Item 8.01 Other Events

On January 22, 2009, the Securities and Exchange Commission announced that it had entered a Cease-and Desist Order (the "Order") against Cablevision Systems Corporation (the "Company") with respect to the previously disclosed SEC investigations concerning improper expense accruals, primarily at the national programming services of the Company's Rainbow Media segment, and the improper recognition of launch and marketing support payments under affiliation agreements. The Order directs the Company to cease and desist from further violations of the reporting provisions and the books and records and internal accounting controls requirements of the Securities Exchange Act of 1934. The Company consented to the entry of the Order without admitting or denying any of the factual findings in the Order. In 2004, the Company completed the restatement of its financial statements for the period 1999 through 2003 with respect to the matters covered by the Order. There will be no further accounting charge associated with the entry of the Order.

The accounting issues were discovered by the Company and reported by the Company to the SEC. The Company subsequently implemented a number of remedial actions and fully cooperated with the SEC investigation.