RELEASE: Verizon inks FiOS TV content deal with Rainbow Media

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Verizon and Rainbow Media Holdings Sign Programming Deal
Thursday November 16, 12:30 pm ET
More Regional Sports and National Entertainment Networks Will Be Available for the First Time to FiOS TV Subscribers

NEW YORK, Nov. 16 -- Verizon today announced a multiyear agreement with Rainbow Media Holdings that will make Rainbow's popular sports and entertainment programming available for the first time to Verizon FiOS TV subscribers.

The agreement includes distribution rights for MSG Network, FSN New York, FSN New England and for FSN New England's high-definition programming. Verizon will also carry Rainbow's national networks -- AMC, WE tv, IFC and fuse, along with its original on-demand networks, Mag Rack and sportskool.

"Our customers in New York and New England will now be able to watch these regional sports networks on Verizon FiOS TV," said Terry Denson, vice president of FiOS TV content strategy and acquisition. "In addition, FiOS TV customers everywhere will be able to enjoy the movies, lifestyle programming and other entertainment available on Rainbow's networks."

Said Robert Broussard, president, Rainbow national sales, "We are pleased to have completed a comprehensive agreement with Verizon, which includes the rights to carry our popular national networks, our award-winning regional sports services and our innovative VOD services. Rainbow's channels offer a rich portfolio of targeted content, including Hollywood and independent movies, original programming, music and popular regional sports."

About Rainbow Media Holdings

Rainbow Media Holdings LLC is a subsidiary of Cablevision Systems Corporation (NYSE: CVC - News). Rainbow Media creates and manages some of the country's most compelling and dynamic entertainment brands including popular national and regional television channels AMC, fuse, The Independent Film Channel (IFC), WE tv, and two FSN affiliated regional sports networks managed by Rainbow Sports Networks. The company also manages Mag Rack and sportskool, two original on-demand networks; VOOM HD Networks, the largest and most diverse suite of high definition channels available anywhere; IFC Entertainment, its film distribution, production and exhibition division; Rainbow Advertising Sales Corporation, its advertising sales division; and Rainbow Network Communications, its full service network programming origination and distribution company.

About Verizon Communications

Verizon Communications Inc. (NYSE: VZ - News), a Dow 30 company, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving nearly 57 million customers nationwide. Verizon Business operates one of the most expansive wholly-owned global IP networks. Verizon Telecom is deploying the nation's most advanced fiber-optic network to deliver the benefits of converged communications, information and entertainment services to customers. Based in New York, Verizon has a diverse workforce of approximately 250,000 and generates annual consolidated operating revenues of approximately $90 billion. For more information, visit www.verizon.com.

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