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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 HOLDINGS, INC. AND SUBSIDIARIES
 
                      CONSOLIDATED STATEMENT OF OPERATIONS
                                 (In thousands)
 

<TABLE>
<CAPTION>
                                                For the Quarter For the Quarter
                                                     Ended           Ended
                                                March 31, 1999  March 31, 1998
                                                --------------- ---------------
                                                          (Unaudited)
<S>                                             <C>             <C>
Revenue
  Basic services...............................    $ 20,027         $   --
  Premium services.............................       1,966             --
  Other........................................       2,584             --
                                                   --------         -------
    Total Revenue..............................      24,577             --
Operating expenses
  Selling, general and administrative..........       4,202             --
  Programming..................................       6,819             --
  Technical and operations.....................       2,800             --
  Depreciation and amortization................      10,839             --
                                                   --------         -------
Loss from operations...........................         (83)            --
Interest income................................         299               1
Interest expense...............................     (11,730)            --
                                                   --------         -------
Income loss before income taxes................     (11,514)              1
Benefit from income taxes......................       6,192             --
                                                   --------         -------
Income (loss) before minority interest and
 extraordinary item............................      (5,322)              1
Minority interest in loss of consolidated
 entity........................................       1,141             --
                                                   --------         -------
  Net income (loss)............................    $ (4,181)        $     1
                                                   ========         =======
</TABLE>

 
 
   The accompanying notes are an integral part of these financial statements
 
                                      F-47