Arthur Minson Named Rainbow Senior Vice President For Finance

Jericho, NY – April 3, 2001 – Rainbow Media Holdings, Inc. announced today the promotion of Arthur Minson to senior vice president for finance. In this role, Mr. Minson will oversee all of the company’s financial and strategic planning, and will report to Rainbow COO Hank Ratner who announced the appointment.

“Rainbow is experiencing significant growth, with the launch of the RMG Tracking Stock, our new relationship with MGM, and the extension of our brands across digital platforms,” said Ratner. “With his experience, leadership ability and business savvy, Artie will play a key role in charting our growth and maximizing these opportunities. We are confident that he will be a driving force for Rainbow’s future success.”

Since joining the company last year as vice president of business operations, Mr. Minson has played a central role in key company initiatives, including new media planning and development, strategic planning for Rainbow’s developing businesses, the MGM transaction, and preparation for the RMG tracking stock listing, which occurred on March 30th. In his new position, he will oversee all of the company’s financial and strategic planning, budgeting and forecasting. Additionally, Mr. Minson will work with parent company Cablevision on financial planning, tax, accounting and control issues, as well as on activities associated with the tracking stock, including investor relations, banking issues, and reporting requirements.

Mr. Minson joined Rainbow from Time Warner, Inc., where he most recently was Executive Director of Finance and Business Development for Time Warner Digital Media. In this capacity he oversaw business planning as well as evaluated potential strategic alliances, mergers and acquisitions. Previously, Mr. Minson was Time Warner Inc.’s Director of Special Projects, where he focused on a wide array of corporate finance, accounting, business planning, investor relations and mergers and acquisitions activity. Prior to working for Time Warner, he was a Manager of Mergers and Acquisitions and Audit Services for Ernst & Young, LLP. Mr. Minson, who resides in Garden City, New York, is a member of the American Institute of Certified Public Accountants and the New York State Society of Certified Public Accountants. He graduated from Columbia’s Business School with an MBA in Finance and from Georgetown University with a degree in accounting.

About Rainbow Media Holdings, Inc.

Rainbow Media Holdings, Inc., a subsidiary of Cablevision Systems Corporation (CVC:NYSE) and NBC, is at the forefront of innovation in cable programming. Rainbow manages American Movie Classics, We: Women’s Entertainment (formerly Romance Classics), Bravo, The Independent Film Channel, MuchMusic USA, Rainbow Sports, News 12 Networks and MetroChannels as well as the Rainbow Advertising Sales Corporation and Rainbow Network Communications. In addition, Rainbow is a fifty-percent partner in Fox Sports Net.

A new series of Cablevision common stock — Rainbow Media Group tracking stock (NYSE:RMG) — began trading on the NYSE on March 30th. The assets that comprise Rainbow Media Group tracking stock include: American Movie Classics, Bravo, The Independent Film Channel, WE: Women’s Entertainment, MuchMusic USA, Rainbow’s interest in the national service FOX Sports Net, Rainbow’s five regional sports channels outside of the New York market, and Rainbow Network Communications.

Keith Cocozza

(516) 803-5141
Whit Clay
(212) 446-1864