##### Table of Contents



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 WASHINGTON, D.C. 20549
 
 FORM 10-Q
 
 Quarterly Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 For the quarterly period ended September 30, 2008
 Commission File Numbers:  333-57285-01
                                          
   333-57285
 Mediacom LLC
 Mediacom Capital Corporation*
 (Exact names of Registrants as specified in their charters)
 New York 
New York
    
    06-1433421
06-1513997(State or other jurisdiction of
    
    (I.R.S. Employerincorporation or organization)
    
    Identification Numbers)
 100 Crystal Run Road
Middletown, New York 10941  (Address of principal executive offices)
 (845) 695-2600  (Registrants telephone number)
  o þ
   o Large accelerated filers
    
    o Accelerated filers
    
    þ Non-accelerated filers
    
    o Smaller reporting company
  o þ
  *
    
    Mediacom Capital Corporation meets the conditions set forth in General
Instruction H (1) (a) and (b) of Form 10-Q and is therefore filing
this form with the reduced disclosure format.




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##### 



MEDIACOM LLC AND SUBSIDIARIES
 FORM 10-Q
FOR THE PERIOD ENDED SEPTEMBER 30, 2008
 TABLE OF CONTENTS
 PagePART IItem 1. Financial StatementsConsolidated Balance Sheets (unaudited) September 30, 2008 and December 31, 2007
    
    
    4Consolidated Statements of Operations (unaudited) Three and Nine Months Ended September 30, 2008 and 2007
    
    
    5Consolidated Statements of Cash Flows (unaudited) Nine Months Ended September 30, 2008 and 2007
    
    
    6Notes to Consolidated Financial Statements (unaudited)
    
    
    7Item 2. Managements Discussion and Analysis of Financial Condition and Results of Operations
    
    
    15Item 3. Quantitative and Qualitative Disclosures about Market Risk
    
    
    27Item 4. Controls and Procedures
    
    
    27PART IIItem 1. Legal Proceedings
    
    
    28Item 1A. Risk Factors
    
    
    28Item 6. Exhibits
    
    
    28Exhibit 31.1Exhibit 31.2Exhibit 32.1Exhibit 32.2
   2




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Cautionary Statement Regarding Forward-Looking Statements
    3




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PART I
 
 ITEM 1. FINANCIAL STATEMENTS
 MEDIACOM LLC AND SUBSIDIARIES
 
 CONSOLIDATED BALANCE SHEETS
   September 30,
    
    
    December 31,2008
    
    
    2007ASSETSCURRENT ASSETSCash
    
    $
    15,531
    
    
    $
    9,585Accounts receivable, net of allowance for doubtful accounts of $940 and $900
    
    
    35,750
    
    
    
    34,415Prepaid expenses and other current assets
    
    
    9,344
    
    
    
    8,485Total current assets
    
    
    60,625
    
    
    
    52,485Preferred equity investment in affiliated company
    
    
    150,000
    
    
    
    150,000Investment in cable television systems:Property, plant and equipment, net of accumulated depreciation of
$1,078,292 and $1,002,953
    
    
    705,543
    
    
    
    686,987Franchise rights
    
    
    550,709
    
    
    
    550,763Goodwill
    
    
    16,642
    
    
    
    16,642Subscriber
lists, net of accumulated amortization of $137,930 and $137,745
    
    
    1,020
    
    
    
    1,013Total investment in cable television systems
    
    
    1,273,914
    
    
    
    1,255,405Other assets, net of accumulated amortization of $16,713 and $15,159
    
    
    11,257
    
    
    
    9,256Total assets
    
    $
    1,495,796
    
    
    $
    1,467,146LIABILITIES AND MEMBERS DEFICITCURRENT LIABILITIESAccounts payable, accrued expenses and other current liabilities
    
    $
    224,876
    
    
    $
    189,063Deferred revenue
    
    
    24,429
    
    
    
    22,879Current portion of long-term debt
    
    
    29,500
    
    
    
    26,500Total current liabilities
    
    
    278,805
    
    
    
    238,442Long-term debt, less current portion
    
    
    1,458,125
    
    
    
    1,479,000Other non-current liabilities
    
    
    8,546
    
    
    
    17,354Total liabilities
    
    
    1,745,476
    
    
    
    1,734,796Commitments and contingencies (Note 8)MEMBERS DEFICITCapital contributions
    
    
    434,522
    
    
    
    438,517Accumulated deficit
    
    
    (684,202
    )
    
    
    (706,167
    )Total members deficit
    
    
    (249,680
    )
    
    
    (267,650
    )Total liabilities and members deficit
    
    $
    1,495,796
    
    
    $
    1,467,146
 
  4




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MEDIACOM LLC AND SUBSIDIARIES
 
 CONSOLIDATED STATEMENTS OF OPERATIONS
 Three Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,2008
    
    
    2007
    
    
    2008
    
    
    2007Revenues
    
    $
    155,648
    
    
    $
    144,276
    
    
    $
    458,462
    
    
    $
    421,263Costs and expenses:Service costs (exclusive of depreciation
and amortization)
    
    
    67,595
    
    
    
    62,740
    
    
    
    197,955
    
    
    
    181,585Selling, general and administrative expenses
    
    
    27,607
    
    
    
    27,612
    
    
    
    81,199
    
    
    
    79,034Management fee expense
    
    
    2,954
    
    
    
    2,461
    
    
    
    8,786
    
    
    
    7,522Depreciation and amortization
    
    
    26,217
    
    
    
    28,383
    
    
    
    83,420
    
    
    
    82,277Operating income
    
    
    31,275
    
    
    
    23,080
    
    
    
    87,102
    
    
    
    70,845Interest expense, net
    
    
    (25,027
    )
    
    
    (30,212
    )
    
    
    (77,109
    )
    
    
    (89,504
    )Gain (loss) on derivatives, net
    
    
    2,854
    
    
    
    (6,053
    )
    
    
    1,745
    
    
    
    (4,228
    )(Loss) gain on sale of cable systems, net
    
    
    
    
    
    
    (1,703
    )
    
    
    (170
    )
    
    
    9,078Investment income from affiliate
    
    
    4,500
    
    
    
    4,500
    
    
    
    13,500
    
    
    
    13,500Other expense, net
    
    
    (1,014
    )
    
    
    (869
    )
    
    
    (3,098
    )
    
    
    (3,021
    )Net income (loss)
    
    $
    12,588
    
    
    $
    (11,257
    )
    
    $
    21,970
    
    
    $
    (3,330
    )
 
  5




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MEDIACOM LLC AND SUBSIDIARIES
 
 CONSOLIDATED STATEMENTS OF CASH FLOWS
   Nine Months EndedSeptember 30,2008
    
    
    2007OPERATING ACTIVITIES:Net income (loss)
    
    $
    21,970
    
    
    $
    (3,330
    )Adjustments to reconcile net income (loss) to net cash flows
provided by operating activities:Depreciation and amortization
    
    
    83,420
    
    
    
    82,277(Gain) loss on derivatives, net
    
    
    (1,745
    )
    
    
    4,228Loss (gain) on sale of cable systems, net
    
    
    170
    
    
    
    (9,078
    )Amortization of deferred financing costs
    
    
    1,554
    
    
    
    1,663Share-based compensation
    
    
    311
    
    
    
    337Changes in assets and liabilities, net of effects from acquisitions:Accounts receivable, net
    
    
    (1,557
    )
    
    
    (1,838
    )Prepaid expenses and other assets
    
    
    (2,679
    )
    
    
    (9,607
    )Accounts payable, accrued expenses and other current liabilities
    
    
    29,370
    
    
    
    16,508Deferred revenue
    
    
    1,550
    
    
    
    1,971Other non-current liabilities
    
    
    (1,142
    )
    
    
    (1,232
    )Net cash flows provided by operating activities
    
    $
    131,222
    
    
    $
    81,899INVESTING ACTIVITIES:Capital expenditures
    
    
    (102,534
    )
    
    
    (83,151
    )Acquisition of cable system
    
    
    
    
    
    
    (7,274
    )Proceeds from sale of cable systems
    
    
    
    
    
    
    24,782Net cash flows used in investing activities
    
    $
    (102,534
    )
    
    $
    (65,643
    )FINANCING ACTIVITIES:New borrowings
    
    
    151,000
    
    
    
    91,034Repayment of debt
    
    
    (168,875
    )
    
    
    (112,257
    )Capital distributions
    
    
    (64,000
    )
    
    
    Capital contributions
    
    
    60,000
    
    
    
    Other financing activities (including book overdrafts)
    
    
    (867
    )
    
    
    Net cash flows used in financing activities
    
    $
    (22,742
    )
    
    $
    (21,223
    )Net increase (decrease) in cash
    
    
    5,946
    
    
    
    (4,967
    )CASH, beginning of period
    
    
    9,585
    
    
    
    11,501CASH, end of period
    
    $
    15,531
    
    
    $
    6,534SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:Cash paid during the period for interest, net of amounts capitalized
    
    $
    92,098
    
    
    $
    112,120
 
  6




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MEDIACOM
LLC AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
 1. ORGANIZATION
  Fair Value Measurements.
   Reclassifications
  2. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS
 Fair Value Measurements.
  
    
    Level 1  Quoted market prices in active markets for identical assets or liabilities.
    
    Level 2  Observable market based inputs or unobservable inputs that are corroborated by
market data.
    
    Level 3  Unobservable inputs that are not corroborated by market data.
  7




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##### Table of Contents



The Fair Value Option for Financial Assets
and Financial Liabilities  Including an amendment of FASB Statement No. 115.
 Business Combinations,
 Disclosures about Derivative Instruments and
Hedging Activitiesan amendment of FASB Statement No. 133.
 3. PROPERTY, PLANT AND EQUIPMENT
  September 30,
    
    
    December 31,2008
    
    
    2007Cable systems, equipment and subscriber devices
    
    $
    1,710,053
    
    
    $
    1,618,089Vehicles
    
    
    32,920
    
    
    
    32,349Furniture, fixtures and office equipment
    
    
    22,635
    
    
    
    21,696Buildings and leasehold improvements
    
    
    16,690
    
    
    
    16,278Land and land improvements
    
    
    1,537
    
    
    
    1,5281,783,835
    
    
    
    1,689,940Accumulated depreciation
    
    
    (1,078,292
    )
    
    
    (1,002,953
    )Property, plant and equipment, net
    
    $
    705,543
    
    
    $
    686,987
 Change in Estimate Useful lives
  Useful lives (in years)From
    
    
    ToPlant and equipment
    
    
    12
    
    
    
    16Customer premise equipment
    
    
    5
    
    
    
    7
   8




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4. ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
  September 30,
    
    
    December 31,2008
    
    
    2007Accounts payable  affiliates
    
    $
    101,475
    
    
    $
    48,823Book
overdrafts (1)
    
    
    21,628
    
    
    
    22,497Accrued programming costs
    
    
    17,074
    
    
    
    17,844Accrued taxes and fees
    
    
    16,527
    
    
    
    17,383Accrued interest
    
    
    13,676
    
    
    
    27,957Accrued property, plant and equipment
    
    
    12,224
    
    
    
    4,376Accrued service costs
    
    
    9,400
    
    
    
    10,879Accrued payroll and benefits
    
    
    8,975
    
    
    
    9,369Liability under interest rate exchange agreements
    
    
    7,308
    
    
    
    Subscriber advance payments
    
    
    5,689
    
    
    
    5,962Accounts payable
    
    
    3,632
    
    
    
    8,579Accrued telecommunications costs
    
    
    2,753
    
    
    
    6,726Other accrued expenses
    
    
    4,515
    
    
    
    8,668Accounts payable, accrued expenses and other current liabilities
    
    $
    224,876
    
    
    $
    189,063
 (1)
    
    Book overdrafts represent outstanding checks in excess of funds on deposit at our
disbursement accounts. We transfer funds from our depository accounts to our disbursement
accounts upon daily notification of checks presented for payment. Changes in book overdrafts
are reported as part of cash flows from financing activities in our consolidated statement of
cash flows. 5. DEBT
  September 30,
    
    
    December 31,2008
    
    
    2007Bank credit facilities
    
    $
    862,625
    
    
    $
    880,50077/8% senior notes due 2011
    
    
    125,000
    
    
    
    125,00091/2% senior notes due 2013
    
    
    500,000
    
    
    
    500,000Capital lease obligations
    
    
    
    
    
    
    $
    1,487,625
    
    
    $
    1,505,500Less: Current portion
    
    
    29,500
    
    
    
    26,500Total long-term debt
    
    $
    1,458,125
    
    
    $
    1,479,000
  9




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Bank Credit Facilities
 ,
  Interest Rate Exchange Agreements
     10




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6. MEMBERS DEFICIT
 Share-based Compensation
  Three Months EndedSeptember 30,2008
    
    
    2007Share-based compensation expense by type of award:Employee stock options
    
    $
    1
    
    
    $
    (6
    )(1)Employee stock purchase plan
    
    
    13
    
    
    
    15Restricted stock units
    
    
    117
    
    
    
    92Total share-based compensation expense
    
    $
    131
    
    
    $
    101
 Nine Months EndedSeptember 30,2008
    
    
    2007Share-based compensation expense by type of award:Employee stock options
    
    $
    26
    
    
    $
    39Employee stock purchase plan
    
    
    38
    
    
    
    42Restricted stock units
    
    
    247
    
    
    
    255Total share-based compensation expense
    
    $
    311
    
    
    $
    336
 (1)
    
    Includes forfeiture adjustments.   Employee Stock Purchase Plan
  7. INVESTMENT IN AFFILIATED COMPANY
   11




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##### Table of Contents



8. COMMITMENTS AND CONTINGENCIES
 Legal Proceedings
 Gary Ogg and Janice Ogg v.
Mediacom LLC
  9. MCCs REPURCHASE OF ITS CLASS A COMMON STOCK
     12




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Three Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,2008
    
    
    2007
    
    
    2008
    
    
    2007Revenues
    
    $
    5,726
    
    
    $
    5,435
    
    
    $
    16,822
    
    
    $
    16,017Pre-tax net income
    
    $
    774
    
    
    $
    479
    
    
    $
    1,643
    
    
    $
    1,556
  September 30,
    
    
    December 31,2008
    
    
    2007Assets:Cash
    
    $
    28
    
    
    $
    Accounts receivable, net
    
    
    670
    
    
    
    587Prepaid and other current assets
    
    
    133
    
    
    
    62Property, plant and equipment, net
    
    
    23,073
    
    
    
    24,288Franchise rights, net
    
    
    4,487
    
    
    
    4,639Total assets
    
    $
    28,391
    
    
    $
    29,576Liabilities:Accounts payable and accrued expenses
    
    $
    1,369
    
    
    $
    570Total liabilities
    
    $
    1,369
    
    
    $
    570
 10. GOODWILL AND OTHER INTANGIBLE ASSETS
 Goodwill and Other Intangible Assets,
    13




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14




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ITEM 2. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  Overview
    Revenues, Costs and Expenses
     15




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Adjusted OIBDA
    Retransmission Consent
    16




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Actual Results of Operations
 Three Months Ended September 30, 2008 compared to Three Months Ended September 30, 2007
  Three Months EndedSeptember 30,2008
    
    
    2007
    
    
    $ Change
    
    
    % ChangeRevenues
    
    $
    155,648
    
    
    $
    144,276
    
    
    $
    11,372
    
    
    
    7.9
    %Costs and expenses:Service costs (exclusive of depreciation
and amortization)
    
    
    67,595
    
    
    
    62,740
    
    
    
    4,855
    
    
    
    7.7
    %Selling, general and administrative expenses
    
    
    27,607
    
    
    
    27,612
    
    
    
    (5
    )
    
    NMManagement fee expense
    
    
    2,954
    
    
    
    2,461
    
    
    
    493
    
    
    
    20.0
    %Depreciation and amortization
    
    
    26,217
    
    
    
    28,383
    
    
    
    (2,166
    )
    
    
    (7.6
    %)Operating income
    
    
    31,275
    
    
    
    23,080
    
    
    
    8,195
    
    
    
    35.5
    %Interest expense, net
    
    
    (25,027
    )
    
    
    (30,212
    )
    
    
    5,185
    
    
    
    (17.2
    %)Gain (loss) on derivatives, net
    
    
    2,854
    
    
    
    (6,053
    )
    
    
    8,907
    
    
    NMLoss on sale of cable systems, net
    
    
    
    
    
    
    (1,703
    )
    
    
    1,703
    
    
    NMInvestment income from affiliate
    
    
    4,500
    
    
    
    4,500
    
    
    
    
    
    
    NMOther expense, net
    
    
    (1,014
    )
    
    
    (869
    )
    
    
    (145
    )
    
    
    16.7
    %Net income (loss)
    
    $
    12,588
    
    
    $
    (11,257
    )
    
    $
    23,845
    
    
    
    (211.8
    %)Adjusted OIBDA
    
    $
    57,623
    
    
    $
    51,564
    
    
    $
    6,059
    
    
    
    11.8
    %
  Three Months EndedSeptember 30,2008
    
    
    2007
    
    
    $ Change
    
    
    % ChangeAdjusted OIBDA
    
    $
    57,623
    
    
    $
    51,564
    
    
    $
    6,059
    
    
    
    11.8
    %Non-cash, share-based compensation
    
    
    (131
    )
    
    
    (101
    )
    
    
    (30
    )
    
    
    29.7
    %Depreciation and amortization
    
    
    (26,217
    )
    
    
    (28,383
    )
    
    
    2,166
    
    
    
    (7.6
    %)Operating income
    
    $
    31,275
    
    
    $
    23,080
    
    
    $
    8,195
    
    
    
    35.5
    %
  17




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Revenues
  Three Months EndedSeptember 30,2008
    
    
    2007
    
    
    $ Change
    
    
    % ChangeVideo
    
    $
    102,242
    
    
    $
    101,288
    
    
    
    954
    
    
    
    0.9
    %HSD
    
    
    37,490
    
    
    
    31,988
    
    
    
    5,502
    
    
    
    17.2
    %Phone
    
    
    10,791
    
    
    
    5,755
    
    
    
    5,036
    
    
    
    87.5
    %Advertising
    
    
    5,125
    
    
    
    5,245
    
    
    
    (120
    )
    
    
    (2.3
    %)Total Revenues
    
    $
    155,648
    
    
    $
    144,276
    
    
    
    11,372
    
    
    
    7.9
    %
 September 30,
    
    
    Increase/2008
    
    
    2007
    
    
    (Decrease)
    
    
    % ChangeBasic subscribers
    
    
    606,000
    
    
    
    608,000
    
    
    
    (2,000
    )
    
    
    (0.3
    %)Digital customers
    
    
    275,000
    
    
    
    232,000
    
    
    
    43,000
    
    
    
    18.5
    %HSD customers
    
    
    332,000
    
    
    
    287,000
    
    
    
    45,000
    
    
    
    15.7
    %Phone customers
    
    
    109,000
    
    
    
    68,000
    
    
    
    41,000
    
    
    
    60.3
    %RGUs(1)
    
    
    1,322,000
    
    
    
    1,195,000
    
    
    
    127,000
    
    
    
    10.6
    %Average total
monthly revenue per
basic subscriber
(2)
    
    $
    85.61
    
    
    $
    78.58
    
    
    $
    7.03
    
    
    
    8.9
    %
 (1)
    
    RGUs represent the total of basic subscribers and digital, HSD and phone customers.(2)
    
    Represents total average monthly revenues for the quarter divided by total average
basic subscribers for such period.       18




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Costs and Expenses
     Adjusted OIBDA
  Operating Income
  Interest Expense, Net
  Gain (Loss) on Derivatives, Net
  Loss on Sale of Cable Systems, Net
   19




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Investment Income from Affiliate
  Net Income (Loss)
  Actual Results of Operations
 Nine Months Ended September 30, 2008 compared to Nine Months Ended September 30, 2007
  Nine Months EndedSeptember 30,2008
    
    
    2007
    
    
    $ Change
    
    
    % ChangeRevenues
    
    $
    458,462
    
    
    $
    421,263
    
    
    $
    37,199
    
    
    
    8.8
    %Costs and expenses:Service costs (exclusive of depreciation
and amortization)
    
    
    197,955
    
    
    
    181,585
    
    
    
    16,370
    
    
    
    9.0
    %Selling, general and administrative expenses
    
    
    81,199
    
    
    
    79,034
    
    
    
    2,165
    
    
    
    2.7
    %Management fee expense
    
    
    8,786
    
    
    
    7,522
    
    
    
    1,264
    
    
    
    16.8
    %Depreciation and amortization
    
    
    83,420
    
    
    
    82,277
    
    
    
    1,143
    
    
    
    1.4
    %Operating income
    
    
    87,102
    
    
    
    70,845
    
    
    
    16,257
    
    
    
    22.9
    %Interest expense, net
    
    
    (77,109
    )
    
    
    (89,504
    )
    
    
    12,395
    
    
    
    (13.8
    %)Gain (loss) on derivatives, net
    
    
    1,745
    
    
    
    (4,228
    )
    
    
    5,973
    
    
    NM(Loss) gain on sale of cable systems, net
    
    
    (170
    )
    
    
    9,078
    
    
    
    (9,248
    )
    
    NMInvestment income from affiliate
    
    
    13,500
    
    
    
    13,500
    
    
    
    
    
    
    NMOther expense, net
    
    
    (3,098
    )
    
    
    (3,021
    )
    
    
    (77
    )
    
    
    2.5
    %Net income (loss)
    
    $
    21,970
    
    
    $
    (3,330
    )
    
    $
    25,300
    
    
    NMAdjusted OIBDA
    
    $
    170,833
    
    
    $
    153,458
    
    
    $
    17,375
    
    
    
    11.3
    %
  20




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##### Table of Contents



Nine Months EndedSeptember 30,2008
    
    
    2007
    
    
    $ Change
    
    
    % ChangeAdjusted OIBDA
    
    $
    170,833
    
    
    $
    153,458
    
    
    $
    17,375
    
    
    
    11.3
    %Non-cash, share-based compensation
    
    
    (311
    )
    
    
    (336
    )
    
    
    25
    
    
    
    (7.4
    %)Depreciation and amortization
    
    
    (83,420
    )
    
    
    (82,277
    )
    
    
    (1,143
    )
    
    
    1.4
    %Operating income
    
    $
    87,102
    
    
    $
    70,845
    
    
    $
    16,257
    
    
    
    22.9
    %
 Revenues
  Nine Months EndedSeptember 30,2008
    
    
    2007
    
    
    $ Change
    
    
    % ChangeVideo
    
    $
    306,283
    
    
    $
    298,997
    
    
    
    7,286
    
    
    
    2.4
    %HSD
    
    
    108,524
    
    
    
    92,791
    
    
    
    15,733
    
    
    
    17.0
    %Phone
    
    
    29,062
    
    
    
    14,752
    
    
    
    14,310
    
    
    
    97.0
    %Advertising
    
    
    14,593
    
    
    
    14,723
    
    
    
    (130
    )
    
    
    (0.9
    %)Total Revenues
    
    $
    458,462
    
    
    $
    421,263
    
    
    
    37,199
    
    
    
    8.8
    %
 September 30,
    
    
    Increase/2008
    
    
    2007
    
    
    (Decrease)
    
    
    % ChangeBasic subscribers
    
    
    606,000
    
    
    
    608,000
    
    
    
    (2,000
    )
    
    
    (0.3
    %)Digital customers
    
    
    275,000
    
    
    
    232,000
    
    
    
    43,000
    
    
    
    18.5
    %HSD customers
    
    
    332,000
    
    
    
    287,000
    
    
    
    45,000
    
    
    
    15.7
    %Phone customers
    
    
    109,000
    
    
    
    68,000
    
    
    
    41,000
    
    
    
    60.3
    %RGUs
    
    
    1,322,000
    
    
    
    1,195,000
    
    
    
    127,000
    
    
    
    10.6
    %Average total
monthly revenue per
basic subscriber (1)
    
    $
    84.20
    
    
    $
    75.68
    
    
    $
    8.52
    
    
    
    11.3
    %
 (1)
    
    Represents total average
monthly revenues for the period divided by total average basic
subscribers for such period.       21




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##### Table of Contents



Costs and Expenses
     Adjusted OIBDA
  Operating Income
  Interest Expense, Net
  Gain (Loss) on Derivatives, Net
   22




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##### Table of Contents



Gain on Sale of Cable Systems, Net
  Investment Income from Affiliate
  Net Income (Loss)
  Liquidity and Capital Resources
 Overview
   Recent Developments in the Credit Markets
     23




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##### Table of Contents



Bank Credit Facilities
    Interest Rate Exchange Agreements
    Senior Notes
  Covenant Compliance and Debt Ratings
   24




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##### Table of Contents



Operating Activities
   Investing Activities
   Financing Activities
       25




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##### Table of Contents



Contractual Obligations and Commercial Commitments
  Critical Accounting Policies
  Goodwill and Other Intangible Assets
 Goodwill and Other Intangible Assets,
      26




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##### Table of Contents



Inflation and Changing Prices
  
 ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
  
 ITEM 4. CONTROLS AND PROCEDURES
 Mediacom LLC
  15d-15(f)
 Mediacom Capital Corporation
    27




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##### Table of Contents



PART II
 
 ITEM 1. LEGAL PROCEEDINGS
  
 ITEM 1A. RISK FACTORS
  
 ITEM 6. EXHIBITS
 ExhibitNumber
    
    Exhibit Description31.1
    
    
    Rule 15d-14(a) Certifications of Mediacom LLC31.2
    
    
    Rule 15d-14(a) Certifications of Mediacom Capital Corporation32.1
    
    
    Section 1350 Certifications of Mediacom LLC32.2
    
    
    Section 1350 Certifications of Mediacom Capital Corporation
  28




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##### Table of Contents



SIGNATURES
  MEDIACOM LLCNovember 13, 2008
    
    By:
    
    /s/ Mark E. Stephan

Mark E. StephanExecutive Vice President andChief Financial Officer
  29




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##### Table of Contents



SIGNATURES
  MEDIACOM CAPITAL CORPORATIONNovember 13, 2008
    
    By:
    
    /s/ Mark E. Stephan

Mark E. StephanExecutive Vice President andChief Financial Officer
  30




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##### Table of Contents



EXHIBIT INDEX
 ExhibitNumber
    
    Exhibit Description31.1
    
    
    Rule 15d-14(a) Certifications of Mediacom LLC31.2
    
    
    Rule 15d-14(a) Certifications of Mediacom Capital Corporation32.1
    
    
    Section 1350 Certifications of Mediacom LLC32.2
    
    
    Section 1350 Certifications of Mediacom Capital Corporation
  31