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SEC Filings

10-Q
RENAISSANCE MEDIA GROUP LLC filed this Form 10-Q on 10/20/1998
Entire Document
 
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    PART I    FINANCIAL INFORMATION


     ITEM 2.    MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
                RESULTS OF OPERATIONS

     This report contains forward-looking statements within the meaning of
Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A
of the Securities Act of 1933, as amended, and is subject to the safe harbors
created by those sections.  The Company's actual results could differ materially
from those discussed herein and its current business plans could be altered in
response to market conditions and other factors beyond the Company's control.
The forward-looking statements within this Form 10-Q are identified by words
such as "believes", "anticipates", "accepts", "intends", "may", "will" and other
similar expressions.  However, these words are not the exclusive means of
identifying such statements.  In addition, any statements that refer to
expectations, projections or other characterizations of future events or
circumstances are forward-looking statements.  The Company undertakes no
obligation to release publicly the results of any revisions to these forward-
looking statements that may be made to reflect events or circumstances occurring
subsequent to the filing of this Form 10-Q with the SEC.  Readers are urged to
review and consider carefully the various disclosures made by the Company in
this report and in the Company's other reports filed with the SEC that attempt
to advise interested parties of the risks and factors that may effect the
Company's business.

INTRODUCTION AND RECENT DEVELOPMENTS

     Renaissance Media Group, LLC ("Group") was formed by Renaissance Media
Holdings, LLC on March 13, 1998.  Group was formed to acquire, operate and
develop cable television systems through its subsidiaries in markets within the
United States.  Group and its wholly-owned subsidiaries are collectively
referred to as (the "Company").  Prior to March 13, 1998 the Company's start-up
activities were conducted by Renaissance Media Holdings, LLC and Renaissance
Media, LLC.

     On April 9, 1998, the Company completed its first acquisition.  Pursuant to
the Asset Purchase Agreement dated November 14, 1997 with TWI Cable, the Company
acquired cable television systems which are clustered in southern Louisiana,
western Mississippi and western Tennessee and as of June 30, 1998, passed
180,561 homes, served 126,985 basic subscribers and had 60,189 premium service
units.  The Company is the 4th largest cable television system operator in
Louisiana and the 5th largest cable television system operator in Tennessee
based upon the Systems' numbers of subscribers at June 30, 1998.

     The Company intends to increase its subscriber base and operating cash flow
by pursuing cable television system acquisitions, improving and upgrading its
technical plant and expanding its service offerings.  The Company will pursue
selective acquisitions in markets which are contiguous to the Systems and in
non-contiguous mid-sized markets serving more than 30,000 subscribers where
local or regional clusters can be formed.  The Company believes that by
clustering systems it will be able to realize economies of scale, such as
reduced payroll, reduced billing and technical costs per subscriber, reduced
advertising sales costs, increased local advertising sales, more efficient roll-
out and utilization of new technologies and consolidation of

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