Telecommunications Sources & Uses

Opening $2,400MM Revolver Availability $ 1,577 $ 347

Sources of Funds

Cash from operations – Telecommunications Services 955 1,160

Uses of Funds

Capital expenditures (1,091) (725)

Interest and preferred dividends (626) (701)

Investments:

Northcoast Communications and R/L DBS (240) (15)

WIZ, Clearview, Rainbow NY Group (162) (15)

Other (230) (8)

Total uses (2,349) (1,464)

Net uses (1,394) (304)

Ending Revolver Availability 183 43

Plus: Rainbow Media Group cash/cash from operations 89

Quadrangle & Bravo Sale Proceeds 75 300

Projected 2003 DBS Investment (75)

Adjusted Ending Revolver Availability $347 $268

Est. Proceeds from Northcoast sale $635 Adjusted Ending Revolver Availability $903

2002

2003

($ Millions )

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