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Cablevision Systems

Headquarters: 1111 Stewart Avenue
Bethpage, NY 11714
Employees: 16,433
CEO: James Dolan
Website
: http://www.cablevision.com

Stock Symbol: CVC

Career Page

Cablevision Systems is a leading provider of cable television, digital phone and high-speed Internet service under the Optimum Online brand to over three million households in the New York metropolitan area, primarily Long Island, Westchester County and parts of New Jersey and Connecticut.

In the New York tri-state area, Cablevision's telecommunications properties also consist of Optimum WiFi, the nation's largest wireless Internet network, and Lightpath, a leading provider of integrated business communications solutions that meets the needs of larger companies.

The News 12 networks provides local cable news in the New York tri-state area including Hudson Valley, Westchester, Connecticut, New Jersey, Bronx, Brooklyn and Long Island.

Cablevision also operates Newsday Media Group, which includes Long Island's leading daily newspaper, Newsday, and the popular Web site Newsday.com, as well as amNewYork, the nation's most widely circulated free daily serving New York City, and Star Community Publishing, the Northeast's largest group of weekly shopper publications.

In 2013, Cablevision reported revenues of $6.23 billion, an increase of 1.6%, and net income of $292.2 million. The company reported average monthly revenue per basic video customer of $166.66 per month at the end of 2013.

The company has a total of 3,188,000 subscribers.

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.

The company acquired Long Island newspaper Newsday in 2008 for $650 million.

In February 2010, Madison Square Garden was spun off into a separate company which includes the Garden arena, NY Knicks and NY Rangers sports teams.

Rainbow Media Holdings was spun off in June 2011 and is now known as AMC Networks. It includes the AMC cable network, Sundance Channel, IFC and We.

The company spun off MSG as a separate company in 2010 and AMC Networks in 2011.

Benefits

Employee Product Benefits

  • Free iO TV® Service*
  • Free Optimum Online Service*
  • Free Optimum Voice Service*
  • Discounts on many other Services*

Health/Welfare Benefits

  • Choice between two different medical, dental, and vision plans (certain salary levels have the option of contribution free coverage)
  • Prescription drug plan
  • Flexible spending accounts (health and dependent care)
  • Domestic partner and dependent coverage
  • Employee life and AD&D insurance
  • Basic dependent life insurance
  • Option to purchase additional life insurance
  • Short term and long term income protection disability plans
  • Wellness programs

Retirement Benefits

  • 401(k) savings plan with company match
  • Cash balance pension plan
  • Financial engines management and advisory services
  • Retiree employee product benefit

Work/Life Benefits

  • NYS 529 College savings program
  • Commuter benefits program (WageWorks)
  • Educational assistance program
  • Ticket discounts for sporting events, concerts, etc.
  • Credit Union membership
  • Company paid holidays
  • Leaves of absence
  • Paid time off (vacation, sick and personal time)
  • Employee referral award program
  • Total Rewards On Demand (Your Online Benefits and Compensation Summary)
  • Employee Assistance Program
  • Work/life benefit resource and referral program

*If you live in a Cablevision service area

Updated February 26, 2014

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