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Cablevision posts loss, stock falls

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Cablevision Systems Corp. posted a quarterly loss for the first time in three-plus years ($3.8 million, or 1 cent per share) as programming expenses rose and it booked debt-refinancing charges. The company is struggling with Superstorm Sandy’s aftermath; more than 500,000 of its customers have no power. Last year, it booked a charge of $16 million for Hurricane Irene damage.

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