Statement from Rebecca Campbell, President and General Manager, WABC-TV, Regarding Current Status of Negotiations with Cablevision:

NEW YORK, March 7 /PRNewswire/ -- "We've made significant progress, and have reached an agreement in principle that recognizes the fair value of ABC7, with deal points that we expect to finalize with Cablevision. Given this movement, we're pleased to announce that ABC7 will return to Cablevision households while we work to complete our negotiations."

About WABC

WABC-TV, Channel 7, the most watched local television station in the United States, serves more than 7.4 million television households in 29 counties covering New York, New Jersey, Connecticut and Pennsylvania. For more than 60 years, ABC7 has consistently been the leader in local news and local and national entertainment programming.

SOURCE WABC-TV