Cablevision Sets MSG Rebate

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Cablevision Systems Corp. said it will dole out $17.4 million in rebates to
Madison Square Garden Network subscribers to compensate them for the loss of New
York Yankees Major League Baseball games, which are now carried on Yankees
Entertainment & Sports Network.

Cablevision said it will refund more than $1.4 million per month to MSGN
subscribers, adding that each subscriber will get a credit of at least 55 cents
per month on their bills.

The monthly rebates, retroactive to January, will run for one
year.

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