MSOs Create Reporting Guidelines

NEW YORK -- The nation's leading cable operators today announced new voluntary guidelines to provide investors with the best possible understanding of metrics that are important to company operations.Chief Executive Officers of 11 publicly traded multiple system operators (MSOs) today pledged to support and adhere to the new guidelines. Established with the support of the National Cable & Telecommunications Association (NCTA), the new guidelines seek to provide more consistency in the reporting of operating statistics in capital expenditures and customer relationships. The new guidelines:

“In order to provide more consistency in the reporting of operating statistics in capital expenditures and customer relationships, we pledge to join our peer companies in adhering to standard reporting categories in these areas,” says the commitment made today by the MSOs. “We remain committed to providing all of our investors the clearest possible view into our business and financial operations.”The publicly traded MSOs, which have pledged to implement the new reporting guidelines no later than the first quarter of 2003, include AT&T Broadband; Time Warner Cable; Comcast Cable Communications; Charter Communications; Cox Communications; Adelphia Communications; Cablevision Systems Corporation; Mediacom Communications; Insight Communications; CableOne; and General Communications, Inc. (GCI). National Cable & Telecommunications Association