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Long Island Cable’s class A partners, their percentage
interests, and their capital contributions were as follows:
Partner Percentage Capital Contributed
Charles F. Dolan 60 $100,000
Steven Miller 25 40,000
Peter Strauss 15 25,000
Total 100 165,000
Id. at 7.
Long Island Cable’s partnership agreement provided that OBA
(the class B partner) agreed to contribute or secure additional
partners to contribute all additional cash required to advance
the business of Long Island Cable. Id. at 2. The Long Island
Cable partnership agreement also provided that the profits and
losses of Long Island Cable were to be shared by the class A
partners in their respective partnership percentage interests
until January 1, 1977, or the first date the class B partner,
OBA, was called upon to contribute capital to Long Island Cable,
whichever date occurred earlier, and thereafter the profits and
losses were to be shared seven-eighths by the class A partners
and one-eighth by the class B partner, OBA. Id. at 2-3.
On January 25, 1974, a New York limited partnership, Long
Island Cable Communications Development Co. (LICCDC), was formed.
Statland Exh. 3A. LICCDC’s general partners were Communications
Development Long Island Corp., a New York corporation (CDLIC),
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