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

Jim Gerace

Kim Kerns
Cablevision Systems Corporation