Exhibit 99.5

UNAUDITED PRO FORMA CONSOLIDATED HISTORICAL INFORMATION

On February 9, 2010, Cablevision Systems Corporation (“Cablevision”) and CSC Holdings, LLC (“CSC Holdings”) (collectively, the “Company”) completed the spin-off of its Madison Square Garden business segment through a tax-free distribution to its shareholders (the “Distribution”). On January 12, 2010, Madison Square Garden, Inc. (“MSG, Inc.”) acquired the subsidiaries of Cablevision which own, directly and indirectly, all of the interests in Madison Square Garden, L.P. Subsequent to the Distribution, the Company will no longer consolidate the financial results of MSG, Inc. for the purpose of its own financial reporting. After the date of Distribution, the historical financial results of MSG, Inc. will be reflected in the Company’s consolidated financial statements as discontinued operations for all periods presented through the Distribution date, beginning with the financial statements to be filed for the quarter ending March 31, 2010.

The accompanying unaudited pro forma condensed consolidated balance sheets of Cablevision and CSC Holdings as of September 30, 2009 are presented as if the Distribution had occurred on September 30, 2009. The accompanying unaudited pro forma condensed consolidated statements of operations for the nine months ended September 30, 2009 and 2008 and the unaudited pro forma consolidated statements of operations for the years ended December 31, 2008, 2007 and 2006 are presented as if the Distribution had occurred on January 1, 2006.

Effective January 1, 2010, a new long-term affiliation agreement was entered into between Cablevision and the MSG networks. This new long-term affiliation agreement will result in estimated incremental programming costs to the Company of approximately $30 million for 2010, as compared to the amount of programming costs expected to be recognized by the Company pursuant to the Company’s arrangement with the MSG networks for 2009, and other additional consideration. Such incremental programming costs have not been reflected in the unaudited pro forma combined financial information presented herein. This new affiliation agreement will provide for the carriage of the MSG and MSG Plus programming services on Cablevision’s cable systems in the tri-state area. This agreement will have a term of ten years, obligates the Company to carry such program services on its cable systems and provides for the payment by the Company to the MSG networks of a per subscriber license fee, which fee is increased each year during the term of the agreement.

The accompanying unaudited pro forma financial information reflects all adjustments that, in the opinion of management, are necessary to present fairly the pro forma results of operations and financial position of the Company as of and for the periods indicated. In management’s opinion, these pro forma adjustments have been developed on a reasonable and rational basis, however, the retrospectively adjusted results of operations and financial position for the indicated periods when reported in the Company’s post-distribution periodic reports will differ from the pro forma financial information presented herein. The accompanying unaudited pro forma consolidated financial information is presented for illustrative and informational purposes only and is not intended to represent or be indicative of the financial condition or results of operations that would have actually occurred had the Distribution taken place during the periods presented or for the full year ended December 31, 2009. In addition, the accompanying unaudited pro forma financial information does not reflect actions that may be undertaken by the Company after the Distribution. The unaudited pro forma financial information should be read in conjunction with the notes thereto and “Management’s Discussion and Analysis of the Results of Operations and Financial Condition” and with the historical consolidated financial statements and accompanying notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2008 and the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2009.

In connection with the Distribution, and as provided for in the Company’s equity plans, each stock option and stock appreciation right (“SAR”) outstanding at the effective date of the Distribution will become two options and SARs, one with respect to Cablevision NY Group Class A Common Stock and one with respect to MSG, Inc. Class A Common Stock. The existing exercise price of each option/SAR will be

allocated between the existing Cablevision option/SAR and the MSG, Inc. option/SAR based on the weighted average trading price of MSG, Inc.’s and Cablevision’s common shares for the ten trading days subsequent to the Distribution and the underlying share amount will take into account the 1:4 Distribution ratio. The modifications to the outstanding equity awards will be made pursuant to existing anti-dilution provisions in the Company’s equity plans and such modifications could result in additional compensation expense since the adjustments are not being calculated on the basis of the closing share prices of MSG, Inc. and Cablevision on the Distribution date. No adjustment for such modifications has been reflected in the accompanying unaudited pro forma consolidated statements of operations.

The following is a brief description of the amounts recorded under each of the column headings in the accompanying unaudited pro forma condensed consolidated balance sheets and the unaudited pro forma consolidated statements of operations:

Historical

This column reflects Cablevision’s and CSC Holdings’ respective historical financial positions as of September 30, 2009 and respective historical results of operations for the nine months ended September 30, 2009 and 2008, and for the three years ended December 31, 2008, 2007 and 2006, prior to any adjustment for the Distribution and the pro forma adjustments described under the headings “Distribution of MSG, Inc.” and “Other Adjustments” discussed below. Also, the amounts presented under this column heading have been retrospectively adjusted to reflect the adoption, on January 1, 2009, of accounting guidance related to the accounting for noncontrolling interests.

Distribution of MSG, Inc.

This column reflects MSG Inc.’s historical financial position as of September 30, 2009 and its historical operating results for the nine months ended September 30, 2009 and 2008 and for the years ended December 31, 2008, 2007 and 2006, prior to the pro forma adjustments described under the heading “Other Adjustments” below.

Other Adjustments

This column represents pro forma adjustments for transactions between the Company and MSG, Inc. that were previously eliminated in consolidation and will no longer be eliminated subsequent to the Distribution or that arise as a direct result of the Distribution. These adjustments are more fully described in the notes to the accompanying unaudited pro forma consolidated financial information.

CABLEVISION SYSTEMS CORPORATION
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET
SEPTEMBER 30, 2009
(Unaudited)

						Distribution of				Other
		Historical				MSG, Inc. (1)				Adjustments				Pro forma
ASSETS
Current Assets:
Cash and cash equivalents		$	336,571			$	(72,667	)		$	(2,700)	(4)		$	261,204
Restricted cash			13,769				(13,769	)			—				—
Accounts receivable, trade (less allowance for doubtful accounts)			557,679				(95,925	)							461,754
Advances to affiliates			—				(20,639	)			33,579	(2)			12,940
Prepaid expenses and other current assets			221,745				(85,630	)			—				136,115
Program rights, net			183,196				(3,590	)			—				179,606
Deferred tax asset			445,472				—				(4,523)	(7)			440,949
Investment securities pledged as collateral			181,378				—				—				181,378
Derivative contracts			68,037				—				—				68,037
Total current assets			2,007,847				(292,220	)			26,356				1,741,983
Property, plant and equipment, net of accumulated depreciation			3,324,566				(330,725	)			—				2,993,841
Notes and other receivables			36,715				(200,858	)			190,000	(8)			25,857
Investment securities pledged as collateral			181,378				—				—				181,378
Derivative contracts			3,136				—				—				3,136
Other assets			995,083				(73,975	)			—				921,108
Deferred tax asset			—				—				68,207	(7)			68,207
Program rights, net			498,082				(3,471	)			—				494,611
Deferred carriage fees, net			101,190				(4,274	)			—				96,916
Affiliation, broadcast and other agreements, net of accumulated amortization			519,954				(85,115	)			—				434,839
Other amortizable intangible assets, net of accumulated amortization			208,029				(67,509	)			—				140,520
Indefinite-lived cable television franchises			731,848				—				—				731,848
Other indefinite-lived intangible assets			251,008				(158,096	)			—				92,912
Goodwill			1,100,702				(742,492	)			—				358,210
Deferred financing and other costs, net of accumulated amortization			168,460				(49,084	)			—				119,376
		$	10,127,998			$	(2,007,819	)		$	284,563			$	8,404,742

See Note A of Notes to Unaudited Pro Forma Condensed Consolidated Balance Sheets.

CABLEVISION SYSTEMS CORPORATION
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET
September 30, 2009
(Unaudited)

						Distribution of				Other
		Historical				MSG, Inc. (1)				Adjustments				Pro forma
LIABILITIES AND TOTAL DEFICIENCY
Current Liabilities:
Current Liabilities:
Accounts payable		$	362,451			$	(4,101	)		$	—			$	358,350
Accrued liabilities			820,704				(133,682	)			7,300	(5)			692,922
											(1,400)	(6)
Accounts payable to affiliates			74				(12,940	)			33,579	(2)			20,713
Deferred revenue			230,294				(163,141	)			—				67,153
Program rights obligations			126,852				(2,208	)			—				124,644
Liabilities under derivative contracts			19,405				—				—				19,405
Bank debt			310,000				—				—				310,000
Collateralized indebtedness			244,161				—				—				244,161
Capital lease obligations			5,581				—				—				5,581
Notes payable to affiliate			—				—				190,000	(8)			190,000
Senior notes and debentures			—				—				—				—
Total current liabilities			2,119,522				(316,072	)			229,479				2,032,929
Deferred revenue			14,951				—				—				14,951
Program rights obligations			314,021				—				—				314,021
Liabilities under derivative contracts			227,808				—				—				227,808
Other liabilities			414,987				(134,279	)			(2,100)	(3)			280,008
											(3,300)	(4)
											4,700	(5)
Deferred tax liability			418,247				—				(418,247)	(7)			—
Bank debt			5,031,250				—				—				5,031,250
Collateralized indebtedness			157,864				—				—				157,864
Capital lease obligations			52,267				—				—				52,267
Senior notes and debentures			6,246,689				—				—				6,246,689
Senior subordinated notes			323,754				—				—				323,754
Total liabilities			15,321,360				(450,351	)			(189,468	)			14,681,541
Commitments and contingencies
Redeemable noncontrolling interests			11,371				—				—				11,371
Total deficiency			(5,204,733	)			(1,557,468	)			2,100	(3)			(6,288,170	)
											600	(4)
											(12,000)	(5)
											1,400	(6)
											481,931	(7)
			(5,204,733	)			(1,557,468	)			474,031				(6,288,170	)
		$	10,127,998			$	(2,007,819	)		$	284,563			$	8,404,742

See Note A of Notes to Unaudited Pro Forma Condensed Consolidated Balance Sheets.

CSC HOLDINGS, LLC
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET
SEPTEMBER 30, 2009
(Unaudited)

						Distribution of				Other
		Historical				MSG, Inc. (1)				Adjustments				Pro forma
ASSETS
Current Assets:
Cash and cash equivalents		$	296,141			$	(72,667	)		$	(2,700)	(4)		$	220,774
Restricted cash			13,769				(13,769	)			—				—
Accounts receivable, trade (less allowance for doubtful accounts)			557,679				(95,925	)			—				461,754
Prepaid expenses and other current assets			221,708				(85,630	)			—				136,078
Program rights, net			183,196				(3,590	)			—				179,606
Deferred tax asset			386,904				—				(4,523)	(7)			382,381
Advances to affiliates			528,271				(20,639	)			33,579	(2)			541,211
Investment securities pledged as collateral			181,378				—				—				181,378
Derivative contracts			68,037				—				—				68,037
Total current assets			2,437,083				(292,220	)			26,356				2,171,219
Property, plant and equipment, net of accumulated depreciation			3,324,566				(330,725	)			—				2,993,841
Notes and other receivables			36,715				(200,858	)			190,000	(8)			25,857
Investment securities pledged as collateral			181,378				—				—				181,378
Derivative contracts			3,136				—				—				3,136
Other assets			125,483				(73,975	)			—				51,508
Program rights, net			498,082				(3,471	)			—				494,611
Deferred carriage fees, net			101,190				(4,274	)			—				96,916
Affiliation, broadcast and other agreements, net of accumulated amortization			519,954				(85,115	)			—				434,839
Other amortizable intangible assets, net of accumulated amortization			208,029				(67,509	)			—				140,520
Indefinite-lived cable television franchises			731,848				—				—				731,848
Other indefinite-lived intangible assets			251,008				(158,096	)			—				92,912
Goodwill			1,100,702				(742,492	)			—				358,210
Deferred financing and other costs, net of accumulated amortization			142,862				(49,084	)			—				93,778
		$	9,662,036			$	(2,007,819	)		$	216,356			$	7,870,573

See Note A of Notes to Unaudited Pro Forma Condensed Consolidated Balance Sheets.

CSC HOLDINGS, LLC
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET
September 30, 2009
(Unaudited)

						Distribution of				Other
		Historical				MSG, Inc. (1)				Adjustments				Pro forma
LIABILITIES AND TOTAL DEFICIENCY
Current Liabilities:
Current Liabilities:
Accounts payable		$	362,451			$	(4,101	)		$	—			$	358,350
Accrued liabilities			773,629				(133,682	)			7,300	(5)			645,847
											(1,400)	(6)
Accounts payable to affiliates			74				(12,940	)			33,579	(2)			20,713
Deferred revenue			230,294				(163,141	)			—				67,153
Program rights obligations			126,852				(2,208	)			—				124,644
Liabilities under derivative contracts			19,405				—				—				19,405
Bank debt			310,000				—				—				310,000
Collateralized indebtedness			244,161				—				—				244,161
Capital lease obligations			5,581				—				—				5,581
Notes payable to affiliate			—				—				190,000	(8)			190,000
Senior notes and debentures			—				—				—				—
Total current liabilities			2,072,447				(316,072	)			229,479				1,985,854
Deferred revenue			14,951				—				—				14,951
Program rights obligations			314,021				—				—				314,021
Liabilities under derivative contracts			227,808				—				—				227,808
Other liabilities			412,409				(134,279	)			(2,100)	(3)			277,430
											(3,300)	(4)
											4,700	(5)
Deferred tax liability			653,561				—				(486,454)	(7)			167,107
Bank debt			5,031,250				—				—				5,031,250
Collateralized indebtedness			157,864				—				—				157,864
Capital lease obligations			52,267				—				—				52,267
Senior notes and debentures			4,359,279				—				—				4,359,279
Senior subordinated notes			323,754				—				—				323,754
Total liabilities			13,619,611				(450,351	)			(257,675	)			12,911,585
Commitments and contingencies
Redeemable noncontrolling interests			11,371				—				—				11,371
Total deficiency			(3,968,946	)			(1,557,468	)			2,100	(3)			(5,052,383	)
											600	(4)
											(12,000)	(5)
											1,400	(6)
											481,931	(7)
			(3,968,946	)			(1,557,468	)			474,031				(5,052,383	)
		$	9,662,036			$	(2,007,819	)		$	216,356			$	7,870,573

See Note A of Notes to Unaudited Pro Forma Condensed Consolidated Balance Sheets.

Note A — Notes to Unaudited Pro Forma Condensed Consolidated Balance Sheets as of September 30, 2009

(1)		As a result of the Distribution, shares of MSG, Inc. were distributed to Cablevision’s shareholders. This adjustment reflects the elimination of the historical combined assets and liabilities of MSG, Inc. (including intercompany amounts that were historically eliminated in consolidation) from the Company’s consolidated balance sheets as of September 30, 2009.
(2)		The Company had normal recurring intercompany transactions between certain of its consolidated subsidiaries and MSG, Inc. that were historically eliminated in consolidation. As a result of the Distribution, these amounts will no longer be eliminated in consolidation, but rather will be presented as advances to affiliates and accounts payable to affiliates. This adjustment represents the reversal of the historical elimination entry.
(3)		Represents the reduction of the liability recorded in “Other liabilities” and a corresponding reduction to “Total deficiency” for the unrecognized actuarial losses of approximately $2,100 associated with MSG employees who participated in the Cablevision cash balance pension plan, a qualified plan, which will be transferred to MSG, Inc. under a newly created MSG, Inc. cash balance pension plan after the Distribution.
(4)		Represents the combined effect at the time of the Distribution of (a) the transfer of cash, recorded as a reduction to “Cash and cash equivalents” and the reduction of a liability, recorded in “Other liabilities” of approximately $2,700, resulting from the transfer from the Company to MSG, Inc. for MSG, Inc. employees’ participant accounts formerly in the Company’s excess cash balance pension plan, to a newly created MSG, Inc. excess cash balance pension plan and (b) the reduction of an additional liability of $600, recorded in “Other liabilities” and a corresponding reduction to “Total deficiency” for unrecognized actuarial losses associated with these participant accounts.
(5)		Represents at the Distribution date, the assumption of certain accrued liabilities of approximately $12,000, ($7,300 of which was recorded in current “Accrued liabilities” and $4,700 of which was recorded in non-current “Other liabilities”), and the recording of an offsetting deemed capital distribution recorded in “Total deficiency,” resulting from the full assumption of this liability by Cablevision. This liability reflects costs historically allocated to MSG Inc. by the Company for certain Cablevision corporate employees’ participation in certain long-term incentive plans. Subsequent to the Distribution, Cablevision will be solely responsible for the settlement of such amounts.
(6)		Represents the fair value of the obligation held by a subsidiary of the Company prior to the Distribution date (approximately $1,400) which will be assumed by and transferred to MSG, Inc. relating to MSG, Inc. employees who have outstanding Cablevision SARs and which will be recorded as a reduction to “Accrued liabilities” with a corresponding reduction to “Total deficiency.” Subsequent to the Distribution, MSG, Inc. will be solely responsible for settling these obligations upon MSG, Inc. employee SAR exercises.
(7)		Represents the pro forma adjustments made pursuant to the Distribution of the stock of MSG, Inc. to the Company’s shareholders. These adjustments include: (i) elimination of the net deferred tax liability of $491,628 relating to the outside basis difference with regard to the Company’s investment in Madison Square Garden L.P., (ii) the elimination of a deferred tax asset of $4,523 relating to transaction costs incurred by the Company, (iii) a decrease in the net deferred tax liability of $596 to re-measure deferred tax assets and liabilities using a lower estimated combined tax rate as a result of the Distribution and (iv) a decrease of $7,885 in deferred tax assets for certain state tax loss carry forwards to reflect a revised estimate of the apportionment in certain jurisdictions. The pro forma adjustments also include an increase in deferred tax assets of $2,115 resulting from the pro forma adjustments described in Notes 1-6 above.
(8)		A subsidiary of the Company historically had outstanding non-interest bearing advances due to a subsidiary of MSG, Inc. Effective January 28, 2010, the terms of these advances were changed to provide for a maturity date of no later than June 30, 2010 (with prepayment at the Company’s option) and for the payment of cash interest at a fixed rate equal to the prime rate on that date (3.25%). The pro forma information does not include any adjustments for interest expense on these advances.

CABLEVISION SYSTEMS CORPORATION
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2009
(UNAUDITED)

						Distribution of				Other
		Historical				MSG, Inc. (1)				Adjustments				Pro forma
Revenues, net		$	5,628,312			$	(650,418	)		$	101,820	(2)		$	5,079,714
Operating expenses:
Technical and operating (excluding depreciation, amortization and impairments shown below)			2,390,225				(400,826	)			99,035	(2)			2,088,434
Selling, general and administrative			1,395,777				(200,210	)			2,785	(2)			1,211,457
											24,232	(3)
											(11,127)	(4)
Restructuring charges			5,690				—				—				5,690
Depreciation and amortization (including impairments)			818,935				(45,973	)			—				772,962
			4,610,627				(647,009	)			114,925				4,078,543
Operating income			1,017,685				(3,409	)			(13,105	)			1,001,171
Other income (expense):
Interest expense			(568,222	)			3,032				—				(565,190	)
Interest income			5,487				(2,101	)			—				3,386
Loss on investments, net			(349	)			—				—				(349	)
Loss on equity derivative contracts, net			(1,095	)			—				—				(1,095	)
Loss on interest rate swap contracts, net			(63,975	)			—				—				(63,975	)
Write-off of deferred financing costs			(549	)			—				—				(549	)
Loss on extinguishment of debt			(21,495	)			—				—				(21,495	)
Miscellaneous, net			4,243				(2,000	)			—				2,243
			(645,955	)			(1,069	)			—				(647,024	)
Income (loss) from continuing operations before income taxes			371,730				(4,478	)			(13,105	)			354,147
Income tax benefit (expense)			(165,036	)			888				7,015	(5)			(157,133	)
Income (loss) from continuing operations			206,694				(3,590	)			(6,090	)			197,014
Net loss attributable to noncontrolling interests			491				—				—				491
Income (loss) from continuing operations attributable to Cablevision Systems Corporation shareholders		$	207,185			$	(3,590	)		$	(6,090	)		$	197,505
Pro forma basic income from continuing operations attributable to Cablevision Systems Corporation shareholders		$	0.71											$	0.68
Pro forma diluted income from continuing operations attributable to Cablevision Systems Corporation shareholders		$	0.70											$	0.66
Pro forma basic weighted average common shares (in thousands)			291,418												291,418
Pro forma diluted weighted average common shares (in thousands)			297,418												297,418

See Note B of Notes to Unaudited Pro Forma Condensed Consolidated Statements of Operations.

CABLEVISION SYSTEMS CORPORATION
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2008
(UNAUDITED)

						Distribution of				Other
		Historical				MSG, Inc. (1)				Adjustments				Pro forma
Revenues, net		$	5,186,344			$	(645,400	)		$	99,166	(2)		$	4,640,110
Operating expenses:
Technical and operating (excluding depreciation, amortization and impairments shown below)			2,243,920				(418,054	)			94,453	(2)			1,920,319
Selling, general and administrative			1,288,896				(201,306	)			4,713	(2)			1,115,214
											22,911	(3)
Restructuring credits			(1,247	)			—				—				(1,247	)
Depreciation and amortization (including impairments)			826,155				(49,622	)			—				776,533
			4,357,724				(668,982	)			122,077				3,810,819
Operating income (loss)			828,620				23,582				(22,911	)			829,291
Other income (expense):
Interest expense			(594,750	)			2,193				—				(592,557	)
Interest income			12,023				(4,244	)			—				7,779
Loss on investments, net			(75,811	)			—				—				(75,811	)
Gain on equity derivative contracts, net			62,490				—				—				62,490
Loss on interest rate swap contracts, net			(21,942	)			—				—				(21,942	)
Loss on extinguishment of debt			(2,424	)			—				—				(2,424	)
Miscellaneous, net			1,636				—				—				1,636
			(618,778	)			(2,051	)			—				(620,829	)
Income (loss) from continuing operations before income taxes			209,842				21,531				(22,911	)			208,462
Income tax benefit (expense)			(112,844	)			655				4,226	(5)			(107,963	)
Income (loss) from continuing operations			96,998				22,186				(18,685	)			100,499
Net income attributable to noncontrolling interests			(963	)			—				—				(963	)
Income (loss) from continuing operations attributable to Cablevision Systems Corporation shareholders		$	96,035			$	22,186			$	(18,685	)		$	99,536
Pro forma basic income from continuing operations attributable to Cablevision Systems Corporation shareholders		$	0.33											$	0.34
Pro forma diluted income from continuing operations attributable to Cablevision Systems Corporation shareholders		$	0.33											$	0.34
Pro forma basic weighted average common shares (in thousands)			290,150												290,150
Pro forma diluted weighted average common shares (in thousands)			294,995												294,995

See Note B of Notes to Unaudited Pro Forma Condensed Consolidated Statements of Operations.

CABLEVISION SYSTEMS CORPORATION
UNAUDITED PRO FORMA CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2008
(UNAUDITED)

						Distribution of				Other
		Historical				MSG, Inc. (1)				Adjustments				Pro forma
Revenues, net		$	7,230,116			$	(1,042,958	)		$	132,694	(2)		$	6,319,852
Operating expenses:
Technical and operating (excluding depreciation, amortization and impairments shown below)			3,244,369				(724,466	)			125,928	(2)			2,645,831
Selling, general and administrative			1,739,202				(270,234	)			6,766	(2)			1,504,862
											29,128	(3)
Restructuring charges			49,883				—				—				49,883
Depreciation and amortization (including impairments)			1,507,809				(66,277	)			—				1,441,532
			6,541,263				(1,060,977	)			161,822				5,642,108
Operating income (loss)			688,853				18,019				(29,128	)			677,744
Other income (expense):
Interest expense			(796,930	)			3,274				—				(793,656	)
Interest income			14,056				(5,193	)			—				8,863
Gain on sale of programming and affiliate interests, net			805				—				—				805
Loss on investments, net			(136,414	)			—				—				(136,414	)
Gain on equity derivative contracts, net			118,219				—				—				118,219
Loss on interest rate swap contracts, net			(205,683	)			—				—				(205,683	)
Write-off of deferred financing costs			—				—				—				—
Loss on extinguishment of debt			(2,424	)			—				—				(2,424	)
Miscellaneous, net			1,264				—				—				1,264
			(1,007,107	)			(1,919	)			—				(1,009,026	)
Income (loss) from continuing operations before income taxes			(318,254	)			16,100				(29,128	)			(331,282	)
Income tax benefit (expense)			83,028				(450	)			6,235	(5)			88,813
Income (loss) from continuing operations			(235,226	)			15,650				(22,893	)			(242,469	)
Net loss attributable to noncontrolling interests			8,108				—				—				8,108
Income (loss) from continuing operations attributable to Cablevision Systems Corporation shareholders		$	(227,118	)		$	15,650			$	(22,893	)		$	(234,361	)
Pro forma basic loss from continuing operations attributable to Cablevision Systems Corporation shareholders		$	(0.78	)										$	(0.81	)
Pro forma diluted loss from continuing operations attributable to Cablevision Systems Corporation shareholders		$	(0.78	)										$	(0.81	)
Pro forma basic weighted average common shares (in thousands)			290,286												290,286
Pro forma diluted weighted average common shares (in thousands)			290,286												290,286

See Note B of Notes to Unaudited Pro Forma Consolidated Statements of Operations.

CABLEVISION SYSTEMS CORPORATION
UNAUDITED PRO FORMA CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2007
(UNAUDITED)

						Distribution of				Other
		Historical				MSG, Inc. (1)				Adjustments				Pro forma
Revenues, net		$	6,484,481			$	(1,002,182	)		$	116,136	(2)		$	5,598,435
Operating expenses:
Technical and operating (excluding depreciation, amortization and impairments shown below)			2,891,581				(634,932	)			109,570	(2)			2,366,219
Selling, general and administrative			1,558,728				(243,196	)			6,566	(2)			1,353,661
											31,563	(3)
Restructuring charges (credits)			4,733				(221	)			—				4,512
Depreciation and amortization (including impairments)			1,118,888				(62,399	)			—				1,056,489
			5,573,930				(940,748	)			147,699				4,780,881
Operating income (loss)			910,551				(61,434	)			(31,563	)			817,554
Other income (expense):
Interest expense			(940,852	)			3,610				—				(937,242	)
Interest income			40,154				(15,217	)			—				24,937
Equity in net income of affiliate interests			4,377				90				—				4,467
Gain on sale of programming and affiliate interests, net			183,286				—				—				183,286
Gain (loss) on investments, net			(214,257	)			910				—				(213,347	)
Gain on equity derivative contracts, net			214,712				—				—				214,712
Loss on interest rate swap contracts, net			(76,568	)			—				—				(76,568	)
Write-off of deferred financing costs			(2,919	)			—				—				(2,919	)
Loss on extinguishment of debt			(19,113	)			—				—				(19,113	)
Miscellaneous, net			2,636								—				2,636
			(808,544	)			(10,607	)			—				(819,151	)
Income (loss) from continuing operations before income taxes			102,007				(72,041	)			(31,563	)			(1,597	)
Income tax benefit (expense)			(78,967	)			(1,482	)			49,688	(5)			(30,761	)
Income (loss) from continuing operations			23,040				(73,523	)			18,125				(32,358	)
Net loss attributable to noncontrolling interests			321				—				—				321
Income (loss) from continuing operations attributable to Cablevision Systems Corporation shareholders		$	23,361			$	(73,523	)		$	18,125			$	(32,037	)
Pro forma basic income (loss) from continuing operations attributable to Cablevision Systems Corporation shareholders		$	0.08											$	(0.11	)
Pro forma diluted income (loss) from continuing operations attributable to Cablevision Systems Corporation shareholders			0.08											$	(0.11	)
Pro forma basic weighted average common shares (in thousands)			288,271												288,271
Pro forma diluted weighted average common shares (in thousands)			294,604												288,271

See Note B of Notes to Unaudited Pro Forma Consolidated Statements of Operations.

CABLEVISION SYSTEMS CORPORATION
UNAUDITED PRO FORMA CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2006
(UNAUDITED)

						Distribution of				Other
		Historical				MSG, Inc. (1)				Adjustments				Pro forma
Revenues, net		$	5,828,493			$	(905,196	)		$	101,756	(2)		$	5,025,053
Operating expenses:
Technical and operating (excluding depreciation, amortization and impairments shown below)			2,652,030				(636,914	)			99,732	(2)			2,114,848
Selling, general and administrative			1,471,348				(222,962	)			2,024	(2)			1,283,817
											33,407	(3)
Restructuring credits			(3,484	)			(143	)			—				(3,627	)
Depreciation and amortization (including impairments)			1,119,829				(65,171	)			—				1,054,658
			5,239,723				(925,190	)			135,163				4,449,696
Operating income (loss)			588,770				19,994				(33,407	)			575,357
Other income (expense):
Interest expense			(928,202	)			5,019				—				(923,183	)
Interest income			36,528				(11,231	)			—				25,297
Equity in net income of affiliate interests			6,698				—				—				6,698
Gain on investments, net			290,052				250				—				290,302
Loss on equity derivative contracts, net			(214,352	)			—				—				(214,352	)
Loss on interest rate swap contracts, net			(39,360	)			—				—				(39,360	)
Write-off of deferred financing costs			(14,083	)			—				—				(14,083	)
Loss on extinguishment of debt			(13,125	)			—				—				(13,125	)
Miscellaneous, net			2,845				—				—				2,845
			(872,999	)			(5,962	)			—				(878,961	)
Income (loss) from continuing operations before income taxes			(284,229	)			14,032				(33,407	)			(303,604	)
Income tax benefit			140,512				1,530				6,140	(5)			148,182
Income (loss) from continuing operations			(143,717	)			15,562				(27,267	)			(155,422	)
Net loss attributable to noncontrolling interests			1,614				—				—				1,614
Income (loss) from continuing operations attributable to Cablevision Systems Corporation shareholders		$	(142,103	)		$	15,562			$	(27,267	)		$	(153,808	)
Pro forma basic loss from continuing operations attributable to Cablevision Systems Corporation shareholders		$	(0.50	)										$	(0.54	)
Pro forma diluted loss from continuing operations attributable to Cablevision Systems Corporation shareholders		$	(0.50	)										$	(0.54	)
Pro forma basic weighted average common shares (in thousands)			283,627												283,627
Pro forma diluted weighted average common shares (in thousands)			283,627												283,627

See Note B of Notes to Unaudited Pro Forma Consolidated Statements of Operations.

CSC HOLDINGS, LLC
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2009
(UNAUDITED)

						Distribution of				Other
		Historical				MSG, Inc. (1)				Adjustments				Pro forma
Revenues, net		$	5,628,312			$	(650,418	)		$	101,820	(2)		$	5,079,714
Operating expenses:
Technical and operating (excluding depreciation, amortization and impairments shown below)			2,390,225				(400,826	)			99,035	(2)			2,088,434
Selling, general and administrative			1,395,777				(200,210	)			2,785	(2)			1,211,457
											24,232	(3)
											(11,127)	(4)
Restructuring charges			5,690				—				—				5,690
Depreciation and amortization (including impairments)			818,935				(45,973	)			—				772,962
			4,610,627				(647,009	)			114,925				4,078,543
Operating income (loss)			1,017,685				(3,409	)			(13,105	)			1,001,171
Other income (expense):
Interest expense			(494,867	)			3,032				—				(491,835	)
Interest income			52,357				(2,101	)			—				50,256
Loss on investments, net			(349	)			—				—				(349	)
Loss on equity derivative contracts, net			(1,095	)			—				—				(1,095	)
Loss on interest rate swap contracts, net			(63,975	)			—				—				(63,975	)
Write-off of deferred financing costs			(477	)			—				—				(477	)
Loss on extinguishment of debt			(20,980	)			—				—				(20,980	)
Miscellaneous, net			4,243				(2,000	)			—				2,243
			(525,143	)			(1,069	)			—				(526,212	)
Income (loss) from continuing operations before income taxes			492,542				(4,478	)			(13,105	)			474,959
Income tax benefit (expense)			(212,488	)			888				7,057	(5)			(204,543	)
Income (loss) from continuing operations			280,054				(3,590	)			(6,048	)			270,416
Net loss attributable to noncontrolling interests			491				—				—				491
Income (loss) from continuing operations attributable to CSC Holdings, LLC sole member		$	280,545			$	(3,590	)		$	(6,048	)		$	270,907