CABLEVISION SYSTEMS CORP
SC 13G/A, 1998-02-17
CABLE & OTHER PAY TELEVISION SERVICES
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<PAGE>   1

                       SECURITIES AND EXCHANGE COMMISSION


                             WASHINGTON, D.C. 20549


                                  SCHEDULE 13G


                    UNDER THE SECURITIES EXCHANGE ACT OF 1934

                               (AMENDMENT NO. 6)*

                         Cablevision Systems Corporation
                                (Name of Issuer)


                 Class A Common Stock, par value $.01 per share
                         (Title of Class of Securities)


                                   12686C-10-9
                                 (CUSIP Number)



         *The remainder of this cover page shall be filled out for a reporting
         person's initial filing on this form with respect to the subject class
         of securities, and for any subsequent amendment containing information
         which would alter the disclosure provided in a prior cover page.

         The information required in 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
         the section of the Act but shall be subject to all other provisions of
         the Act (however, see the Notes).


                                  Page 1 of 9
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CUSIP No.  12686C-10-9                                  13G


1.       Names of Reporting Persons         Helen A. Dolan
         or I.R.S. Identifica-              SS:  ###-##-####
         tion Nos. of Above Persons
         -----------------------------------------------------------------------

2.       Check the Appropriate Box          (a)
         if a Member of a Group             (b)
         -----------------------------------------------------------------------

3.       S.E.C. Use Only
         -----------------------------------------------------------------------

4.       Citizenship or Place of            U.S.A.
         Organization
         -----------------------------------------------------------------------

Number of Shares                            (5) Sole Voting Power
Beneficially                                                                   0
Owned by Each Reporting                   --------------------------------------
Person With             
                                            (6) Shared Voting Power
                                                                       1,454,830
                                          --------------------------------------

                                            (7) Sole Dispositive
                                                Power                          0
                                          --------------------------------------

                                            (8) Shared Dispositive
                                                Power                  1,454,830
                                          --------------------------------------

9.       Aggregate Amount Beneficially
         Owned by Each Reporting Person                                1,454,830
         -----------------------------------------------------------------------

10.      Check if the Aggregate Amount
         in Row (9) Excludes Certain
         Shares
         -----------------------------------------------------------------------

11.      Percent of Class Represented
         by Amount in Row 9                                                 9.6%
         -----------------------------------------------------------------------

12.      Type of Reporting Person
                                                                              IN
         -----------------------------------------------------------------------



                                  Page 2 of 9
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CUSIP No.  12686C-10-9                                  13G


              CONTINUATION PAGES OF AMENDMENT NO. 6 TO SCHEDULE 13G
                                    FILED BY
                                 HELEN A. DOLAN

Item 1(a)         Name of Issuer:

                  Cablevision Systems Corporation

Item 1(b)         Address of Issuer's Principal Executive Offices:

                  One Media Crossways
                  Woodbury, New York 11797

Item 2(a)         Name of Person Filing:

                  Helen A. Dolan

Item 2(b)         Address of Principal Business Office:

                  Cove Neck Road
                  Oyster Bay, New York 11771

Item 2(c)         Citizenship:

                  U.S.A.

Item 2(d)         Title of Class of Securities:

                  Class A Common Stock

Item 2(e)         CUSIP Number:

                  12686C-10-9

Item3.            If this statement is filed pursuant to Rules 13d-1(b), or
                  13d-2(b), check whether the person filing is a:

                  Not Applicable.


                                  Page 3 of 9
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CUSIP No.  12686C-10-9                                  13G


Item 4.  Ownership

                  (a)      Amount Beneficially Owned

                           1,454,830 (as of December 31, 1997)

                  (b)      Percent of Class:

                           9.6% (as of December 31, 1997)

                  (c)      Number of shares as to which such person has:

                           (i)     sole power to vote or to direct the vote: 0

                           (ii)    shared power to vote or to direct the vote:
                                   1,454,830

                           (iii)   sole power to dispose or to direct the
                                   disposition of: 0

                           (iv)    shared power to dispose or to direct the dis-
                                   position of: 1,454,830

         On June 6, 1997, Cablevision Systems Corporation, a Delaware
corporation ("Issuer"), entered into a Contribution and Merger Agreement (as
amended and restated, the "Contribution and Merger Agreement"), with TCI
Communications, Inc., a Delaware corporation and the principal cable television
subsidiary of Tele-Communications, Inc. ("TCI Communications"), CSC Parent
Corporation, a Delaware corporation wholly-owned by Issuer ("Parent"), and CSC
Merger Corporation, a Delaware corporation wholly-owned by Parent ("Merger
Sub"). The Contribution and Merger Agreement provides for the merger of Merger
Sub with and into Issuer, with Issuer as the surviving corporation, and the
conversion in the merger of outstanding shares of Issuer's common stock into
like shares of common stock of Parent and for the contribution by or on behalf
of TCI Communications of corporations (the "Contributed Entities") owning, or
assets constituting, specified cable television systems in exchange for shares 
of Class A Common Stock of Parent. Issuer's Series I Preferred Shares will 
become convertible into Series A Common Stock of Parent. Following the closing 
(the "Closing") of the transactions contemplated by the Contribution and Merger 
Agreement, Parent


                               Page 4 of 9
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CUSIP No.  12686C-10-9                                  13G


will be renamed Cablevision Systems Corporation. As a result of the transactions
contemplated by the Contribution and Merger Agreement, existing common 
shareholders of Issuer will become common shareholders of Parent, which will be
a new publicly traded company that will own Issuer and, separately, the
Contributed Entities.

         Shareholders of Issuer having a majority of Issuer's voting power have
agreed with TCI Communications in a voting agreement (the "Voting Agreement")
that they will vote to approve the adoption of the Contribution and Merger
Agreement and the issuance of Parent shares to TCI Communications and against
any matter that would compete with or interfere with such adoption and issuance.
The parties to the Voting Agreement are: Parent, Tele-Communications, Inc.,
Issuer, Charles F. Dolan, Charles F. Dolan 1997 Grantor Retained Annuity Trust,
Dolan Descendants Trust, Dolan Progeny Trust, Dolan Grandchildren Trust, Dolan
Spouse Trust, DC Kathleen Trust, DC Deborah Trust, DC Marianne Trust, DC Patrick
Trust, DC Thomas Trust, DC James Trust, CFD Trust No. 1, CFD Trust No. 2, CFD
Trust No. 3, CFD Trust No. 4, CFD Trust No. 5, CFD Trust No. 6, and CFD Trust
No. 10.

         The Contribution and Merger Agreement provides that at the Closing,
Parent, Tele-Communications, Inc., a Delaware corporation and owner of TCI
Communications ("TCI"), and certain holders of Parent's Class B Common Stock
(the "Class B Stockholders") will enter into a Stockholders Agreement (the
"Stockholders Agreement") providing, among other things for: (i) limitations on
TCI's ability to purchase and sell Class A Common Stock, (ii) consultation
rights between Parent, TCI and the Class B Stockholders regarding sales of
Parent or significant Parent assets, sales of Class A Common Stock owned by TCI
and sales of Class B Common Stock owned by the Class B Stockholders, (iii) TCI's
right to designate two Class B directors, (iv) the right of TCI director
designees to membership on a Parent Board committee to approve certain
transactions with Class B Stockholders and their family members that will give
such designees a veto over such transactions, and (v) TCI's agreement to vote in
proportion with the public Parent Class A stockholders for the election of the
25% of Parent directors which the Parent Class A Common Stock is entitled to
elect. The Class B Stockholders are: Charles F. Dolan, CFD 1997 Grantor Retained
Annuity Trust, Dolan Descendants Trust, Dolan Progeny Trust, Dolan Grandchildren
Trust, Dolan Spouse Trust, DC Kathleen Trust, DC Deborah Trust, DC Marianne
Trust, DC Patrick Trust, DC


                                   Page 5 of 9
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CUSIP No.  12686C-10-9                                  13G


Thomas Trust, DC James Trust, CFD Trust No. 1, CFD Trust No. 2, CFD Trust No. 3,
CFD Trust No. 4, CFD Trust No. 5, CFD Trust No. 6, and CFD Trust No. 10.

Item 5.           Ownership of Five Percent or Less of a Class

                  Not Applicable.

Item 6.           Ownership of More than Five Percent on Behalf of Another
                  Person.

                  See Exhibit A.

Item 7.           Identification and Classification of the Subsidiary Which
                  Acquired the Security Being Reported on By the Parent
                  Holding Company.

                  Not applicable.

Item 8.           Identification and Classification of Members of the Group.

                  Not applicable.

Item 9.           Notice of Dissolution of Group.

                  Not applicable.

Item 10.          Certification.

                  Not applicable because the statement is filed pursuant to Rule
                  13d-1(c).


                                  Page 6 of 9
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CUSIP No.  12686C-10-9                                  13G


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.

Date:  February  12, 1998



                                    Signature:     /s/ Helen A. Dolan
                                                   By William A. Frewin, Jr., as
                                                   attorney-in-fact
                                                   -------------------------

                                    Name/Title:    Helen A. Dolan
                                                   By William A. Frewin, Jr., as
                                                   attorney-in-fact


                                  Page 7 of 9

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CUSIP No.  12686C-10-9                                  13G


                                    Exhibit A

         The Dolan Family Foundation, a New York not for profit corporation (the
"Foundation"), as of December 31, 1997, owned 209,830 shares of Class A Common
Stock, par value $.01 per share (the "Class A Common Stock"), par value $.01 per
share (the "Class A Common Stock"), of Cablevision Systems Corporation, a
Delaware corporation (the "Issuer"). The Foundation is organized as a Membership
Corporation. The sole members, with lifetime terms, of the Foundation are Helen
A. Dolan ("Mrs. Dolan") and her husband, Charles F. Dolan ("Mr. Dolan"). Mrs.
Dolan does not have an economic interest in such shares, but as a member with
her husband, does have the power to elect the directors of the Foundation and
thus the indirect power to vote and dispose of such shares. Under certain rules
of the Securities and Exchange Commission, so long as Mrs. Dolan retains such
powers, she is deemed to have beneficial ownership thereof.

         As of December 31, 1997, the Charles F. Dolan 1997 Grantor Retained
Annuity Trust (the "Trust") owned 1,240,000 shares of Class B Common Stock, par
value $.01 per share (the "Class B Common Stock) of the Issuer. The Class B
Common Stock of the Issuer is convertible at the option of the holder share for
share into Class A Common Stock of the Issuer. The Trust was established on
April 30, 1997 by Mr. Dolan for estate planning purposes. For three years or
until the earlier death of Mr. Dolan, the Trust will pay to Mr. Dolan a certain
percentage of the fair market value of the property initially contributed to the
Trust (the "Annuity"). If Mr. Dolan dies during such three-year term and is
survived by Mrs. Dolan, the remaining portion of the Annuity will paid to Mrs.
Dolan until the earlier of her death or the date three years from Mr. Dolan's
death, provided that Mr. Dolan may revoke Mrs. Dolan's right to receive such
payments. If Mr. Dolan is living at the expiration of the term of the Trust, the
remainder will pass into another trust for the benefit of Mrs. Dolan and all
descendants of Charles F. Dolan living at any time and from time to time. If Mr.
Dolan is not living at the expiration of the term of the Trust, the then
principal of the Trust will revert to his estate. The two co-trustees of the
Trust are Mr. Dolan and Mrs. Dolan, who have the shared power to vote and
dispose of the Trust's shares. Under certain rules of the Securities and
Exchange Commission, so long as Mrs. Dolan retains such powers, she is deemed to
have beneficial ownership thereof.


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CUSIP No.  12686C-10-9                                  13G


         Mrs. Dolan, as of December 31, 1997, owned directly 5,000 shares of
Class A Common Stock. Although Mrs. Dolan retains all economic interest in such
shares, Mr. Dolan may be deemed a beneficial owner thereof.


                                  Page 9 of 9


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