addition, the Company has assumed Time Warner's obligations under the Social
Contract with respect to the Systems.
Transactions with Management
Prior to the consummation of the Acquisition, Media paid fees in 1998 to
the Management Investors for services rendered prior to their employment by
Media relating to the Acquisition and the Credit Agreement. These fees totaled
$.3 million and were recorded as transaction and financing costs.
Prior to the formation of the Company, the Management Investors advanced
$1.0 million to Holdings, which was used primarily for working capital
purposes. Upon formation of the Company, Holdings contributed certain assets
and liabilities to Group and the $1.0 million advance from the Management
Investors was recorded as paid in capital.
Leonard J. Baxt is a member of the Board of Representatives of Holdings and
Renaissance Media. Mr. Baxt is also a member of Dow, Lohnes & Albertson, PLLC,
which has served as counsel to the Company in connection with the Senior
Credit Facility, Senior Discount Notes, the Time Warner Acquisition and the
Charter Transaction. Dow, Lohnes & Albertson, PLLC, has provided other legal
services to the Company from time to time and has received customary fees for
all services previously described totaling approximately $1.3 million in 1998
for such services.
Item 14--Exhibits, Financial Statement Schedules and Reports on Form 8-K
(a) The following documents are filed as part of this report:
(1) A listing of the consolidated financial statements, notes and report
of independent public accountants required by Item 8 are listed on page 36
of this Annual Report on Form 10-K.
(2) Financial Statement Schedules--Schedule II--Valuation and Qualifying
(3) Exhibits required to be filed by Item 601 of Regulation S-K.