Last $18.12 USD
Change Today +0.26 / 1.46%
Volume 2.6M
CVC On Other Exchanges
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As of 8:04 PM 07/10/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1111 Stewart Avenue

Bethpage, NY 11714

United States

Phone: 516-803-2300

Fax: 516-364-4491

Cablevision Systems Corporation, together with its subsidiaries, owns and operates cable television systems in the United States. As of December 31, 2013, the company served approximately 2.8 million video customers in and around the New York metropolitan area. The company, through its wholly-owned subsidiary, Cablevision Lightpath, Inc., provides Ethernet-based data, Internet, voice and video transport and managed services, to the business market in the New York metropolitan area. In addition, the company owns approximately 97.2% of Newsday LLC, which operates a newspaper publishing business. The company also owns a cable television advertising sales business and regional news and other local programming services businesses. Segments The company classifies its operations into three segments: Cable, Lightpath, and Other. CABLE This segment consists of video, high-speed data (high-speed Internet access), and voice over Internet protocol (VoIP) services. The company’s cable television systems offer varying packages of video service. Its video service is marketed under the Optimum brand name. The company’s video services may include, among other programming, local broadcast network affiliates and independent television stations, certain other news, information, sports and entertainment channels, such as CNN, AMC, CNBC, ESPN, MTV, The NFL Network and regional sports networks. The company also offers interactive video service, which enables customers to receive video on demand and subscription video on demand services, as well as interactive entertainment and advertising services. The company’s cable television revenues are derived principally from monthly fees paid by subscribers. It also provides high-speed data services using its cable television broadband network. High-speed data services are provided to residential and small business customers through a cable modem device. The high-speed data service is marketed as Optimum Online. The company offers VoIP services exclusively to its residential and small business Optimum Online customers, marketed as Optimum Voice. Subscriber Services Video Services The company’s cable television systems offer a government mandated broadcast basic level of service which generally includes local over-the-air broadcast stations, such as network affiliates (ABC, NBC, CBS, FOX), and public, educational or governmental channels. All of the company’s cable television systems also offer an expanded basic package of services, generally marketed as The Optimum Value Package, which includes, among other programming, news, information, entertainment, and sports channels. For additional charges, its cable television systems provide premium services, such as HBO, Showtime, Cinemax, Starz, Encore and The Movie Channel, which may be purchased either individually or in tiers. The company’s digital video programming services offered to subscribers, branded Optimum TV, include approximately 600 standard definition and high definition (HD) entertainment channels; 89 premium movie channels; access to on-demand movies and other programming, including shows from the top broadcast and cable networks, and subscription on-demand; 50 channels of uninterrupted commercial-free digital music from Music Choice; seasonal sports packages from the National Basketball Association, National Hockey League, Major League Baseball, Major League Soccer, college football and basketball, plus a sports and entertainment package, including 39 channels; approximately 102 international channels from worldwide; approximately 163 channels available in HD, including local broadcast affiliates, local sports channels, premium networks, such as HBO and various other cable networks; a collection of enhanced television applications, including News 12 Interactive (not available in Litchfield, Connecticut), Newsday TV (Long Island only), Newsday Cars and Newsday Homes, MSG Interactive, MSG Varsity Interactive and Tag Games; TV to Go, access via the Internet to content from approximately 70 networks, such as HBO, Starz, Showtime, ESPN, The NFL Network and The Disney Channel; and Multi-Room DVR, a remote-storag

 

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Industry Analysis

CVC

Industry Average

Valuation CVC Industry Range
Price/Earnings 21.3x
Price/Sales 0.7x
Price/Book NM Not Meaningful
Price/Cash Flow 3.4x
TEV/Sales NM Not Meaningful
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