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SEC Filings

S-4
AVALON CABLE OF MICHIGAN INC/ filed this Form S-4 on 04/01/1999
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<PAGE>
 
            AVALON CABLE OF MICHIGAN HOLDINGS, INC. AND SUBSIDIARIES
 
                 CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY
 
     For the Period from June 2, 1998 (inception) through December 31, 1998
                      (in thousands, except share amounts)
 

<TABLE>
<CAPTION>
                            Common           Additional                 Total
                            Shares    Common  Paid-in   Accumulated Shareholders'
                          Outstanding Stock   Capital     Deficit      Equity
                          ----------- ------ ---------- ----------- -------------
<S>                       <C>         <C>    <C>        <C>         <C>
Balance, June 2, 1998...      100      $--    $   --      $   --       $   --
Net loss from date of
 inception through
 December 31, 1998......      --        --        --       (8,228)      (8,228)
Contributions by parent.      --        --     35,000         --        35,000
                              ---      ----   -------     -------      -------
Balance, December 31,
 1998...................      100      $--    $35,000     $(8,228)     $26,772
                              ===      ====   =======     =======      =======
</TABLE>

 
 
 
 
                 The accompanying notes are an integral part of
                    these consolidated financial statements.
 
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