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SEC Filings

S-4/A
AVALON CABLE OF MICHIGAN INC/ filed this Form S-4/A on 07/22/1999
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<PAGE>
 
                AVALON CABLE OF MICHIGAN, INC. and SUBSIDIARIES
            
         CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDER'S EQUITY     
                      (In thousands, except share amounts)
 

<TABLE>
<CAPTION>
                             For the Quarter Ended March 31, 1999 (unaudited)
                          -------------------------------------------------------
                            Common           Additional                 Total
                            Shares    Common  Paid-in   Accumulated Shareholders'
                          Outstanding Stock   Capital     Deficit      Equity
                          ----------- ------ ---------- ----------- -------------
                                                (Unaudited)
<S>                       <C>         <C>    <C>        <C>         <C>
Balance, December 31,
 1998...................      100     $   --  $35,000    $ (8,918)     $26,082
Net loss for the quarter
 ended March 31, 1999...                  --       --      (4,181)      (4,181)
                              ---     ------  -------    --------      -------
Balance, March 31, 1999.      100     $   --  $35,000    $(13,099)     $21,901
                              ===     ======  =======    ========      =======
</TABLE>

 
 
 
 
  The accompanying notes are an integral part of these consolidated financial
                                  statements.
 
                                     F-128