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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>
 
Michigan Holdings
 
   The selected historical consolidated statement of operations and balance
sheet data of Michigan Holdings shown below for as of December 31, 1998 and for
the period from October 21, 1998 (inception) through December 31, 1998 have
been derived from the consolidated financial statements of Michigan Holdings
which have been audited by PricewaterhouseCoopers LLP, independent accountants.
The selected historical consolidated statement of operations and balance sheet
data for the period from as of December 31, 1998 and for the period from
October 21, 1998 (inception) through December 31, 1998 have been derived from
the consolidated financial statements of Michigan Holdings, which have been
audited by PricewaterhouseCoopers LLP, independent accountants. The audited
consolidated financial statements of Michigan Holdings as of December 31, 1998
and for the period from October 21, 1998 (inception) through 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 financial statements and related
notes thereto which you can find elsewhere in this prospectus.
 

<TABLE>
<CAPTION>
                                                                   Period from
                                                                  October 21, to
                                                                   December 31,
                                                                       1998
                                                                  --------------
<S>                                                               <C>
Statement of operations data
Revenues.........................................................    $ 13,657
Operating expenses...............................................       7,469
Corporate overhead...............................................         249
Depreciation and amortization....................................       6,614
                                                                     --------
Operating (loss) income..........................................        (675)
Interest (expense), net..........................................      (6,784)
Other (expense) income, net......................................        (769)
                                                                     --------
Net loss.........................................................    $ (8,228)
                                                                     ========
Other financial data
EBITDA (1).......................................................    $  5,939
EBITDA margin (2)................................................        43.5%
Capital expenditures.............................................       4,673
Ratio of earnings to fixed charges (3)...........................         --
Balance sheet data (end of period)
Total assets.....................................................    $553,649
Long-term debt (excluding current portion).......................     417,540
Stockholders' equity.............................................      26,772
Other operating data (end of period)
Homes passed (4).................................................     349,213
Basic subscribers (5)............................................     211,537
Basic penetration (6)............................................        60.6%
Premium units (7)................................................      55,550
Premium penetration (8)..........................................        26.3%
Average monthly revenue per basic
 subscriber (9)..................................................    $  34.96
</TABLE>

 
          (See Notes to Selected Historical Financial and Other Data)
 
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