News Release

Verizon Wireless To Purchase From Northcoast Communications Spectrum Licenses Covering 50 U.S. Markets

Licenses Include Major Contiguous Northeast Cities; Providing Verizon Wireless With Room for Growth in Demand for Voice, Data Services Sale of Licenses Reflects Cablevision's Ongoing Effort to Maximize Value of Non-Core Assets

December 18, 2002

Brian Wood
brian.wood@verizonwireless.com
908-306-7901

Jim Gerace
james.gerace@verizonwireless.com
908-306-7508

Kim Kerns
Cablevision Systems Corporation
516-803-2351