Cablevision Systems

Cablevision financial irregulatories

NEW YORK — Cablevision Systems (CVC) tried to head off a potentially damaging financial scandal Wednesday by disclosing that an internal investigation turned up years of misreported expenses and fabricated invoices at cable channel American Movie Classics.

Although the company says the amounts of cash involved are too small to require a restatement of earnings, it fired AMC president Kate McEnroe and 13 other employees — mostly senior staff. Rainbow Media CEO Josh Sapan, who oversees Cablevision’s programming services, is temporarily in charge