EXHIBIT INDEX APPEARS ON PAGE


                     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 September 30, 2006

                          Commission File Number: 0-17170


                                TELVUE CORPORATION
         (Exact name of small business issuer as specified in its charter)




           DELAWARE                                     51-0299879
(State or other jurisdiction of                      (I.R.S. Employer
incorporation or organization)                      Identification No.)



16000 Horizon Way, Suite 500
Mt. Laurel, New Jersey                                      08054
(Address of principal executive offices)                  (Zip Code)

Issuer's telephone number, including area code:(856) 273-8888

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 issuer was required to file such reports)
and (2) has been subject to such filing requirements for the past 90 days.
Yes   X   No
    ------   ------

Indicate by check mark whether the registrant is a shell company (as defined
in Rule, 12b-2 of the Exchange Act) Yes       No  X
                                       ------   ------

Number of shares of registrant's common stock outstanding as of October 21,
2006: 48,356,407 shares.

Transitional Small Business Disclosure Format:  Yes       No   X
                                                  ------   ------
This report includes a total of 29 pages.


                         TELVUE CORPORATION

                                       INDEX

                                                                      PAGE
                                                                       NO.
                                                                      -----

PART I.   FINANCIAL INFORMATION

          Item 1.  Financial Statements

          Balance Sheets as of September 30, 2006
          (unaudited) and as of December 31, 2005

          Statements of Operations for the three
          months ended September 30, 2006 (unaudited)
          and September 30, 2005 (unaudited)

          Statements of Operations for the nine
          months ended September 30, 2006 (unaudited)
          and September 30, 2005 (unaudited)

          Statements of Cash Flows for the nine
          months ended September 30, 2006 (unaudited)
          and September 30, 2005 (unaudited)

          Notes to Financial Statements (unaudited)

          Item 2.  Management's Discussion and Analysis or Plan of
                   Operation

          Item 3.  Controls and Procedures


PART II.  OTHER INFORMATION

          Item 6.  Exhibits


<Page>
<Table>
PART I.  Financial Information
ITEM I.  Financial Statements
                                 TELVUE CORPORATION
                                   BALANCE SHEETS

                                               September 30,   December 31,
                                                   2006            2005
                                               -------------   -----------
<S>                                              <C>             <C>

ASSETS                                         (Unaudited)           *

CURRENT ASSETS
  Cash and cash equivalents                     $    87,599     $  174,464
  Accounts receivable - trade, net of allowance
   of $57,105 at September 30, 2006 and
   $80,875 at December 31, 2005                     348,564        303,355
  Other receivables   	                                  -         10,900
  Prepaid expenses                                   88,806         40,633
                                                -----------     ----------
     TOTAL CURRENT ASSETS                           524,969        529,352

PROPERTY AND EQUIPMENT
  Machinery and equipment                         6,114,638      5,713,180
  Less accumulated depreciation                   5,275,956      5,135,604
                                                -----------     ----------
                                                    838,682        577,576

OTHER ASSETS                                          8,800          8,800

                                                 ----------     ----------
                                                 $1,372,451     $1,115,728
                                                 ==========     ==========

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES
  Accounts payable - trade                       $   97,017     $  130,716
  Accrued expenses                                  262,258        212,510
  Deferred service revenue                          149,291        129,484
                                                -----------     ----------
     TOTAL CURRENT LIABILITIES                      508,566        472,710

LINE OF CREDIT - MAJORITY STOCKHOLDER             1,600,000        200,000

NOTES PAYABLE - MAJORITY STOCKHOLDER                541,000        541,000

ACCRUED INTEREST - MAJORITY STOCKHOLDER              65,035          1,710

STOCKHOLDERS' EQUITY (DEFICIT)
 Common stock, $.01 par value, 100,000,000
 shares authorized, 48,356,407 and 48,336,407
 shares issued and outstanding at September
 30, 2006 and December 31, 2005, respectively       483,564        483,364
 Additional paid-in capital                       4,874,656      4,873,856
 Accumulated deficit                             (6,700,370)    (5,456,912)
                                                 -----------    -----------
                                                 (1,342,150)       (99,692)
                                                 -----------    -----------
                                                 $1,372,451     $1,115,728
                                                 ===========    ===========
*  Derived from audited financial statements.

The accompanying unaudited notes are an integral part of these statements.

<Page>
                                   TELVUE CORPORATION
                                STATEMENTS OF OPERATIONS
                                       (UNAUDITED)


                                                    Three Months Ended
                                                      September 30,
                                              ----------------------------
                                                    2006            2005
                                                    ----            ----
REVENUES
  ANI service                                  $   369,337     $   484,711
  TVTN services                                    141,259          94,982
                                               -----------     -----------
                                                   510,596         579,693
COST OF REVENUES
  ANI services                                     119,124         153,485
  TVTN services                                    134,087         130,331
                                               -----------     -----------
TOTAL COST OF REVENUES                             253,211         283,816
                                               -----------     -----------
GROSS MARGIN                                       257,385         295,877

OPERATING EXPENSES
  Selling and marketing                            408,819         265,536
  General and administrative                       241,215         296,275
  Depreciation & amortization                       62,846          41,813
                                               -----------     -----------
                                                   712,880         603,624
                                               -----------     -----------
OPERATING LOSS                                    (455,495)       (307,747)

OTHER INCOME (EXPENSE)
  Interest income                                   16,386           1,517
  Interest expense                                 (32,934)            -
                                               -----------      ----------
TOTAL OTHER INCOME (EXPENSE)                       (16,548)          1,517

LOSS FROM CONTINUING OPERATIONS                   (472,043)       (306,230)

DISCONTINUED OPERATIONS
  Loss from operations of discontinued
   component                                           -            (4,452)
                                                 ----------     ----------
NET LOSS                                        $ (472,043)     $ (310,682)
                                                ===========     ===========
BASIC AND DILUTED NET LOSS PER COMMON SHARE
  FROM CONTINUING OPERATIONS                         $(.01)          $(.01)
  FROM DISCONTINUED OPERATIONS                         .00             .00
                                                     ------          ------
    TOTAL                                            $(.01)          ($.01)
                                                     ======          ======
WEIGHTED AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING
   BASIC AND DILUTED                             48,356,407      40,156,708
                                                 ==========      ==========

The accompanying unaudited notes are an integral part of these statements.

<Page>
                                   TELVUE CORPORATION
                                STATEMENTS OF OPERATIONS
                                       (UNAUDITED)


                                                   Nine Months Ended
                                                     September 30,
                                              ----------------------------
                                                    2006            2005
                                                    ----            ----

REVENUES
  ANI service                                  $ 1,161,458     $ 1,633,962
  TVTN services                                    368,595         156,089
                                               -----------     -----------
                                                 1,530,053       1,790,051
COST OF REVENUES
  ANI services                                     346,795         598,482
  TVTN services                                    407,328         287,422
                                               -----------     -----------
TOTAL COST OF REVENUES                             754,123         885,904
                                               -----------     -----------
GROSS MARGIN                                       775,930         904,147

OPERATING EXPENSES
  Selling and marketing                          1,007,387         700,837
  General and administrative                       806,837         867,752
  Depreciation & amortization                      166,075         112,196
                                               -----------     -----------
                                                 1,980,299       1,680,785
                                               -----------     -----------
OPERATING LOSS                                  (1,204,369)       (776,638)

OTHER INCOME (EXPENSE)
  Interest income                                   17,236           6,856
  Interest expense                                 (63,325)            -
  Gain on sale of equipment                          7,000             -
                                                -----------     -----------
TOTAL OTHER INCOME (EXPENSE)                       (39,089)          6,856

LOSS FROM CONTINUING OPERATIONS                 (1,243,458)       (769,782)

DISCONTINUED OPERATIONS
  Loss from operations of discontinued
   component                                           -            (6,175)
                                                -----------     ----------
NET LOSS                                        $(1,243,458)    $ (775,957)
                                                ===========     ===========
BASIC AND DILUTED NET LOSS PER COMMON SHARE
  FROM CONTINUING OPERATIONS                         $(.03)          $(.03)
  FROM DISCONTINUED OPERATIONS                         .00             .00
                                                     ------          ------
    TOTAL                                            $(.03)          ($.03)
                                                     ======          ======
WEIGHTED AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING
   BASIC AND DILUTED                             48,345,345      30,013,128
                                                 ==========      ==========

The accompanying unaudited notes are an integral part of these statements.

<Page>

                                   TELVUE CORPORATION
                                STATEMENTS OF CASH FLOWS
                                    (UNAUDITED)


                                                     Nine Months Ended
                                                       September 30,
                                                    ---------------------
                                                     2006            2005
                                                     ----            ----

CASH FLOWS FROM OPERATING ACTIVITIES
 Net loss                                       $(1,243,458)     $(775,957)
 Adjustments to reconcile net loss to
  net cash used by operating activities:
   Depreciation & amortization                      166,075        112,196
   Gain on sale of property and equipment            (7,000)           -
   Expense of previously capitalized
    installation and production costs                19,440            -
Changes in assets and liabilities:
  Decrease (increase) in -
   Accounts receivable - trade                      (45,209)        95,468
   Other receivables                                 10,900            -
   Prepaid expenses                                 (48,173)       (43,638)
   Current assets from discontinued operations           -          48,572
  Increase (decrease) in -
   Accounts payable - trade                         (33,699)        18,065
   Accrued expenses                                  49,748        (67,330)
   Deferred service revenue                          19,807         34,396
   Accrued interest - majority stockholder           63,325            -
   Current liabilities from discontinued operations     -           (8,948)
                                                   ---------      --------
    NET CASH USED BY OPERATING ACTIVITIES         (1,048,244)     (587,176)
                                                   ---------      --------

CASH FLOWS FROM INVESTING ACTIVITIES
  Purchases of property and equipment              (446,621)      (334,698)
  Proceeds from sale of property and equipment        7,000             -
                                                   ---------       --------
   NET CASH USED BY INVESTING ACTIVITIES           (439,621)      (334,698)

CASH FLOWS FROM FINANCING ACTIVITIES
  Proceeds from line of credit - majority
     stockholder                                   1,400,000            -
  Issuance of common stock                             1,000            -
                                                   ---------       --------
   NET CASH PROVIDED BY FINANCING ACTIVITIES       1,401,000            -

NET DECREASE IN CASH AND CASH EQUIVALENTS           (86,865)      (921,874)

CASH AND CASH EQUIVALENTS,
  BEGINNING OF PERIOD                                174,464      1,206,219
                                                  ----------     ----------
CASH AND CASH EQUIVALENTS, END OF PERIOD          $   87,599     $  284,345
                                                  ==========     ==========

The accompanying unaudited notes are an integral part of these statements.


</Table>
<Page>

                                     TELVUE CORPORATION
                               NOTES TO FINANCIAL STATEMENTS
                                     (UNAUDITED)

1.  BASIS OF PRESENTATION:
    ----------------------

Summary Financial Information and Results of Operations
--------------------------------------------------------

In the opinion of management, the accompanying unaudited financial
statements have been prepared in conformance with accounting principles
generally accepted in the United States of America and with the regulations of
the Securities and Exchange Commission and contain all adjustments (consisting
of only normal recurring adjustments) necessary to make the financial statements
not misleading and to present fairly the financial condition as of September
30, 2006 and the results of operations for the three and nine months ended
September 30, 2006 and 2005 and cash flows for the nine months ended September
30, 2006 and 2005.

Interim Financial Information
-----------------------------

While management believes that the disclosures presented are adequate to
prevent misleading information, these unaudited financial statements must be
read in conjunction with the audited financial statements and notes included in
the Company's Annual Report on Form 10-KSB for the year ended December 31, 2005,
as filed with the Securities and Exchange Commission.

Prior period financial statements have been reclassified to conform with
current quarter presentation.

2. DISCONTINUED OPERATIONS:
    ------------------------

In the second quarter of 2004, the Company made a decision to discontinue the
business segment that operated under the name, Source Communications Group
("Source").  Source functioned as a communications solution provider and network
integrator serving clients mainly in the Mid-Atlantic States.  This decision was
made as a result of the ongoing losses produced by the Source segment and the
amount of time and resources required to run the segment.  The Company has been
using and continues to use its time and resources to focus on growing its TVTN
(as referenced in footnote 9 of this report) business (see Part I, Item 2, of
this report, "Management's Discussion and Analysis or Plan of Operation").

The results for the Source segment have been classified as discontinued
operations for all periods presented in the Statements of Operations.  Cash
flows related to discontinued operations have not been segregated in the
Statement of Cash Flows.

No assets and liabilities from discontinued operations exist at the nine months
ended September 30, 2006 or December 31, 2005.  During the nine months ended
September 30, 2005 there was an operating loss from discontinued operations of
$6,175 as a result of a hardware sales and service refund of $1,503, cost of
goods sold for hardware sales of $1,260 and selling, administrative and
depreciation expenses of $3,412.

3.  SUPPLEMENTAL CASH FLOW INFORMATION:
    -----------------------------------

No income tax expense or interest expense was paid during either the three or
nine months ended September 30, 2006 or 2005.

Non-cash Investing and Financing Transactions
---------------------------------------------
On June 16, 2005, Mr. Lenfest agreed to relinquish his right to all accrued but
unpaid dividends attributable to the redeemable convertible Preferred Stock.
Therefore $3,061,269 of accrued dividends was reversed and included in
stockholders' equity as a decrease to the Company's accumulated deficit as of
September 30, 2005.

4  EARNINGS PER COMMON SHARE:
   --------------------------

Basic earnings per common share is computed by dividing net income, after
deduction of preferred stock dividends, when applicable, by the weighted average
number of shares of outstanding common stock.  Diluted earnings per common share
is computed by dividing net income, after the deduction of preferred stock
dividends, when applicable, by the weighted average number of shares of
outstanding common stock adjusted to include incremental common shares that
would have been outstanding if potentially dilutive common shares had been
issued.  Common equivalent shares are excluded from the computation in periods
in which they have an antidilutive effect.  Because of the net loss available
to common stockholders for the three and nine months ended September 30, 2006,
respectively, and 2005, no potential common shares are included in the
computation of a diluted per share amount since such potential common shares
would not have a dilutive effect.

5.  CORPORATE INCOME TAXES:
    -----------------------

The Company uses the asset and liability method of accounting for income
taxes in accordance with SFAS No. 109, "Accounting for Income Taxes".  SFAS 109
requires recognition of deferred tax assets and liabilities for the expected
future tax consequences of events that have been recognized in the financial
statements or tax returns.  Under this method, deferred tax liabilities and
assets are determined based on the differences between the financial statement
carrying amounts and tax bases of assets and liabilities using enacted tax
rates in effect in the years in which the differences are expected to reverse.
Differences between financial reporting and tax bases arise most frequently
from differences in timing of income and expense recognition.  Deferred income
tax expense is measured by the change in the net deferred income tax asset or
liability during the year.

The provisions for income tax benefit from continuing operations for the nine
months ended September 30, 2006 and 2005 consist of the following components:

                                                  2006               2005
                                              -----------        ----------
Current
 Federal                                       $    -             $   -
 State                                              -                 -
                                              -----------        ----------
                                                    -                 -
Deferred
 Federal                                         371,000           263,826
 State                                           102,000            72,746
                                               ----------        ----------
                                                 473,000           336,572
Valuation allowance increase                    (473,000)         (336,572)
                                               ----------        ----------
                                                     -                -
                                               ----------        ----------
                                               $     -           $    -
                                               ==========        ==========

TelVue recorded an increase in valuation allowance of $473,000 and $336,572 at
September 30, 2006 and 2005, respectively, to reduce its deferred tax asset to
zero.  The valuation allowance was recorded due to the uncertainty as to whether
future net income would be generated that would utilize TelVue's net operating
loss carry forward.  TelVue's federal net operating loss carry forward was
approximately $4,000,000 on a tax-reporting basis as of September 30, 2006.
The carry forward will begin to expire in 2010, if not utilized.

6.  NOTES PAYABLE AND LINE OF CREDIT - MAJORITY STOCKHOLDER
    ------------------------------------------------------

Note Payable - Majority Stockholder
-----------------------------------
On June 16, 2005, the members of the Board of Directors of the Company and Mr.
Lenfest, a director and the majority stockholder of the Company, extended the
maturity date of a promissory note in the principal amount of $541,000 issued by
the Company and currently held by Mr. Lenfest (the "Science Note") to January 1,
2011.  The Science Note was originally issued by the Company to Science Dynamics
Corporation ("Science") and was payable December 31, 1996.  In January 1995, Mr.
Lenfest purchased the Science Note from Science, and since then the maturity
date had been extended by the Company and Mr. Lenfest on a yearly basis.  The
Science Note is non-interest bearing.

Line of Credit (Note#1) - Majority Stockholder
----------------------------------------------
On April 27, 2005, TelVue entered into a Line of Credit Note with Mr. Lenfest
("Note#1").  Under the terms of Note#1, the Company may borrow, from time to
time, up to the maximum principal amount of Note#1 which is $3,800,000.  The
minimum advance under Note#1 is $100,000 and the interest rate is equal to the
prime rate plus one percent (1%).  Note#1 contains customary events of default,
including, among others, non-payment of principal and interest and in the event
the Company is involved in certain insolvency proceedings.  In the event of a
default, all of the obligations of the Company under Note#1 may be declared
immediately due and payable.  The Line of Credit is unsecured and will expire
on November 23, 2011, unless extended or renewed.  Principal and interest on
Note#1 are also due and payable on November 23, 2011.  As of September 30,
2006, $1,600,000 in borrowings has been made under the line of credit with
accrued interest of $65,035.

Line of Credit (Note#2) - Majority Stockholder
----------------------------------------------
On November 3, 2006, the Company entered into an additional Line of Credit Note
("Note#2") with Mr. Lenfest, in the principal amount of Ten Million Dollars
($10,000,000).  Under this Line of Credit, the Company may request up to
$5,000,000 for general working capital.  The Company may request up to an
additional $5,000,000 available under this Line of Credit for purposes other
than general working capital upon mutual agreement by the Company and Mr.
Lenfest.  The minimum advance under Note#2 is $100,000 and the interest rate
is equal to the prime rate plus one percent (1%).  Note#2 contains customary
events of default, including, among others, non-payment of principal and
interest and in the event TelVue is involved in certain insolvency proceedings.
In the event of a default, all of the obligations of the Company under Note#2
may be declared immediately due and payable. Note#2 is unsecured and will expire
six years from the date of the first advance under  Note#2 unless extended or
renewed.  Principal and interest are also due and payable six years from the
date of the first advance under Note#2.

7.  CAPITAL STOCK:
    -------------

Redeemable Convertible Preferred Stock
--------------------------------------
On June 16, 2005, Mr. Lenfest, the holder of all of the Company's
outstanding Class A Redeemable Convertible Preferred Stock (the "Preferred
Stock"), informed the Company of his intent to convert all of his 3,518,694
shares of Preferred Stock into the Company's common stock, $0.01 par value
(the "Common Stock").  Each share of Preferred Stock was convertible into
6.667 shares of Common Stock.  Prior to June 16, 2005, the $3,518,694 reflected
on the Company's balance sheet as Preferred Stock had been classified outside
of stockholders' deficit because Mr. Lenfest, as the majority stockholder,
could designate all of the Company's directors and, therefore, could influence
the Company's willingness to cause redemption of the Preferred Stock.  The
conversion of the Preferred Stock to Common Stock occurred on August 2, 2005,
upon Mr. Lenfest's delivery of the Preferred Stock in the form of a lost
certificate affidavit, and, as a result of the conversion, the Company issued,
23,459,133 shares of Common Stock to Mr. Lenfest.  Mr. Lenfest's beneficial
ownership interest in the Common Stock of the Company, after the cancellation
of the Common Stock Warrants described below, was approximately 78.7 percent
at September 30, 2006.  On August 21, 2006, the Board of Directors, with Mr.
Lenfest abstaining, waived the two year holding period required to receive the
full voting power of ten votes per share for the 23,459,133 shares of common
stock Mr. Lenfest received for the conversion of his preferred stock.

The Preferred Stock had a par value of $1 per share and provided for a
cumulative 6 percent semiannual dividend.  The dividend was payable in cash or
additional shares of Preferred Stock at $1 per share, at the option of the
Company.  The Company had accrued dividends on the Preferred Stock since the
beginning of 1998, but no dividends had been paid.  On June 16, 2005, Mr.
Lenfest agreed to relinquish his right to all accrued but unpaid dividends
attributable to the Preferred Stock.  Therefore $3,061,269 of accrued
dividends was reversed and included in stockholders' equity as a decrease to
the Company's accumulated deficit.

Common Stock Warrants
---------------------
On June 16, 2005, the members of the Board of Directors of the Company and Mr.
Lenfest agreed to terminate a Warrant Agreement between Mr. Lenfest and the
Company.  Pursuant to the Warrant Agreement, Mr. Lenfest had the right to
purchase up to 29,915,160 shares of the Company's Common Stock for $.01 per
share, the fair market value of the Common Stock on the grant date.   The
Warrant Agreement was entered into on March 15, 1991, in connection with a
prior line of credit to the Company provided by Mr. Lenfest.

8.  RELATED PARTY TRANSACTIONS
    --------------------------

See Notes 6 and 7, included herein, for information of related party
transactions between TelVue and its majority stockholder.

9.  FINANCIAL DATA BUSINESS SEGMENT
    -------------------------------

Based on the criteria set forth in SFAS No. 131 "Disclosures about Segments of
an Enterprise and Related Information", the Company operates two business
segments.  One segment is a marketing and service division, which sells
automatic number identification ("ANI") telecommunications services to the
cable television industry.  The other segment is a system for displaying a
fully automated TV station-like display on a cable system access channel
using computer based digital technology ("TVTN").

Summarized financial information by reporting segment as of and for each of
the nine months ended September 30, 2006 and 2005, is as follows:

Nine months ended September 30, 2006      ANI          TVTN         Total
------------------------------------   ----------  -----------   ----------
Revenues                               $1,161,458  $  368,595    $1,530,053
Operating income (loss)                   567,875  (1,772,244)   (1,204,369)
Interest expense                              -        63,325        63,325
Income (loss)from continuing
  operations                              592,111  (1,835,569)   (1,243,458)
Capital expenditures                        2,810     443,811       446,621


Nine months ended September 30, 2005      ANI           TVTN        Total
------------------------------------   ----------   ----------   ----------
Revenues                               $1,633,962   $  156,809   $1,790,051
Operating income (loss)                   333,030   (1,109,668)    (776,638)
Income (loss) from continuing
  operations                              339,886   (1,109,668)    (769,782)
Capital expenditures                       14,904      319,794      334,698

10. COMMITMENTS AND CONTINGENCIES
    -----------------------------

The Company provided ANI service to Adelphia Communications ("Adelphia").
Adelphia filed for Chapter 11 bankruptcy on June 25, 2002.  At the time of the
filing pre-bankruptcy, outstanding accounts receivable from Adelphia of $157,210
were due to the Company.  During the fourth quarter of 2002, the Company
established a bad debt reserve of $78,605, representing 50% of the outstanding
balance due from Adelphia as of the bankruptcy filing date on June 25, 2002.
During August 2006, the Company received payments totaling $48,949 from Adelphia
which represented payment of a number of outstanding invoices at 100% of their
value.  Because these invoices had a previously established bad debt reserve of
50% of their value, the Company reduced the bad debt reserve by $24,474 at
September 30, 2006.  It is not known when the Company will receive payment for
the remaining Adelphia pre-bankruptcy billings or if the billings will be paid
in their entirety.  As of September 30, 2006, there remain unpaid bankruptcy
claims due to TelVue totaling $108,261, and an accompanying bad debt reserve
against these invoices of $54,131 (50% of the invoice value).  A 50% bad debt
reserve for the remaining invoices continues to be management's estimate of the
potentially uncollectible portion.  Billings subsequent to the bankruptcy filing
date were payable under the Company's normal terms of net 20 days.


<PAGE>

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

OVERVIEW OF COMPANY:

    TelVue operates two business segments.  One segment is a marketing and
service company which sells automatic number identification ("ANI")
telecommunications services to the cable television industry for the automated
ordering of pay-per-view features and events (the "ANI service"). The other
segment is a system for displaying a fully automated TV station-like display
on a cable system access channel using computer based digital technology (the
"TVTN service").  TelVue previously operated a business segment under the name,
Source Communications Group ("Source"), which functioned as a communications
solution provider and network integrator serving clients mainly in the Mid-
Atlantic States.  In the second quarter of 2004, TelVue made a decision to
discontinue the Source segment operations.

     The ANI service permits cable television companies to process special
ordering services without the attendant high manpower requirements or extensive
physical plant and facilities that are otherwise required.   TelVue provides
the ANI service through equipment it purchases. TelVue's equipment for
providing the ANI service nationwide is located at TelVue's home office in Mt.
Laurel, New Jersey.  The equipment provides enhanced service features, such as,
"Custom Greeting" which identifies the cable operator by name, "Title Speak"
which speaks the movie or event title, start-time and channel appearance on
accepted orders, and "Call Redirect" which automatically redirects unaccepted
order calls to the cable operator's customer service representative for
assistance.  The equipment also announces promotional messages for products and
services at the time a cable subscriber is placing an order for a pay-per-view
movie or event (the "PPV+ service").  TelVue serves cable television systems
across the United States via trunk lines and data circuits that it currently
leases from Verizon. TelVue believes it receives a favorable trunk usage rate
from Verizon.

     In 2003, TelVue developed the TVTN product and service and has applied for
two patents related to the product.  TVTN is a system for displaying a fully
automated TV station-like display on a cable system access channel using
computer based digital technology. TVTN displays the programming as graphics,
text, imbedded music, and pictures with voice narration and can run full motion
video clips.  TelVue is currently marketing TVTN to municipal governments and
school districts as a means of providing richer and more robust TV programming
for their local Cable TV Public, Education and Government Local Access Channels
("PEG Channels").  Currently, most municipalities use a simple TV display made
up of only text messages with background music. TelVue offers two different
billing programs.  Under the first billing program, TelVue directly charges the
municipalities monthly support fees along with a one-time installation and
programming fee.  Under the second billing program, TelVue offers a sponsorship
program that finds regional and local businesses as sponsors or underwriters for
TVTN clients to help defray TVTN charges.  In return, the TVTN client places an
acknowledgement of the sponsor's support on its town or school's access channel.

RESULTS OF OPERATIONS:

     The following discussion deals, at some length, with the decrease in
operating income for the three and nine months ended September 30, 2006,
compared to the three and nine months ended September 30, 2005, and the reasons
for the decrease. TelVue further discusses the significant loss of a large
portion of its subscriber base for the ANI service when comparing the nine
months ended September 30, 2006 to 2005.  This was caused by a large satellite
provider processing its ANI orders internally and thereby ceasing to use
TelVue's ANI ordering service.  In addition, cable operators are moving to
digital services which limit the number of analog pay-per-view channels
available for content and allows the cable operator's customers to order
digital pay-per-view or video on demand via the set top box.   TelVue also
discusses the marketing of its TVTN service and the growth in TVTN revenue
and expenses.

     The ANI segment had operating income of $192,287 and $567,875 for the
three and nine months ended September 30, 2006, respectively, compared to
$214,286 and $333,030 for the three and nine months ended September 30, 2005,
respectively. The increase in operating income for the nine months ended
September 30, 2006 was mainly a result of allocating more overhead and payroll
expenses, approximately 80%, to the TVTN segment as a result of the TelVue
labor force spending the majority of its time on TVTN related work.  This new
allocation was implemented on July 1, 2005; and therefore, the comparative data
for the nine months ended September 30, 2005 only reflects this change for the
period July 1, 2005 through September 30, 2005.  There was a decrease in ANI
service revenue of $115,374 and $472,504 for the three and nine months ended
September 30, 2006, respectively, when compared to the same periods of 2005.
As expected, pay-per-view buy revenue decreased $39,125 and $189,269 for the
three and nine months ended September 30, 2006, respectively, and feature and
data link revenue decreased $69,186 and $258,939 for the three and nine months
ended September 30, 2006, respectively.  These decreases were mainly due to a
reduction in the number of subscribers served during these periods when compared
to 2005 (as discussed below).  TelVue believes there is a loss of focus by cable
operators on the pay-per-view product line, primarily because of the amount of
time cable operators are spending on promoting new product lines such as digital
service and high-speed Internet access.

     As of September 30, 2006, TelVue was serving approximately 4.8 million
full-time cable subscribers compared to approximately 5.4 million full-time
cable subscribers served as of September 30, 2005.  During September 2005, Dish
Network performed the final transition of its movie traffic onto its internal
network and TelVue stopped providing pay per view ordering to the 11.2 million
Dish Network satellite subscribers.  Dish Network provided approximately
$260,000 in annual ANI service revenue.  TelVue continues to provide speech
recording services to Dish Network which generates approximately $60,000 to
$90,000 in annual revenue.  During the nine months ended September 30, 2006,
approximately 422,000 cable subscribers cancelled the ANI service and 139,000
new cable subscribers were added to the ANI service.  The cable operators
cancelled the ANI service primarily as a result of moving their subscribers
onto two-way digital service which allows the cable operator to process
ordering of pay-per-view movies and events directly from its customers without
using TelVue's ANI service.  Management believes the long-term effects of
deployment of digital two-way service will continue to negatively impact the
TelVue ANI service.  As a result of the cable and satellite subscriber
cancellations noted above, TelVue expects to continue to decrease its revenue
and operating income indefinitely for its ANI segment.

     ANI cost of revenues decreased $34,361 and $251,687 for the three and nine
months ended September 30, 2006, respectively, when compared to the same periods
of 2005.  This decrease was partially due to a reduction in trunk and data link
expenses of $33,836 and $158,483 for the three and nine months ended September
30, 2006, respectively, as a result of serving fewer subscribers.  There was
also a reduction in technical payroll and payroll taxes and benefits of $2,193
and $74,143 for the three and nine months ended September 30, 2006,
respectively, compared to the same periods of 2005, as a result of allocating
more of the technical payroll and benefits to the TVTN segment effective July 1,
2005. Selling expenses related to the ANI service increased $1,129 and decreased
$9,937 for the three and nine months ended September 30, 2006, respectively,
when compared to the same periods of 2005.  The decrease for the nine months
ended September 30, 2006, is mainly the result of moving marketing and sales
personnel to the TVTN segment.  ANI segment general and administrative expenses
decreased $50,570 and $413,156 for the three and nine months ended September 30,
2006, respectively, when compared to the same periods of 2005, as a result of
allocating a larger percentage of rent, overhead expenses, and payroll to the
TVTN segment effective July 1, 2005.

     The TVTN service had an operating loss of $647,782 and $1,772,244 for the
three and nine months ended September 30, 2006, respectively, compared to an
operating loss of 522,033 and $1,109,668 for the three and nine months ended
September 30, 2005, respectively. TVTN service revenue increased $46,277 and
$212,506 for the three and nine months ended September 30, 2006, respectively,
compared to the same periods of 2005.  To help speed TVTN penetration, shorten
the sale cycle, and assist clients in finding funding for the TVTN service,
TelVue offers a sponsorship program that finds regional and local businesses as
sponsors or underwriters for TVTN clients to help defray TVTN charges.  In
return, the TVTN client places an acknowledgement of the sponsor's support on
its town or school's access channel. Many towns have adopted this method of
funding the cost of the TVTN service. As of September 30, 2006, TVTN was
providing service to 78 towns/schools/retirement communities compared to 30
towns at September 30, 2005, and also had 61 sponsors launched and funding the
town's channel as of September 30, 2006, compared to 12 sponsors launched at
September 30, 2005.  TelVue is marketing the TVTN service nationally with an
initial focus in New Jersey, Pennsylvania and Delaware.  TelVue has sold the
service to clients in California, Florida, Massachusetts, Missouri, New York,
North Carolina and Virginia; the remainders are in the New Jersey, Pennsylvania
and Delaware areas.  Cost of revenues for the TVTN service increased $3,756 and
$119,906 for the three and nine months ended September 30, 2006, respectively,
when compared to the same periods of 2005, mainly as a result of payroll for
additional production and design personnel.  Selling expenses related to the
TVTN service increased $142,154 and $316,487 for the three and nine months ended
September 30, 2006, respectively, when compared to the same periods of 2005.
The increase was a result of additional sales personnel hired to aggressively
market and sell the TVTN service as well as increases in advertising,
commission, travel and trade show expenses.  TVTN general and administrative
expenses decreased $4,490 and increased $356,731 for the three and nine months
ended September 30, 2006, respectively.  This decrease was primarily a result of
allocating a larger portion, approximately 80%, of rent and other operational
expenses to the TVTN segment beginning July 1, 2005.  As with many start-up
ventures, management anticipates that expenses will continue to grow as the
operations and marketing efforts for the TVTN service increase.

    TelVue had a net loss of $472,043 and $1,243,458 for the three and nine
months ended September 30, 2006, respectively, compared to a net loss of
$310,682 and $775,957 for the three and nine months ended September 30,
2005, respectively.  At September 30, 2006 and 2005, TelVue recorded valuation
allowance increases of $473,000 and $336,572, respectively, to reduce its
deferred tax asset to zero. The valuation allowances were recorded due to the
uncertainty as to whether future net income would be generated that would
utilize TelVue's net operating loss carry forward.  TelVue's federal net
operating loss carry forward was approximately $4,000,000 on a tax-reporting
basis as of September 30, 2006 (see Note 5 of TelVue's accompanying financial
statements).

     During the nine months ended September 30, 2006, TelVue purchased $446,621
of equipment compared to $334,698 purchased during the nine months ended
September 30, 2005.  The majority of the equipment purchased during the nine
months ended September 30, 2006 and 2005, was for software development and
equipment related to the TVTN service.  Depreciation and amortization expense
increased $53,879 for the nine months ended September 30, 2006, as a result of
the purchases. Depreciation and amortization accounted for 8% and 7% of total
operating expenses for the nine months ended September 30, 2006 and 2005,
respectively.

     As of September 30, 2006, TelVue maintained a bad debt reserve in the
amount of $57,105.  The majority of the reserve, $54,131, represents 50% of the
outstanding balance due from Adelphia Communications, Inc. ("Adelphia") as a
result of the bankruptcy filing date on June 25, 2002 (see Note 10 to the
financial statements included herein). During August 2006, Adelphia made
payments to TelVue for two bankruptcy claims at 100% of their value totaling
$48,949.  TelVue had previously set up a bad debt reserve of 50% on these
outstanding invoices.  Since these invoices were paid at 100% of their value,
an adjustment of $24,474 was made to the bad debt reserve to recover the
previously written off debt.  In addition to this payment, Adelphia also paid
$16,203 for accrued interest, calculated at an annual rate of 8% beginning in
2003, for the two recent claims paid.  There are still unpaid bankruptcy
claims due to TelVue totaling $108,261, with a bad debt reserve of $54,131.

     TelVue's days for sales in average accounts receivable, not including the
outstanding Adelphia balances, was 46 days at September 30, 2006, compared to
54 days at September 30, 2005. TelVue does not offer incentives or discounts to
its customers, nor has it changed its credit terms with its customers.  TelVue
had negative cash flow from operating activities of $1,048,244 and $587,176 for
the nine months ended September 30, 2006 and 2005, respectively.  The decrease
in cash flow over 2005 was primarily due to a reduction in ANI service revenue
and an increase in TVTN expenses (as described above).

LIQUIDITY AND CAPITAL RESOURCES:

     Since November 2, 1989, TelVue has funded its expansion and operating
deficit from the proceeds of the sale of shares of TelVue's common stock and
Preferred Stock to Mr. H.F. Lenfest, TelVue's majority stockholder ("Mr.
Lenfest"), and from loans from Mr. Lenfest. From November 1989 to February 1996,
TelVue borrowed an aggregate of $6,128,712 from Mr. Lenfest.  These loans and
accrued interest were repaid in their entirety during 2003.  On March 5, 2001,
TelVue borrowed $650,000 from Mr. Lenfest to fund a portion of the Source
acquisition, at an interest rate of prime plus one percent (1%) compounded and
due on or before January 1, 2004. This loan was repaid in its entirety in 2001.

     In addition to the borrowings noted above, during January 1995, Mr. Lenfest
purchased, from Science Dynamics Corporation ("Science"), TelVue's non-interest
bearing note in the amount of $541,000 (the "Science Note").  The Science Note
was originally issued by TelVue to Science and was payable December 31, 1996.
The maturity date of the Science Note had been extended by TelVue and Mr.
Lenfest on a yearly basis.  On June 16, 2005, the members of the Board of
Directors of TelVue and Mr. Lenfest, extended the maturity date of the non-
interest bearing Science Note in the principal amount of $541,000 to January
1, 2011.

     On March 9, 2001, with the acquisition of the assets of Source for
$1,300,000, TelVue paid $1,000,000 in cash and $300,000 pursuant to a promissory
note (the "Source Note").  The Source Note had a term of three years. Interest
only was payable monthly during year one at the rate of 8% per annum. Beginning
in year two, both principal and interest were payable monthly at the rate of
5.06% per annum.  During the first quarter of 2004, TelVue paid the remaining
balance on the Source Note in its entirety.

     On April 27, 2005, TelVue entered into a Line of Credit Note (the "Note#1)
with Mr. Lenfest.  The Note#1 was secured to provide funding to grow the TVTN
service.  Under the terms of the Note#1, TelVue may borrow, from time to time,
up to the maximum principal amount of the Note#1 which is $3,800,000.  The
minimum advance under the Note#1 is $100,000 and the interest rate of the Note#1
is equal to the prime rate plus one percent (1%).  The Note#1 contains customary
events of default, including, among others, non-payment of principal and
interest and in the event TelVue is involved in certain insolvency proceedings.
In the event of a default, all of the obligations of TelVue under the Note#1 may
be declared immediately due and payable. The Note#1 is unsecured and will expire
six years from the date of the first advance under the Note#1, which is November
23, 2011, unless extended or renewed.  Principal and interest on the Note#1 are
also due and payable on November 23, 2011.  During the nine months ended
September 30, 2006, TelVue borrowed $1,400,000 under the terms of the Note#1,
bringing outstanding borrowings under the Note#1 to $1,600,000 and accrued
interest on the borrowings to $65,035 as of September 30, 2006.  TelVue is
borrowing approximately $200,000 per month under this Note#1 and anticipates
that the funds will be exhausted by August 2007 or sooner.

     As a result of this, TelVue entered into an additional Line of Credit Note
("Note#2") with Mr. Lenfest on November 3, 2006, in the principal amount of Ten
Million Dollars ($10,000,000).  Under this Line of Credit, TelVue may request
up to $5,000,000 for general working capital.  TelVue may request up to an
additional $5,000,000 available under this Line of Credit for purposes other
than general working capital upon mutual agreement by TelVue and Mr. Lenfest.
The minimum advance under Note#2 is $100,000 and the interest rate of Note#2 is
equal to the prime rate plus one percent (1%).  Note#2 contains customary events
of default, including, among others, non-payment of principal and interest and
in the event TelVue is involved in certain insolvency proceedings.  In the event
of a default, all of the obligations of TelVue under the Note#2 may be declared
immediately due and payable. Note#2 is unsecured and will expire six years from
the date of the first advance under the Note#2 unless extended or renewed.
Principal and interest on Note#2 are also due and payable six years from the
date of the first advance under Note#2.

     On June 16, 2005, Mr. Lenfest, the holder of all of TelVue's outstanding
Class A Redeemable Convertible Preferred Stock (the "Preferred Stock"), informed
TelVue of his intent to convert all of his 3,518,694 shares of Preferred Stock
into TelVue's common stock. Each share of Preferred Stock was convertible into
6.667 shares of common stock.  The conversion of the Preferred Stock to common
stock occurred on August 2, 2005, upon Mr. Lenfest's delivery of the Preferred
Stock in the form of a lost certificate affidavit. As a result of the
conversion, TelVue issued 23,459,133 shares of Common stock to Mr. Lenfest.
Mr.Lenfest's beneficial ownership interest in the common stock of TelVue, after
the cancellation of the Warrants to purchase common stock described below, was
approximately 78.7 percent as of December 31, 2005.  The Preferred Stock was
eliminated and is included as 23,459,133 shares of common stock in the
stockholders' equity section of the balance sheet.  On August 21, 2006, the
Board of Directors, with Mr. Lenfest abstaining, waived the two year holding
period required to receive the full voting power of ten votes per share for the
23,459,133 shares of common stock Mr. Lenfest received for the
conversion of his preferred stock.

     The Preferred Stock had a par value of $1 per share and provided for a
cumulative six percent (6%) semiannual dividend.  The dividend was payable in
cash or additional shares of Preferred Stock at $1 per share, at TelVue's
option. TelVue had accrued dividends on the Preferred Stock since the beginning
of 1998, but no dividends had been paid.  On June 16, 2005, Mr. Lenfest agreed
to relinquish his right to all accrued but unpaid dividends attributable to the
Preferred Stock.  Therefore, $3,061,269 of accrued dividends was reversed and is
included in stockholders' equity as a decrease to TelVue's accumulated deficit.

     On June 16, 2005, the members of the Board of Directors of TelVue and Mr.
Lenfest agreed to terminate a Warrant Agreement between Mr. Lenfest and TelVue.
Pursuant to the Warrant Agreement, Mr. Lenfest had the right to purchase up to
29,915,160 shares of TelVue's common stock for $.01 per share, the fair market
value of the common stock on the grant date.   The Warrant Agreement was entered
into on March 15, 1991, in connection with a prior line of credit to TelVue
provided by Mr. Lenfest.

     TelVue's ability to fully fund its operating expenses has suffered by the
loss of a large number of its subscriber base for the ANI service.  As discussed
above, TelVue anticipates a continued decrease in revenue and an increase in
net loss for the ANI service.  In order to continue to fund a majority of its
ANI operating expenses, TelVue needs to retain its current subscriber base
level. Management believes that over time, continued erosion will occur in the
subscriber base.  As discussed above, during the nine months ended September
30, 2006, TelVue had 422,000 subscribers cancel service and only 139,000 new
subscribers were added to the ANI service. The cable operators cancelled the
ANI service primarily as a result of moving their subscribers onto two-way
digital service.

     TelVue is dependent upon Mr. Lenfest for funds to pay the majority of
operating and capital expenditures for the TVTN service.  As discussed above
TelVue believes the financing from Mr. Lenfest under the Note#1 described above
will be exhausted by approximately August 2007 or sooner.  As a result of this,
TelVue secured on November 3, 2006, Note#2 from Mr. Lenfest to help TelVue grow
the TVTN service to a profitable level.  Both Note#1 and Note#2 will help to
fund the growth of the TVTN service as well as fund the ANI service in the event
it becomes cash flow negative.  While maintaining the ANI pay-per-view ordering
business, TelVue intends to continue to aggressively market and sell the TVTN
service.  However, there can be no assurance that its marketing efforts will
be successful.

ITEM 3.  CONTROLS AND PROCEDURES

(a) Evaluation of Disclosure Controls and Procedures.  TelVue's Chief Executive
Officer and its Treasurer (Controller), have evaluated the effectiveness of
TelVue's disclosure controls and procedures (as defined in the Securities
Exchange Act of 1934 Rules 13a-15(e) and 15d-15(e) of the Securities Exchange
Act of 1934, as amended) as of the end of the period covered by this report.
Based upon that evaluation, TelVue's Chief Executive Officer and its Treasurer
(Controller) have concluded that TelVue's disclosure controls and procedures
were adequate and effective to ensure that material information relating to
TelVue would be made known to them by others within TelVue, particularly during
the period in which this quarterly report on Form 10-QSB was being prepared.

(b) Changes in Internal Controls. During the quarterly period covered by this
report, there were no changes in TelVue's internal control over financial
reporting that has materially affected, or is reasonably likely to materially
affect TelVue's internal control over financial reporting.

PART II.  OTHER INFORMATION

ITEM 6.  EXHIBITS

	Exhibits

3.1	Certificate of Incorporation of TelVue (incorporated by
	reference to TelVue's Registration Statement on Form S-8, filed
	with the Securities and Exchange Commission on April 20, 1989
	(the "Registration Statement"), File No. 333-28263).

3.2	Bylaws of TelVue (incorporated by reference to TelVue's
	Registration Statement, File No. 333-288263).

3.3	Certificate of Amendment of Certificate of Incorporation of TelVue,
	dated April 11, 1990 (incorporated by reference to TelVue's Annual
	Report on Form 10-K for the year ended December 31, 1991, (the
	"1991 Form 10-K"), File No. 000-17170).

3.4	Certificate of Amendment of Certificate of Incorporation of TelVue,
	dated March 15, 1991 (incorporated by reference to the 1991
	Form 10-K, File No. 000-17170).

3.5	Form of copy of Amendment of Certificate of Incorporation of TelVue,
	filed September 25, 1995 (incorporated by reference to the
	TelVue's Form 10-QSB for the period ended September 30, 1995, (the
	September 30, 1995 Form 10-QSB, File No. 000-17170).

4.1	The TelVue Corporation 1999 Stock Option Plan (incorporated by
	reference to Exhibit 99 of TelVue's Registration Statement on
	Form S-8, dated September 23, 1999), (the "1999 Stock Option
	Plan") File No. 000-17170).

4.2	Form of ISO Option Agreement issued pursuant to the 1999 Stock
	Option Plan (incorporated by reference to TelVue's Annual
	Report on Form 10-KSB for the year ended December 31, 1999, (the
	"1999 Form 10-KSB") File No. 000-17170).

4.3	Form of NQSO Option Agreement issued pursuant to the 1999 Stock
	Option Plan (incorporated by reference to the 1999 Form 10-KSB, File No.
	000-17170).

4.4	Certificate of Designation of Class A Preferred Stock (incorporated
	by reference to the September 30, 1990 Form 10-Q, File No. 000-17170).

4.5	Warrant Termination Agreement, dated June 16, 2005, by and between
	TelVue and H.F. (Gerry) Lenfest (incorporated by reference to the
	September 30, 2005 Form 10-QSB, File No. 000-17170).

4.6	Waiver by H.F.(Gerry) Lenfest, waiving the right to receive past,
	present or future dividends with respect to the TelVue's Class A
	Redeemable Convertible Preferred Stock (incorporated by reference to
	the September 30, 2005 Form 10-QSB, File No.000-17170).

10.1	Distributorship Agreement, dated November 2, 1989, between the
	Company and Science (incorporated by reference to the 1989 Form
	10-K, File No. 000-17170).

10.2	Stock Purchase Agreement, dated November 2, 1989, between the
	Company and H.F. Lenfest (incorporated by reference to the
	Company's Report on Form 8-K, dated November 15, 1989, (the "1989
	Form 8-K"), File No. 000-17170).

10.3	Shareholders' Agreement, dated November 2, 1989, among TelVue
	and certain of its stockholders (incorporated by reference to the
	Company's 1989 Form 8-K, File No. 000-17170).

10.4	Option Agreement, dated November 2, 1989, among TelVue and
	certain of its stockholders (incorporated by reference to the 1989
	Form 8-K, File No. 000-17170).

10.5	Lease Agreement dated April 25, 1991 for office space and the First
	Amendment to Lease dated March 30, 1994 ("Office Lease Agreement"),
	between TelVue and Bloom Associates (incorporated by reference to
	the 1994 Form 10-KSB, File No. 000-17170).

10.6	Second Amendment to Office Lease Agreement Dated May 5, 1999,
	between TelVue and Bloom Associates (incorporated by reference
	to the 1999 Form 10-KSB, File No. 000-17170).

10.7	Third Amendment to Office Lease Agreement Dated April 28, 2004,
	between TelVue and Bloom Associates (incorporated by reference to
	the June 30, 2006 Form 10-QSB, File No. 000-17170).

10.8	Fourth Amendment to Office Lease Agreement Dated April 19, 2006,
	between TelVue and The Bloom Organization of South Jersey, LLC
	(incorporated by reference to the June 30, 2006 Form 10-QSB, File
	No. 000-17170).

10.9	Asset Purchase Agreement by and among TelVue and J.D. Kraengel and
	Associates, Inc. f/k/a Dacon Corporation d/b/a Source Communications
	Group and Jeffrey Kraengel, dated February 14, 2001 (incorporated by
	reference to the March 26, 2001 Form 8-K, File No. 000-17170).

10.10	Retirement Agreement dated April 29, 2004 between TelVue and Frank
	J. Carcione (incorporated by reference to the December 31,2004 Form
	10-KSB (the "2004 Form 10-KSB"), File No. 000-17170).

10.11	Summary of Director Compensation (incorporated by reference to the
	2004 Form 10-KSB, File No. 000-17170).

10.12	Summary of Executive Compensation, as amended (included herein).

10.13	Line of Credit Note, dated April 27, 2005,  between H.F. (Gerry)
	Lenfest and TelVue (incorporated by reference to the Form 8-K
	filed on May 3, 2005, File No. 000-17170).

10.14	Amended and Restated Promissory Note, in the principal amount of
	$541,000, dated June 16, 2005, between H.F. (Gerry) Lenfest and
	TelVue (incorporated by reference to the September 30, 2005 Form
	10-QSB, File No. 000-17170).

10.15	Line of Credit Note, dated November 3, 2006,  between H.F. (Gerry)
	Lenfest and TelVue (incorporated by reference to the Form 8-K
	filed on November 3, 2006, File No. 000-17170).

11.	Statement re:  Computation of Per Share Earnings (see TelVue's
	September 30, 2006 Financial Statements included herein).

23.	Consent of Pressman Ciocca Smith LLP, Independent Registered Public
	Accounting Firm (incorporated by reference to the 2005 Form 10-KSB,
	File No. 000-17170).

31.1	Certification of Chief Executive Officer pursuant to 18 U.S.C.
	Section 1350 as adopted pursuant to Section 302 of the Sarbanes-
	Oxley Act of 2002(included herein).

31.2	Certification of Controller pursuant to 18 U.S.C. Section 1350 as
	adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
	(included herein).

32.1	Certification of Chief Executive Officer pursuant to 18 U.S.C.
	Section 1350 as adopted pursuant to Section 906 of the Sarbanes-
	Oxley Act of 2002 (included herein).

32.2	Certification of Controller pursuant to 18 U.S.C. Section 1350 as
	adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
	(included herein).


SIGNATURES

       Pursuant to the requirements of Section 13 or 15(d) 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.

                                                   TELVUE CORPORATION


DATED: 11/13/06                   By:   /s/Joseph M. Murphy
                                        ----------------------------------
                                        Joseph M. Murphy
                                        President (Chief Executive Officer)


DATED: 11/13/06                  By:   /s/Irene A. DeZwaan
                                        ----------------------------------
                                        Irene A. DeZwaan
                                        Treasurer (Controller)



                                  EXHIBIT INDEX

10.12 Summary of Executive Compensation

31.1	Certification of Chief Executive Officer pursuant to 18 U.S.C.
	Section 1350 as adopted pursuant to Section 302 of the Sarbanes-Oxley
	Act of 2002.

31.2	Certification of Controller pursuant to 18 U.S.C. Section 1350 as
	adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1	Certification of Chief Executive Officer pursuant to 18 U.S.C.
	Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley
	Act of 2002.

32.2	Certification of Controller pursuant to 18 U.S.C. Section 1350 as
	adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

EXHIBIT 10.16

                   SUMMARY OF EXECUTIVE COMPENSATION

Joseph M. Murphy, President and Chief Executive Officer is employed on an
at-will basis and is paid an annual salary of $200,000 and an annual car
allowance of $5,400.  Mr. Murphy also receives, as do all other TelVue
employees, health, dental, disability and life insurance benefits as well as
a contribution of 2.5% of his annual salary to TelVue's 401K Plan.  Mr. Murphy,
like all other TelVue employees, is eligible to receive stock option grants
under the TelVue Stock Option Plan.

Randy Gilson, Vice President of Technical Services is employed on an at-will
basis and is paid an annual salary of $120,105 and an annual car allowance of
$4,800.  Mr. Gilson also receives, as do all other TelVue employees, health,
dental, disability and life insurance benefits as well as a contribution of
2.5% of his annual salary to TelVue's 401K Plan.  Mr. Gilson, like all other
TelVue employees, is eligible to receive stock option grants under the TelVue
Stock Option Plan.

Stanley Green, Senior Vice President, formerly a part-time consultant, was hired
full time on July 1, 2006.  He is employed on an at-will basis and is paid an
annual salary of $195,000.  Effective October 1, 2006, Mr. Green also receives,
as do all other TelVue employees, health, dental, disability and life insurance
benefits as well as a contribution of 2.5% of his annual salary to TelVue's 401K
Plan.  Mr. Greene, like all other TelVue employees, is eligible to receive stock
option grants under the TelVue Stock Option Plan.

EXHIBIT 31.1
CERTIFICATION

	I, Joseph M. Murphy, certify that:

	1.	I have reviewed this quarterly report on Form 10-QSB of TelVue
Corporation;

	2.	Based on my knowledge, this report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this report;

	3.	Based on my knowledge, the financial statements, and other
financial information included in this report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this report;

	4.	The registrant's other certifying officer and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have:

		(a)	Designed such disclosure controls and procedures, or caused
	such disclosure controls and procedures to be designed under our
	supervision, to ensure that material information relating to the
	registrant, including its consolidated subsidiaries, is made known to us
	by others within those entities, particularly during the period in which
	this report is being prepared;

		(b)	Evaluated the effectiveness of the registrant's disclosure
	controls and procedures and presented in this report our conclusions about
	the effectiveness of the disclosure controls and procedures, as of the end
	of the period covered by this report based on such evaluation; and

		(c)	Disclosed in this report any change in the registrant's
	internal control over financial reporting that occurred during the
	registrant's most recent fiscal quarter (the registrant's fourth fiscal
	quarter in the case of an annual report) that has materially affected, or
	is reasonably likely to materially affect, the registrant's internal
	control over financial reporting; and

	5.	The registrant's other certifying officer and I have disclosed,
based on our most recent evaluation of internal control over financial
reporting, to the registrant's auditors and the audit committee of the
registrant's board of directors (or persons performing the equivalent
functions):

		(a)	All significant deficiencies and material weaknesses in the
	design or operation of internal control over financial reporting which
	are reasonably likely to adversely affect the registrant's ability to
	record, process, summarize and report financial information; and

		(b)	Any fraud, whether or not material, that involves management
	or other employees who have a significant role in the registrant's
	internal control over financial reporting.


Dated: 11/13/06                   By:   /s/Joseph M. Murphy
                                        ----------------------------------
                                        Joseph M. Murphy
                                        President (Chief Executive Officer)

EXHIBIT 31.2
CERTIFICATIONS

	I, Irene A. DeZwaan, certify that:

	1.	I have reviewed this quarterly report on Form 10-QSB of TelVue
Corporation;

	2.	Based on my knowledge, this report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this report;

	3.	Based on my knowledge, the financial statements, and other financial
information included in this report, fairly present in all material respects
the financial condition, results of operations and cash flows of the registrant
as of, and for, the periods presented in this report;

	4.	The registrant's other certifying officer and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have:

		(a)	Designed such disclosure controls and procedures, or caused
	such disclosure controls and procedures to be designed under our
	supervision, to ensure that material information relating to the
	registrant, including its consolidated subsidiaries, is made known to us
	by others within those entities, particularly during the period in which
	this report is being prepared;

		(b)	Evaluated the effectiveness of the registrant's disclosure
	controls and procedures and presented in this report our conclusions about
	the effectiveness of the disclosure controls and procedures, as of the end
	of the period covered by this report based on such evaluation; and

		(c)	Disclosed in this report any change in the registrant's
	internal control over financial reporting that occurred during the
	registrant's most recent fiscal quarter (the registrant's fourth fiscal
	quarter in the case of an annual report) that has materially affected, or
	is reasonably likely to materially affect, the registrant's internal
	control over financial reporting; and

	5.	The registrant's other certifying officer and I have disclosed,
based on our most recent evaluation of internal control over financial
reporting, to the registrant's auditors and the audit committee of the
registrant's board of directors (or persons performing the equivalent
functions):

		(a)	All significant deficiencies and material weaknesses in the
	design or operation of internal control over financial reporting which are
	reasonably likely to adversely affect the registrant's ability to record,
	process, summarize and report financial information; and

		(b)	Any fraud, whether or not material, that involves management
	or other employees who have a significant role in the registrant's internal
	control over financial reporting.


Dated: 11/13/06                  By:   /s/Irene A. DeZwaan
                                        ----------------------------------
                                        Irene A. DeZwaan
                                        Treasurer (Controller)

EXHIBIT 32.1

TELVUE CORPORATION


CERTIFICATION PURSUANT TO
18 U.S.C. sec. 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


In connection with the Quarterly Report of TelVue Corporation (the "Company")
on Form 10-QSB for the period ended September 30, 2006 as filed with the
Securities and Exchange Commission on the date hereof (the "Report"), I, Joseph
M. Murphy, Chief Executive Officer of the Company, certify, pursuant to 18
U.S.C. sec. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act
of 2002, that:

(1) The Report fully complies with the requirements of section 13(a) or 15(d)
of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material
respects, the financial condition and result of operations of the Company.


Dated: 11/13/06                   By:   /s/Joseph M. Murphy
                                        ----------------------------------
                                        Joseph M. Murphy
                                        President (Chief Executive Officer)


EXHIBIT 32.2

TELVUE CORPORATION


CERTIFICATION PURSUANT TO
18 U.S.C. sec. 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


In connection with the Quarterly Report of TelVue Corporation (the "Company")
on Form 10-QSB for the period ended September 30, 2006 as filed with the
Securities and Exchange Commission on the date hereof (the "Report"), I, Irene
DeZwaan, Controller of the Company, certify, pursuant to 18 U.S.C. sec. 1350,
as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of section 13(a) or 15(d)
of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material
respects, the financial condition and result of operations of the Company.


Dated: 11/13/06                  By:   /s/Irene A. DeZwaan
                                        ----------------------------------
                                        Irene A. DeZwaan
                                        Treasurer (Controller)