Gregg Seibert Named Cablevision Chief Financial Officer

BETHPAGE, N.Y.--(BUSINESS WIRE)-- Cablevision Systems Corporation (NYSE: CVC) today announced that Gregg Seibert has assumed the role of chief financial officer in addition to his other responsibilities as Cablevision executive vice president. The transition follows Michael Huseby’s resignation as Cablevision executive vice president and chief financial officer.

Mr. Seibert’s new responsibilities as chief financial officer will include overseeing the company’s finance and accounting matters as well as its taxation and risk management functions. Over the last two years, as executive vice president of Cablevision, Mr. Seibert has helped drive the company’s overall corporate strategy, while overseeing its treasury, investor relations and business development activities. Mr. Seibert will report to Cablevision President and CEO James L. Dolan.

Mr. Dolan commented: “Since joining Cablevision more than two years ago, Gregg Seibert has provided valuable counsel on numerous company initiatives while overseeing a number of transactions that have significantly improved the company’s financial profile. We are fortunate to have an executive with Gregg’s expertise and are confident that he is the right person to lead Cablevision’s excellent financial team going forward.”

Mr. Huseby has agreed to remain at Cablevision for a brief period to enable an orderly transition, and is expected to remain with the company through July 1, 2011.

Cablevision President and CEO James L. Dolan stated: “During the last seven years, Michael Huseby has been instrumental in the success and growth of Cablevision. He has helped guide the company through a challenging economic period, while working with the executive management team on Cablevision’s successful spin-off of The Madison Square Garden Company and countless other financial matters. We appreciate Michael’s many contributions and thank him for his distinguished tenure as chief financial officer.”

Before joining Cablevision in January 2009, Mr. Seibert spent two decades at Merrill Lynch working on various financing and strategic transactions for companies across a number of industries. This includes banking activities for some of today’s top media companies such as Cablevision, Comcast, Liberty Media, News Corporation, and many others.

Mr. Seibert’s last position, prior to Cablevision, was senior vice president and vice chairman of Merrill Lynch, which he joined in 1989 as a managing director and head of the Global Media Group.

Cablevision Systems Corporation is one of the nation's leading telecommunications, media and entertainment companies. In addition to delivering its Optimum-branded cable, Internet, and voice offerings throughout the New York area, the company owns and operates cable systems serving homes in four Western states. Cablevision’s local media properties include News 12 Networks, MSG Varsity and Newsday Media Group. Cablevision's assets also include Rainbow Media Holdings LLC and its programming and entertainment businesses, AMC, IFC, Sundance Channel, WE tv and IFC Entertainment, as well as Clearview Cinemas. Additional information about Cablevision is available on the Web at www.cablevision.com.

Cablevision Systems CorporationCharles Schueler, 516-803-1013
Executive Vice President, Media and Community Relations

Source: Cablevision Systems Corporation