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S-4
AVALON CABLE OF MICHIGAN INC/ filed this Form S-4 on 04/01/1999
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<PAGE>
 
Taconic
 
   Currently, Taconic is being operated as part of Taconic Technology
Corporation. The table below sets forth selected historical data for these
assets and liabilities of Taconic. The historical financial data presented
below reflect periods during which Taconic did not operate as an independent
company and, accordingly, certain allocations were made in preparing the
financial data. Therefore, this data may not reflect the results of operations
or the financial condition which would have resulted if Taconic had operated as
a separate independent company during these periods, and are not necessarily
indicative of Taconic's future results of operations or financial position.
 
   The selected historical statements of operations and balance sheet data of
Taconic shown below for the three years ended December 31, 1998 have been
derived from the financial statements of Taconic, which have been audited by
KPMG LLP, independent accountants. The selected financial and other data of
Taconic shown below for the year ended December 31, 1995 has been derived from
the unaudited financial statements of Taconic. The audited financial statements
of Taconic as of December 31, 1997 and 1998 and for the two years then ended
December 31, 1998 are included elsewhere herein. You should read the
information in this table in conjunction with the "Management's Discussion and
Analysis of Financial Condition and Results of Operations" section of this
prospectus and the combined financial statements and related notes thereto
which you can find elsewhere in this prospectus.
 

<TABLE>
<CAPTION>
                                                  Year Ended December 31,
                                                ------------------------------
                                                 1995    1996    1997    1998
                                                ------  ------  ------  ------
                                                  (dollars in thousands)
<S>                                             <C>     <C>     <C>     <C>
Statement of operations data
Revenues....................................... $1,771  $1,916  $2,005  $2,086
Operating expenses.............................  1,108   1,213   1,278   1,378
Corporate overhead.............................     56      62      34      22
Depreciation and amortization..................    359     432     426     426
                                                ------  ------  ------  ------
Operating income...............................    248     209     267     260
Interest expense, net..........................   (129)   (102)    (79)    (17)
Other (expense), net...........................    (15)    (43)    (75)    (97)
                                                ------  ------  ------  ------
Net income..................................... $  104  $   64  $  113  $  146
                                                ======  ======  ======  ======
Other financial data
EBITDA (1)..................................... $  607  $  641  $  693  $  686
EBITDA margin (2)..............................   34.3%   33.5%   34.6%   32.9%
Capital expenditures........................... $  445  $  238  $  214  $   81
Ratio of earnings to fixed charges (3).........    1.7x    1.8x    2.5x    3.4x
 
Balance sheet data (end of period)
Total assets................................... $2,797  $2,638  $2,337  $2,372
Long-term debt (excluding current portion).....  1,110     946     793     --
Shareholders' equity...........................    614     678     792   1,707
 
Other operating data (end of period)
Homes passed (4)...............................  7,037   7,128   7,210   7,200
Basic subscribers (5)..........................  4,738   4,733   4,819   5,100
Basic penetration (6)..........................   67.3%   66.4%   66.8%   70.8%
Premium units (7)..............................  1,492   1,337   1,271   1,225
Premium penetration (8)........................   31.5%   28.2%   26.4%   24.0%
Average monthly revenue per basic subscriber
 (9)........................................... $31.87  $33.72  $34.98  $34.67
</TABLE>

 
          (See Notes to Selected Historical Financial and Other Data)
 
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