-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Eavv1C7n9451Hw5X+d75Eg+bIJsjTwoS6OAS409PJ8tzMv0kelm86dXAWkz0U2ou s1BE6zJEiap2/lAUk8UfGg== 0000809608-95-000017.txt : 19951119 0000809608-95-000017.hdr.sgml : 19951119 ACCESSION NUMBER: 0000809608-95-000017 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19950930 FILED AS OF DATE: 19951113 SROS: AMEX FILER: COMPANY DATA: COMPANY CONFORMED NAME: GALAXY CABLEVISION L P CENTRAL INDEX KEY: 0000809608 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 431429049 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-09423 FILM NUMBER: 95589810 BUSINESS ADDRESS: STREET 1: 1220 N MAIN STREET 2: C/O GALAXY CABLEVISION MANAGEMENT INC CITY: SIKESTON STATE: MO ZIP: 63801 BUSINESS PHONE: 3144713080 MAIL ADDRESS: STREET 1: 1220 N MAIN CITY: SIKESTON STATE: MO ZIP: 63801 10-Q 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 -------------------------- FORM 10-Q (Mark One) X QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly period ended September 30, 1995 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ____________ Commission file number 1-9423 GALAXY CABLEVISION, L.P. (Exact name of Registrant as specified in its charter) Delaware 43-1429049 ----------------------- ---------------------------------- (state of incorporation) (IRS Employer Identification Number) c/o Galaxy Cablevision Management, Inc. 1220 North Main, Sikeston, Missouri 63801 ----------------------------------------- ---------- (address of principle executive offices) (zip code) Registrant's telephone number, including area code (314) 471-3080 Indicate by check mark whether the Registrant (1) has filed all reports required by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the previous 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days: Yes X No ------- ------ Number of Limited Partnership Units outstanding as of November 8, 1995 - 2,142,000 GALAXY CABLEVISION, L.P. FORM 10-Q FOR THE NINE MONTHS ENDED SEPTEMBER 30 , 1995 INDEX PAGE PART I. Financial Information Item 1. Financial Statements ............... 3 Notes to Financial Statements .......... 7 Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations .................... 10 PART II. Other Information .................. 13 2 PART I. FINANCIAL INFORMATION ITEM 1. -- FINANCIAL STATEMENTS GALAXY CABLEVISION, L.P. (IN PROCESS OF LIQUIDATION-NOTES 1 & 2) STATEMENTS OF NET ASSETS IN PROCESS OF LIQUIDATION (unaudited) September 30, 1995 December 31, 1994 CASH AND CASH EQUIVALENTS $1,915,664 $14,571,652 OTHER CURRENT ASSETS 631,825 767,002 ESCROW DEPOSITS 0 100,000 DUE FROM AFFILIATES-NET 0 327,071 INVESTMENT IN AFFILIATE (Note 5) 3,800,000 2,500,000 CABLE TELEVISION SYSTEMS 0 3,550,000 NOTES RECEIVABLE 1,747,037 1,561,256 --------------- --------------- TOTAL ASSETS 8,094,526 23,376,981 --------------- --------------- NOTES PAYABLE 0 1,281,816 ACCOUNTS PAYABLE 0 602,448 ACCRUED EXPENSES AND OTHER LIABILITIES 94,720 703,383 ACCRUED DISTRIBUTIONS TO PARTNERS 0 11,250,909 RESERVE FOR ESTIMATED COSTS DURING PERIOD OF LIQUIDATION 525,017 1,200,000 --------------- --------------- TOTAL LIABILITIES 619,737 15,038,556 --------------- --------------- NET ASSETS IN PROCESS OF LIQUIDATION $ 7,474,789 $8,338,425 ========== =========== See notes to financial statements. 3 GALAXY CABLEVISION, L.P. (IN PROCESS OF LIQUIDATION-NOTES 1 & 2) STATEMENT OF CHANGES IN NET ASSETS IN PROCESS OF LIQUIDATION (unaudited) For the For the Three Months Ended Nine Months Ended September 30, 1995 September 30, 1995 -------------------- ------------------- Net Assets in Process of Liquidation, beginning of period $6,674,789 $8,338,425 Increase in Value of Investment of Affiliate 800,000 1,300,000 Expenses in Excess of Revenues from Operations (969) (684,238) Distributions paid (Note 4) 0 (2,163,636) Reduction in Reserve for Estimated Costs During Period of Liquidation 969 684,238 --------------- --------------- Net Assets in Process of Liquidation as of September 30, 1995 $7,474,789 $7,474,789 ========== =========== 4 GALAXY CABLEVISION, L.P. STATEMENT OF OPERATIONS (Historical Cost Basis) (Unaudited) For the For the Three Months Ended Nine Months Ended September 30, 1994 September 30, 1994 -------------------- ------------------- SUBSCRIPTION SERVICES REVENUE $5,085,018 $15,244,882 --------------- --------------- OPERATING EXPENSES: Systems operations (exclusive of depreciation and amortization expense shown separately below): Related Party 1,500 20,346 Other 2,172,372 6,242,628 --------------- --------------- 2,173,872 6,262,974 Selling, general and administrative: Related Party 331,225 1,206,808 Other 1,112,171 3,121,312 --------------- --------------- 1,443,396 4,328,120 Depreciation Expense 646,432 3,848,646 Amortization Expense 110,284 353,963 --------------- --------------- Total operating expenses 4,373,984 14,793,703 --------------- --------------- OPERATING INCOME 711,034 451,179 GAIN ON SALE OF CABLE SYSTEMS 31,552,357 31,552,357 EQUITY IN LOSS OF INVESTEE (188,615) (593,708) INTEREST INCOME 36,979 109,443 OTHER EXPENSE (NET) (71,294) (152,754) INTEREST EXPENSE (587,419) (1,448,170) --------------- --------------- NET EARNINGS $31,453,042 $29,918,347 ========== =========== ALLOCATION OF NET EARNINGS General Partners $ 314,530 $ 299,183 ========== =========== Limited Partners $31,138,512 $29,918,347 ========== =========== NET EARNINGS PER LIMITED PARTNERSHIP UNIT $ 14.54 $ 13.83 ========== =========== 5 WEIGHTED AVERAGE NUMBER OF LIMITED PARTNERSHIP UNITS OUTSTANDING 2,142,000 2,142,000 ========== =========== See notes to financial statements. 6 GALAXY CABLEVISION, L.P. STATEMENT OF CASH FLOWS (Historical Cost Basis) (Unaudited) For the For the Three Months Ended Nine Months Ended September 30, 1994 September 30, 1994 -------------------- ------------------- CASH FLOWS FROM OPERATING ACTIVITIES: Net Earnings (Historical Cost Basis) $31,453,042 $29,918,347 Adjustments to reconcile net loss to net cash flow provided by operating activities: Depreciation and amortization 756,716 4,202,609 Gain on sale of cable systems (31,552,357) (31,552,375) Loss on sale of assets 12,061 27,281 Equity in loss of investee 188,615 593,708 Net changes in assets and liabilities: Subscriber receivables 266,672 150,450 Prepaid expenses and other assets 233,422 49,536 Due to affiliate - net 76,857 (84,874) Accounts payable 386,744 532,346 Accrued expenses and other liabilities (279,624) (306,097) --------------- --------------- Net cash provided by operating activities 1,542 148 3,530,949 --------------- --------------- CASH FLOWS FROM INVESTING ACTIVITIES: Proceeds from sale of cable systems 41,491,051 41,491,051 Proceeds from sale of assets (18,565) 7,817 Upgrade of cable TV systems (252,503) (1,161,610) Purchase of vehicles and equipment (61,653) (449,164) Proceeds from note receivable 13,550 --------------- --------------- Net cash provided by investing activities 41,158,330 39,901,644 --------------- --------------- 7 GALAXY CABLEVISION, L.P. STATEMENT OF CASH FLOWS (Historical Cost Basis) (Unaudited) For the For the Three Months Ended Nine Months Ended September 30, 1994 September 30, 1994 -------------------- ------------------- CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from borrowing 85,230 Repayments of borrowings (24,326,414) (25,410,225) --------------- --------------- Net cash used in financing activities (24,326,414) (25,324,995) --------------- --------------- NET INCREASE IN CASH 18,374,064 18,107,598 CASH AT BEGINNING OF THE PERIOD 208,879 475,345 --------------- --------------- CASH AT END OF THE PERIOD $ 18,582,943 $ 18,582,943 ========== =========== SUPPLEMENTAL CASH FLOW INFORMATION Cash paid for interest $ 741,515 $ 1,659,661 ========== =========== See notes to financial statements. 8 GALAXY CABLEVISION, L.P. (In Process of Liquidation - Notes 1 & 2) NOTES TO THE FINANCIAL STATEMENTS (Unaudited) 1. STATEMENT OF ACCOUNTING PRESENTATIONS AND OTHER INFORMATION The attached interim financial statements are unaudited; however, in the opinion of management, all adjustments necessary for a fair presentation of financial position and results of operations have been made, including those required for liquidation basis accounting. The interim financial statements are presented in accordance with the rules and regulations of the Securities and Exchange Commission and consequently do not include all the disclosures required by generally accepted accounting principles. It is suggested that the accompanying financial statements be read in conjunction with the Partnership's Annual Report on Form 10-K for the year ended December 31, 1994. On September 30, 1994, the partnership adopted the liquidation basis of accounting as a result of the Texas-Louisiana Sale (see below). The statements of net assets in process of liquidation at September 30, 1995 and December 31, 1994 and the statements of changes in net assets in process of liquidation for the three months and nine months ended September 30, 1995 have been prepared on a liquidation basis. Assets have been presented at estimated net realizable value and liabilities have been presented at estimated settlement amounts. The valuation of assets and liabilities necessarily requires many estimates and assumptions and there are uncertainties in carrying out the liquidation of the Partnership's assets. The actual value of liquidating distributions, if any, will depend on a variety of factors, including the actual timing of distributions to Unitholders, and the resolution of the Partnership's contingent liabilities and the costs of winding up. The actual amounts are likely to differ from the amounts presented in the financial statements. The statements of operations and cash flows for the three months and nine months ended September 30, 1994 have been prepared using the historical cost (going concern) basis of accounting on which the Partnership had previously been reporting its financial condition and its results of operations. 2. SALE OF CABLE TELEVISION SYSTEMS On September 30, 1994, the partnership sold all of the Texas- Louisiana Systems, which consisted of 34,355 basic subscribers as 9 of such date (approximately 59% of the Partnership's total basic subscribers), to Friendship Cable of Texas. Inc. (the "Texas- Louisiana Sale") for a purchase price of $42,625,000 (before proration of certain expenses). The Kentucky Systems, which served 15,270 basic subscribers as of November 30, 1994, were sold on December 23, 1994 to Galaxy Telecom, L.P. (the "Kentucky Sale") for $18,437,500 (before proration of certain expenses). On December 7, 1994 the Austin Systems, which served 5,417 basic subscribers as of November 30, 1994, were sold to Time Warner Entertainment Company, L.P., through its division Time Warner Cable Ventures ("Time Warner") for $7,300,000 (before proration of certain expenses). On March 31, 1995 the Cameron Systems, which served 3,755 basic subscribers as of such date, were sold to Galaxy Telecom, L.P. for a purchase price of $3,550,000. The purchase price was paid by delivery to the Partnership of cash in the amount of $3,350,000 (before proration of certain expenses), and a promissory note in the amount of $200,000 executed by Galaxy Telecom, Inc., the managing general partner of Galaxy Telecom, L.P. The $200,000 promissory note (the "Telecom Note") is a balloon note under which all principal and interest are due and payable in March, 2004. Interest is compounded annually and accrues at rates from 9% to 17% over the 9 year term. This note is included in notes receivable on the statement of net assets in process of liquidation as of September 30, 1995. On December 23, 1995, the same date the Partnership entered into a definitive asset purchase agreement to sell the Cameron Systems, an agreement was reached between Galaxy and the Gleasons providing for the purchase of the Telecom Note by the Gleasons from the partnership upon the Partnership making one or more distributions to Unitholders amounting in the aggregate to $1 per Unit or more, excluding any distribution from the proceeds of the Kentucky Sale or the Cameron Sale. Under the agreement (the "Put Agreement"), the purchase price to be paid by the Gleasons for the Telecom Note is equal to the principal plus all accrued interest as of the date of such purchase. 3. RELATED PARTY TRANSACTIONS The Partnership has historically shared certain operational and administrative expenses with other companies affiliated with the General Partners. Expenses which cannot be specifically identified to a particular company are allocated to the various companies using a formula that relates benefits derived to 10 subscribers of each company, homes passed of each company and/or revenues of each company. Management believes this allocation method and the resulting expenses are reasonable. For the three months ended September 30, 1994, there were $1,500 of systems operating expenses and $331,225 of selling, general and administrative expenses allocated to the Partnership from a related party. For the nine months ended September 30, 1994, there were $20,346 of systems operating expenses and $1,206,808 of selling, general and administrative expenses allocated to the Partnership from a related party. There were no such expenses for the three months ended September 30, 1995. For the nine months ended September 30, 1995 there were $1,846 of systems operation expenses and $2,266 of selling, general and administrative expenses allocated to the Partnership from a related party. The Partnership pays to the Managing General Partner management fees for management services. Payments for such expenses for the three month and nine month periods ended September 30, 1995 were $3,774 and$26,446, respectively. Payments for the three months ended September 30, 1994 totaled $229,634. Payments for the nine months ended September 30, 1994 totaled $686,828. The Partnership has historically used a related entity to provide air travel to the various regions where it operates CATV systems and the corporate offices. These payments totaled $33,361 and $92,958 for the three months ended September 30, 1994 and the nine month period ended September 30, 1994, respectively. There were no such expenses during 1995. The expense is based on an hourly in-flight charge plus fuel and other direct costs. In addition, the Partnership leases certain office space from a shareholder of a related entity. The rental expenses for the third quarter of 1994 and 1995 were $30,000 and $0, respectively. The rental expenses for the first nine months of 1994 and 1995 were $86,503 and $26,400, respectively. Such transactions with related entities are on terms at least as favorable as those prices and terms being offered generally in the same marketplace by unrelated entities for goods and services as nearly identical as possible in regard to quality, technical advancement and availability. 4. DISTRIBUTIONS TO UNITHOLDERS AND GENERAL PARTNERS On April 10, 1995, the Managing General Partner of the Partnership approved a distribution of $1.00 per unit payable on May 5, 1995, to the Unitholders of record as of the close of business on April 24, 1995. This distribution resulted in a payment of $2,142,000 to the Unitholders and $21,636 to the General Partners. 11 5. INVESTMENT IN AFFILIATE The investment in affiliate, "Charter Holdings Investment", has been adjusted to approximate the net realizable value of the Company's investment assuming a discount factor of approximately 30% applied to the quoted price of CableMaxx, Inc. common stock multiplied by the estimated number of shares of such common stock indirectly owned by the Partnership through its investment in Charter Wireless Cable Holdings, L.L.C. (approximately 730,000 shares). The only assets held by Charter Wireless Holdings, L.L.C. are shares of CableMaxx, Inc, a publicly traded operator of certain wireless cable television systems located in Texas. On September 12, 1995, CableMaxx, Inc. (_CableMaxx_) announced the signing of a definitive agreement with Heartland Wireless Communications, Inc. (_Heartland_) in connection with a proposed merger of CableMaxx into a subsidiary of Heartland. In the merger, CableMaxx stockholders would receive newly issued publicly tradable shares of Heartland valued at $8.50 per share of CableMaxx stock subject to adjustment and CableMaxx would become a wholly owned subsidiary of Heartland. 12 PART I. FINANCIAL INFORMATION ITEM 2.--MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS RESULTS OF OPERATIONS The Partnership realized no revenues in excess of expenses from operations during the first nine month of 1995, as expenses incurred were generally anticipated and within amounts accrued for such purposes under accrued expenses and other liabilities and reserve for estimated costs during period of liquidation. Aside from such expenses, no adjustment was made to the reserve for estimated costs during the period of liquidation. The revenues in excess of expenses from operations is unaffected by depreciation and amortization expenses, as such expenses are not recognized under liquidation basis accounting. LIQUIDITY AND CAPITAL RESOURCES As of December 31, 1994, the Partnership had $14,571,652 in cash and cash equivalents deposited primarily in interest-bearing accounts. On January 20, 1995, the Partnership paid distributions to the Unitholders and General Partners in the amount of $11,250,909. On January 31, 1995 the Partnership paid $450,000 to satisfy total in full all principal indebtedness under its Revolving Credit and Term Loan Agreement with Fleet National Bank. On March 31, 1995 the Partnership received cash proceeds from the Cameron Sale of $3,350,000. On May 5, 1995 the Partnership paid distributions to the Unitholders and General Partners in the total amount of $2,163,636. During the first nine months of 1995, the Partnership also paid other liabilities and expenses, leaving a balance of $1,915,664 in cash and cash equivalents deposited mainly in interest-bearing accounts as of September 30, 1995. As of September 30, 1995, other current assets is comprised of interest accrued on notes receivable of $606,291, and miscellaneous receivables of $25,321. As of September 30, 1995, cash and cash equivalents exceeded total liabilities by $1,295,927. The liquidity needs of the Partnership for the remainder of 1995 are expected to be satisfied by existing cash reserves or by the proceeds from the sale of the remaining assets. 13 The Partnership accrued a reserve of $1,200,000 as of December 31, 1994 to cover certain costs during the period of liquidation, such as the accrual for state income taxes, future losses from operations of the Cameron Systems, future state income tax liabilities, professional fees, general and administration expenses, contingency reserves and other costs related to dissolution and winding up. Actual expenses of $674,983 were paid in 1995 and charged against such reserve, reducing the reserve to $525,017 as of September 30, 1995. DISSOLUTION; WINDING UP Having sold all of its operating assets, the Partnership is now in dissolution. The Managing General Partner is in the process of liquidating the Partnership's non-operating assets and winding up the Partnership's affairs. In connection with the Cameron Sale, Galaxy received and now holds the Telecom Note, which is a promissory note in the amount of $200,000 from Galaxy Telecom, Inc., the managing general partner of Galaxy Telecom, L.P., the purchaser of the Cameron Systems. Galaxy also holds the Harron Note, which is a note receivable in the face amount of $1,500,000 from Harron Cablevision of Texas, Inc. Galaxy's only other significant non-cash asset is its minority (approximately 14.6%) interest in Charter Wireless Cable Holdings, L.L.C. ("Charter Holdings"), which is the majority owner of CableMaxx, Inc. a publicly traded operator of certain wireless cable television systems located in Texas (the "Charter Holdings Investment"). None of the Telecom Note, the Harron Note or the Charter Holdings Investment are currently liquid. Under the terms of the governing documents of Charter Holdings, the Partnership cannot transfer its ownership interest in Charter Holdings without the consent of the other members and, even if such consents were obtained, the Managing General Partner believes the Partnership would be required to sell its investment at a substantial discount. However, the Managing General Partner believes that Charter Holdings may ultimately either liquidate its investment in CableMaxx and distribute the proceeds to the members, including Galaxy, or distribute the CableMaxx stock directly to the members. It is therefore the Managing General Partner's current intention to continue to hold the Charter Holdings Investment until such distribution unless the Partnership is able to sell the investment without substantial discount. The Partnership cannot predict when it will receive distributions, if any, in respect of the Charter Holdings Investments. The Harron Note is a balloon note under which all principal and accrued interest is not payable until June 1996. Principal and interest accrued through September 30, 1995 equals approximately 14 $2,100,000. Although the Partnership is not restricted from selling the Harron Note, the Managing General Partner believes that such a sale would be at a substantial discount to the value of the note. As a result, the Managing General Partner currently expects to hold the Harron Note until its maturity. The Telecom Note is also a balloon note, under which all principal and accrued interest are due and payable in March 2004. Galaxy is restricted from selling the Telecom Note to anyone except an affiliate of the Partnership. On December 23, 1994, Galaxy entered into an agreement with Tommy L. Gleason and Tommy L. Gleason, Jr. (the "Gleasons") which requires the Gleasons to purchase the Telecom Note from the Partnership upon the Partnership thereafter making one or more distributions to Unitholders amounting in the aggregate to $1 per Unit or more, excluding any distribution from the proceeds of the Kentucky Sale or the Cameron Sale. Under the agreement (the "Put Agreement"), the purchase price to be paid by the Gleasons for the Telecom Note is equal to the principal plus all accrued interest as of the date of such purchase. The Managing General Partner currently intends to hold the Telecom Note until it is purchased by the Gleasons in accordance with the Put Agreement. In connection with the Texas-Louisiana Sale and the Austin Sale, the Partnership has undertaken certain indemnification obligations. Specifically, Galaxy has agreed to indemnify Friendship, the purchaser of the Texas-Louisiana Systems, for certain damages, liabilities, costs and expenses incurred by Friendship solely as a result of any breach by Galaxy of any written representation, warranty agreement or covenant of Galaxy contained in the Texas-Louisiana Purchase Agreement and for liabilities arising out of ownership of the systems prior to September 30, 1994. The Partnership's maximum liability for such breach is $2,000,000. Galaxy's representations and warranties survive until March 31, 1996 (except as to tax matters, which survive for the applicable statute of limitations). Any claims for indemnification cannot be made until the total of all such claims exceeds $50,000. The Partnership has also agreed to indemnify Time Warner, the purchaser of the Austin Systems, for certain claims, losses, liabilities, damages, liens, penalties, costs and expenses incurred by Time Warner as a result of any breach by Galaxy of any written representation, warranty, agreement or covenant of Galaxy contained in the Austin Purchase Agreement. The Partnership's maximum liability for such breach is $1,200,000. The representations and warranties survive until June 7, 1996, and any claim for indemnification must be made by September 5, 15 1996. No claim can be made until the total of all such claims exceeds $25,000. The risk of Galaxy being required to pay an indemnification claim is a factor which the Managing General Partner will consider in determining the amount and timing of any future distributions to Unitholders. The Managing General Partner believes that the likelihood of such a claim being brought by Friendship or Time Warner decreases with the passage of time. 16 PART II. OTHER INFORMATION Items 1 through 5 None. Item 6 (a) Exhibits Exhibit Number Description Reference 3(a) Certificate of Limited Incorporated by reference Partnership of Registrant, to Exhibit 3(a) of filed with the state of Amendment No. 1 (filed Delaware on December 15, 1986. February 18, 1987) to Galaxy's Registration Statement on Form S-1 (filed January 16, 1987), Commission File No. 33- 11388. 3(b) Amended and Restated Incorporated by reference Certificate of Limited to Exhibit 3(b) of Partnership of Registrant, Amendment No. 1 (filed filed with the Secretary of February 18, 1987) to State of Delaware on January Galaxy's Registration 16, 1987. Statement on Form S-1 (filed January 16, 1987), Commission File No. 33- 11388. 3(c) Amended and Restated Agreement Incorporated by reference of Limited Partnership of to Exhibit 3(c) of Registrant, dated February 1, Amendment No. 1 (filed 1987 February 18, 1987) to Galaxy's Registration Statement on Form S-1 (filed January 16, 1987), Commission File No. 33- 11388. (b) Reports on Form 8-K 17 No current report on Form 8-K was filed by the Partnership during the quarter ended September 30, 1995. 18 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. GALAXY CABLEVISION, L.P. BY: GALAXY CABLEVISION MANAGEMENT, L.P., as Managing General Partner BY: GALAXY CABLEVISION MANAGEMENT, INC., as General Partner Date: November 13, 1995 /s/ Tommy L. Geason, Jr. ______________________________ BY: Tommy L. Gleason, Jr. President and Director Date: November 13, 1995 /s/ J. Keith Davidson _________________________________ BY: J. Keith Davidson Chief Financial Officer 19 EX-27 2
5 3-MOS DEC-31-1995 SEP-30-1995 1915664 0 0 0 0 631825 0 0 8094526 619737 0 0 0 0 0 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
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