Cablevision Systems (NYSE:CVC) is the fifth largest largest cable operator in the United States based on the number of basic video subscribers.^[1] As of December 31, 2009, CVC served approximately 3.1 million basic video subscribers in and around the New York City metropolitan area. In addition to national and regional cable networks, Cablevision owns diverse assets including Madison Square Garden, the Clearview Cinemas movie theaters, and the New York Knicks team.

The company's cable television segment is its largest, thus making trends in the advertising industry--both total spending and the the growth of Internet advertising--key influences on financial performance. The industry's trend towards bundling telecommunication services such as cable TV, broadband access, landline phone services and Voip has helped fuel the company's growth, and it enjoys the highest revenue per customer in the cable TV industry, earning over $115 in monthly fees per customer.

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