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SEC Filings

RENAISSANCE MEDIA GROUP LLC filed this Form 10-Q on 10/20/1998
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     The working capital requirements of a cable television business are
generally not significant since subscribers are billed for services monthly in
advance, while the majority of expenses incurred (except for payroll) are paid
generally 30-60 days after their incurrence.

     The Systems' net cash provided by operations was $12.5 million for the six
months ended June 30, 1998.  The Systems' net cash used in investing activities
was $311.9 million for the six months ended June 30, 1998 consisting primarily
of the acquisition of the Systems. Net cash provided by financing activities was
$302.7 for the six months ended June 30, 1998 consisting primarily of the
proceeds received by the Company from; (i) the Credit Agreement, (ii) the Notes
and (iii) capital contributions.

     EBITDA represents operating (loss) before depreciation and amortization.
EBITDA is not intended to be a performance measure that should be regarded as an
alternative either to operating income or net income as an indicator of
operating performance or to the statement of cash flows as a measure of
liquidity, as determined in accordance with generally accepted accounting
principles.  EBITDA is included herein because the Company believes that EBITDA
is a meaningful measure of performance as it is commonly used in the cable
television industry to analyze and compare cable television companies on the
basis of operating performance, leverage and liquidity.  In addition, the
primary debt instruments of the Company contain certain covenants, compliance
with which is measured by computations similar to determining EBITDA.  The
Company's definition of EBITDA may not be identical to similarly titled measures
by other companies.  The System's EBITDA was $6.3 million (48.5% of revenue) for
the six months ended June 30, 1998.

     Simultaneously with the Offering of the Notes:  (i) the Company received
equity contributions of $95.1 million from the Morgan Stanley Entities and $3.9
million from the Management Investors:  (ii) Renaissance Media, as borrower, and
Renaissance Louisiana, Renaissance Tennessee and Renaissance Capital, as
guarantors, entered into the Credit Agreement, consisting of $110.0 million in
Term Loans and the $40.0 million Revolver; and (iii) Renaissance Media acquired
the Systems from TWI Cable for $300.0 million in cash and the issuance to TWI
Cable of a $9.5 million equity interest in Holdings.

     The Company used the net proceeds from the Offering, together with the
equity contributions and borrowings under the Term Loans, to consummate the
Acquisition.  The Company has approximately $204.8 million of indebtedness
outstanding and unused commitments under the Revolver of $40.0 million.  Subject
to compliance with the terms of the Credit Agreement, borrowings under the
Revolver will be available for working capital purposes, capital expenditures
and acquisitions.

     The Company expects to make substantial investments in capital to: (i)
upgrade its cable plant; (ii) build line extensions; (iii) purchase new
equipment; and (iv) acquire the equipment necessary to implement its digital and
Internet and data transmission strategy. In 1998, the Company estimates it will
make capital expenditures of approximately $9.8 million. The Company believes
that the borrowings expected to be available under the Revolver and anticipated
cash flow from operations will be sufficient to upgrade the Systems as currently