U.S. SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                   FORM 10-QSB

Quarterly  report under Section 13 or 15 (d) of the  Securities  Exchange Act of
1934

For the quarterly period ended January 31, 1997

                         Commission file number 0-19997

                          UC TELEVISION NETWORK CORP.
--------------------------------------------------------------------------------
       (Exact Name of Small Business Issuer as Specified in Its Charter)


                     Delaware                             13-3557317
--------------------------------------------------------------------------------
      (State or Other Jurisdiction of                  (I.R.S. Employer
      Incorporation or Organization)                   Identification No.)

                645 Fifth Avenue - East Wing, New York, NY 10022
-------------------------------------------------------------------------
                    (Address of Principal Executive Offices)

                                 (212) 888-0617
--------------------------------------------------------------------------------
                (Issuer's Telephone Number, Including Area Code)

                                       N/A
--------------------------------------------------------------------------------
         (Former Name, Former Address and Former Fiscal Year, if Changed
                               Since Last Report)

     Check  whether  the issuer:  (1) filed all reports  required to be filed by
Section 13 or 15(d) of the  Exchange  Act during the past 12 months (or for such
shorter period that the  registrant was required to file such reports),  and (2)
has been subject to such filing requirements for the past 90 days.

Yes    [x]           No  [ ]

Number of shares of common stock outstanding as of March 13, 1996:  10,984,857

Transitional Small Business Disclosure Format (check one):  Yes  [ ] No  [x]


<PAGE>

                           UC TELEVISION NETWORK CORP.

                                  BALANCE SHEET
                                January 31, 1997
                                   (Unaudited)

                                     ASSETS

Current assets:
   Cash and cash equivalents ..................................   $    601,722
   Accounts receivable ........................................        700,063
   Prepaid expenses ...........................................         71,440
   Other current assets .......................................         19,541
                                                                  ------------
          Total current assets ................................      1,392,766

Property and equipment, net ...................................      1,649,457
Other assets ..................................................          7,320
                                                                  ------------

          TOTAL ...............................................   $  3,049,543
                                                                  ============

                                   LIABILITIES
 Current liabilities:
    Accounts payable and accrued expenses .....................   $    431,854
    Dividends payable .........................................          2,003
                                                                  ------------
     Total current liabilities ................................        433,857
                                                                  ------------

Redeemable preferred stock ....................................          3,333
                                                                  ------------

Commitments and contingencies

                              STOCKHOLDERS' EQUITY
Capital stock:
   Redeemable preferred stock - $.001 par;
     authorized 1,500,000 shares; issued and
     outstanding 3,333 shares (liquidation value - $3,333 )
  Preferred stock - $.001 par; authorized
     500,000 shares; none issued
  Common stock - $.001 par; authorized 50,000,000 shares;
     issued and outstanding 10,984,857 shares .................         10,985
Additional paid in capital ....................................     14,870,263
Accumulated deficit ...........................................    (12,268,895)
                                                                  ------------
          Total stockholders' equity ..........................      2,612,353
                                                                  ------------

          TOTAL ...............................................   $  3,049,543
                                                                  ============

The accompanying notes are an integral part of the financial statements.


<PAGE>

                           UC TELEVISION NETWORK CORP.

                            STATEMENTS OF OPERATIONS
                                   (Unaudited)
<TABLE>
<CAPTION>

                                                                  Three Months Ended
                                                                     January 31,
                                                    ----------------------------------------------
                                                             1997                    1996
                                                    -----------------------  ---------------------

<S>                                                            <C>                     <C>       
Sales. . . . . . . . . . . . . . . . . . . .                   $   507,500             $  290,963
                                                    -----------------------  ---------------------

Cost of sales. . . . . . . . . . . . . . . .                       426,541                369,416

Selling, general and administrative. . . . .                       642,763                666,763

Interest income. . . . . . . . . . . . . . .                      (10,118)                (6,551)
                                                    -----------------------  ---------------------

                                                                 1,059,186              1,029,628
                                                    -----------------------  ---------------------

NET LOSS. . . . . . . . . . . . . . . . . .                   $  (551,686)            $ (738,665)
                                                    =======================  =====================


Loss per share . . . . . . . . . . . . . . .                 $      (0.05)           $     (0.12)


 Weighted average number of
    common shares outstanding. . . . . . . .                    10,947,925              5,968,886
</TABLE>


The accompanying notes are an integral part of the financial statements.


<PAGE>

                           UC TELEVISION NETWORK CORP.

                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)
<TABLE>
<CAPTION>


                                                                                        Three Months Ended
                                                                                            January 31,
                                                                                ----------------  -------------
                                                                                       1997            1996
                                                                                ----------------  -------------
<S>                                                                               <C>             <C>        
Cash flows from operating activities:
   Net loss ....................................................................  $  (551,686)    $ (738,665)
   Adjustments to reconcile net loss to net cash (used in)
     operating activities:
       Depreciation and amortization ...........................................      175,201         98,347
       Issuance of common stock for services ...................................                      30,000
       Changes in operating assets and liabilities:
         Decrease in accounts receivable .......................................       61,733        316,897
         Decrease in prepaid expenses and other current assets .................       18,873         10,603
         Increase (decrease) in accounts payable and accrued expenses ..........     (101,607)       220,022
                                                                                  -----------      ---------

           Net cash used in operating activities ...............................     (397,486)       (62,796)
                                                                                  -----------      ---------

Cash flows used in investing activities:
   Purchases of property and equipment .........................................     (183,482)       (28,544)
                                                                                  -----------      ---------

           Net cash generated in investing activities ..........................     (183,482)       (28,544)
                                                                                  -----------      ---------

Cash flows from (used in) financing activities:
   Proceeds from exercise of employee stock options ............................       23,952
   Deferred issuance costs .....................................................                     (83,755)
                                                                                  -----------      ---------

           Net cash provided by (used in) financing activities .................       23,952        (83,755)
                                                                                  -----------      ---------

NET DECREASE IN CASH AND CASH EQUIVALENTS ......................................     (557,016)      (175,095)

Cash and cash equivalents - beginning of period ................................    1,158,738        792,424
                                                                                  -----------      ---------

CASH AND CASH EQUIVALENTS - END OF PERIOD ......................................  $   601,722      $ 617,329
                                                                                  ===========      =========
</TABLE>

The accompanying notes are an integral part of the financial statements.


<PAGE>

                           UC TELEVISION NETWORK CORP.

                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)

         The accompanying  unaudited financial  statements have been prepared in
accordance with generally accepted  accounting  principles for interim financial
information  and  with the  instructions  to Form  10-QSB  and  Item  310(b)  of
Regulation  S-B.  Accordingly,  they do not include all of the  information  and
footnotes  required by generally  accepted  accounting  principles  for complete
financial  statements.  These financial statements should be read in conjunction
with the Company's  financial  statements  for the fiscal year ended October 31,
1996  included  in the  Annual  Report as filed on Form  10-KSB  with the United
States Securities and Exchange Commission.

         In the opinion of  management,  all  adjustments  (consisting of normal
recurring  accruals)  considered  necessary  for a fair  presentation  have been
included.

         The results of  operations  for the three months ended January 31, 1997
are not necessarily  indicative of the results of operations for the full fiscal
year ending October 31, 1997.

NOTE (A) - The Company:

         UC Television Network Corp.,  formerly Laser Video Network,  Inc. ("the
Company"),  is a broadcasting  company which owns and operates the UC Television
Network  ("UCTN"),  a  proprietary  interactive  commercial  television  network
operating on college and university campuses,  through single-channel television
systems  placed  primarily  in campus  dining  facilities  and  student  unions.
Substantially  all  of the  Company's  revenues  are  derived  from  advertising
displayed on UCTN. At January 31, 1997,  UCTN was  installed or  contracted  for
installation at approximately 227 locations in various colleges and universities
throughout the United States.

         The  Company's  revenues  are  affected by the  pattern of  seasonality
common to most school-related businesses.  Historically, the Company generates a
significant  portion of its revenues during the period of September  through May
and  substantially  less  revenues  during the summer  months when  colleges and
universities do not hold regular classes.


NOTE (B) - Commitments and Contingencies:

         On  November  5, 1996,  the  Company  signed an  agreement  with Turner
Private Networks, Inc. to provide news and sports programming on UCTN during the
period  from  January  1, 1997 to  December  31,  1999 for a  aggregate  cost of
$890,095,  payable in equal installments  during the term of the agreement after
an initial payment of $30,000.

         The Company  executed an equipment rental agreement with Hughes Network
Systems on November 6, 1996.  The agreement  calls for the  installation  of 200
systems for receiving satellite transmissions with payments aggregating $328,032
over a three year period.  At the end of such  period,  the Company may purchase
the equipment for $1.00.  This arrangement will be classified as a capital lease
at such time the equipment is placed into service.

         In  connection  with the  acquisition  of certain  assets,  the Company
agreed to pay two former  shareholders  of the seller an  aggregate of $100,000,
one-half  being payable at such time the Company's net pre-tax  income equals at
least $500,000, and the balance being payable at such time as the Company has an
additional $500,000 in net pre-tax earnings.


<PAGE>

Item 2.                MANAGEMENT'S DISCUSSION AND ANALYSIS
                              OR PLAN OF OPERATIONS

         The following  discussion  and analysis  should be read in  conjunction
with the  Company's  financial  statements  appearing  elsewhere in this report.
Information  contained or  incorporated  by  reference  in this report  contains
"forward   looking   statements"   which  can  be   identified  by  the  use  of
forward-looking  terminology  such  as  "believes,"  "expects,"  "may,"  "will,"
"should" or "anticipates" or the negative thereof or other variations thereon or
comparable terminology, or by discussions of strategy. No assurance can be given
that the  future  results  covered  by the  forward-looking  statements  will be
achieved.

RESULTS OF OPERATION

         The  Company  is a  broadcasting  company  whose  principal  activities
involve operating and marketing UCTN, a private commercial  television  network.
At January 31,  1997,  UCTN was  installed or  contracted  for  installation  at
approximately 227 locations in various colleges and universities  throughout the
United States.  Substantially  all of its revenues are derived from  advertising
displayed on UCTN.

         The  Company's  revenues  are  affected by the  pattern of  seasonality
common to most school-related businesses.  Historically, the Company generates a
significant  portion of its revenues during the period of September  through May
and  substantially  less  revenues  during the summer  months when  colleges and
universities do not hold regular classes.

         The following table sets forth certain  financial data derived from the
Company's  statement of  operations  for the three months ended January 31, 1997
("1st Quarter 1997") and January 31, 1996 ("1st Quarter 1996"):
<TABLE>
<CAPTION>

                                                Three Months Ended             Three Months Ended
                                                 January 31, 1997               January 31, 1996
                                         ------------------------------- ---------------------------
                                                                % of                        % of
                                                  $             Sales             $         Sales
                                         ------------------  ----------- --------------- -----------

<S>                                           <C>               <C>        <C>               <C> 
Sales . . . . . . . . . . . . . . . . . . .   $    507,500      100%       $    290,963      100%
Cost of sales . . . . . . . . . . . . . . .        426,541       84             369,416      127
Selling, general and administrative . . . .        642,763      127             666,763      229
Interest income . . . . . . . . . . . . . .         10,118        2               6,551       2
Net loss . . . . . . . . . . . . . . . . .         551,686      109             738,665      254
</TABLE>

         Sales  increased by 74% to $507,500 for 1st Quarter 1997 from  $290,963
for the  comparable  period  last  year.  Increased  commitments  from  existing
customers  combined with new customers was the primary  source of this increase.
The Company  anticipates  continued  sales growth during the year ending October
31, 1997 ("Fiscal  1997"),  with  advertising  commitments for Fiscal 1997 as of
February 28, 1997 at approximately 75 percent above  commitments for Fiscal 1996
at the same date last year.  Although the Company has  agreements  with national
advertisers and has held discussions or had prior agreements with other national
advertisers,  no  assurance  can be given that these or other  advertisers  will
continue to purchase  advertising from the Company,  or that future  significant
advertising revenues will ever be generated. A failure to significantly increase
advertising  revenues  could have a  material  impact on the  operations  of the
Company.


<PAGE>

         The cost of sales  increased  to  $426,541  for 1st  Quarter  1997 from
$369,416 for the same period last year,  however it decreased as a percentage of
sales to 84% for 1st Quarter  1997 from 127% for the same period last year.  The
increase over the prior year is primarily  attributed to increased  depreciation
expense  relating  to the  retrofit  of  existing  systems to utilize  satellite
transmission technology.

         Selling,  general and administrative expenses decreased to $642,763 for
1st  Quarter  1997  versus  $666,763  for the same  period  last year.  Fees and
commissions  based on a  percentage  of sales  are  generally  paid to  agencies
representing  advertisers  on UCTN. An increase in  advertising  agency fees and
commissions,  a direct  result of  increased  sales,  was more than  offset by a
decrease in professional fees.

         Interest  income  increased to $10,118 for 1st Quarter 1997 as compared
to $6,551 for the same period last year.  The increase is  attributed  to higher
average cash levels during 1st Quarter 1997.

         The net loss  decreased to $551,686 for 1st Quarter 1997 as compared to
a net loss of  $738,665  for the same  period  last year.  In order to reach the
stage where the  Company is  profitable,  the  Company  will need to continue to
expand  into  additional  college  dining  facilities.  Furthermore,  additional
financing may be required to produce the additional  systems  necessary to reach
profitable operating levels.


FINANCIAL CONDITION AND LIQUIDITY

         At January 31, 1997,  the Company had working  capital of $958,909.  At
such date, the Company's cash and cash equivalents totaled $601,722.

         Cash used in  operations  increased to $397,486  during the 1st Quarter
1997 from  $62,796  for the  comparable  period  last  year.  The  increase  was
primarily  related to the  timing of  collections  of  accounts  receivable  and
payments of accounts payable.

         Purchases of property and  equipment  increased to $183,482  during 1st
Quarter 1997 from $28,544 during 1st Quarter 1996 due to the ongoing  conversion
of UCTN to a satellite delivered network. Installation of new systems during 1st
Quarter  1996 was  minimal as a result of the  anticipated  retrofitting  of the
network.

         On  November  5, 1996,  the  Company  signed an  agreement  with Turner
Private Networks, Inc. to provide news and sports programming on UCTN during the
period  from  January  1, 1997 to  December  31,  1999 for a  aggregate  cost of
$890,095,  payable in equal installments  during the term of the agreement after
an initial payment of $30,000.

         The Company  executed an equipment rental agreement with Hughes Network
Systems on November 6, 1996.  The agreement  calls for the  installation  of 200
systems for receiving satellite transmissions with payments aggregating $328,032
over a three year period.  At the end of such  period,  the Company may purchase
the equipment for $1.00.

         The Company has incurred  substantial  losses since commencement of its
operations  and  anticipates  that such losses will  continue in Fiscal 1997. In
order to reach the stage where the Company is  profitable,  it is expected  that
additional  financing will be required to fund the Company's planned  expansion.
The Company is expected to seek additional financing,  however,  there can be no
assurance that such financing will be obtained and if so, on favorable  terms to
the Company.

         In the event the Company does not achieve  anticipated  revenue  levels
and/or obtain additional financing,  the Company expects to reduce its operating
expenses by, among other  actions,  downsizing  its  personnel  and reducing its
marketing, promotional and product development costs in an effort to reduce cash
requirements.  Reduction of operating  expenses  alone is not expected to assure
profitability.


<PAGE>

PART II

                                OTHER INFORMATION

Item 1.            Legal Proceedings.
                   None.

Item 2.            Changes in Securities.
                   None.

Item 3.            Defaults Upon Senior Securities.
                   None.

Item 4.            Submission of Matters to a Vote of Security-Holders.
                   None.

Item 5.            Other Information.
                   None.

Item 6.            Exhibits and Reports on Form 8-K.
                   (a)      Exhibit 27 - Financial Data Schedule
                   (b) No  reports  on Form 8-K have been  filed for the
                   quarter for which this report is being filed.


                                   SIGNATURES

         In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                         UC TELEVISION NETWORK CORP.
                                               Registrant



Date: March 17, 1997                    /s/ Peter L. Kauff
                                        ------------------
                                         Peter L. Kauff
                                         Chairman of the Board
                                         (Principal Executive Officer)



Date: March 17, 1997                    /s/ Alan M. Pearl
                                        -----------------
                                         Alan M. Pearl
                                         Chief Financial Officer, Secretary and
                                           Treasurer (Principal Accounting
                                           and Financial Officer)