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SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549

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FORM 10-Q

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|Quarterly Report Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934
|----------------------------------------------------------------------------------------
|                                                                                        
|For the quarterly period ended June 30, 2003                                            
|                                                                                        
|Commission File Numbers:                                                                
|                                                                                        
|                                                                                        
|Mediacom LLC Mediacom Capital Corporation*                                              
|(Exact names of Registrants as specified in their charters)                             
|                                                                                        
|New York                                                                                
|New York                                                                                
|(State or other jurisdiction of incorporation or organization)                          
|                                                                                        
|100 Crystal Run Road                                                                    
|Middletown, New York  10941                                                             
|(Address of principal executive offices)                                                
|                                                                                        
|(845) 695-2600                                                                          
|(Registrants telephone number)                                                         
|                                                                                        

Indicate by check mark whether the Registrants (1) have filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act
of 1934 during the preceding 12 months (or for such shorter period that the Registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days.

|Yes x | No o
|----- | ----

Indicate by checkmark whether the registrants are accelerated filers (as defined in Rule 12b-2 of the Act).

|Yes o | No x
|----- | ----

Indicate the number of shares outstanding of the Registrants common stock:  Not Applicable

*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 JUNE 30,
2003

TABLE OF CONTENTS

|        |                                                                                               | Page
|------- | --------------------------------------------------------------------------------------------- | ----
|        |                                                                                               |     
|PART I  |                                                                                              
|        |                                                                                               |     
|Item 1. | Financial Statements                                                                          |     
|        |                                                                                               |     
|        | Consolidated Balance Sheets (unaudited) - June 30, 2003 and December 31, 2002                 | 1   
|        |                                                                                               |     
|        | Consolidated Statements of Operations (unaudited) - Three Months Ended June 30, 2003 and 2002 | 2   
|        |                                                                                               |     
|        | Consolidated Statements of Operations (unaudited) - Six Months Ended June 30, 2003 and 2002   | 3   
|        |                                                                                               |     
|        | Consolidated Statements of Cash Flows (unaudited) - Six Months Ended June 30, 2003 and 2002   | 4   
|        |                                                                                               |     
|        | Notes to Consolidated Financial Statements (unaudited)                                        | 5   
|        |                                                                                               |     
|Item 2. | Managements Discussion and Analysis of Financial Condition and Results of Operations         | 7   
|        |                                                                                               |     
|Item 3. | Quantitative and Qualitative Disclosures about Market Risk                                    | 15  
|        |                                                                                               |     
|Item 4. | Controls and Procedures                                                                       | 16  
|        |                                                                                               |     
|PART II |                                                                                              
|        |                                                                                              
|Item 6. | Exhibits and Reports on Form 8-K                                                              | 17  
|        |                                                                                               |     

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You should
carefully review the information contained in this Quarterly Report and in other reports or documents that we file from time to time with the Securities and Exchange Commission (the SEC).  In this Quarterly Report, we state our
beliefs of future events and of our future financial performance.  In some cases, you can identify those so-called forward-looking statements by words such as may, will, should,
expects, plans, anticipates, believes, estimates, predicts, potential, or continue or the negative of those words and other comparable words.  You
should be aware that those statements are only our predictions.  Actual events or results may differ materially.  In evaluating those statements, you should specifically consider various factors, including the risks discussed in our Annual
Report on Form 10-K for the year ended December 31, 2002 and other reports or documents that we file from time to time with the SEC.  Those factors may cause our actual results to differ materially from any of our forward-looking
statements.  All forward-looking statements attributable to us or a person acting on our behalf are expressly qualified in their entirety by this cautionary statement.



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##### Table of Contents

PART I

ITEM 1.          FINANCIAL STATEMENTS

MEDIACOM LLC AND
SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS (All dollar amounts in 000s) (Unaudited)

|                                                                                                          |  | June 30, 2003 |           | December 31, 2002 |  
|--------------------------------------------------------------------------------------------------------- |  | ------------- | --------- | ----------------- | -
|                                                                                                          |  |               |           |                   |  
|ASSETS                                                                                                    |  |               |           |                   |  
|CURRENT ASSETS                                                                                            |  |               |           |                   |  
|Cash and cash equivalents                                                                                 |  | $             | 25,228    |                   | $
|Investments                                                                                               |  |               | 2,983     |                   |  
|Subscriber accounts receivable, net of allowance for doubtful accounts of $1,275 and $1,106, respectively |  |               | 24,642    |                   |  
|Prepaid expenses and other assets                                                                         |  |               | 21,037    |                   |  
|                                                                                                          |  |               |           |                   |  
|Total current assets                                                                                      |  |               | 73,890    |                   |  
|Preferred investment in affiliated company                                                                |  |               | 150,000   |                   |  
|Investment in cable television systems:                                                                   |  |               |           |                   |  
|Inventory, net                                                                                            |  |               | 11,044    |                   |  
|Property, plant and equipment, net of accumulated depreciation of $585,943 and $498,514, respectively     |  |               | 705,994   |                   |  
|Intangible assets, net of accumulated amortization of $231,531 and $224,669, respectively                 |  |               | 578,469   |                   |  
|                                                                                                          |  |               |           |                   |  
|Total investment in cable television systems                                                              |  |               | 1,295,507 |                   |  
|Other assets, net of accumulated amortization of $14,671 and $13,044, respectively                        |  |               | 21,250    |                   |  
|                                                                                                          |  |               |           |                   |  
|Total assets                                                                                              |  | $             | 1,540,647 |                   | $
|                                                                                                          |  |               |           |                   |  
|LIABILITIES AND MEMBERS DEFICIT                                                                          |  |               |           |                   |  
|CURRENT LIABILITIES                                                                                       |  |               |           |                   |  
|Accounts payable and accrued expenses                                                                     |  | $             | 95,299    |                   | $
|Deferred revenue                                                                                          |  |               | 16,059    |                   |  
|Current portion of long-term debt                                                                         |  |               | 2,819     |                   |  
|                                                                                                          |  |               |           |                   |  
|Total current liabilities                                                                                 |  |               | 114,177   |                   |  
|Long-term debt, less current portion                                                                      |  |               | 1,542,754 |                   |  
|Other non-current liabilities                                                                             |  |               | 15,472    |                   |  
|                                                                                                          |  |               |           |                   |  
|Total liabilities                                                                                         |  |               | 1,672,403 |                   |  
|MEMBERS DEFICIT                                                                                          |  |               |           |                   |  
|Capital contributions                                                                                     |  |               | 548,521   |                   |  
|Accumulated deficit                                                                                       |  |               | (680,277  | )                 |  
|                                                                                                          |  |               |           |                   |  
|Total members deficit                                                                                    |  |               | (131,756  | )                 |  
|                                                                                                          |  |               |           |                   |  
|Total liabilities and members deficit                                                                    |  | $             | 1,540,647 |                   | $
|                                                                                                          |  |               |           |                   |  

The accompanying notes to consolidated financial statements are an integral part of
these statements.

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MEDIACOM LLC AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS  (All dollar amounts in 000s) (Unaudited)

|                                                                                                                        |  | Three Months Ended  June 30, |        
|----------------------------------------------------------------------------------------------------------------------- |  | ---------------------------- | -------
|                                                                                                                        |  |                              |        
|                                                                                                                        |  | 2003                         |        
|                                                                                                                        |  |                              |        
|Revenues                                                                                                                |  | $                            | 113,592
|Costs and expenses:                                                                                                     |  |                              |        
|Service costs (exclusive of depreciation and amortization of $48,069 and $52,412, respectively, shown separately below) |  |                              | 41,764 
|Selling, general and administrative expenses                                                                            |  |                              | 19,358 
|Management fee expense                                                                                                  |  |                              | 1,759  
|Depreciation and amortization                                                                                           |  |                              | 48,069 
|                                                                                                                        |  |                              |        
|Operating income (loss)                                                                                                 |  |                              | 2,642  
|Interest expense, net                                                                                                   |  |                              | 25,448 
|Loss on derivative instruments, net                                                                                     |  |                              | 2,855  
|Investment income from affiliate                                                                                        |  |                              | (4,500 
|Other expenses                                                                                                          |  |                              | 394    
|                                                                                                                        |  |                              |        
|Net loss                                                                                                                |  | $                            | (21,555
|                                                                                                                        |  |                              |        

The accompanying notes to consolidated financial statements are an integral part of
these statements.

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MEDIACOM LLC AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS  (All dollar amounts in 000s) (Unaudited)

|                                                                                                                        |  | Six Months Ended  June 30, |        
|----------------------------------------------------------------------------------------------------------------------- |  | -------------------------- | -------
|                                                                                                                        |  |                            |        
|                                                                                                                        |  | 2003                       |        
|                                                                                                                        |  |                            |        
|Revenues                                                                                                                |  | $                          | 222,702
|Costs and expenses:                                                                                                     |  |                            |        
|Service costs (exclusive of depreciation and amortization of $97,720 and $97,081, respectively, shown separately below) |  |                            | 82,606 
|Selling, general and administrative expenses                                                                            |  |                            | 38,576 
|Management fee expense                                                                                                  |  |                            | 3,422  
|Depreciation and amortization                                                                                           |  |                            | 97,720 
|                                                                                                                        |  |                            |        
|Operating income (loss)                                                                                                 |  |                            | 378    
|Interest expense, net                                                                                                   |  |                            | 51,601 
|Loss (gain) on derivative instruments, net                                                                              |  |                            | 2,313  
|Investment income from affiliate                                                                                        |  |                            | (9,000 
|Other expenses                                                                                                          |  |                            | 1,427  
|                                                                                                                        |  |                            |        
|Net loss                                                                                                                |  | $                          | (45,963
|                                                                                                                        |  |                            |        

The accompanying notes to consolidated financial statements are an integral part of
these statements.

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MEDIACOM LLC AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS (All dollar amounts in 000s) (Unaudited)

|                                                                               |  | Six Months Ended  June 30, |         
|------------------------------------------------------------------------------ |  | -------------------------- | --------
|                                                                               |  |                            |         
|                                                                               |  | 2003                       |         
|                                                                               |  |                            |         
|CASH FLOWS PROVIDED BY OPERATING ACTIVITIES:                                   |  |                            |         
|Net loss                                                                       |  | $                          | (45,963 
|Adjustments to reconcile net loss to net cash flows from operating activities: |  |                            |         
|Depreciation and amortization                                                  |  |                            | 97,720  
|Loss (gain) on derivative instruments, net                                     |  |                            | 2,313   
|Vesting of management stock                                                    |  |                            |        
|Gain on sale of investment                                                     |  |                            | (675    
|Amortization of deferred financing costs                                       |  |                            | 1,627   
|Changes in assets and liabilities, net of effects from acquisitions:           |  |                            |         
|Subscriber accounts receivable, net                                            |  |                            | (3,933  
|Prepaid expenses and other assets                                              |  |                            | (5,781  
|Accounts payable and accrued expenses                                          |  |                            | 19,026  
|Deferred revenue                                                               |  |                            | 1,169   
|                                                                               |  |                            |         
|Net cash flows provided by operating activities                                |  |                            | 65,503  
|                                                                               |  |                            |         
|CASH FLOWS USED IN INVESTING ACTIVITIES:                                       |  |                            |         
|Capital expenditures                                                           |  |                            | (56,418 
|Acquisitions of cable television systems                                       |  |                            |        
|Proceeds from sale of investments                                              |  |                            | 1,762   
|Other investing activities                                                     |  |                            | (187    
|                                                                               |  |                            |         
|Net cash flows used in investing activities                                    |  |                            | (54,843 
|                                                                               |  |                            |         
|CASH FLOWS (USED IN) PROVIDED BY FINANCING ACTIVITIES:                         |  |                            |         
|New borrowings                                                                 |  |                            | 104,750 
|Repayment of debt                                                              |  |                            | (111,092
|Financing costs                                                                |  |                            | 20      
|                                                                               |  |                            |         
|Net cash flows (used in) provided by financing activities                      |  |                            | (6,322  
|                                                                               |  |                            |         
|Net increase in cash and cash equivalents                                      |  |                            | 4,338   
|CASH AND CASH EQUIVALENTS, beginning of period                                 |  |                            | 20,890  
|                                                                               |  |                            |         
|CASH AND CASH EQUIVALENTS, end of period                                       |  | $                          | 25,228  
|                                                                               |  |                            |         
|SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:                             |  |                            |         
|Cash paid during the period for interest                                       |  | $                          | 53,038  
|                                                                               |  |                            |         
|SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING ACTIVITIES:                      |  |                            |         
|Capital expenditures financed through capital leases                           |  | $                          | 3,204   
|                                                                               |  |                            |         

The accompanying notes to consolidated financial statements are an integral part of
these statements.

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MEDIACOM LLC AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

(1)   Organization

Mediacom LLC (Mediacom, and collectively with its subsidiaries, the Company), a New York limited liability company wholly-owned by Mediacom
Communications Corporation (MCC), is involved in the acquisition and development of cable systems serving smaller cities and towns in the United States.  Through these cable systems, the Company provides entertainment, information
and telecommunications services to its subscribers.  As of June 30, 2003, the Company was operating cable systems in 22 states, principally Alabama, California, Delaware, Florida, Illinois, Indiana, Iowa, Kentucky, Minnesota, Missouri, North
Carolina and South Dakota.

Mediacom Capital Corporation (Mediacom Capital), a New York corporation wholly-owned by Mediacom, was
organized in March 1998 for the sole purpose of acting as co-issuer with Mediacom of public debt securities.  Mediacom Capital has nominal assets and does not conduct operations of its own.

(2)   Statement of Accounting Presentation and Other Information

Basis of Preparation of Consolidated Financial
Statements

The consolidated financial statements as of June 30, 2003 and 2002 are unaudited.  However, in the opinion of management,
such statements include all adjustments, including normal recurring accruals and adjustments, necessary for a fair presentation of the results for the periods presented.  The accounting policies followed during such interim periods reported are
in conformity with generally accepted accounting principles in the United States of America and are consistent with those applied during annual periods.  For additional disclosures, including a summary of the Companys accounting policies,
the interim financial statements should be read in conjunction with the Companys Annual Report on Form 10-K for the year ended December 31, 2002 (File Nos. 333-57285-01 and 333-57285).  The results of operations for the interim periods
are not necessarily indicative of the results that might be expected for future interim periods or for the full year ending December 31, 2003.

Reclassifications

Certain reclassifications have been made to prior years amounts to conform
to the current years presentation.

(3)   Recent Accounting Pronouncements

In April 2003, the FASB issued SFAS No. 149, Amendment of Statement 133 on Derivative Instruments and Hedging Activities. SFAS No. 149 amends and clarifies financial
accounting and reporting for derivative instruments, including certain derivative instruments embedded in other contracts and for hedging activities under SFAS No. 133, Accounting for Derivative Instruments and Hedging Activities. In
general, SFAS No. 149 is effective for contracts entered into or modified after June 30, 2003 and for hedging relationships designated after June 30, 2003. The adoption of SFAS 149 in the third quarter of fiscal 2003 is not expected to have a
material impact on the Companys financial condition or results of operations.

In May 2003, the FASB issued SFAS No. 150, Accounting for
Certain Financial Instruments with Characteristics of both Liabilities and Equity.  SFAS 150 establishes standards for how an issuer classifies and measures in its statement of financial position certain financial instruments with
characteristics of both liabilities and equity.  In accordance with SFAS 150, certain financial instruments that embody obligations for the issuer are required to be classified as liabilities. SFAS 150 is effective for financial instruments
entered into or modified after May 31, 2003, and otherwise shall be effective at the beginning of the first interim period beginning after June 15, 2003. The adoption of SFAS 150 in the third quarter of fiscal 2003 is not expected to have a material
impact on the Companys financial condition or results of operations.

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MEDIACOM LLC AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)

(4)   Debt

As of June 30, 2003 and December 31, 2002,
debt consisted of:

|                          |  | June 30,  2003         |           | December 31, 2002 |  
|------------------------- |  | ---------------------- | --------- | ----------------- | -
|                          |  |                        |           |                   |  
|                          |  | (dollars in thousands) |          
|Bank credit facilities    |  | $                      | 717,500   |                   | $
|81⁄2% senior notes          |  |                        | 200,000   |                   |  
|77/8% senior notes        |  |                        | 125,000   |                   |  
|91⁄2% senior notes          |  |                        | 500,000   |                   |  
|Capital lease obligations |  |                        | 3,073     |                   |  
|                          |  |                        |           |                   |  
|                          |  | $                      | 1,545,573 |                   | $
|                          |  |                        |           |                   |  

The average interest rate on debt outstanding under the
bank credit facilities was 2.7% for the six months ended June 30, 2003, before giving effect to the interest rate exchange agreements discussed below.  As of June 30, 2003, the Company had unused credit commitments of approximately $330.0
million under its bank credit facilities, of which about $306.4 million could be borrowed and used for general corporate purposes under the most restrictive covenants in the Companys debt arrangements.  The Company was in compliance with
all covenants under it debt arrangements as of June 30, 2003.

The Company uses interest rate exchange agreements in order to fix the interest rate
for the duration of the contract to hedge against interest rate volatility.  As of June 30, 2003, the Company had interest rate exchange agreements with various banks pursuant to which the interest rate on $330.0 million is fixed at a weighted
average rate of approximately 3.3%, plus the average applicable margin over the eurodollar rate option under the bank credit agreements.  Under the terms of the interest rate exchange agreements, which expire from 2003 through 2007, the Company
is exposed to credit loss in the event of nonperformance by the other parties.  However, the Company does not anticipate nonperformance by the other parties.

The fair value of the interest rate exchange agreements is the estimated amount that the Company would receive or pay to terminate such agreements, taking into account current
interest rates and the current creditworthiness of the Companys counterparties.  At June 30, 2003, based on the mark-to-market valuation, the Company would have paid approximately $11.2 million if these agreements were terminated,
inclusive of accrued interest.

(5)   Investments

The Company has a $150.0
million preferred equity investment in Mediacom Broadband LLC, a Delaware limited liability company wholly-owned by MCC.  The preferred equity investment has a 12% annual cash dividend, payable quarterly in cash.  During the six months
ended June 30, 2003, the Company received in aggregate $9.0 million in cash dividends on the preferred equity.

6



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ITEM 2.     MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
                    OPERATIONS

The following
discussion should be read in conjunction with the Companys unaudited consolidated financial statements as of and for the three and six months ended June 30, 2003 and 2002 and with the Companys annual report on Form 10-K for the year
ended December 31, 2002.

Organization

Mediacom LLC (Mediacom) was organized
as a New York limited liability company in July 1995 and serves as a holding company for its operating subsidiaries.  Mediacom Capital Corporation, Mediacoms wholly-owned subsidiary, was organized as a New York corporation in March 1998
for the sole purpose of acting as a co-issuer with Mediacom of public debt securities and does not conduct operations of its own.  Mediacom Communications Corporation (MCC) was organized as a Delaware corporation in November 1999
and completed an initial public offering in February 2000.  Immediately prior to the completion of MCCs initial public offering, MCC issued shares of its common stock in exchange for all of Mediacoms outstanding membership interests
and became Mediacoms sole member and manager.  See Note 1 of the Companys consolidated financial statements.

General

Approximately 88.1% of the Companys revenues for the three months ended June 30, 2003 are attributable to video revenues from monthly subscription fees charged to customers
for the Companys core cable television services, including basic, expanded basic and analog premium programming and digital cable television programming services, wire maintenance, equipment rental, services to commercial establishments,
pay-per-view charges, installation and reconnection fees, late payment fees and other ancillary revenues.  Data revenues from high-speed Internet access services and advertising revenues represent 10.1% and 1.8% of the Companys revenues,
respectively.  Franchise fees charged to customers for payment to local franchising authorities are included in their corresponding revenue category.

The Companys operating expenses consist of service costs and selling, general and administrative expenses directly attributable to its cable systems.  Service costs
include fees paid to programming suppliers, expenses related to wages and salaries of technical personnel, high-speed Internet access costs and plant operating costs.  Programming costs have historically increased at rates in excess of
inflation due to the introduction of new programming services to the Companys basic subscribers and to increases in the rates charged for existing programming services.  Under the Federal Communication Commissions existing cable
rate regulations, the Company is allowed to increase its rates for cable television services to more than cover any increases in programming.  However, competitive conditions or other factors in the marketplace may limit the Companys
ability to increase its rates.  Selling, general and administrative expenses include wages and salaries for customer service and administrative personnel, franchise fees and expenses related to billing, marketing, bad debt, advertising and
office administration.  Management fee expense reflects charges incurred under the Companys management agreements with MCC.

Depreciation
and amortization associated with the Companys acquisition activities and capital investment program, as well as the interest expense related to the Companys financing activities, have caused the Company to report net losses.  The
Company believes that such net losses are common for cable television companies.

7



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Actual Results of Operations

Selected Operating Data.The table below provides selected operating data for the Companys cable systems.

|                  |  | June 30,  2003 |         | June 30,  2002 | 
|----------------- |  | -------------- | ------- | -------------- | 
|                  |  |                |         |                | 
|Basic subscribers |  |                | 739,000 |                | 
|Digital customers |  |                | 147,000 |                | 
|Data customers    |  |                | 101,000 |                | 

Three Months Ended June 30, 2003 Compared to Three Months Ended June 30,
2002

Revenues.  Revenues increased by 10.8% to $113.6 million for the three months ended June 30, 2003, as compared to $102.5
million for the three months ended June 30, 2002.  Revenues by service offering were as follows (dollars in millions):



|            |  | Three Months Ended  June 30, |      
|----------- |  | ---------------------------- | -----
|            |  |                              |      
|            |  | 2003                         |      
|            |  |                              |      
|            |  | Amount                       |      
|            |  |                              |      
|Video       |  | $                            | 100.1
|Data        |  |                              | 11.5 
|Advertising |  |                              | 2.0  
|            |  |                              |      
|            |  | $                            | 113.6
|            |  |                              |      

Video revenues increased by 4.7% to $100.1 million for the
three months ended June 30, 2003, as compared to $95.6 million for the three months ended June 30, 2002.  Video revenues increased primarily due to basic rate increases largely associated with programming rate increases and to customer growth
in the Companys digital cable services, partially offset by a decline in basic subscribers due to increased competition and a reduction in analog premium service units.

Data revenues increased by 100.9% to $11.5 million for the three months ended June 30, 2003, as compared to $5.7 million for the three months ended June 30, 2002.  Data
revenues increased primarily due to customer growth in the Companys high-speed Internet access service.

Advertising revenues increased by
61.1% to $2.0 million for the three months ended June 30, 2003, as compared to $1.2 million for the three months ended June 30, 2002.  Advertising revenues increased primarily due to an increase in the number of markets managed by the
Companys advertising sales division.

Service costs.  Service costs increased 10.8% to $41.8 million for the three months ended
June 30, 2003, as compared to $37.7 million for the three months ended June 30, 2002.   Service costs increased primarily due to higher programming expenses for existing basic services and greater operating costs directly related to
customer growth in the Companys high-speed Internet access services.  The increase in basic programming expenses was partially offset by lower programming costs related to a decline in analog premium service units. As a percentage of
revenues, service costs were 36.8% for the three months ended June 30, 2003 and June 30, 2002.

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Selling, general and administrative expenses.  Selling, general and administrative expenses increased 15.1% to
$19.4 million for the three months ended June 30, 2003, as compared to $16.8 million for the three months ended June 30, 2002.  This was primarily a result of increases in bad debt expense, advertising expenses related to the Companys new
markets, and marketing expenses related to the Companys digital and high-speed Internet services.  As a percentage of revenues, selling, general and administrative expenses were 17.0% for the three months ended June 30, 2003, as compared
with 16.4% for the three months ended June 30, 2002.

Management fee expense.  The Companys management fee expense decreased 9.0% to
$1.8 million for the three months ended June 30, 2003, as compared to $1.9 million for the three months ended June 30, 2002.  The decrease was due to the recognition of $0.5 million of non-cash stock charges during the three months ended June
30, 2002, offset by greater overhead costs charged by MCC.  These non-cash charges represented vesting in equity interests granted to certain members of MCCs management team.  As a percentage of revenues, management fee expense was
1.5% for the three months ended June 30, 2003, as compared with 1.9% for the three months ended June 30, 2002.

Depreciation and
amortization.  Depreciation and amortization decreased 8.3% to $48.1 million for the three months ended June 30, 2003, as compared to $52.4 million for the three months ended June 30, 2002.  The decrease is due to a reduction in
amortization expense related to fully amortized intangible assets.

Interest expense, net.  Interest expense, net, decreased 0.6% to
$25.4 million for the three months ended June 30, 2003, as compared to $25.6 million for the three months ended June 30, 2002.  This was primarily due to lower market interest rates during the three months ended June 30, 2003, and the
expiration of certain interest rate exchange agreements with high fixed interest rates, offset in part by higher average indebtedness and an increase in the aggregate notional amount of the Companys interest rate exchange agreements from
$170.0 million as of June 30, 2002 to $330.0 million as of June 30, 2003.  The average fixed interest rate the Company paid under its interest rate exchange agreements was higher than variable market interest rates.

Loss (gain) on derivative instruments, net.  Loss on derivative instruments, net, was $2.9 million for the three months ended June 30, 2003, as compared to
$0.1 million for the three months ended June 30, 2002.  This was primarily due to an increase in the aggregate notional amount of the Companys interest rate exchange agreements and the fixed interest rates associated with such agreements,
and a decline in market interest rates.

Investment income from affiliate.  Investment income from affiliate was $4.5 million for the
three months ended June 30, 2003 and June 30, 2002.  This amount represents the investment income on the Companys $150.0 million preferred equity investment in Mediacom Broadband LLC, a wholly-owned subsidiary of MCC.  See
Liquidity and Capital Resources-Investing Activities.

Other expenses.  Other expenses were $0.4 million for the
three months ended June 30, 2003, as compared to $1.2 million for the three months ended June 30, 2002.  Other expenses primarily represent amortization of deferred financing costs and fees on unused credit commitments.  Other expenses for
the three months ended June 30, 2003 were offset by a gain on sale of investments amounting to $0.7 million.

Net loss.  Due to the
factors described above, the Company generated a net loss of $21.6 million for the three months ended June 30, 2003, as compared to a net loss of $28.7 million for the three months ended June 30, 2002.

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Six Months Ended June 30, 2003 Compared to Six Months Ended June 30, 2002

Revenues.  Revenues increased by 11.5% to $222.7 million for the six months ended June 30, 2003, as compared to $199.7 million for the six months ended June 30,
2002.  Revenues by service offering were as follows (dollars in millions):



|            |  | Six months Ended June 30, |      
|----------- |  | ------------------------- | -----
|            |  |                           |      
|            |  | 2003                      |      
|            |  |                           |      
|            |  | Amount                    |      
|            |  |                           |      
|Video       |  | $                         | 197.5
|Data        |  |                           | 21.8 
|Advertising |  |                           | 3.4  
|            |  |                           |      
|            |  | $                         | 222.7
|            |  |                           |      

Video revenues increased by 5.2% to $197.5 million for
the six months ended June 30, 2003, as compared to $187.6 million for the six months ended June 30, 2002.  Video revenues increased primarily due to basic rate increases largely associated with programming rate increases and to customer growth
in the Companys digital cable services, partially offset by a decline in basic subscribers due to increased competition and a reduction in analog premium service units.

Data revenues increased by 122.7% to $21.8 million for the six months ended June 30, 2003, as compared to $9.8 million for the six months ended June 30, 2002.  Data revenues
increased primarily due to customer growth in the Companys high-speed Internet access service.

Advertising revenues increased by 51.1% to $3.4
million for the six months ended June 30, 2003, as compared to $2.3 million for the six months ended June 30, 2002.  Advertising revenues increased primarily due to an increase in the number of markets managed by the Companys advertising
sales division.

Service costs.  Service costs increased 10.4% to $82.6 million for the six months ended June 30, 2003, as compared to
$74.8 million for the six months ended June 30, 2002.  Service costs for the six months ended June 30, 2002 include $1.3 million of incremental costs related to the Companys transition to its Mediacom Online high-speed Internet access
service.  Excluding these incremental costs, service costs increased primarily due to higher programming expenses for existing basic services and greater operating costs directly related to customer growth in the Companys high-speed
Internet access services.  The increase in basic programming expenses was partially offset by lower programming costs related to a decline in analog premium service units.  As a percentage of revenues, service costs were 37.1% for the six
months ended June 30, 2003, as compared with 37.5% for the six months ended June 30, 2002.

Selling, general and administrative
expenses.  Selling, general and administrative expenses increased 14.1% to $38.6 million for the six months ended June 30, 2003, as compared to $33.8 million for the six months ended June 30, 2002.  This was primarily a result of
increases in bad debt expense, advertising expenses related to the Companys new markets and marketing expenses related to the Companys digital and high-speed Internet services. As a percentage of revenues, selling, general and
administrative expenses were 17.3% for the six months ended June 30, 2003, as compared with 16.9% for the six months ended June 30, 2002.

Management fee expense.  The Companys management fee expense decreased 21.2% to $3.4 million for the six months ended June 30, 2003, as compared to $4.3 million
for the six months ended June 30, 2002.  The decrease was due to the recognition of $1.5 million of non-cash stock charges during the six months ended June 30, 2002, offset by greater overhead costs charged by MCC.  These non-cash charges
represented vesting in equity interests granted to certain members of MCCs management team.  As a percentage of revenues, management fee expense was 1.5% for the six months ended June 30, 2003, as compared with 2.2% for the six months
ended June 30, 2002.

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Depreciation and amortization.  Depreciation and amortization increased 0.7% to $97.7 million for the six months
ended June 30, 2003, as compared to $97.1 million for the six months ended June 30, 2002.  The increase is due to the Companys ongoing investments in its cable systems, offset in part by a reduction in amortization expense related to
fully amortized intangible assets.

Interest expense, net.  Interest expense, net, increased 1.0% to $51.6 million for the six months
ended June 30, 2003, as compared to $51.1 million for the six months ended June 30, 2002.  This was primarily due to an increase in average indebtedness and an increase in the aggregate notional amount of the Companys interest rate
exchange agreements from $170.0 million as of June 30, 2002 to $330.0 million as of June 30, 2003, offset in part by lower market interest rates for the six months ended June 30, 2003 and the expiration of certain interest rate exchange agreements
with high fixed interest rates.  The average fixed interest rate the Company paid under its interest rate exchange agreements was higher than variable market interest rates.

Loss (gain) on derivative instruments, net.  Loss on derivative instruments, net, was $2.3 million for the six months ended June 30, 2003, as compared to a gain of
$2.1 million for the six months ended June 30, 2002.  This was primarily due to an increase in the aggregate notional amount of the Companys interest rate exchange agreements and the fixed interest rates associated with such agreements,
and a decline in market interest rates.

Investment income from affiliate.  Investment income from affiliate was $9.0 million for the six
months ended June 30, 2003 and June 30, 2002.  This amount represents the investment income on the Companys $150.0 million preferred equity investment in Mediacom Broadband LLC.  See Liquidity and Capital
Resources-Investing Activities.

Other expenses.  Other expenses were $1.4 million for the six months ended June 30,
2003, as compared to $2.6 million for the six months ended June 30, 2002.  Other expenses primarily represent amortization of deferred financing costs and fees on unused credit commitments.  Other expenses for the six months ended June 30,
2003 were offset by a gain on sale of investment amounting to $0.7 million.

Net loss.  Due to the factors described above, the Company
generated a net loss of $46.0 million for the six months ended June 30, 2003, as compared to a net loss of $52.9 million for the six months ended June 30, 2002.

Liquidity and Capital
Resources

The Companys business requires capital for the upgrade, expansion and maintenance of its cable network and for the introduction
of new advanced broadband services.  In addition, the Company has pursued, and will continue to pursue, a business strategy that includes selective acquisitions and new product development. The Company has funded and will continue to fund its
working capital requirements, capital expenditures and acquisitions through a combination of internally generated funds and long-term borrowings.

Operating
Activities

Net cash flows provided by operating activities were $65.5 million for the six months ended June 30, 2003, as compared to $7.0
million for the corresponding period in 2002.  The increase in net cash flows was primarily attributable to the $19.0 million increase in accounts payable and accrued expenses for the six months ended June 30, 2003, as compared to the $39.4
million decline for the corresponding period in 2002.

Investing Activities

Net cash flows used in investing activities were $54.8 million and $85.0 million for the six months ended June 30, 2003 and 2002, respectively.  The change in net cash flows
resulted primarily from a reduction in capital expenditures for the six months ended June 30, 2003.

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The Companys capital expenditures were $59.6 million for the six months ended June 30, 2003, inclusive of $3.2 million of
vehicles purchased and financed under capital leases.  As of June 30, 2003, as a result of the Companys cumulative capital investment in its network upgrade program, approximately 98% of the Companys cable network was upgraded with
550MHz to 870MHz bandwidth capacity and about 96% of the Companys homes passed were activated with two-way communications capability.  As of June 30, 2003, the Companys digital cable service was available to approximately 97% of its
basic subscribers, and the Companys data service was marketed to about 95% of the homes passed by its cable systems.

The Company has virtually
completed its planned network upgrade program and expects prospective capital expenditures to consist primarily of the costs of new advanced service installations and equipment, new plant construction and network replacement.  Due to
efficiencies associated with the Companys network upgraded program and overall capital plan, the Company now expects to invest approximately $105.0 million to $110.0 million in capital expenditures in 2003, which represents a reduction from
previous guidance of a range of $120.0 million to $130.0 million.

The Company has a $150.0 million preferred equity investment in Mediacom Broadband
LLC, that was funded with borrowings under the Companys bank credit facilities.  The preferred equity investment has a 12% annual cash dividend, payable quarterly in cash.  For the six months ended June 30, 2003, the Company received
in aggregate $9.0 million cash dividend on the preferred equity.

Financing Activities

Net cash flows used in financing activities were $6.3 million and net cash flows provided by financing activities were $80.0 million for the six months ended June 30, 2003 and
2002, respectively.  The net change in cash flows resulted from lower borrowing requirements for the six months ended June 30, 2003.

The Company
has two bank credit facilities, each in the amount of $550.0 million.  These bank credit facilities expire in September 2008 and December 2008, however, their final maturities are subject to earlier repayment on dates ranging from June 2007 to
December 2007 if the Company does not refinance its $200.0 million 81⁄2% senior notes due April 2008 prior to June 30, 2007.

The Company
has entered into interest rate exchange agreements, which expire from April 2003 through March 2007, to hedge $330.0 million of floating rate debt.  Under the terms of all of the Companys interest rate exchange agreements, the Company is
exposed to credit loss in the event of nonperformance by the other parties of the interest exchange agreements.  However, the Company does not anticipate their nonperformance.   As of the filing date of this report, about 75% of the
Companys outstanding indebtedness was at fixed interest rates or subject to interest rate protection.

As of June 30, 2003, the Companys
total debt was approximately $1.55 billion, it had unused credit commitments of about $330.0 million under its bank credit facilities and its annualized cost of debt capital was approximately 6.5%.  On such date, approximately $306.4 million
could be borrowed and used for general corporate purposes under the most restrictive covenants in the Companys debt arrangements.  As of June 30, 2003, the Company was in compliance with all covenants under its debt
arrangements.

Although the Company has not generated earnings sufficient to cover fixed charges, the Company has generated cash and obtained
financing sufficient to meet its short-term requirements, including its debt service, working capital, capital expenditure and acquisition requirements.  The Company expects that it will continue to be able to generate funds and obtain
financing sufficient to service its long-term business plan, service the Companys debt obligations and complete any future acquisitions.  However, there can be no assurance that the Company will be able to obtain sufficient financing, or,
if it were able to do so, that the terms would be favorable to the Company.

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Critical Accounting Policies

The foregoing discussion and analysis
of the Companys financial condition and results of operations is based upon the Companys consolidated financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States. 
The preparation of these financial statements requires the Company to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. 
Periodically the Company evaluates its estimates, including those related to doubtful accounts, long-lived assets, capitalized costs and accruals.  The Company bases its estimates on historical experience and on various other assumptions that
the Company believes are reasonable.  Actual results may differ from these estimates under different assumptions or conditions.

The Company
believes the following represent the most significant and subjective estimates used in the preparation of its consolidated financial statements.

Property, Plant and
Equipment

In accordance with Statement of Financial Accounting Standards (SFAS) No. 51, Financial Reporting by Cable
Television Companies, the Company capitalizes a portion of direct and indirect costs related to the construction, replacement and installation of property, plant and equipment.  Capitalized costs are recorded as additions to property,
plant and equipment and depreciated over the life of the related assets.  The Company performs periodic evaluations of the estimates used to determine the amount of costs that are capitalized.

Impairment of Long-Lived Assets

The Company follows the provisions of SFAS No. 144,
Accounting for the Impairment or Disposal of Long-Lived Assets.  SFAS No. 144 addresses financial accounting and reporting for the impairment or disposal of long-lived assets and provides guidance on classification and accounting
for such assets when held for sale or abandonment.  There have been no changes in the Companys circumstances that would indicate that the Company would need to perform an impairment review at June 30, 2003.

Goodwill and Other Intangible Assets

Effective January 1, 2002, the Company adopted SFAS No. 142,
Goodwill and Other Intangible Assets.  The provisions of SFAS No. 142 prohibit the amortization of goodwill and indefinite-lived intangible assets and require such assets to be tested annually for impairment, or more frequently if
impairment indicators arise.  The Company has determined that its cable franchise costs are indefinite-lived assets.  The Companys annual impairment tests, performed as of September 30, 2002, determined that there was no impairment
of goodwill or indefinite-lived intangible assets.  There have been no events since then that would require an analysis to be completed prior to September 30, 2003.

Recent Accounting
Pronouncements

In April 2003, the FASB issued SFAS No. 149, Amendment of Statement 133 on Derivative Instruments and Hedging
Activities. SFAS No. 149 amends and clarifies financial accounting and reporting for derivative instruments, including certain derivative instruments embedded in other contracts and for hedging activities under SFAS No. 133, Accounting
for Derivative Instruments and Hedging Activities. In general, SFAS No. 149 is effective for contracts entered into or modified after June 30, 2003 and for hedging relationships designated after June 30, 2003. The adoption of SFAS 149 in the
third quarter of fiscal 2003 is not expected to have a material impact on the Companys financial condition or results of operations.

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In May 2003, the FASB issued SFAS No. 150, Accounting for Certain Financial Instruments with Characteristics of both
Liabilities and Equity.  SFAS 150 establishes standards for how an issuer classifies and measures in its statement of financial position certain financial instruments with characteristics of both liabilities and equity.  In
accordance with SFAS 150, certain financial instruments that embody obligations for the issuer are required to be classified as liabilities. SFAS 150 is effective for financial instruments entered into or modified after May 31, 2003, and otherwise
shall be effective at the beginning of the first interim period beginning after June 15, 2003. The adoption of SFAS 150 in the third quarter of fiscal 2003 is not expected to have a material impact on the Companys financial condition or
results of operations.

Inflation and Changing Prices

The Companys systems
costs and expenses are subject to inflation and price fluctuations.  Such changes in costs and expenses can generally be passed through to subscribers.  Programming costs have historically increased at rates in excess of inflation and are
expected to continue to do so.  The Company believes that under the Federal Communications Commissions existing cable rate regulations, the Company may increase rates for cable television services to more than cover any increases in
programming.  However, competitive conditions and other factors in the marketplace may limit the Companys ability to increase its rates.

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ITEM 3.          QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

In the normal course of business, the Company uses interest rate exchange agreements in order to fix the interest rate on its floating rate debt.  As of June 30, 2003, the
Company had interest rate exchange agreements with various banks pursuant to which the interest rate on $330.0 million is fixed at a weighed average rate of approximately 3.3%, plus the average applicable margin over the eurodollar rate option under
the Companys bank credit agreements.  Under the terms of the interest rate exchange agreements, which expire from 2003 through 2007, the Company is exposed to credit loss in the event of nonperformance by the other parties.  However,
the Company does not anticipate nonperformance by the other parties.  At June 30, 2003, based on the mark-to-market valuation, the Company would have paid approximately $11.2 million if it terminated these agreements, inclusive of accrued
interest.

The table below provides the expected maturity and estimated fair value of the Companys debt as of June 30, 2003 (dollars in
thousands).  See Note 4 to the Companys unaudited consolidated financial statements.

|                               |  | Senior Notes |         | Bank Credit  Facilities |   |         | Capital Lease  Obligations |   | Total |  
|------------------------------ |  | ------------ | ------- | ----------------------- | - | ------- | -------------------------- | - | ----- | -
|                               |  |              |         |                         |   |         |                            |   |       |  
|Expected Maturity:             |  |              |         |                         |   |         |                            |   |       |  
|Less than 1 year               |  | $            |        |                         | $ | 2,000   |                            | $ | 819   |  
|1 year                         |  |              |        |                         |   | 2,000   |                            |   | 831   |  
|2 years                        |  |              |        |                         |   | 93,750  |                            |   | 820   |  
|3 years                        |  |              |        |                         |   | 182,000 |                            |   | 505   |  
|4 years                        |  |              |        |                         |   | 249,500 |                            |   | 98    |  
|Thereafter                     |  |              | 825,000 |                         |   | 188,250 |                            |   |      |  
|                               |  |              |         |                         |   |         |                            |   |       |  
|Total                          |  | $            | 825,000 |                         | $ | 717,500 |                            | $ | 3,073 |  
|                               |  |              |         |                         |   |         |                            |   |       |  
|Fair Value                     |  | $            | 857,500 |                         | $ | 717,500 |                            | $ | 3,073 |  
|                               |  |              |         |                         |   |         |                            |   |       |  
|Weighted Average Interest Rate |  |              | 9.0     | %                       |   | 2.7     | %                          |   | 3.1   | %
|                               |  |              |         |                         |   |         |                            |   |       |  

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ITEM 4.          CONTROLS AND PROCEDURES

Mediacom LLC

The management of Mediacom LLC (Mediacom) carried out an evaluation, with the participation of the Mediacoms Chief Executive Officer and
Chief Financial Officer, of the effectiveness of Mediacoms disclosure controls and procedures as of June 30, 2003.  Based upon that evaluation, Mediacoms Chief Executive Officer and Chief Financial Officer concluded that
Mediacoms disclosure controls and procedures were effective to ensure that information required to be disclosed by Mediacom in the reports that it files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized
and reported, within the time periods specified in the rules and forms of the Securities and Exchange Commission.

There has not been any change in
Mediacoms internal control over financial reporting in connection with the evaluation required by Rule 15d-15(d) under the Exchange Act that occurred during the quarter ended June 30, 2003 that has materially affected, or is reasonably likely
to materially affect, Mediacoms internal control over financial reporting.

Mediacom Capital Corporation

The management of Mediacom Capital Corporation (Mediacom Capital) carried out an evaluation, with the participation of the Mediacom Capitals Chief Executive
Officer and Chief Financial Officer, of the effectiveness of Mediacom Capitals disclosure controls and procedures as of June 30, 2003.  Based upon that evaluation, Mediacom Capitals Chief Executive Officer and Chief Financial
Officer concluded that Mediacom Capitals disclosure controls and procedures were effective to ensure that information required to be disclosed by Mediacom Capital in the reports that it files or submits under the Securities Exchange Act of
1934 is recorded, processed, summarized and reported, within the time periods specified in the rules and forms of the Securities and Exchange Commission.

There has not been any change in Mediacom Capitals internal control over financial reporting in connection with the evaluation required by Rule 15d-15(d) under the Exchange
Act that occurred during the quarter ended June 30, 2003 that has materially affected, or is reasonably likely to materially affect, Mediacom Capitals internal control over financial reporting.

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PART II

ITEM 6.          EXHIBITS AND REPORTS ON FORM 8-K

(a)  Exhibits

|Exhibit Number |  | Exhibit Description                                          
|-------------- |  | -------------------------------------------------------------
|               |  |                                                              
|31.1           |  | Rule 15d-14(a) Certifications of Mediacom LLC                
|31.2           |  | Rule 15d-14(a) Certifications of Mediacom Capital Corporation
|               |  |                                                              
|32.1           |  | Section 1350 Certifications of Mediacom LLC                  
|32.2           |  | Section 1350 Certifications of Mediacom Capital Corporation  

(b)  Reports on Form 8-K

During the quarter ended June 30, 2003, the Company filed or furnished the following current reports on Form 8-K with the Securities and Exchange
Commission:

Current reports on Form 8-K, dated May 15, 2003 and May 20, 2003, were furnished on May 15, 2003 and May 20, 2003, respectively. 
The item reported was:

| |  | Item 9 - Regulation FD Disclosure, which furnished the Section 906 certification that accompanied the Companys quarterly report on Form 10-Q for the quarter ended March
31, 2003.
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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SIGNATURES

Pursuant to the requirements of the
Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

|                | MEDIACOM LLC |                                                                    
|--------------- | ------------ | -------------------------------------------------------------------
|                |              |                                                                    
|August 13, 2003 | By:          | /s/ MARK E. STEPHAN                                                
|                |              |                                                                    
|                |              | Mark E. Stephan  Senior Vice President and  Chief Financial Officer

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SIGNATURES

Pursuant to the requirements of the
Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.





|                |     | MEDIACOM CAPITAL CORPORATION                                           | 
|--------------- | --- | ---------------------------------------------------------------------- | 
|                |     |                                                                        | 
|August 13, 2003 | By: | /s/ MARK E. STEPHAN                                                    | 
|                |     |                                                                        | 
|                |     | Mark E. Stephan  Treasurer and Secretary (Principal Financial Officer) | 

19