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, 2003

                          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 preceding 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
    ------   ------

Number of shares of registrant's common stock outstanding as of October 21,
2003: 24,827,274 shares.

Transitional Small Business Disclosure Format:  Yes       No   X
                                                  ------   ------
This report includes a total of 27 pages.


                         TELVUE CORPORATION

                                       INDEX

                                                                      PAGE
                                                                       NO.
                                                                      -----

PART I.   FINANCIAL INFORMATION


          Item 1.  Financial Statements

          Balance Sheets as of September 30, 2003
          (unaudited) and as of December 31, 2002

          Statements of Operations for the three
          months ended September 30, 2003 (unaudited)
          and September 30, 2002 (unaudited)

          Statements of Operations for the nine
          months ended September 30, 2003 (unaudited)
          and September 30, 2002 (unaudited)

          Statements of Cash Flows for the nine months
          ended September 30, 2003 (unaudited)
          and September 30, 2002 (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 and Reports on Form 8-K



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

                                               September 30,   December 31,
                                                   2003            2002
                                               -------------   -----------
<S>                                              <C>             <C>

ASSETS                                         (Unaudited)              *

CURRENT ASSETS
  Cash and cash equivalents                     $ 1,032,518     $  652,059
  Accounts receivable - trade, net of allowance
   of $86,302 at September 30, 2003 and
   December 31, 2002                                921,476      1,220,997
  Inventory                                          64,569         85,905
  Deferred tax asset                                366,037        350,000
  Other current assets                               35,890         70,554
                                                -----------     ----------
     TOTAL CURRENT ASSETS                         2,420,490      2,379,515

PROPERTY AND EQUIPMENT
  Machinery and equipment                         5,544,235      5,387,628
  Less accumulated depreciation                   5,238,349      5,080,545
                                                -----------     ----------
                                                    305,886        307,083

OTHER ASSETS
  Deferred tax asset                                 75,090        467,576
  Goodwill                                          800,000        800,000
  Covenant not to compete - net of accumulated
   amortization of $6,455 and $4,593 in 2003
   and 2002, respectively                             3,545          5,417
  Other assets                                        8,800          8,800
                                                 ----------     ----------
                                                    887,435      1,281,793
                                                 ----------     ----------
                                                 $3,613,811     $3,968,391
                                                 ==========     ==========

LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES
  Notes payable - current                           $79,790       $155,990
  Accrued interest majority stockholder-current     546,049        540,000
  Accounts payable - trade                          104,328        288,396
  Accrued expenses                                  206,380        230,070
  Deferred service revenue, net of expense            5,239          5,968
  Accrued income taxes                                6,172            -
  Accrued dividends payable                       2,427,903      2,111,220
                                                -----------     ----------
     TOTAL CURRENT LIABILITIES                    3,375,861      3,331,644

NOTES PAYABLE - MAJORITY STOCKHOLDER                541,000        541,000

ACCRUED INTEREST - MAJORITY STOCKHOLDER - net
   of current portion                                  -           666,228

NOTES PAYABLE, net of current portion                  -            40,335

REDEEMABLE CONVERTIBLE PREFERRED STOCK, $1 par
  value, 6,900,000 shares authorized,
  3,518,694 shares issued and outstanding
  (liquidation value of $5,841,036)               3,518,694      3,518,694

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' DEFICIT
  Common stock, $.01 par value, 100,000,000
  shares authorized, 24,827,274 and 24,817,274
  shares issued and outstanding at September 30,
  2003 and December 31, 2002, respectively          248,273        248,173
  Additional paid-in capital                      1,587,753      1,587,353
  Accumulated deficit                            (5,657,770)    (5,965,036)
                                                 -----------    -----------
                                                 (3,821,744)    (4,129,510)
                                                 -----------    -----------
                                                 $3,613,811     $3,968,391
                                                 ===========    ===========

*  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,
                                               ----------------------------
                                                     2003            2002
                                                     ----            ----
REVENUES
  ANI services                                 $ 1,179,675     $ 1,295,040
  Hardware sales and service                       446,695         480,590
                                               -----------     -----------
TOTAL REVENUES                                   1,626,370       1,775,630

COST OF REVENUES
  ANI services                                     391,925         409,695
  Hardware sales and service                       404,597         392,232
                                              ------------     -----------
TOTAL COST OF REVENUES                             796,522         801,927
                                              ------------     -----------
GROSS MARGIN                                       829,848         973,703

OPERATING EXPENSES
  Selling and marketing                            192,859         233,240
  General and administrative                       210,415         196,346
  Depreciation & amortization                       54,958          63,076
                                               -----------     -----------
TOTAL OPERATING EXPENSES                           458,232         492,662
                                               -----------     -----------
OPERATING INCOME                                   371,616         481,041

OTHER INCOME (EXPENSE)
  Interest income                                    2,070           1,232
  Interest expense                                 (12,451)        (24,511)
                                                -----------     -----------
TOTAL OTHER INCOME (EXPENSE)                       (10,381)        (23,279)
                                                -----------     -----------

INCOME BEFORE INCOME TAXES                         361,235         457,762

INCOME TAX EXPENSE                                 144,988         190,594
                                                ------------     ----------

NET INCOME                                         216,247         267,168

DIVIDENDS ON REDEEMABLE
  CONVERTIBLE PREFERRED STOCK                     (105,561)       (105,561)
                                                -----------    ------------
NET INCOME (LOSS) AVAILABLE TO
  COMMON STOCKHOLDERS                           $  110,686     $   161,607
                                                ===========    ============

NET INCOME PER COMMON SHARE
  BASIC                                               $.00            $.01
                                                ============    ===========
  DILUTED                                             $.00            $.00
                                                ============   ===========

WEIGHTED AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING
   BASIC                                         24,827,274      24,785,824
                                                 ==========      ==========
   DILUTED                                       95,531,313      55,901,399
                                                 ==========      ==========




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


<Page>
                                 TELVUE CORPORATION
                                STATEMENTS OF OPERATIONS
                                       (UNAUDITED)


                                                   Nine Months Ended
                                                    September 30,
                                               ----------------------------
                                                     2003            2002
                                                     ----            ----
REVENUES
  ANI services                                 $ 3,612,134     $ 3,620,067
  Hardware sales and service                     1,225,099       1,665,499
                                               -----------     -----------
TOTAL REVENUES                                   4,837,233       5,285,566

COST OF REVENUES
  ANI services                                   1,192,266       1,417,866
  Hardware sales and service                     1,080,262       1,373,443
                                              ------------     -----------
TOTAL COST OF REVENUES                           2,272,528       2,791,309
                                              ------------     -----------
GROSS MARGIN                                     2,564,705       2,494,257

OPERATING EXPENSES
  Selling and marketing                            648,209         807,954
  General and administrative                       687,804         656,405
  Depreciation & amortization                      159,677         201,403
                                               -----------     -----------
TOTAL OPERATING EXPENSES                         1,495,690       1,665,762
                                               -----------     -----------
OPERATING INCOME                                 1,069,015         828,495

OTHER INCOME (EXPENSE)
  Interest income                                    4,776           4,915
  Interest expense                                 (45,390)        (79,278)
                                                -----------     -----------
TOTAL OTHER INCOME (EXPENSE)                       (40,614)        (74,363)
                                                -----------     -----------

INCOME BEFORE INCOME TAXES                       1,028,401         754,132

INCOME TAX EXPENSE                                 404,449         300,906
                                                ------------     ----------

NET INCOME                                         623,952         453,226

DIVIDENDS ON REDEEMABLE
  CONVERTIBLE PREFERRED STOCK                     (316,683)       (316,683)
                                                -----------    ------------
NET INCOME (LOSS) AVAILABLE TO
  COMMON STOCKHOLDERS                           $  307,269     $   136,543
                                                ===========    ============

NET INCOME PER COMMON SHARE
  BASIC                                               $.01            $.01
                                                ============    ===========
  DILUTED                                             $.00            $.00
                                                ============   ===========

WEIGHTED AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING
   BASIC                                         24,827,274      24,778,712
                                                 ==========      ==========
   DILUTED                                       95,531,313      55,894,287
                                                 ==========      ==========




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



                                   TELVUE CORPORATION
                                STATEMENTS OF CASH FLOWS
                                    (UNAUDITED)


                                                      Nine Months Ended
                                                        September 30,
                                                    ---------------------
                                                     2003            2002
                                                     ----            ----

CASH FLOWS FROM OPERATING ACTIVITIES
  Net Income                                    $   623,952      $ 453,226
  Adjustments to reconcile net income to
   net cash provided (used) by operating
   activities:
    Depreciation & amortization                     159,677        201,403
    Deferred taxes                                  376,449        269,906
  Changes in assets and liabilities:
   Decrease (increase) in -
    Accounts receivable - trade                     299,521       (335,877)
    Inventory                                        21,332        (18,649)
    Other current assets                             34,664         19,171
    Prepaid income taxes                                -           (5,700)
    Other assets                                        -              500
   Increase (decrease) in -
    Accrued interest - majority stockholder        (660,179)      (356,931)
    Accounts payable - trade                       (184,068)        37,642
    Accrued expenses                                (23,690)       (36,081)
    Accrued income taxes                              6,172        (53,000)
    Deferred service revenue, net of expense           (729)          (109)
                                                 -----------    -----------
    NET CASH PROVIDED (USED) BY OPERATING
     ACTIVITIES                                     653,101        175,501
                                                 -----------    -----------

CASH FLOWS FROM INVESTING ACTIVITIES
  Purchases of property and equipment              (156,607)       (73,797)
                                                 -----------    -----------
   NET CASH (USED) BY INVESTING ACTIVITIES         (156,607)       (73,797)

CASH FLOWS FROM FINANCING ACTIVITIES
   Debt reduction:
     Notes payable - other                         (116,535)       (75,370)
   Issuance of common stock                             500          1,500
                                                 -----------     ----------
   NET CASH (USED) BY FINANCING ACTIVITIES         (116,035)       (73,870)
                                                 -----------     ----------
NET INCREASE (DECREASE) IN CASH AND
  CASH EQUIVALENTS                                  380,459         27,834

CASH AND CASH EQUIVALENTS,
  BEGINNING OF PERIOD                               652,059        544,455
                                                 ----------     ----------
CASH AND CASH EQUIVALENTS, END OF PERIOD         $1,032,518     $  572,289
                                                 ==========     ==========
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, 2003, the results of operations for the
three and nine months ended September 30, 2003 and 2002 and cash flows
for the nine months ended September 30, 2003 and 2002.

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 Form 10-KSB report for the year ended December
31, 2002, as filed with the Securities and Exchange Commission.

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

2.  GOODWILL:
    ---------

Effective January 1, 2002, the Company adopted SFAS No. 142, "Goodwill and
Other Intangible Assets", under which goodwill is no longer amortized but
instead is assessed for impairment at least annually.  In the fourth
quarter of 2002, the Company performed its annual fair value assessment
and determined that an impairment charge of $370,819 was necessary to
reduce the carrying value of goodwill to its implied fair value.

The Company is required to perform goodwill impairment tests on an annual
basis and between annual tests in certain circumstances. For the nine
months ended September 30, 2003, no impairment of goodwill has been
recognized. There can be no assurance that future goodwill impairment
tests will not result in a charge to earnings.

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

Supplemental disclosures of cash paid during the period-

                                           2003           2002
                                           ----            ----
             Income taxes               $ 21,828        $ 89,700
             Interest                   $705,569        $443,320

Non-cash Investing and Financing Transactions
---------------------------------------------
The Company accrued dividends on its redeemable convertible preferred stock
of $316,683 for each of the nine month periods ended September 30, 2003
and 2002.

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

Basic earnings per common share is computed by dividing net income, after
deduction of preferred stock dividends, 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.

The following is a reconciliation from basic earnings per share to diluted
earnings per share for the nine months ended September 30, 2003 and 2002.
Incremental shares of 70,704,039 and 31,115,575 for the nine months ended
September 30, 2003 and 2002, respectively, were used in the calculation of
diluted earnings per common share.


                                     Net Income
                                       (Loss)
                                     Available       Average
                                     to Common       Shares        Earnings
                                      Stockholders   Outstanding  Per Share
                                      ------------   -----------  --------

2003                                  $  307,269     24,827,274    $ .01
Effect of dilution
  Warrants                                  -        29,915,160
  Convertible preferred stock            316,683     39,645,962
  Vested unexercised stock options          -         1,142,917
                                      -----------    ----------    -------
Diluted                                  623,952     95,531,313    $ .01
                                      ===========    ==========    =======

2002                                  $  136,543     24,778,712    $ .01
Effect of dilution
  Warrants                                  -        29,915,160
  Vested unexercised stock options          -         1,200,415
                                      -----------    ----------    -------
Diluted                                  136,543     55,894,287    $ .00
                                      ===========    ==========    =======


5.  DIVIDENDS ON REDEEMABLE CONVERTIBLE PREFERRED STOCK:
    ----------------------------------------------------

As of September 30, 2003, accrued dividends on outstanding preferred stock
amounted to $2,427,903.

6.  CORPORATE INCOME TAXES:
    -----------------------

The Company uses the asset and liability method of accounting for income
taxes in accordance with Financial Accounting Standards Board Statement
(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 expense consist of the following
components:

                                                  2003             2002
                                              -----------        ----------
Current
 Federal                                       $    -             $   -
 State                                            28,000            31,000
                                              -----------        ----------
                                                  28,000            31,000
Deferred
 Federal                                         376,449           269,906
 State                                              -                 -
                                               ----------        ----------
                                                 376,449           269,906
                                               ----------        ----------
                                               $ 404,449         $ 300,906
                                               ==========        ==========

The Company has a net operating loss carryforward of approximately $333,000
on a tax-reporting basis as of September 30, 2003.  The carryforward will
begin to expire in 2010, if not utilized.

7.  NOTES PAYABLE AND ACCRUED INTEREST:
    ----------------------------------

Note Payable and Accrued Interest - Majority Stockholder
--------------------------------------------------------
On March 26, 2003, the Company obtained from the majority stockholder an
extension to January 1, 2005, of his prior agreement not to demand
repayment of his loans to the Company or the accrued interest on such
loans.  The Company has decided to voluntarily make, and the majority
stockholder has agreed to accept, monthly payments of $50,000, when, in
the opinion of management, the Company has such cash available that is
not needed to fund operations.  The Company makes current interest payments
from the monthly payment and the balance of the payment is applied to
either accrued interest or principal. The Company may make monthly payments
in excess of $50,000 when it has excess cash that is not needed to fund
operations.  The Company made total payments of $700,000 during the nine
months ended September 30, 2003.  The Company has classified $546,049 of
accrued interest as a current liability. As of September 30, 2003, the
Company had an outstanding non-interest bearing note due to the majority
stockholder in the principal amount of $541,000 and accrued interest on
former outstanding notes in the aggregate amount of $546,049 that bears
interest at a rate of prime plus one percent (1%).

Note Payable - Dacon Corporation d/b/a Source Communications Group
------------------------------------------------------------------
On March 9, 2001, the Company acquired the assets of Source Communications
Group ("Source") for $1.3 million. The assets, which consisted primarily of
material contracts with equipment, software and communication service
providers, were purchased for $1,000,000 in cash and $300,000 pursuant to a
promissory note. The promissory note has a term of three years.  Interest
only is payable monthly during year one at the rate of 8% per annum.
Beginning in year two, both principal and interest are payable monthly at
the rate of 5.06% per annum. As of September 30, 2003 the principal amount
of the note was $77,864.

Note Payable - Ford Motor Credit Corp
-------------------------------------
In March 2001, the Company purchased a van for $21,402 to be used for
installations related to the Source business.  The Company paid cash of
$8,402 and financed the balance of $13,000.  The loan is payable monthly
in the amount of $390, including principal and interest, has a term of
three years and bears interest at 5% per annum.  As of September 30, 2003,
the principal amount due on the loan was $1,926.

8.  COMMITMENTS AND CONTINGENCIES
    -----------------------------

The Company has received notice from a cable operating company customer
asserting its right to be indemnified against claims of patent infringement
made against the cable operator by a third party.  The third party has
alleged to the cable operator that portions of the cable operator's pay-
per-view operations infringe one or more patents held by such party.  The
Company has not received any notice of alleged infringement from the third
party.  The Company has retained independent patent counsel to review the
third party patents and the alleged infringement.  The Company is unable at
this time to determine if it has liability under the indemnity provisions
of the contracts with the cable operator or the amount of such liability if
it exists.

The Company provides ANI service to Adelphia Communications ("Adelphia").
Adelphia filed for Chapter 11 bankruptcy on June 25, 2002.  Pre-bankruptcy
outstanding accounts receivable from Adelphia of $157,210 are 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.  It is not
known when the Company will receive payment for the Adelphia pre-bankruptcy
billings or if the billings will be paid in their entirety.  The 50% bad
debt reserve is management's estimate of the potentially uncollectable
portion.  Any billings subsequent to the bankruptcy filing date should be
paid under the Company's terms of net 20 days.

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 business segment functions as
a communications solution provider and network integrator.

Summarized financial information by reporting segment as of and for each of
the nine months ended September 30, 2003 and 2002, is as follows:

Nine months ended September 30, 2003      ANI         Source        Total
------------------------------------   ----------  -----------   ----------
Revenues                               $3,612,134  $1,225,099    $4,837,233
Operating income (loss)                 1,501,090    (432,075)    1,069,015
Interest expense                           45,176         214        45,390
Income (loss) before income taxes       1,459,302    (430,901)    1,028,401
Capital expenditures                      148,143       8,464       156,607


Nine months Ended September 30, 2002       ANI        Source        Total
------------------------------------   ----------   ----------   ----------
Revenues                               $3,620,067   $1,665,499   $5,285,566
Operating income                        1,209,937     (381,442)     828,495
Interest expense                           78,900          378       79,278
Income before income taxes              1,134,272     (380,140)     754,132
Capital expenditures                       25,846       47,951       73,797


<PAGE>

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

     TelVue Corporation ("TelVue") operates two business segments.  One
segment is a marketing and service company that 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").  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.  TelVue believes these enhanced service features are necessary
for it to remain competitive within the pay-per-view ANI industry.  The
equipment also speaks 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 MCI. TelVue believes it receives a favorable
trunk usage rate from MCI.

     TelVue's business segment that operates under the name, Source
Communications Group was acquired on March 9, 2001 for $1.3 million
pursuant to TelVue's acquisition of the assets of J.D. Kraengel and
Associates, Inc. f/k/a Dacon Corporation d/b/a Source Communications Group
("Source"), a Delaware corporation that was located in Mullica Hill, New
Jersey.  The Source segment functions as a communications solution provider
and network integrator serving clients mainly in the Mid-Atlantic States.
Source represents a number of well-known equipment, software and
communications service suppliers. Source molds these resources into a
custom business solution for its clients and satisfies its customers'
individual voice, video and data communications needs. The Source customer
base is broad, representing such industries as healthcare, entertainment,
financial, education, government and utilities.  The acquisition was part
of a strategy to allow TelVue to grow and diversify both its product lines
and customer base beyond the cable TV industry.

     The Source segment sells computer related equipment, network systems,
software, and data communications equipment.  In addition to the sale of
equipment, Source offers equipment installations, service contracts, and
service repair to equipment not under service contract.  The ANI Service
technical staff is being trained for various products and technologies,
and is being utilized to perform the service and installation.  Prior to
the acquisition, Source sold only hardware and subcontracted any labor
needed for installation or service.  In addition to the revenue streams
noted above, Source resells bandwidth to customers for internet access, for
which it charges a monthly access fee, and sells through agents, DSL, ISDN
and point-to-point data circuits to customers for which it receives a
one-time commission from the telephone carrier or agent.

     TelVue has developed a new product and service called the TelVue
Virtual Television Network ("TVTN") and has applied for a patent.  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 as a means of providing
richer and more robust TV programming for their local Cable TV Government
Access Channels.  Currently, most municipalities use a simple TV display
made up of only text messages with background music. TelVue is selling the
TVTN hardware-software platform to the municipalities and is also charging
ongoing monthly support fees for services provided by TelVue.  TelVue has
sold one platform in July 2003, for $12,000 along with a monthly support
agreement of $1,000 per month, effective January 1, 2004.

     The ANI segment had operating income of $480,627 and $1,501,090 for
the three and nine months ended September 30, 2003, respectively, compared
to $592,012 and $1,209,937 for the three and nine months ended September
30, 2002, respectively.  ANI Service revenue decreased $115,365 and $7,933
for the three and nine months ended September 30, 2003, respectively.
TelVue experienced a decrease in pay-per-view buy revenue of $49,813 and
$178,490 for the three and nine months ended September 30, 2003,
respectively.  Data link, program number and feature revenue decreased
$82,468 and increased $211,313 for the three and nine months ended
September 30, 2003, respectively.  The decrease in pay-per-view buy revenue
 is due to a continuing reduction in the average monthly buy rate from 4.7%
to 4.1% for the three months ended September 30, 2002 and 2003,
respectively, and from 5.1% to 4.1% for the nine months ended September 30,
2002 and 2003, respectively.  TelVue believes that the decrease in the buy
rates is attributable to a somewhat weak movie product, a lack of major
special events such as boxing, an erosion in wrestling popularity, and the
movement of cable operators to impulse ordering on digital cable systems
(see below). In addition, TelVue believes there exists 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.  Feature revenue
increased during the nine months ended September 30, 2003 due to a feature
price increase that TelVue implemented for the majority of its customers on
May 1, 2002.  However, there was a decrease during the three months ended
September 30, 2003, because the comparative quarter in 2002 also reflects
the feature price and the buy rates are lower in the third quarter 2003.
The ANI service cost of revenues decreased $17,770 and $225,600 for the
three and nine months ended September 30, 2003, respectively.  This is
partially due to a decrease in trunk expense of $18,844 and $134,260 for
the three and nine months ended September 30, 2003, respectively, as a
result of reduced trunk expense rates under TelVue's new MCI contract that
went into effect on June 1, 2002.  In addition, data link expense decreased
$37,554 for the nine months ended September 30, 2003, as a result of
customers consolidating their data links and also as a result of a
reduction in data link fees under the new MCI contract.  An allocation of
ANI service technical personnel labor to the Source segment also
contributed to the reduction in ANI cost of revenue for the nine months
ended September 30, 2003.

     The Source segment had operating losses of $109,011 and $432,075 for
the three and nine months ended September 30, 2003, respectively, compared
to $110,971 and $381,442 for the three and nine months ended September 30,
2002, respectively. Hardware sales and service revenue decreased $33,895
and $440,400 for the three and nine months ended September 30, 2003,
respectively.  There was a corresponding decrease in hardware sales and
service cost of revenues of $293,181 for the nine months ended September
30, 2003, and an increase in cost of revenues of $12,365 for the three
months ended September 30, 2003.  The gross profit margins were 9% and
12% for the three and nine months ended September 30, 2003, respectively,
compared to 18% for both the three and nine months ended September 30,
2002. The total sales and service revenue at September 30, 2003 is
comprised of 85% hardware sales, 12% service installation and repair
revenue, 2% internet access revenue, and 1% service contract revenue.  The
corresponding direct expenses have relatively the same percent
distributions. Generally, Source executes two types of hardware sales; one
is a commodity sale, which is basic, off the shelf pc-type purchases with
a lower markup, and the second is a networking-type sale which involves
planning and configuration of the system to be implemented, which results
in a greater markup.  The gross profit at September 30, 2003 and 2002,
represents a blend of the two types of sales with the majority of sales
being commodity.  TelVue believes the Source operating loss and decrease
in sales for the three and nine months ended September 30, 2003, can be
attributed to the continued information technology ("IT") recession,
expressed by the decrease in capital purchasing of IT equipment by
businesses, which also lowered the average margin on hardware sales for the
Source segment.  As of September 30, 2003, Source had three full-time sales
representatives and one independent sales representative actively selling
its products.

    Selling and marketing expenses decreased $40,381 and $159,745 for the
three and nine months ended September 30, 2003, respectively.  These
decreases are partially a result of decreases for the three and nine months
ended September 30, 2003, in ANI segment commission expense of $8,732 and
$53,070 as a result of fewer new cable subscribers being added to the ANI
service and a decrease in Source segment payroll and payroll tax expense
of $48,328 and $58,967 as a result of fewer sales personnel along with
decrease in various other expense categories. General and administrative
expenses increased $14,069 and $31,399 for the three and nine months ended
September 30, 2003, respectively, partially as a result of an increases for
the three and nine months ended September 30, 2003, in accounting expense
of $6,888 and $19,616 partially related to auditing Source and an increase
in insurance expense of $9,919 for the nine months ended September 30,
2003, as a result of policy rates increasing.

     TelVue had income before taxes of $361,235 and $1,028,401 for the
three and nine months ended September 30, 2003, respectively, compared to
$457,762 and $754,132 for the three and nine months ended September 30,
2002, respectively.  TelVue recorded income tax expense of $404,449 for
the nine months ended September 30, 2003.   Included in the income tax
expense for the nine months ended September 30, 2003 were deferred income
taxes of $376,449.  TelVue's federal net operating loss carry forward was
approximately $333,000 on a tax-reporting basis as of September 30, 2003.

     During the nine months ended September 30, 2003, TelVue purchased
$156,607 of equipment compared to $73,797 purchased during the nine months
ended September 30, 2002.  The majority of the equipment purchased during
the nine months ended September 30, 2003, was for an outdialing message
service that TelVue began to promote to its cable customers in July 2003.
This service is used in promoting major special events and premium channel
upgrades.  Depreciation and amortization expense decreased $41,726 for the
nine months ended September 30, 2003, as a result of assets being fully
depreciated. Depreciation and amortization accounted for 11% of total
operating expenses for the nine months ended September 30, 2003, compared
to 12% for the 2002 period.

     As of September 30, 2003, TelVue was serving approximately 21.2
million full-time cable subscribers and 1.2 million part-time cable
subscribers, compared to approximately 21.5 million full-time and 1.3
million part-time cable subscribers served as of September 30, 2002.  The
part-time subscribers did not significantly contribute to the revenue or
service expenses for the three months ended September 30, 2003 and 2002.
During the nine months ended September 30, 2003, TelVue added approximately
1,214,000 subscribers to its ANI Service and had approximately 2,273,000
subscribers cancel the ANI service.  Of the customer additions for the nine
months ended September 30, 2003, 1,000,000 of the subscribers were from the
Dish Network.  The cable operators cancelled the ANI service primarily as a
result of moving their subscribers onto two-way digital service (see below).
Also, Dish Network has informed TelVue that it will begin ANI order
processing internally.  The Dish Network intends to transition its
subscribers onto its internal network over the period October 2003 through
January 2004.  Dish Network intends to continue to use TelVue for its
monthly speech recording. Currently, Dish Network contributes approximately
3% to the total TelVue revenue.  When Dish Network has completed its
transition period, the total number of subscribers TelVue serves will be
depleted by approximately 9.0 million, and the annual service revenue will
be reduced by a net amount in the range of approximately $135,000 to
$165,000.

      There was a decrease in total liabilities of $662,346 for the nine
months  ended September 30, 2003.  This is a net result of increases and
decreases in various liability accounts with the largest being a decrease
in accrued interest majority stockholder of $660,179 as a result of accrued
interest payments.  Total assets decreased $354,580 for the nine months
ended September 30, 2003, which is partially a result of a decrease in
deferred tax asset of $376,449.  TelVue's days for sales in average
accounts receivable was 60 days at September 30, 2003, compared to 61 days
at September 30, 2002.  TelVue does not offer incentives or discounts to
its customers, nor has it changed its credit terms with its customers.
During the fourth quarter of 2002, TelVue established a bad debt reserve
of $86,302.  The majority of the reserve, $78,605, represents 50% of the
outstanding balance due from Adelphia as of the bankruptcy filing date on
June 25, 2002 (see Note 8 to TelVue's financial statements).  It is not
known when TelVue will receive payment for the Adelphia pre-bankruptcy
billings or if the billings will be paid in their entirety.  The 50% bad
debt reserve is management's estimate of the potentially uncollectable
portion.

     TelVue had positive cash flow from operating activities of $653,101
for the nine months ended September 30, 2003 compared to positive cash
flow of $175,501 for the nine months ended September 30, 2002.  Ignoring
changes in operating assets and liabilities that result from timing issues,
and considering only adjustments to reconcile net income to net cash
provided by operating activities, TelVue would have positive cash flow from
operating activities of $1,160,078 for the nine months ended September 30,
2003, compared to positive cash flow from operating activities of $924,535
for the nine months ended September 30, 2002.

     Since November 2, 1989, TelVue has funded its expansion and operating
deficit from the proceeds from 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.
In addition to these borrowings, during January 1995, Mr. Lenfest purchased
from Science Dynamics Corporation TelVue's non-interest bearing note in the
amount of $541,000. 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
(see below).  This loan was repaid in its entirety in 2001. During the nine
months ended September 30, 2003, TelVue made total payments to Mr. Lenfest
of $700,000.  The aggregate outstanding loan balance due to Mr. Lenfest as
of September 30, 2003, is $541,000 in loan principal for the non-interest
bearing Science Dynamics Corporation note and $546,049 in accrued interest
which bears interest at the floating prime interest rate plus 1%.

     TelVue remains dependent upon the deferral of a lump sum repayment of
principal and interest due to Mr. Lenfest to fund operations and capital
expenditures from operating cash flow. On March 26, 2003, TelVue obtained
from Mr. Lenfest a written agreement stating he will not demand repayment
of his loans or the cash payment of accrued interest on the loans through
January 1, 2005.  On January 1, 1999, TelVue began to pay current monthly
interest payments to Mr. Lenfest from its monthly loan payment and applied
the balance from the monthly payment to either principal or accrued
interest.  TelVue has decided to voluntarily make, and Mr. Lenfest has
agreed to accept, monthly payments of $50,000.  TelVue may make monthly
payments in excess of $50,000 when, in the opinion of management, TelVue
has excess cash that is not needed to fund operations. The monthly payment
amount may vary depending on the availability of cash.  TelVue intends to
continue to invest cash in the Source segment during the remainder of 2003
in an effort to grow the business.

     On March 9, 2001, TelVue acquired substantially all of the assets of
J.D. Kraengel and Associates, Inc. f/k/a Dacon Corporation d/b/a Source
Communications Group ("Source") for $1.3 million. The assets, which
consisted primarily of material contracts with equipment, software and
communication service providers, were purchased for $1,000,000 in cash and
$300,000 pursuant to a promissory note (the "Source Note") (see Note 7 of
TelVue's financial statements). The Source Note has a term of three years.
Interest only is payable monthly during year one at the rate of 8% per
annum. Beginning in year two, both principal and interest are payable
monthly at the rate of 5.06% per annum.  During the nine months ended
September 30, 2003, TelVue made total payments of $118,521 on the Source
Note.  The aggregate outstanding loan balance due on the Source Note at
September 30, 2003, is $77,864.  The acquisition of Source is part of
TelVue's long-term business strategy to expand and diversify its operations.
TelVue is cross-training its technical personnel to work within the Source
business and has also hired sales representatives to promote the Source
products.

     TelVue's ability to fund its operating expenses primarily depends on
three factors:  (i) retaining its current subscriber base level, (ii) the
generation of net income of the Source segment, and (iii) the continued
deferral by Mr. Lenfest of a lump sum cash repayment of his loan and
accrued interest to TelVue.  Management believes that its present
marketing strategies will maintain the ANI segment customer base, although
there can be no assurances that TelVue will be able to attract any further
customers or that it will retain its current customers.  During the nine
months ended September 30, 2003, TelVue added 1,214,000 subscribers to its
service and had 2,273,000 subscribers cancel service.  The cable operators
cancelled the ANI service primarily as a result of moving their subscribers
onto two-way digital service (see below).  Also, Dish Network has informed
TelVue that it intends to begin ANI order processing internally, by
transitioning its subscribers onto its internal network over the period
October 2003 through January 2004 (see above).  In addition, revenues are
affected by the buy rates of subscribers connected to the Service.  TelVue
has no control over the buy rates and therefore cannot assure that buy
rates will increase or will remain at their current level.  As noted above,
TelVue experienced a decrease in the average monthly buy rate from 5.1% to
4.1% for the nine months ended September 30, 2002 and 2003, respectively.

	The movement of cable operators to impulse ordering on digital cable
systems is part of the reason for the buy rate decrease noted above.  Cable
operators are deploying digital services to their customers.  These digital
services allow cable operators to offer additional channels and to offer
additional pay-per-view channels.  Where cable operators have activated
two-way cable plant (i.e. the operator is able to send a signal to and
receive a signal from its customer), the digital service can also allow
the cable operator to process ordering of pay-per-view movies and events
directly from its customers, without using TelVue's service.  Management
believes the long-term effect of deployment of digital two-way service will
negatively impact TelVue.  Some cable operators with digital service, but
only one-way cable plant, have chosen to use TelVue's single number
ordering technology for pay-per-view ordering.  Currently, there are 440
cable operators using ANI ordering technology for their digital pay-per-
view offerings.  TelVue intends to monitor developments in the rollout of
digital services by its cable operator customers and to attempt to
position TelVue to continue to be the cable operator's provider of choice
for processing pay-per-view orders.  However, there can be no assurances
that TelVue will be successful in this effort.

    TelVue is actively trying to grow the Source segment business by
offering new product lines and services.  Prior to TelVue acquiring Source
on March 9, 2001, Source subcontracted all labor for installation and
repair service of the products it sold.  TelVue has trained and is
utilizing its existing ANI technical staff to perform these installation
and service repairs.  Generally, the installation sales provide higher
gross profit margins than the hardware sales, and, therefore, the Source
segment is focusing on growing this line of business.  However, during the
nine months ended September 30, 2003, Source experienced a decline in
installation revenue as a result of the IT recession.  Source also offers
service contracts on the equipment it sells.  Source has expanded its
business lines by reselling bandwidth to customers for internet access, for
which it charges a monthly access fee, and selling through agents, DSL,
ISDN and point to point data circuits to customers for which it receives a
one-time commission from the telephone carrier or agent.  Source has been
marketing its products and services and trying to create customer awareness
through direct-mail advertising, e-mail, cold calling and by exhibiting its
service and installation products along with various suppliers' products at
regional technical, education and business exhibitions in the Southeast
Pennsylvania and New Jersey regions as well as using billboard advertising
in high-traffic areas.  Source has experienced a decrease in sales from
$1,665,499 for the nine months ended September 30, 2002 to $1,225,099 for
the nine months ended September 30, 2003.  There can be no assurance that
sales will not further decline or that sales will grow to the point of
making the Source segment profitable.  The current recession related to
the IT product economy, whereby businesses have decreased their capital
purchasing of IT equipment, has affected Source by reducing its sales
volume and also lowering its profit margins on hardware sales.  It is
unknown how long the IT recession will continue or what its continued
effect on the Source business will be.  If the Source segment sales
continue to decline and the net losses continue to increase, TelVue may
have to restructure, downsize or discontinue the Source segment operations.

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 the company, 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 and Reports on Form 8-K.

(a)    Exhibits

3.1    Certificate of Incorporation of TelVue (incorporated by
       reference to TelVue's Registration Statement on Form S-8, dated
       March 30, 1989 (the "Registration Statement")).

3.2    Bylaws of TelVue (incorporated by reference to TelVue's
       Registration Statement).

3.3    Certificate of Amendment of Certificate of Incorporation of the
       Company, dated April 11, 1990 (incorporated by reference to the
       Company's Annual Report on Form 10-K for the year ended December 31,
       1991, (the "1991 Form 10-K")).

3.4    Certificate of Amendment of Certificate of Incorporation of the
       Company, dated March 15, 1991 (incorporated by reference to the 1991
       Form 10-K).

3.5    Form of copy of Amendment of Certificate of Incorporation of the
       Company, filed September 25, 1995 (incorporated by reference to the
       Company's Form 10-QSB for the period ended September 30, 1995, (the
       September 30, 1995 Form 10-QSB)).

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")).

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"))

4.3    Warrant Agreement, dated March 15, 1991, between TelVue and
       H.F. Lenfest (incorporated by reference to TelVue's Annual
       Report on Form 10-K for the year ended December 31, 1990, (the
       "1990 Form 10-K")).

4.4    Certificate of Designation of Class A Preferred Stock (incorporated
       by reference to the September 30, 1990 Form 10-Q).

4.5    Form of NQSO Option Agreement issued pursuant to the 1999 Stock
       Option Plan (incorporated by reference to the 1999 Form 10-KSB).

10.1   Distributorship Agreement, dated November 2, 1989, between the
       Company and Science (incorporated by reference to the 1989 Form
       10-K).

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")).

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).

10.4   Option Agreement, dated November 2, 1989, among TelVue and
       certain of its stockholders (incorporated by reference to the 1989
       Form 8-K).

10.5   Form of Credit Agreement between TelVue and H.F. Lenfest
       (incorporated by reference to the 1990 Form 10-K).

10.6   Form of Line of Credit Agreement between TelVue and H.F.
       Lenfest (incorporated by reference to the 1990 Form 10-K).

10.7   Subordinated Promissory Note, dated November 15, 1994 the principal
       amount of $541,000 payable to Science Dynamics Corporation
       (incorporated by reference to the 1994 Form 10-KSB).

10.8   Letter Agreement dated November 8, 1990 between Science Dynamics
       Corporation and H.F. Lenfest (incorporated by reference to the
       Company's Report on Form 8-K for November 16, 1990).

10.9   Loan Agreement dated December 24, 1991, between TelVue and H.F.
       Lenfest (incorporated by reference to the 1991 Form 10-K).

10.10  Lease Agreement 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).

10.11  Letter dated March 26, 2003, from H.F. Lenfest, waiving the
       repayment of loans and accrued interest until January 1, 2005
       (incorporated by reference to the December 31, 2002 Form 10-KSB
       (the"2002 Form 10-KSB")).

10.12  Second Amendment to Office Lease Agreement Dated May 5, 1999,
       between TelVue and Bloom Associates(incorporated by reference to the
       1999 Form 10-KSB).

10.13  Asset Purchase Agreement by and among TelVue Corporation, 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).

11.    Statement re:  Computation of Per Share Earnings (see TelVue's
       September 30, 2003 Financial Statements included herein).

23.    Consent of Pressman Ciocca Smith LLP, Certified Public Accountants
       (incorporated by reference to the 2002 Form 10-KSB).

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).

(b)    Reports on Form 8-K

		None


                             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.


                                            TELVUE CORPORATION



Dated:   11/10/03                   By:  /s/Frank J. Carcione
                                        -----------------------------------
                                        Frank J. Carcione
                                        President(Chief Executive Officer)



Dated:   11/10/03                    By: /s/Irene A. DeZwaan
                                        ---------------------------------
                                        Irene A. DeZwaan
                                        Treasurer (Controller)

<PAGE>

                                  EXHIBIT INDEX
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).

EXHIBIT 31.1
CERTIFICATION

	I, Frank J. Carcione, 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.

Date: November 10, 2003

                                          /s/Frank J. Carcione
                                          --------------------
                                          Frank J. Carcione
                                          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.

Date: November 10, 2003

                                          /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 ending September 30, 2003 as
filed with the Securities and Exchange Commission on the date hereof
(the "Report"), I, Frank Carcione, 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.



Date:	November 10, 2003             /s/Frank J. Carcione
                                    --------------------
                                    Frank J. Carcione
                                    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 ending September 30, 2003 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.



Date:	November 10, 2003             /s/Irene A. DeZwaan
                                    -------------------
                                    Irene A. DeZwaan
                                    Treasurer (Controller)