Northland Cable Television, Inc. Results for Second Quarter 2005

Northland Cable Television, Inc. Results for Second Quarter 2005

SEATTLE, Aug. 15 /PRNewswire-FirstCall/ -- Attached are Northland Cable Television, Inc.'s second 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 For the six
months ended months ended
June 30, June 30,
2005 2004 2005 2004

Service revenues $12,848 $12,668 $25,367 $25,192

Expenses:
Cable system operations 5,474 5,152 10,853 10,338
General and administrative 2,402 2,253 4,602 4,541
Management fees paid to parent 642 633 1,268 1,260
Depreciation and amortization 2,133 2,335 4,261 4,638
Loss (gain) on disposal of assets 10 253 (263) 352
Total operating expenses 10,661 10,626 20,721 21,129

Income from operations 2,187 2,042 4,646 4,063

Other income (expense):
Interest expense (2,918) (2,874) (5,846) (5,771)
Interest income and other, net 13 6 22 31
(2,905) (2,868) (5,824) (5,740)

Loss from operations before income
tax expense (718) (826) (1,178) (1,677)

Income tax expense (507) (223) (849) (532)

Net loss (1,225) (1,049) (2,027) (2,209)

NORTHLAND CABLE TELEVISION, INC.
SECOND QUARTER 2005 OPERATING RESULTS

Quarter ended YTD ended
6-30-05 6-30-05
vs. vs.
Quarter ended YTD ended
6-30-04 6-30-04

Total Revenue

6/30/2005 $12,847,940 $25,366,773
6/30/2004 $12,667,905 $25,191,587

Change $180,035 $175,186
% Change 1.42% 0.70%

Total Operating Expenses

6/30/2005 $8,517,945 $16,723,489
6/30/2004 $8,038,412 $16,138,784

Change $479,533 $584,705
% Change 5.97% 3.62%

EBITDA

6/30/2005 $4,329,995 $8,643,284
6/30/2004 $4,629,493 $9,052,803

Change $(299,498) $(409,519)
% Change -6.47% -4.52%

EBITDA Margin

6/30/2005 33.70% 34.07%
6/30/2004 36.55% 35.94%

% Change -2.84% -1.86%

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

DEBT & OPERATING CASH FLOW INFORMATION

Cash Balance at 6-30-05 492,757

Debt Balance at 6-30-05 111,360,000

Capital Expenditures for the six months
ended June 30, 2005 2,276,780

*Cash interest expense for the three months
ended June 30, 2005 2,778,668

**Debt to annualized operating cash flow at June 30, 2005 6.41

Ratio of EBITDA to cash interest expense for the
three months ended June 30, 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 June 30, 2005 of $12,524

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

Quarter ended 6/30/2005 6/30/2004

% of digital ready subscribers 94% 92%

Basic subscribers 77,509 52,531
Expanded basic subscribers 54,902 55,170
Digital subscribers 9,722 8,220
Premium units 22,478 36,040
Data subs 10,218 3,930

Revenue per average basic subscriber $54.83 $50.80

Source: Northland Cable Television, Inc.

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

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

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