Mediacom Communications Reports Results for Third Quarter 2005

Third Quarter 2005 Financial Highlights

Third quarter 2005 highlights were as follows:
-- Revenue of $275.0 million, an increase of 5.3% over Q3 2004

-- Operating income before depreciation and amortization
("OIBDA") of $100.0 million, an increase of 1.5% over Q3 2004

-- Capital expenditures of $67.4 million

-- Total revenue generating units ("RGUs") of 2,361,000, an
increase of 168,000, or 7.7%, over September 30, 2004, and a
gain of 34,000 during the quarter, including:

-- Basic subscriber losses of 17,000 (including 9,000 basic
subscribers that were lost due to Hurricanes Dennis and
Katrina)

-- Digital customer gains of 22,000

-- Data customer gains of 27,000

-- Phone customer gains of 2,000

These results were affected by Hurricanes Dennis and Katrina,which disrupted operations in certain of the Company's cable systemsin Alabama, Florida and Mississippi. For the three months endedSeptember 30, 2005, revenues and OIBDA were reduced by $1.5 millionand $2.3 million, respectively, and capital expenditures wereincreased by $4.1 million as a result of the hurricanes. For moreinformation on the effects of the hurricanes, see "Effect ofHurricanes on Operations and Financial Results."

"Mediacom delivered solid growth of 34,000 RGUs in the thirdquarter, even after taking into account the 12,000 RGUs that we lostdue to the hurricanes," said Rocco B. Commisso, Mediacom's Chairmanand CEO. "Customers have responded well to our product packaging andbundling initiatives. While our strategies have helped stabilize ourcore video business, offering extended discount periods to ourcustomers has weighed upon short-term results."

"Our financial performance this quarter was further impacted byHurricanes Dennis and Katrina. Last year, our business was disruptedby Hurricane Ivan. Together, the three hurricanes have not onlyaffected our operating results, but have also taken away for thenear-term some of the Gulf Coast's organic growth potential. We areconfident that the region will recover even stronger and Mediacom willbe there rebuilding our network to better serve these communities."

"We are pleased with the progress of our phone business since itslaunch in June 2005. Today we are marketing to over 1.2 million homesand serve over 8,000 phone customers. We believe our residential phoneservice, together with ongoing efforts to strengthen our core videobusiness, have laid the groundwork for improving financial performancein 2006," Mr. Commisso concluded.

Effect of Hurricanes on Operations and Financial Results

In July and August 2005, as a result of Hurricanes Dennis andKatrina, the Company's cable systems in areas of Alabama, Florida, andMississippi experienced, to varying degrees, damage to their cableplant and other property and equipment, service interruption and lossof customers. Some customers' homes in these areas also sustainedvarying levels of damage, including certain homes in the Mississippiarea that were totally destroyed. Hurricanes Dennis and Katrinainitially disrupted cable service to about 45,000 and 55,000 basicsubscribers, respectively, in these states. The Company estimatesthat, as of September 30, 2005, the hurricanes caused losses ofapproximately 9,000 basic subscribers, 2,000 digital customers and1,000 data customers, which are reflected in the Company's subscriberand customer counts as of September 30, 2005.

The Company is currently providing service to substantially all ofthe surviving households in the affected communities, and expects torecover a portion of these lost customers as they return to the regionto rebuild or repair their homes. The Company anticipates that somecustomers will move back into their homes or into temporary housing ontheir properties while repairs or rebuilding are under way, andpotentially reconnect or reactivate cable service at that time.

The Company's results of operations for the three months endedSeptember 30, 2005 take into account service interruption credits,lost revenues and incremental costs caused by these hurricanes.Revenues for the three months ended September 30, 2005 reflectedapproximately $0.6 million of service interruption credits issued tocustomers, $0.7 million of lost revenues from customers whose homeswere destroyed or otherwise rendered uninhabitable and $0.2 million oflost revenue in the advertising sales business. The Company alsoincurred incremental service costs of approximately $0.5 million tocover the repair of the Company's facilities, including increasedemployee and outside contractor costs; incremental selling, generaland administrative costs of approximately $0.3 million related toadditional customer service employee costs required to supportcustomers' needs; and $0.6 million of incremental depreciation expensedue to the impairment of cable plant and other property and equipment.Subsequent impairment charges may result as the Company completes itsassessment of the damage. Capital expenditures to rebuild theCompany's cable plant and facilities and restore service wereapproximately $4.1 million for the three months ended September 30,2005. The Company estimates that after September 30, 2005, it mayspend an additional $5.5 million to rebuild the remainder of itsdamaged cable plant and other property affected by Hurricanes Ivan,Dennis and Katrina, assuming the complete recovery of the affectedcommunities, although it cannot be certain about the timing of suchspending.

The Company is insured against certain losses related to thehurricanes, principally facility damage, subject to varying deductibleamounts. The Company cannot estimate at this time the amounts thatwill be ultimately recoverable under its insurance policies.

Three Months Ended September 30, 2005 Compared to Three MonthsEnded September 30, 2004

For the third quarter of 2005, revenues were $275.0 million, anincrease of 5.3% over $261.0 million in the comparable 2004 period.These figures reflected reductions in revenues related to hurricanesin the 2005 and 2004 periods of $1.5 million and $2.9 million,respectively.

-- Video revenues increased 1.4%, as a result of rate increases applied on the Company's subscribers and higher fees from advanced video products and services, offset by a 2.2% decrease of basic subscribers from 1,461,000 to 1,429,000. The Company's loss of basic subscribers resulted from continuing competitive pressures by other video providers and, to a lesser extent, the impact of Hurricanes Dennis and Katrina. To strengthen its competitiveness, the Company increased the emphasis on product bundling and on enhancing and differentiating its video products and services, and implemented new promotional campaigns with extended six- to twelve- month discount periods. Partly as a result of these efforts, the Company's loss of basic subscribers decreased significantly during the three months ended September 30, 2005, with a net loss of 8,000 basic subscribers adjusted for the impact of Hurricanes Dennis and Katrina, compared to a loss of 21,000 in the same period last year adjusted for the impact of Hurricane Ivan. Digital customers rose by 22,000 during the third quarter of 2005, as compared to a gain of 9,000 in the same period last year. Average monthly video revenue per basic subscriber increased 4.1% from the third quarter of 2004 to $49.06.

-- Data revenues rose 27.1%, primarily due to a 29.4% year-over-year increase in data customers from 350,000 to 453,000 and, to a much lesser extent, the growth of the Company's commercial service and enterprise network businesses. Data customers grew by 27,000 during the third quarter of 2005, as compared to a gain of 23,000 in the same period last year. Average monthly data revenue per data customer decreased 2.2% from the third quarter of 2004 to $37.73, largely due to promotional offers in 2005.

-- Advertising revenues increased 3.0%, as a result of stronger national and regional advertising, offset in part by a decline in political advertising.

Service costs grew 9.1% and included incremental costs related tohurricanes in 2005 and 2004 of $0.5 million and $0.8 million,respectively. This increase was primarily due to: (i) increasedprogramming costs as a result of lower launch support received fromprogramming suppliers and higher unit costs, significantly offset by alower base of basic subscribers; (ii) greater employee costs caused byincreased headcount and overtime of technicians to prepare theCompany's network for phone service and increased overtime forcustomer installation activity and hurricane-related repairs; and(iii) higher field operating costs as a result of higher vehicle fuelcosts, greater use of outside contractors for hurricane-relatedrepairs and customer activity typically performed by service employeesand, to a lesser extent, increases in routine plant repairs andmaintenance.

Selling, general and administrative expenses rose 4.9% andincluded incremental costs related to hurricanes in 2005 and 2004 of$0.3 million and $0.2 million, respectively. This increase wasprimarily due to higher employee costs caused by higher staffing,commissions and benefit costs of customer service and direct salespersonnel resulting from higher levels of customer activity. This wasoffset in part by a decrease in bad debt expense primarily as a resultof a change in estimate in the Company's advertising business tobetter reflect historical collection experience.

Corporate expenses rose 7.3%, principally due to increases inemployee compensation, including amortization of non-cash stock-basedcompensation and higher legal and accounting fees.

Depreciation and amortization decreased 1.4%, as a result of assetretirements and a sale of cable system assets in 2004, offset in partby increased depreciation for ongoing investments to continue therollout of products and services and for investments in the Company'scable network.

Interest expense, net, increased 7.5%, principally due to highermarket interest rates on variable rate debt. This increase was offsetin part by the redemption in April 2005 of the Company's 8 1/2% SeniorNotes due 2008 with lower cost bank borrowings.

As a result of the quarterly mark-to-market valuation of theCompany's interest rate exchange agreements, the Company recorded anet gain on derivatives amounting to $5.1 million for the three monthsended September 30, 2005, as compared to a net loss on derivatives of$4.2 million for the three months ended September 30, 2004.

The Company generated a net loss for the three months endedSeptember 30, 2005 of $2.7 million, as compared to a net loss of $12.8million for the three months ended September 30, 2004.

Liquidity and Capital Resources

The Company has included, in Attachment 4, the CondensedStatements of Cash Flows for the nine months ended September 30, 2005and 2004 in order to provide more detail regarding the liquidity andcapital resources discussion below.

Significant sources of cash for the nine months ended September30, 2005 consisted of the following:

-- Generation of net cash flows from operating activities of approximately $121.2 million;

-- Net borrowings of $58.7 million; and

-- Proceeds from the sale of assets and investments of $4.6 million.

Significant uses of cash for the nine months ended September 30,2005 consisted of the following:

-- Capital expenditures of approximately $179.2 million;

-- Repurchase of common stock of $6.3 million; and

-- Financing costs of $6.3 million related to the issuance in August 2005 of $200 million of 8 1/2% Notes due 2015.

Capital Raising Activities

In August 2005, the Company issued $200.0 million aggregateprincipal amount of 8 1/2% senior notes due 2015. The proceeds wereused to reduce outstanding balances under the Company's revolvingcredit facilities. In October 2005, the operating subsidiaries ofMediacom Broadband LLC, one of the Company's wholly-ownedsubsidiaries, amended the revolving credit portion of their seniorsecured credit facility to: (i) increase the revolving creditcommitment from approximately $543.0 million to approximately $650.5million, of which approximately $430.3 million is not subject toscheduled reductions prior to the termination date; and (ii) extendthe termination date of the commitments not subject to reductionsfrom March 31, 2010 to December 31, 2012.

Financial Position

At September 30, 2005, the Company had total debt outstanding of$3,068.3 million, an increase of $58.7 million since December 31,2004. As of September 30, 2005, pro forma for the amended revolvingcredit facility at Mediacom Broadband, the Company had unused creditfacilities of $879.2 million, of which $860.5 million could beborrowed and used for general corporate purposes based on the termsand conditions of the Company's debt arrangements. As of the date ofthis press release, 71.5% of the Company's total debt is at fixedinterest rates or subject to interest rate protection, and theCompany's weighted average cost of debt capital, including interestrate swap agreements, is 7.2%.

Updated 2005 Guidance

Given current trends in the business and the financial impact ofHurricanes Dennis and Katrina, the Company now expects its financialresults for fiscal 2005 to be as follows: revenues of about $1.1billion; OIBDA of about $408 million, exclusive of any non-cashcompensation expense; capital expenditures of about $228 million; andinterest expense of about $210 million.

Use of Non-GAAP Financial Measures

"OIBDA" and "free cash flow" are not financial measures calculatedin accordance with generally accepted accounting principles (GAAP) inthe United States. The Company defines free cash flow as OIBDA lessinterest expense, net, cash taxes and capital expenditures.

OIBDA is one of the primary measures used by management toevaluate the Company's performance and to forecast future results. TheCompany believes OIBDA is useful for investors because it enables themto assess the Company's performance in a manner similar to the methodused by management, and provides a measure that can be used toanalyze, value and compare the companies in the cable televisionindustry, which may have different depreciation and amortizationpolicies. A limitation of this measure, however, is that it excludesdepreciation and amortization, which represents the periodic costs ofcertain capitalized tangible and intangible assets used in generatingrevenues in the Company's business. Management utilizes a separateprocess to budget, measure and evaluate capital expenditures.

Free cash flow is used by management to evaluate the Company'sability to service its debt and to fund continued growth withinternally generated funds. The Company believes free cash flow isuseful for investors because it enables them to assess the Company'sability to service its debt and to fund continued growth withinternally generated funds in a manner similar to the method used bymanagement, and provide measures that can be used to analyze, valueand compare companies in the cable television industry. The Company'sdefinition of free cash flow eliminates the impact of quarterlyworking capital fluctuations, most notably from the timing ofsemi-annual cash interest payments on the Company's senior notes.

OIBDA and free cash flow should not be regarded as alternatives toeither operating income, net income or net loss as indicators ofoperating performance or to the statement of cash flows as measures ofliquidity, nor should they be considered in isolation or assubstitutes for financial measures prepared in accordance with GAAP.The Company believes that operating income is the most directlycomparable GAAP financial measure to OIBDA, and that net cash flowsprovided by operating activities is the most directly comparable GAAPfinancial measure to free cash flow. Reconciliations of historicalpresentations of OIBDA and free cash flow to their most directlycomparable GAAP financial measures are provided in Attachment 6.

Company Description

Mediacom Communications is the nation's 8th largest cabletelevision company and the leading cable operator focused on servingthe smaller cities and towns in the United States. MediacomCommunications offers a wide array of broadband products and services,including traditional video services, digital television,video-on-demand, digital video recorders, high-definition television,high-speed Internet access and phone service. More information aboutMediacom Communications can be accessed on the Internet at:www.mediacomcc.com.

Forward Looking Statements

Any statements in this press release that are not historical factsare forward-looking statements within the meaning of Section 21E ofthe Securities Exchange Act of 1934, as amended. In some cases, youcan identify those forward-looking statements by words such as "may,""will," "should," "expects," "plans," "anticipates," "believes,""estimates," "predicts," "potential," or "continues" or the negativeof those words and other comparable words. These forward-lookingstatements are subject to risks and uncertainties that could causeactual results to differ materially from historical results or thosethe Company anticipates. Factors that could cause actual results todiffer from those contained in the forward-looking statements include:competition in the Company's video, high-speed Internet access andphone businesses; the Company's ability to achieve anticipatedcustomer and revenue growth and to successfully introduce new productsand services; increasing programming costs; changes in laws andregulations; the Company's ability to generate sufficient cash flow tomeet its debt service obligations; and the other risks anduncertainties described in the Company's annual report on Form 10-Kfor the year ended December 31, 2004 and the other reports anddocuments the Company files from time to time with the Securities andExchange Commission. Statements included in this press release arebased upon information known to the Company as of the date of thispress release, and the Company assumes no obligation to (and expresslydisclaims any such obligation to) publicly update or alter itsforward-looking statements made in this press release, whether as aresult of new information, future events or otherwise, except asotherwise required by applicable federal securities laws.
Attachments:
(1) Actual Results - Three-Month Periods
(2) Actual Results - Nine-Month Periods
(3) Condensed Consolidated Balance Sheet
(4) Condensed Statements of Cash Flows
(5) Capital Expenditure Data
(6) Reconciliation Data - Historical
(7) Calculation - Free Cash Flow
(8) Summary Operating Statistics


(1) Actual Results - Three-Month Periods

MEDIACOM COMMUNICATIONS CORPORATION
Consolidated Statements of Operations
(All amounts in thousands, except per share data)
(Unaudited)

Three Months Ended
September 30,
------------------- Percent
2005 (a) 2004 (b) Change
------------------- -------

Video $211,561 $208,655 1.4%
Data 49,830 39,192 27.1
Advertising 13,568 13,178 3.0
------------------- -------
Total revenues 274,959 261,025 5.3

Service costs 111,462 102,131 9.1
SG&A expenses 58,019 55,292 4.9
Corporate expenses 5,466 5,095 7.3
Depreciation and amortization 54,851 55,631 (1.4)
------------------- -------

Operating income 45,161 42,876 5.3

Interest expense, net (52,374) (48,709) 7.5
Gain (loss) on derivatives, net 5,092 (4,218) NM
Gain on sale of assets and investments, net 1,445 - NM
Other expense (2,047) (2,593) (21.1)
------------------- -------

Net loss before provision for income taxes (2,723) (12,644) NM
Provision for income taxes (8) (163) NM
------------------- -------
Net loss $(2,731) $(12,807) NM
=================== =======

Basic and diluted weighted average
shares outstanding 116,864 118,523
Basic and diluted loss per share $(0.02) $(0.11)

----------------------------------------------------------------------
OIBDA (c) $100,012 $98,507 1.5%
OIBDA margin (d) 36.4% 37.7%
Operating income margin (e) 16.4% 16.4%
Free cash flow (f) $(19,948) $4,676
Free cash flow per share (g) $(0.17) $0.04
-------------------------

Note: Certain reclassifications have been made to prior period
amounts to conform to the current period presentation, and percentage
changes that are not meaningful are marked NM.

(a) For the three months ended September 30, 2005, Hurricanes Dennis
and Katrina had the following effects: revenues reflected $1.5
million of service interruption credits issued to customers and
lost revenues; operating expenses reflected $0.5 million of
incremental service costs and $0.3 million of incremental selling,
general and administrative expenses; and depreciation expense
included $0.6 million due to the impairment of cable plant and
other property and equipment. Subsequent impairment charges may
result once the Company completes its assessment. See "Effect of
Hurricanes on Operating and Financial Results" for more detail.
(b) For the three months ended September 30, 2004, Hurricane Ivan had
the following effects: revenues reflected $2.9 million of service
interruption credits issued to customers; operating expenses
reflected $0.8 million of incremental service costs and $0.2
million of incremental selling, general and administrative
expenses; and depreciation expense included $2.1 million due to
the impairment of cable plant and other property and equipment.
(c) See Attachment (6) Reconciliation Data - Historical for a
reconciliation of OIBDA to operating income.
(d) Represents OIBDA as a percentage of revenues.
(e) Represents operating income as a percentage of revenues.
(f) Represents OIBDA less cash taxes, capital expenditures and
interest expense, net. See Attachment (6) Reconciliation Data -
Historical for a reconciliation of free cash flow to net cash
flows provided by operating activities.
(g) Represents free cash flow divided by basic weighted average common
shares outstanding.

(2) Actual Results - Nine-Month Periods

MEDIACOM COMMUNICATIONS CORPORATION
Consolidated Statements of Operations
(All amounts in thousands, except per share data)
(Unaudited)

Nine Months Ended
September 30,
------------------- Percent
2005 (a) 2004 (b) Change
------------------- -------

Video $637,256 $641,322 (0.6%)
Data 142,810 114,385 24.9
Advertising 38,469 36,356 5.8
------------------- -------
Total revenues 818,535 792,063 3.3

Service costs 325,911 303,892 7.2
SG&A expenses 171,763 162,030 6.0
Corporate expenses 16,355 14,943 9.4
Depreciation and amortization 162,530 163,826 (0.8)
------------------- -------

Operating income 141,976 147,372 (3.7)

Interest expense, net (153,784) (143,276) 7.3
Loss on early extinguishment of debt (4,742) - NM
Gain on derivatives, net 11,513 9,498 21.2
Gain on sale of assets and investments, net 2,628 5,885 (55.3)
Other expense (7,276) (7,406) (1.8)
------------------- -------

Net (loss) income before provision for
income taxes (9,685) 12,073 NM
Benefit from (provision for) income taxes 124 (490) NM
------------------- -------
Net (loss) income $(9,561) $11,583 NM
=================== =======

Basic weighted average shares outstanding 117,401 118,683
Diluted weighted average shares outstanding 117,401 118,709
Basic and diluted (loss) earnings per share $(0.08) $0.10

----------------------------------------------------------------------
OIBDA (c) $304,506 $311,198 (2.2%)
OIBDA margin (d) 37.2% 39.3%
Operating income margin (e) 17.3% 18.6%
Free cash flow (f) $(28,931) $41,530
Free cash flow per share (g) $(0.25) $0.35
-------------------------

Note: Certain reclassifications have been made to prior period
amounts to conform to the current period presentation, and percentage
changes that are not meaningful are marked NM.

(a) For the nine months ended September 30, 2005, Hurricanes Dennis
and Katrina had the following effects: revenues reflected $1.5
million of service interruption credits issued to customers and
lost revenues; operating expenses reflected $0.5 million of
incremental service costs and $0.3 million of incremental selling,
general and administrative expenses; and depreciation expense
included $0.6 million due to the impairment of cable plant and
other property and equipment. Subsequent impairment charges may
result once the Company completes its assessment. See "Effect of
Hurricanes on Operating and Financial Results" for more detail.
(b) For the nine months ended September 30, 2004, Hurricane Ivan had
the following effects: revenues reflected $2.9 million of service
interruption credits issued to customers; operating expenses
reflected $0.8 million of incremental service costs and $0.2
million of incremental selling, general and administrative
expenses; and depreciation expense included $2.1 million due to
the impairment of cable plant and other property and equipment.
(c) See Attachment (6) Reconciliation Data - Historical for a
reconciliation of OIBDA to operating income.
(d) Represents OIBDA as a percentage of revenues.
(e) Represents operating income as a percentage of revenues.
(f) Represents OIBDA less cash taxes, capital expenditures and
interest expense, net. See Attachment (6) Reconciliation Data -
Historical for a reconciliation of free cash flow to net cash
flows provided by operating activities.
(g) Represents free cash flow divided by basic weighted average common
shares outstanding.

(3) Condensed Consolidated Balance Sheet

MEDIACOM COMMUNICATIONS CORPORATION
Condensed Consolidated Balance Sheet
(Dollars in thousands)
(Unaudited)

September 30, December 31,
2005 2004
--------------- --------------
ASSETS
Cash and cash equivalents $5,591 $23,875
Investments - 1,987
Subscriber accounts receivable, net 59,051 58,253
Prepaid expenses and other assets 24,177 19,781
--------------- --------------
Total current assets $88,819 $103,896

Property, plant and equipment, net 1,462,372 1,443,090
Intangible assets, net 2,039,842 2,042,110
Other assets, net 54,394 46,559
--------------- --------------
Total assets $3,645,427 $3,635,655
=============== ==============

LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued expenses $233,986 $261,223
Deferred revenue 40,466 38,707
Current portion of long-term debt 220,877 42,700
--------------- --------------
Total current liabilities $495,329 $342,630

Long-term debt, less current portion 2,847,468 2,966,932
Other non-current liabilities 23,124 32,581
Total stockholders' equity 279,506 293,512
--------------- --------------
Total liabilities and stockholders'
equity $3,645,427 $3,635,655
=============== ==============



(4) Condensed Statements of Cash Flows

MEDIACOM COMMUNICATIONS CORPORATION
Condensed Statements of Cash Flows
(Dollars in thousands)
(Unaudited)

Nine Months Ended
September 30,
----------------------
2005 2004
----------- ----------

CASH FLOWS PROVIDED BY OPERATING ACTIVITIES:
Net cash flows provided by operating
activities $121,151 $172,158
----------- ----------

CASH FLOWS USED IN INVESTING ACTIVITIES:
Capital expenditures (179,230) (126,047)
Acquisition of cable television systems - (3,372)
Proceeds from sale of assets and investments 4,616 10,556
Other investment activities - (654)
----------- ----------
Net cash flows used in investing
activities $(174,614) $(119,517)
----------- ----------

CASH FLOWS PROVIDED BY (USED IN)
FINANCING ACTIVITIES:
New borrowings 778,750 201,000
Repayment of debt (720,037) (244,182)
Redemption of senior notes (202,834) -
Issuance of senior notes 200,000 -
Repurchase of common stock (6,335) (3,656)
Other financing activities - book overdrafts (8,989) (19,128)
Proceeds from issuance of common stock in
employee stock purchase plan 954 981
Financing costs (6,330) -
----------- ----------
Net cash flows provided by (used in)
financing activities $35,179 $(64,985)
----------- ----------
Net decrease in cash and cash equivalents $(18,284) $(12,344)
CASH AND CASH EQUIVALENTS, beginning of period $23,875 $25,815
----------- ----------
CASH AND CASH EQUIVALENTS, end of period $5,591 $13,471
=========== ==========

SUPPLEMENTAL DISCLOSURES OF CASH FLOW
INFORMATION:
Cash paid during the period for interest, net
of amounts capitalized $184,425 $163,459
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING
ACTIVITIES:
Capital expenditures financed through capital
leases $- $-

-------------------------

Note: Certain reclassifications have been made to prior period
amounts to conform to the current period presentation.



(5) Capital Expenditure Data

MEDIACOM COMMUNICATIONS CORPORATION
(Dollars in thousands)
(Unaudited)

Nine Months Ended
September 30,
--------------------
2005 2004
---------- ---------

Customer premise equipment $96,616 $56,248
Scalable infrastructure 21,749 18,069
Line extensions 14,704 26,452
Upgrade/Rebuild 31,836 11,293
Support capital 14,325 13,985
---------- ---------
Total $179,230 $126,047
========== =========
-------------------------

Note: Certain reclassifications have been made to prior period
amounts to conform to the current period presentation.



(6) Reconciliation Data - Historical

MEDIACOM COMMUNICATIONS CORPORATION
Reconciliation of OIBDA to Operating Income
(Dollars in thousands)
(Unaudited)

Three Months Ended
September 30,
------------------------
2005 2004
------------ -----------

OIBDA $100,012 $98,507
Depreciation and amortization (54,851) (55,631)
------------ -----------
Operating income $45,161 $42,876
============ ===========


Nine Months Ended
September 30,
------------------------
2005 2004
------------ -----------

OIBDA $304,506 $311,198
Depreciation and amortization (162,530) (163,826)
------------ -----------
Operating income $141,976 $147,372
============ ===========




(6) Reconciliation Data - Historical (continued)

MEDIACOM COMMUNICATIONS CORPORATION
Reconciliation of Free Cash Flow to Net Cash Flows
Provided by Operating Activities
(Dollars in thousands)
(Unaudited)

Nine Months Ended
September 30,
------------------------
2005 2004
------------ -----------

Free cash flow $(28,931) $41,530
Capital expenditures 179,230 126,047
Other expenses (987) (2,731)
Change in assets and liabilities, net (28,161) 7,312
------------ -----------
Net cash flows provided by operating
activities $121,151 $172,158
============ ===========

-------------------------

Note: Certain reclassifications have been made to prior period
amounts to conform to the current period presentation.



(7) Calculation - Free Cash Flow

MEDIACOM COMMUNICATIONS CORPORATION
(Dollars in thousands)
(Unaudited)

Three Months Ended
September 30,
------------------------
2005 2004
------------ -----------

OIBDA $100,012 $98,507
Cash taxes (234) (100)
Capital expenditures (67,352) (45,022)
Interest expense, net (52,374) (48,709)
------------ -----------
Free cash flow $(19,948) $4,676
============ ===========


Nine Months Ended
September 30,
------------------------
2005 2004
------------ -----------

OIBDA $304,506 $311,198
Cash taxes (423) (345)
Capital expenditures (179,230) (126,047)
Interest expense, net (153,784) (143,276)
------------ -----------
Free cash flow $(28,931) $41,530
============ ===========



(8) Summary Operating Statistics

MEDIACOM COMMUNICATIONS CORPORATION

Actual Actual Actual
September June September
30, 2005(a) 30, 2005 30, 2004(a)
---------- ---------- -----------

Estimated homes passed 2,802,000 2,800,000 2,780,000

Total revenue generating units
(RGUs) (b) 2,361,000 2,327,000 2,193,000
Quarterly net RGU additions 34,000 29,000 2,000
RGU penetration(c) 84.3% 83.1% 78.9%
Average monthly revenue per RGU(d) $39.10 $39.98 $39.69

Customer relationships(e) 1,477,000 1,489,000 1,495,000

Video
Basic subscribers 1,429,000 1,446,000 1,461,000
Quarterly net basic subscriber
losses (17,000) (15,000) (30,000)
Basic penetration(f) 51.0% 51.6% 52.6%
Digital customers 477,000 455,000 382,000
Quarterly net digital customer
additions 22,000 25,000 9,000
Digital penetration(g) 33.4% 31.5% 26.1%
Average monthly video revenue per
basic subscriber(h) $49.06 $49.52 $47.12

Data
Data customers 453,000 426,000 350,000
Quarterly net data customer
additions 27,000 19,000 23,000
Data penetration(i) 16.2% 15.2% 12.6%
Average monthly data revenue per
data customer(j) $37.73 $38.35 $38.59

Phone
Marketable phone homes(k) 455,000 15,000 -
Phone customers 2,000 NM -

Average total monthly revenue per
basic subscriber(l) $63.76 $63.60 $58.95

Note: Certain reclassifications have been made to prior period
amounts to conform to the current period presentation.

(a) Basic subscribers, digital customers and data customers as of
September 30, 2005 and 2004 reflect the Company's estimate of lost
subscribers and customers as a result of Hurricanes Dennis and
Katrina in 2005 and Hurricane Ivan in 2004.
(b) Represents the total of basic subscribers, digital customers, data
customers and phone customers at the end of each period.
(c) Represents RGUs as a percentage of estimated homes passed.
(d) Represents average monthly revenues for the last three months of
the period divided by average RGUs for such period.
(e) The total number of customers that receive at least one level of
service, encompassing video, data and phone, without regard to
which service(s) customers purchase.
(f) Represents basic subscribers as a percentage of estimated homes
passed.
(g) Represents digital customers as a percentage of basic subscribers.
(h) Represents average monthly video revenues for the last three
months of the period divided by average basic subscribers for such
period.
(i) Represents data customers as a percentage of estimated homes
passed.
(j) Represents average monthly data revenue for the last three months
of the period divided by average data customers for such period.
(k) Represents number of homes to which the Company is currently
marketing phone service.
(l) Represents average monthly revenues for the last three months of
the period divided by average basic subscribers for such period.