SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Cablevision Systems Corporation Regarding Possible Breaches of Fiduciary Duty

NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces that it is investigating Cablevision Systems Corporation (NYSE:CVC) concerning potential claims of breaches of fiduciary duty by its Board of Directors in connection with the compensation paid to Charles F. Dolan and James L. Dolan.

In particular, for years 2010-2012, Cablevision has paid Charles Dolan approximately $40.27 million and James Dolan $41.18 million – far in excess of what comparable companies have paid their executives. At the same time, while the Dolan’s own less than 25% of the Company’s stock, they possess a majority of Cablevision’s voting power and the vast majority of the Cablevision Board of Directors consists of Dolan family members. Furthermore, neither of the Dolans count their Cablevision position as a full time occupation: Charles serves as an Executive Chairman of AMC Networks Inc., while James is the Executive Chairman of The Madison Square Garden Company and also performs as the lead singer of a band that played approximately forty shows in thirty-six cities in 2013 alone. To obtain additional information, go to:

http://zlk.9nl.com/cablevision

or contact Joseph E. Levi, Esq. either via email at [e-mail] or by telephone at [phone], toll-free: [phone].

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.