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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.
 
                       UNAUDITED PRO FORMA BALANCE SHEET
 
                   For the three months ended March 31, 1999
                             (dollars in thousands)
 

<TABLE>   
<CAPTION>
                                      Michigan          Pro Forma     Unaudited
                                      Holdings Taconic Adjustments    Pro Forma
                                      -------- ------- -----------    ---------
               ASSETS
               ------
<S>                                   <C>      <C>     <C>            <C>
Current assets:
  Cash............................... $ 13,227 $  --    $  (8,525)(a) $     27
                                                           (3,675)(b)
                                                           (1,000)(c)
Accounts receivable--affiliates......      --     --          --           --
Accounts receivable, net.............    6,210     32         --         6,242
Prepaids and other current assets....    1,447    626         --         2,073
                                      -------- ------   ---------     --------
  Total current assets...............   20,884    658     (13,200)       8,342
Property, plant and equipment, net...  115,200  1,713       1,612 (a)  118,675
                                                              150 (b)
Intangible assets, net...............  473,323    --        4,803 (a)  482,651
                                                            3,525 (b)
                                                            1,000 (c)
Note receivable--affiliate...........      --     --          --           --
Other assets.........................    1,169     28         --         1,197
                                      -------- ------   ---------     --------
  Total assets....................... $610,576 $2,399   $  (2,110)    $610,865
                                      ======== ======   =========     ========
        LIABILITIES AND EQUITY
        ----------------------
Current liabilities:
Current portion of long-term debt.... $     20 $  --    $     --      $     20
Accounts payable and accrued ex-
 penses..............................   20,669    289         --        20,958
Accounts payable--affiliates             3,388    --          --         3,388
Advance billings and customer depos-
 its.................................    3,363    --          --         3,363
                                      -------- ------   ---------     --------
  Total current liabilities..........   27,440    289         --        27,729
Credit facility......................  177,375    --          --       177,375
Old senior subordinated notes........  150,000    --          --       150,000
New senior subordinated notes........      --     --      114,772 (d)  114,772
Long-term debt.......................      580    --          --           580
Notes payable--affiliate.............      --     --          --           --
Senior discount notes................  114,772    --     (114,772)(d)      --
Deferred credits and other...........   71,668    359        (359)(a)   71,668
                                      -------- ------   ---------     --------
  Total liabilities..................  541,835    648        (359)     542,124
Minority interest....................   46,840    --          --        46,840
Equity, net..........................   21,901  1,751      (1,751)(a)   21,901
                                      -------- ------   ---------     --------
  Total liabilities and equity, net.. $610,576 $2,399   $  (2,110)    $610,865
                                      ======== ======   =========     ========
</TABLE>
    
 
                (See Notes to Unaudited Pro Forma Balance Sheet)
 
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