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SEC Filings

S-4/A
RENAISSANCE MEDIA GROUP LLC filed this Form S-4/A on 09/04/1998
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                               PROSPECTUS SUMMARY
 
  The following summary is qualified in its entirety by, and should be read in
conjunction with, the more detailed information and financial statements and
notes thereto included elsewhere in this Prospectus. Unless the context
otherwise requires: (i) all references to the "Company" refer collectively to
Renaissance Media Group LLC and its subsidiaries, including the Obligors and
Renaissance Media LLC ("Renaissance Media"); (ii) all references to "Time
Warner" refer collectively to TWI Cable, Inc. and its cable-related affiliates;
and (iii) all information relating to the Company contained in this Prospectus,
other than historical financial information, gives effect to the Acquisition
described below. See "--The Acquisition and the Financing." References to
EBITDA refer to income (loss) before interest, income taxes and depreciation,
amortization and loss (gain) on disposal of fixed assets.
 
                                  THE COMPANY
 
  The Company was formed to acquire, operate and develop medium-sized cable
television systems. The Company acquired (the "Acquisition") six cable
television systems (the "Systems") from Time Warner on April 9, 1998, the date
of the initial sale of the Old Notes by the Obligors to the Placement Agent.
The Systems are clustered in southern Louisiana and western Mississippi (the
"Louisiana Systems") and western Tennessee (the "Tennessee System") and, as of
June 30, 1998, passed 180,561 homes and served 126,985 subscribers. 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 following table illustrates certain subscriber and operating statistics
for the Systems as of June 30, 1998:
 

<TABLE>
<CAPTION>
                                                                                                  AVERAGE
                                                                         PREMIUM                  MONTHLY
                                   TOTAL                                 SERVICE                  REVENUE
                          HOMES    PLANT      BASIC           BASIC       UNITS      PREMIUM     PER BASIC
  SYSTEM                PASSED (1) MILES SUBSCRIBERS (2) PENETRATION (3)   (4)   PENETRATION (5) SUBSCRIBER
  ------                ---------- ----- --------------- --------------- ------- --------------- ----------
<S>                     <C>        <C>   <C>             <C>             <C>     <C>             <C>        
Louisiana Systems......  131,915   2,816      94,740          71.8%      49,274       52.0%        $38.34
Tennessee System.......   48,646     914      32,245          66.3%      10,915       33.9%         33.94
                         -------   -----     -------                     ------
Total Systems..........  180,561   3,730     126,985          70.3%      60,189       47.4%         37.29
                         =======   =====     =======                     ======
</TABLE>

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(1) Homes passed refers to estimates of the number of dwelling units and
    commercial establishments in a particular community that can be connected
    to the distribution system without any further extension of principal
    transmission lines. Such estimates are based upon a variety of sources,
    including billing records, house counts, city directories and other local
    sources.
(2) The number of basic subscribers has been computed by adding the actual
    number of subscribers for all non-bulk accounts and the equivalent
    subscribers for all bulk accounts. The number of such equivalent
    subscribers has been calculated by dividing aggregate basic service revenue
    for bulk accounts by the full basic service rate for the community in which
    the accounts are located. Bulk accounts consist of commercial
    establishments and multiple dwelling units.
(3) Basic penetration represents the number of basic subscribers as a
    percentage of the total number of homes passed in the system.
(4) Premium service units represent the number of subscriptions to premium
    channels offered for a monthly fee per channel.
(5) Premium penetration represents the number of premium service units as a
    percentage of the total number of basic subscribers.
 
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