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S-4/A
AVALON CABLE OF MICHIGAN INC/ filed this Form S-4/A on 05/28/1999
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                AVALON CABLE OF MICHIGAN, INC. AND SUBSIDIARIES

                           CONSOLIDATED BALANCE SHEET

                               December 31, 1998
                                 (in thousands)


<TABLE>
<S>                                                                    <C>
                                ASSETS
                                ------
Cash.................................................................. $  9,071
Accounts receivable, net of allowance for doubtful accounts of $873...    5,015
Prepayments and other current assets..................................    1,267
Accounts receivable from related parties..............................      371
Deferred income taxes.................................................      377
                                                                       --------
    Current assets....................................................   16,101
Property, plant and equipment, net....................................  104,965
Intangible assets, net................................................  427,125
Deferred charges and other assets.....................................    1,270
                                                                       --------
    Total assets...................................................... $549,461
                                                                       ========
                 LIABILITIES AND SHAREHOLDERS' EQUITY
                 ------------------------------------
Accounts payable and accrued expenses................................. $ 10,194
Advance billings and customer deposits................................    2,454
Accounts payable--affiliate...........................................    2,023
                                                                       --------
    Current liabilities...............................................   14,671
Long-term debt........................................................  290,875
Notes payable--affiliate..............................................   15,171

Deferred income taxes.................................................   82,635
                                                                       --------
    Total liabilities.................................................  403,352
                                                                       --------
Commitments and contingencies (Note 10)...............................      --
Minority interest.....................................................   13,855
                                                                       --------
Stockholders equity:
Common stock..........................................................      --
Additional paid-in capital............................................  137,375
Accumulated deficit...................................................   (5,121)
                                                                       --------
    Total shareholders' equity........................................  132,254
                                                                       --------
    Total liabilities and shareholders' equity........................ $549,461
                                                                       ========
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                 The accompanying notes are an integral part of
                    these consolidated financial statements.

                                     F-110