electric cable systems.
In 2007, Cablevision reported revenues
of $6.48 billion, up 11.3%, and net income of $218.4 million.
History
The company was founded in 1973 as a cable
television operator with 1,500 Long Island customers. Cablevision
went public on January 27,1986.
The company acquired The Wiz electronics
store chain in 1998 but closed the money-losing electronic stores
in 2003.
Cablevision is owned by the Dolan family.
Father Charles is the Chairman and son James is the current CEO.
The two have sparred over the company's direction and operating
divisions including the Voom Satellite TV service, which was
closed in 2005.
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