Northland Cable Television, Inc. Results for Third Quarter 2005

Northland Cable Television, Inc. Results for Third Quarter 2005

SEATTLE, Nov. 16 /PRNewswire/ -- Attached are Northland Cable Television, Inc.'s third 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 nine
months ended months ended
September 30, September 30,
2005 2004 2005 2004

Service revenues $12,889 $12,534 $37,919 $37,340

Expenses:
Cable system operations 5,545 5,196 16,242 15,364
General and administrative 2,435 2,388 6,962 6,847
Management fees paid to parent 644 626 1,896 1,867
Other operating loss 38 -- 38 --
Depreciation and amortization 1,993 2,333 6,216 6,893
(Gain) loss on disposal of assets -- (49) (264) 302
Total operating expenses 10,655 10,494 31,090 31,273

Income from operations 2,234 2,040 6,829 6,067

Other income (expense):
Interest expense (2,913) (2,928) (8,759) (8,699)
Interest income and other, net 24 8 46 39
(2,889) (2,920) (8,713) (8,660)

Loss from continuing operations before
income tax expense (655) (880) (1,884) (2,593)

Income tax expense (450) (163) (1,299) (696)

Loss from continuing operations (1,105) (1,043) (3,183) (3,289)

Discontinued operations:
Income from operations of Navasota
system 669 10 720 46
Loss from sale of Port Angeles
system (144) -- (144) --

Net Loss (580) (1,033) (2,607) (3,243)

NORTHLAND CABLE TELEVISION, INC.
THIRD QUARTER 2005 OPERATING RESULTS FROM CONTINUING OPERATIONS

Quarter ended YTD ended
9-30-05 9-30-05
(pro forma) (pro forma)
vs. vs.
Quarter ended YTD ended
9-30-04 9-30-04
(pro forma) (pro forma)

Total Revenue

9/30/2005 $12,888,804 $37,918,807
9/30/2004 $12,534,211 $37,340,197

Change $354,593 $578,610
% Change 2.83% 1.55%

Total Operating Expenses

9/30/2005 $8,662,823 $25,138,141
9/30/2004 $8,210,456 $24,077,697

Change $452,367 $1,060,444
% Change 5.51% 4.40%

EBITDA

9/30/2005 $4,225,981 $12,780,666
9/30/2004 $4,323,755 $13,262,500

Change $(97,774) $(481,834)
% Change -2.26% -3.63%

EBITDA Margin

9/30/2005 32.79% 33.71%
9/30/2004 34.50% 35.52%

% Change -1.71% -1.81%

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

DEBT & OPERATING CASH FLOW INFORMATION

Cash Balance at 9-30-05 $4,505,095

Debt Balance at 9-30-05 111,360,000

Capital Expenditures for the nine
months ended September 30, 2005 3,971,601

*Cash interest expense for the three
months ended September 30, 2005 2,773,804

**Debt to annualized operating cash
flow at September 30, 2005 6.49

Ratio of EBITDA to cash interest
expense for the three months
ended September 30, 2005 1.52

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 September 30, 2005 of
$24,423

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

Quarter ended 9/30/2005 9/30/2004
(pro forma)

% of digital ready subscribers 96% 96%

Basic subscribers 76,419 80,629
Digital subscribers 9,709 8,181
Data subscribers 13,301 6,891
Telephone subscribers 328 --

RGU's 99,757 95,701

Expanded basic subscribers 54,858 54,539
Premium subscribers 21,392 26,499

Revenue per average basic subscriber $56.42 $51.88

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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