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SEC Filings

RENAISSANCE MEDIA GROUP LLC filed this Form S-4 on 06/12/1998
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  Digital satellite service ("DSS") offered by DBS systems currently has
certain advantages over cable systems with respect to programming and digital
quality, as well as disadvantages that include high up-front costs and a lack
of local programming, service and equipment distribution. Presently satellite
program providers are only authorized to provide the signals of television
network stations to subscribers who live in areas where over-the-air reception
of such signals cannot be received. EchoStar recently announced plans to offer
some local television signals in a limited number of markets. Efforts are
underway at the United States Copyright Office and in Congress to ensure that
such offerings are permissible under the Copyright law. Legislation recently
was introduced in Congress which would permit DBS operators to rebroadcast
local television signals upon compliance with certain requirements, including
market-specific must-carry requirements and compliance with programming black-
out obligations. The ability to provide local broadcast signals in DBS program
packages would provide substantial competition to the cable television
industry. The Company cannot predict whether such legislation will be passed,
or the effect that it will have on the Company's business. While DSS presents
a competitive threat, the Company currently has excess channel capacity
available in most of its systems, as well as strong local customer service and
technical support, which will enhance its ability to compete. By selectively
increasing channel capacities of systems to between 78 and 110 channels and
introducing new premium channels, pay-per-view and other services, the Company
will seek to maintain programming parity with DSS and competitive service
price points. The Company will continue to monitor closely the activity level
and the product and service needs of its customer base to counter potential
erosion of its market position or unit growth to DSS.
  Cable television systems also compete with wireless program distribution
services such as MMDS, which uses low power microwave frequencies to transmit
video programming over the air to customers. Additionally, the FCC recently
adopted new regulations allocating frequencies in the 28 GHz band for a new
multichannel wireless video service called Local Multipoint Distribution
Service that is similar to MMDS, and the FCC initiated spectrum auctions for
LMDS licenses in February 1998. Wireless distribution services generally
provide many of the programming services provided by cable systems, and
digital compression technology is likely to increase significantly the channel
capacity of such wireless systems. Because MMDS and LMDS service requires
unobstructed "line of sight" transmission paths, the ability of MMDS systems
to compete may be hampered in some areas by physical terrain and large
buildings. The Company is not aware of any significant MMDS operation
currently within its cable franchise service areas.
  The 1996 Telecom Act makes it easier for local exchange carriers ("LECs")
and others to provide a wide variety of video services competitive with
services provided by cable systems and to provide cable services directly to
subscribers. Other new technologies, including Internet-based services, may
become competitive with services that the Company may offer. See "Legislation
and Regulation." Various LECs currently are providing video programming
services within and outside their telephone service areas through a variety of
distribution methods, including both the deployment of broadband wire
facilities and the use of wireless transmission facilities. LECs also provide
access to interactive online computer services using conventional or
integrated service digital network ("ISDN") modems. Cable television systems
could be placed at a competitive disadvantage if the delivery of video
programming and interactive online computer services by LECs becomes
widespread, since LECs are not required, under certain circumstances, to
obtain local franchises to deliver such services or to comply with the variety
of obligations imposed upon cable television systems under such franchises.
Issues of cross-subsidization by LECs of video and telephony services also
pose strategic disadvantages for cable operators seeking to compete with LECs
that provide video services. The Company cannot predict the likelihood of
success of video service ventures by LECs or the impact on the Company of such
competitive ventures.
  LECs and other companies provide facilities for the transmission and
distribution to homes and businesses of interactive computer-based services,
including Internet access, as well as data and other non-video services. The
Company is planning to market high-speed Internet access and data transmission
in certain areas served by its cable systems. The high-speed cable modems that
will be used by the Company are capable of providing access to interactive
online information services, including the Internet, at faster speeds than
that of conventional or ISDN modems used by other service providers.
Competitors in this area may include LECs, Internet service providers, long
distance carriers, satellite companies, public utilities and others, many of
whom have more substantial financial resources than the Company. Several LECs
recently requested the FCC to fully deregulate