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SEC Filings

10-Q
RENAISSANCE MEDIA GROUP LLC filed this Form 10-Q on 05/17/1999
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         Following the completion of the Charter Transaction, the Company
intends to continue to increase its subscriber base and operating cash flow by
improving and upgrading its technical plant and expanding its service offerings.
The Company believes that by clustering systems it is able to realize economies
of scale, such as reduced payroll, reduced billing and technical costs per
subscriber, reduced advertising sales costs, increased local advertising sales,
more efficient roll-out and utilization of new technologies and consolidation of
its customer service functions. The Company plans to improve and upgrade its
technical plant, which should allow it to provide a wide array of new services
and service tiers, as well as integrate new interactive features into advanced
analog and digital set-top consumer equipment. The Company also plans to develop
and provide new cable and broadband services and develop ancillary businesses
including digital video and high-speed Internet access services.

Three Months Ended March 31, 1999 (Actual) Compared with Three Months Ended
March 31, 1998 (Pro Forma)

         The following discussion and table give pro forma effect to the
offering of the Notes, Credit Agreement and the Acquisition (collectively the
"Transactions") as if they had occurred as of January 1, 1998, and is provided
for informational purposes. It does not purport to be indicative of the results
which would have actually been obtained had the Transactions been completed on
the dates indicated or which may be expected to occur in the future. As the
Company had no operations prior to the acquisition of the TWI Systems discussed
above and in Note 4 to the Company's Consolidated Financial Statements the
following discussion and table compare the three months ended March 31, 1998,
Pro Forma Results of Operations to the three months ended March 31, 1999 Actual
Results of Operations. The discussion and table relating to the pro forma
comparisons has been condensed due to different grouping of expenses between TWI
Cable and the Company.


<TABLE>
<CAPTION>

                                                    Three Months Ended
                                                         March 31,

                                                ----------------------------
                                                   1999           1998
                                                 (Actual)     (Pro Forma)
                                                ------------ ---------------
<S>                                               <C>           <C>    
              Revenues                            $15,254       $13,973
              Expenses                             13,544        13,531
                                                ------------ ---------------
              Operating income                      1,710           442
              Interest and other expenses           4,765         4,954
                                                ------------ ---------------
              Net loss                            $(3,055)      $(4,512)
                                                ============ ===============
</TABLE>



         The Systems served 132,205 basic subscribers at March 31, 1999 compared
with 127,191 basic subscribers at March 31, 1998, an increase of 5,014
subscribers or 3.9%. Homes passed increased to 189,449 at March 31, 1999 from
179,402 at March 31, 1998, an increase of 10,047 homes passed or 5.6%. Premium
service units decreased to 55,041 at March 31, 1999 from 61,053 at March 31,
1998. Of the total homes passed and basic subscriber increases, approximately
3,000 and 2,000 respectively, were due to the Gulf South and Bayou Vision
acquisition in February 1999.

         Revenues. Revenues increased $1.3 million, or 9.2%, to $15.3 million
for the three months ended March 31, 1999 from $14.0 million for the three
months ended March 31, 1998. The increase in revenues for the three months ended
March 31, 1999 resulted primarily from increases in basic revenue. Basic revenue
increased due to an increase in the weighted average monthly subscription rate
for basic service to $8.20 in 1999 from $7.88 in 1998 and an increase in the
weighted average monthly subscription rate for CPST to $22.58 in 1999 from
$20.28 in 1998. In addition, basic


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