Bethpage, NY (PRWEB) March 12, 2009
Cablevision Systems Corp. (NYSE: CVC) announced today that it was moving to an all-digital future and would become the first major cable provider in the nation to sell expanded basic service only in digital format to new customers, as of the end of the year. Existing analog customers and all digital customers will continue to receive available analog simulcasts on television sets connected directly to cable.
More than 91 percent of Cablevision's 3.1 million television customers today receive digital service, the highest rate of digital adoption in the country. Approximately 5 percent of the company's cable television customers today receive analog expanded basic service, and these customers will continue to receive this limited service on a grandfathered basis without any required action.
"The transition to digital television is something that is happening across our nation, because digital is a far superior format for delivering television service, both in terms of quality and capacity," said John Trierweiler, Cablevision's senior vice president of product management. "The vast majority of our customers have already embraced this standard, and Cablevision's move away from analog expanded basic for new customers is the next logical step in an evolution that will deliver clear benefits including more programming, particularly HD, and additional choice."
Cablevision has continued to build value and choice into its iO TV digital cable product, which offers customers:
About Cablevision
Cablevision Systems Corporation (NYSE: CVC) is one of the nation's leading media and entertainment companies. Its cable television operations serve more than 3 million households in the New York metropolitan area. The company's advanced telecommunications offerings include its iO TV® digital television, Optimum Online® high-speed Internet, Optimum Voice® digital voice-over-cable, and its Optimum Lightpath integrated business communications services. Cablevision operates several successful programming businesses, including AMC, IFC, Sundance Channel and WE tv, through Rainbow Media Holdings LLC, and serves the New York area as publisher of Newsday and other niche publications through Newsday Media Group. In addition to these businesses, Cablevision owns Madison Square Garden and its sports teams, the New York Knicks, Rangers and Liberty. The company also operates New York's famed Radio City Music Hall, the Beacon Theatre, and the Chicago Theatre, and owns and operates Clearview Cinemas.
###