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SEC Filings

8-K
RENAISSANCE MEDIA GROUP LLC filed this Form 8-K on 03/01/1999
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                                                                    Exhibit 99.2


Renaissance Media Group LLC Reports 1998 Results for the Quarter Ended 
December 31, 1998

                 Growth in Revenue of 10.2% and EBITDA of 10.9%

FERNDALE, N.Y., Feb. 26 /PRNewswire/ -- Renaissance Media Group LLC (the
"Company") today reported results for the quarter ended December 31, 1998 and
for the period from April 9, 1998 to December 31, 1998 (the "year to date
period"). The Company acquired certain cable systems located in Louisiana,
Mississippi and Tennessee from TWI Cable Inc. on April 9, 1998 and prior to that
date had no operations. The year to date results discussed herein reflect the
results of the acquired cable systems for the period from April 9, 1998 to
December 31, 1998 and corporate overhead costs since January 1, 1998. For the
quarter ended December 31, 1998, the Company reported revenue of $14.4 million,
cable system cash flow of $7.9 million, and EBITDA of $7.2 million. The results
of operations for the comparable period in 1997, under TWI Cable Inc. ownership
were: revenues of $13.0 million, cable system cash flow of $7.2 million and
EBITDA of $6.5 million. The percentage increases in 1998 over 1997 in revenue,
cable system cash flow and EBITDA were 10.2%, 10.8% and 10.9%, respectively.

For the year to date period, the Company reported
 revenue of $41.5 million,
cable system cash flow of $22.5 million and EBITDA of $20.5 million. The results
of operations for the comparable period in 1997, under TWI Cable Inc. ownership
were: revenues of $37.4 million, cable system cash flow of $20.5 million and
EBITDA of $18.5 million. The percentage increases in 1998 over 1997 in revenue,
cable system cash flow and EBITDA were 11.0%, 9.7% and 10.7%, respectively.

Revenue results for the quarter ended December 31, 1998 versus the comparable
period in 1997 reflected a 13.8% growth in basic service revenue and a 17.8%
growth in advertising revenues. Basic service revenues increased due to
increases in subscription rates and basic subscribers over prior year amounts.
Cable system cash flow margin increased .3% to 55.3% in 1998 from 55.0% in 1997.
EBITDA margin was 50.0% in 1998 versus 49.6% in 1997.

Revenue results for the year to date period versus the comparable period in 1997
reflected a 13.4% growth in basic service revenue and a 18.5% growth in
advertising revenues. Basic service revenues increased due to increases in
subscription rates and basic subscribers over prior year amounts. Cable system
cash flow margin decreased .7% to 54.2% in 1998 from 54.9% in 1997, due
primarily to increases in programming costs offset in part by increases in
capitalized internal costs associated with new capital projects. EBITDA margin
was 49.3% in 1998 versus 49.5% in 1997.

On February 23, 1999, Renaissance Media Holdings LLC ("Holdings"), the parent
company of Renaissance Media Group LLC, executed a Purchase Agreement pursuant
to which Holdings will sell all of its' outstanding limited liability company
interests in the Company to Charter Communications, LLC, a subsidiary of Charter
Communications, Inc. Reflecting on the