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: FORM 3 : : OMB APPROVAL :
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:OMB NUMBER 3235-0104:
:EXPIRES: September 30, 1998:
:ESTIMATED AVERAGE BURDEN :
:HOURS PER RESPONSE.... 0.5 :
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
(Print or Type Responses)
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1. Name and Address of Reporting Person*
Cablevision System Corporation
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(Last) (First) (Middle)
One Media Crossways
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(Street)
Woodbury, New York 11797
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
08/12/1998
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Clearview Cinema Group, Inc. (the "Issuer") - CLV
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5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director __X_ 10% Owner
_____ Officer (give title below) ____ Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
N/A
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7. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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<PAGE>
TABLE I-NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
<TABLE>
<CAPTION>
1.Title of Security 2.Amount of Securities 3. Ownership Form: 4. Nature of Indirect Beneficial Ownership
(Instr. 4) Benefically Owneed Direct (D) or (Instr. 5)
(Instr. 4) Indirect (I)
(Instr. 5)
- ------------------- ------------------------ --------------------- --------------------------------------------
<S> <C> <C> <C>
Common Stock, par value 0 (See Explanation of N/A N/A
$.01 per share Responses below)
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<FN>
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
* If the form is filed by more than one reporting person, see Instruction 5(b)(v)
</FN>
</TABLE>
<PAGE>
FORM 3 (continued)
TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
1. Title of Derivative Security (Instr. 4)
N/A
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2. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable Expiration Date
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N/A
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3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)
Title Amount or Number of Shares
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N/A
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4. Conversion or Exercise Price of Derivative Security
N/A
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5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
N/A
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6. Nature of Indirect Beneficial Ownership (Instr. 4)
N/A
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Explanation of Responses:
Pursuant to a Stockholders Agreement, dated August 12, 1998, between
Cablevision Systems Corporation ("Cablevision") and certain stockholders of
the Issuer, stockholders of the Issuer beneficially owning in the aggregate
a majority of the votes that could be cast at a meeting of the Issuer's
stockholders by the holders of the outstanding voting securities of the
Issuer at a meeting of the Issuer's stockholders have agreed to vote in
favor of the adoption of the Merger Agreement, dated August 12, 1998, among
Cablevision, CCG Holdings Inc., a wholly owned subsidiary of Cablevision
("Merger Sub") and the Issuer. Upon the terms and subject to the conditions
of the Merger Agreement, the Issuer will merge with Merger Sub and the
surviving corporation in the Merger will become a wholly owned subsidiary of
Cablevision.
Cablevision Systems Corporation
/s/ Robert S. Lemle 8/21/98
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**Signature of Reporting Person Date
Name: Robert S. Lemle
Title: Executive Vice President
General Counsel and Secretary
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, See Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
Page 2
SEC 1473 (7-96)
