SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
Cablevision Systems Corporation
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(Name of Issuer)
Class A Common Stock, Par Value $.01 Per Share
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(Title of Class of Securities)
12686C 10 9
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(CUSIP Number)
Marilyn J. Wasser
Vice President - Law and Secretary
AT&T Corp.
295 North Maple Avenue
Basking Ridge, NJ 07920
(908) 221-2000
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
April 5, 2001
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
/__/.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
SCHEDULE 13D
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CUSIP No. 12686C 10 9 Page 2 of ___ Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
AT&T Corp.
I.R.S. Identification No. 13-4924710
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /__/
(b) /__/
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3 SEC USE ONLY
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4 SOURCE OF FUNDS WC, OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION New York
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7 SOLE VOTING POWER 48,942,172
NUMBER OF ------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER BENEFICIALLY
BENEFICIALLY -0-
OWNED BY ------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 48,942,172*
PERSON ------------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
48,942,172
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES /__/
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
45.2%**
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14 TYPE OF REPORTING PERSON
C0
* Subject to the Stockholders Agreement (See Item 6 hereof).
** Each share of the Issuer's Class B Common Stock is entitled to 10 votes per
share and each share of Class A Common Stock is entitled to one vote per share.
Holders of Class B Common Stock and Class A Common Stock vote together as a
single class, except for the election of directors. With respect to the election
of directors and subject to certain conditions, holders of Class A Common Stock
vote as a separate class and are entitled to elect 25% of the total number of
directors constituting the whole board. For all other issues, when the classes
of stock are aggregated, the Reporting Person may be deemed to beneficially own
voting equity securities of the Issuer representing approximately 9.1% of the
voting power of the Issuer (See Items 1 and 5).
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CUSIP No. 12686C 10 9 Page 3 of ___ Pages
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Item 1. Security and Issuer.
This Amendment 2 relates to the Class A Common Stock, par value of
$.01 per share (the "Common Stock"), of Cablevision Systems Corporation, a
Delaware corporation (the "Issuer"), One Media Crossways, Woodbury, NY 11797.
This Amendment amends the Schedule 13D Statement (the "Schedule 13D") of AT&T
Corp., a New York corporation ("AT&T") relating to the Issuer filed on March 19,
1999, as amended by Amendment 1 filed on December 15, 2000. Capitalized terms
used herein and not defined have the meanings ascribed to them in the Schedule
13D as previously amended.
Item 4. Purpose of Transaction.
Item 4 is hereby amended by replacing the last paragraph thereof with
the following:
AT&T is also evaluating a direct or indirect disposition of all or a
portion of its shares in the Issuer even if not required in order to
comply with the FCC MediaOne Order. In connection with such
evaluation, AT&T delivered a demand request to the Issuer on April 5,
2001 pursuant to Annex A to the Stockholders Agreement to register 30
million shares of Common Stock. Any disposition would be dependent on
market conditions, AT&T's own business opportunities and liquidity
goals and other factors as well as the other factors listed in the
preceding paragraphs and there can be no assurance that any
disposition will occur or as to the timing, terms or structure
thereof.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: April 9, 2001
AT&T CORP.
By: /s/ Robert S. Feit
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Name: Robert S. Feit
Title: Authorized Signatory