Northland Cable Television, Inc. Results for First Quarter 2005

Northland Cable Television, Inc. Results for First Quarter 2005

SEATTLE, May 12 /PRNewswire/ -- Attached are Northland Cable Television, Inc.'s first quarter 2005 summary financial results and other operating statistics. Thank you for your interest in Northland Cable Television, Inc. If you have any questions, please call Amy Thies at 206-621-1351.

NORTHLAND CABLE TELEVISION, INC.
STATEMENTS OF OPERATIONS - (UNAUDITED)

For the three months ended
March 31,
2005 2004

Service revenues $12,519 $12,523

Expenses:
Cable system operations 5,379 5,186
General and administrative 2,200 2,288
Management fees paid to parent 626 626
Depreciation and amortization 2,129 2,302
(Gain) loss on disposal of assets (274) 99
Total operating expenses 10,060 10,501

Income from operations 2,459 2,022

Other income (expense):
Interest expense (2,928) (2,898)
Interest income and other, net 9 25
(2,919) (2,873)

Loss from operations before income
tax expense (460) (851)

Income tax expense (342) (309)

Net loss (802) (1,160)

NORTHLAND CABLE TELEVISION, INC.
FIRST QUARTER 2005 OPERATING RESULTS

Quarter ended 3-31-05
vs.
Quarter ended 3-31-04

Total Revenue

3/31/2005 $12,518,834
3/31/2004 $12,523,682

Change $(4,848)
% Change -0.04%

Total Operating
Expenses

3/31/2005 $8,205,545
3/31/2004 $8,100,371

Change $105,174
% Change 1.30%

EBITDA

3/31/2005 $4,313,289
3/31/2004 $4,423,311

Change $(110,022)
% Change -2.49%

EBITDA Margin

3/31/2005 34.45%
3/31/2004 35.32%

% Change -0.87%

NORTHLAND CABLE TELEVISION, INC.
FIRST QUARTER 2005 CASH FLOW INFORMATION

DEBT & OPERATING CASH FLOW INFORMATION

Cash Balance at 3-31-05 1,947,539

Debt Balance at 3-31-05 112,210,000

Capital Expenditures for the three
months ended March 31, 2005 1,136,211

*Cash interest expense for the three
months ended March 31, 2005 2,773,788

**Debt to annualized operating cash
flow at March 31, 2005 6.49

Ratio of EBITDA to cash interest
expense for the three months
ended March 31, 2005 1.56

The above metrics are based on certain ratios, as defined in the terms of
the Company's
Amended and Restated Senior Credit Facility

* Cash interest expense is equal to total interest expense less
amortization of loan fees

** Includes interest income for the quarter ended March 31, 2005 of $9,166

NORTHLAND CABLE TELEVISION, INC.
FIRST QUARTER 2005 SYSTEM OPERATING STATISTICS

Quarter ended 3/31/2005 3/31/2004

% of digital ready subscribers 96% 93%

Basic subscribers 78,899 84,371
Expanded basic subscribers 54,990 56,711
Digital subscribers 9,094 8,605
Premium units 31,964 37,571
Data Subs 9,633 2,901

Revenue per average basic subscriber $52.93 $49.47

NORTHLAND CABLE TELEVISION, INC.
CORRECTION OF 12-31-04 DIGITAL SUBSCRIBERS

Due to a change in the packaging of its digital product, the Company
revises its digital subscriber count as of December 31, 2004 as follows:

Digital Subscribers
as of December 31, 2004

Digital subscribers - originally
reported 7,764
Digital Subscribers - revised 8,283

Increase in Digital Subscribers as of
12-31-04 519

Source: Northland Cable Television, Inc.

CONTACT: Amy Thies of Northland Cable Television, Inc., +1-206-621-1351

Web site: http://www.northlandcabletv.com/

-------
Profile: intent