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SEC Filings

10-Q
RENAISSANCE MEDIA GROUP LLC filed this Form 10-Q on 10/20/1998
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homes passed or 2.0%.  Premium service units decreased to 60,189 at June 30,
1998 from 64,800 at June 30, 1997.

     Revenues.  Revenues increased $2.9 million, or 11.8%, to $28.1 million for
the six months ended June 30, 1998 from $25.2 million for the six months ended
June 30, 1997.  There were no pro forma adjustments to revenues.

     The increase in revenues for the six months ended June 30, 1998 resulted
primarily from increases in basic revenue and other revenue.  Basic revenue
increased due to an increase in the weighted average monthly subscription rate
for basic service to $7.88 in 1998 from $7.69 in 1997 and an increase in the
weighted average monthly subscription rate for CPST to $20.28 in 1998 from
$17.33 in 1997.  In addition, basic revenue increased due to the increase in
subscribers in the six months ended June 30, 1998.  Other revenue components
including home shopping, pay-per-view and advertising revenue increased, while
additional outlet revenue decreased.

     Expenses.  Expenses increased $1.3 million, or 4.8%, to $28.0 million for
the six months ended June 30, 1998 from $26.7 million for the six months ended
June 30, 1997.  The increase in system operating expenses for the six months
ended June 30, 1998 resulted primarily from increases in programming costs due
to annual price increases and the addition of new programming services and
increases in other overhead costs such as electricity, pole rents and property
taxes.

     Operating Income.  Operating income increased $1.7 million to $.1 million
for the six months ended June 30, 1998 from an operating loss of $1.6 million
for the six months ended June 30, 1997.  The increase in operating income
resulted from the increase in revenue of $3.0 million offset in part by the
increase in operating expenses of $1.3 million for the six month period ended
June 30, 1998.

     Net Loss.  For the reasons discussed above, net loss decreased $1.7
million, or 15.0%, to $9.5 million for the six months ended June 30, 1998 from
$11.2 million for the six months ended June 30, 1997.

LIQUIDITY AND CAPITAL RESOURCES

     The cable television business requires substantial capital for the
upgrading, expansion and maintenance of signal distribution equipment, as well
for home subscriber devices and wiring and for service vehicles.  The Company
will continue to deploy fiber optic technology and to upgrade the Systems to a
minimum of 550 MHz and to 860 MHz where system characteristics warrant.  The
deployment of fiber optic technology will allow the Company to complete future
upgrades to the Systems in a cost-effective manner.  In addition, the Company
believes that the application of digital compression technology will likely
reduce the requirement in the future for upgrades to increase capacity beyond
860 MHz.

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