It was one dollar too much for Cablevision Systems Corp (CVC.N). The cable company is planning to pull out of the auction process for the New York Daily News after spending hundreds of hours analyzing a potential deal, according to a person familiar with the matter. Cablevision had bid just $1 for the tabloid newspaper in March, Reuters reported at the time. Cablevision, which owns the Long Island, N.Y.-based newspaper Newsday, could not justify paying even $1 for New York Daily News because of its poor financial condition and prospects, the person said.