<PAGE>
 
                                   FORM 10-Q

                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549


(Mark one)
[x] Quarterly report pursuant to section 13 or 15(d) of the Securities
    Exchange Act of 1934
For the quarterly period ended March 31, 1997
                               --------------
                                       or
[ ] Transition report pursuant to section 13 or 15(d) of the Securities
    Exchange Act of 1934
For the transition period from _______________ to ______________
                          

                         Commission File Number 0-16200

 
                           CABLE TV FUND 14-B, LTD.
--------------------------------------------------------------------------------
               Exact name of registrant as specified in charter

Colorado                                                             #84-1024658
--------------------------------------------------------------------------------
State of organization                                      I.R.S. employer I.D.#

   9697 East Mineral Avenue, P.O. Box 3309, Englewood, Colorado  80155-3309
   ------------------------------------------------------------------------
                     Address of principal executive office

                           (303) 792-3111           
                     ------------------------------------
                         Registrant's telephone number


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

Yes    X                                                              No 
    -------                                                              -------
<PAGE>
 
                            CABLE TV FUND 14-B, LTD.
                            ------------------------
                            (A Limited Partnership)

                     UNAUDITED CONSOLIDATED BALANCE SHEETS
                     -------------------------------------
<TABLE>
<CAPTION>
 
 
                                                                              March 31,    December 31,
                           ASSETS                                               1997           1996
                           ------                                          -------------  -------------
<S>                                                                        <C>            <C>
 
CASH                                                                       $  1,251,084   $    840,309
 
TRADE RECEIVABLES, less allowance for doubtful receivables of
    $121,092 and $140,879 at March 31, 1997 and December 31, 1996,
    respectively                                                              1,033,096      2,077,493
 
INVESTMENT IN CABLE TELEVISION PROPERTIES:
    Property, plant and equipment, at cost                                   99,538,670     98,093,791
    Less- accumulated depreciation                                          (50,307,640)   (48,820,169)
                                                                           ------------   ------------
 
                                                                             49,231,030     49,273,622
 
    Franchise costs and other intangible assets, net of accumulated
      amortization of $79,538,333 and $77,746,909 at March 31, 1997
      and December 31, 1996, respectively                                    51,501,965     53,293,389
                                                                           ------------   ------------
 
                        Total investment in cable television properties     100,732,995    102,567,011
 
DEPOSITS, PREPAID EXPENSES AND DEFERRED CHARGES                                 601,145        430,596
                                                                           ------------   ------------
 
                        Total assets                                       $103,618,320   $105,915,409
                                                                           ============   ============
 
</TABLE>
     The accompanying notes to unaudited consolidated financial statements
      are an integral part of these unaudited consolidated balance sheets.

                                       2
<PAGE>
 
                            CABLE TV FUND 14-B, LTD.
                            ------------------------
                            (A Limited Partnership)

                     UNAUDITED CONSOLIDATED BALANCE SHEETS
                     -------------------------------------
<TABLE>
<CAPTION>
 
 
                                                            March 31,     December 31,
      LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)             1997           1996
      -------------------------------------------        -------------  -------------
<S>                                                       <C>            <C>
 
LIABILITIES:
 Debt                                                     $ 56,425,919   $ 56,656,424
 General Partner advances                                       99,672        449,094
 Deferred brokerage fee                                        920,000        920,000
 Trade accounts payable and accrued liabilities              1,555,541      2,151,254
 Subscriber prepayments                                        567,828        562,446
                                                          ------------   ------------
 
     Total liabilities                                      59,568,960     60,739,218
                                                          ------------   ------------
 
MINORITY INTEREST IN CABLE TELEVISION
 JOINT VENTURE                                               3,802,688      3,963,820
                                                          ------------   ------------
 
PARTNERS' CAPITAL (DEFICIT):
 General Partner-
  Contributed capital                                            1,000          1,000
  Accumulated deficit                                         (724,629)      (714,972)
                                                          ------------   ------------
 
                                                              (723,629)      (713,972)
                                                          ------------   ------------
 
 Limited Partners-
  Net contributed capital (261,353 units
   outstanding at March 31, 1997 and
   December 31, 1996)                                      112,127,301    112,127,301
  Accumulated deficit                                      (71,157,000)   (70,200,958)
                                                          ------------   ------------
 
                                                            40,970,301     41,926,343
                                                          ------------   ------------
 
     Total liabilities and partners' capital (deficit)    $103,618,320   $105,915,409
                                                          ============   ============
 
</TABLE>
     The accompanying notes to unaudited consolidated financial statements
      are an integral part of these unaudited consolidated balance sheets.

                                       3
<PAGE>
 
                            CABLE TV FUND 14-B, LTD.
                            ------------------------
                            (A Limited Partnership)

                UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
                -----------------------------------------------
<TABLE>
<CAPTION>
 
 
                                                              For the Three Months Ended
                                                                       March 31,
                                                              ---------------------------
                                                                   1997           1996
                                                              -------------   -----------
<S>                                                             <C>           <C> 
REVENUES                                                        $10,065,778   $ 9,168,839
 
COSTS AND EXPENSES:
 Operating expenses                                               5,707,802     5,202,001
 Management fees and allocated overhead from General Partner      1,191,176     1,078,973
 Depreciation and amortization                                    3,391,164     3,308,636
                                                                -----------   -----------
 
OPERATING LOSS                                                     (224,364)     (420,771)
                                                                -----------   -----------
 
OTHER INCOME (EXPENSE):
 Interest expense                                                  (953,184)   (1,075,042)
 Other, net                                                          50,717        33,994
                                                                -----------   -----------
 
  Total other income (expense), net                                (902,467)   (1,041,048)
                                                                -----------   -----------
 
CONSOLIDATED LOSS BEFORE MINORITY INTEREST                       (1,126,831)   (1,461,819)
 
MINORITY INTEREST IN CONSOLIDATED LOSS                              161,132       221,977
                                                                -----------   -----------
 
NET LOSS                                                        $  (965,699)  $(1,239,842)
                                                                ===========   ===========
 
ALLOCATION OF NET LOSS:
 General Partner                                                $    (9,657)  $   (12,398)
                                                                ===========   ===========
 
 Limited Partners                                               $  (956,042)  $(1,227,444)
                                                                ===========   ===========
 
NET LOSS PER LIMITED PARTNERSHIP UNIT                                $(3.66)       $(4.70)
                                                                ===========   ===========
 
WEIGHTED AVERAGE NUMBER OF LIMITED
 PARTNERSHIP UNITS OUTSTANDING                                      261,353       261,353
                                                                ===========   ===========
 
</TABLE>
     The accompanying notes to unaudited consolidated financial statements
        are an integral part of these unaudited consolidated statements.

                                       4
<PAGE>
 
                            CABLE TV FUND 14-B, LTD.
                            ------------------------
                            (A Limited Partnership)

                UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
                -----------------------------------------------
<TABLE>
<CAPTION>
 
 
                                                             For the Three Months Ended
                                                                     March 31,
                                                             --------------------------
 
                                                                  1997          1996
                                                             ------------   -----------
<S>                                                          <C>            <C> 
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net loss                                                    $  (965,699)  $(1,239,842)
  Adjustments to reconcile net loss to net
    cash provided by operating activities:
      Depreciation and amortization                             3,391,164     3,308,636
      Amortization of interest rate protection contract             3,789             -
      Minority interest in consolidated loss                     (161,132)     (221,977)
      Decrease in trade receivables                             1,044,397       379,338
      Increase in deposits, prepaid expenses and
        deferred charges                                         (286,607)     (243,608)
      Increase (decrease) in General Partner advances            (349,422)    1,162,785
      Decrease in trade accounts payable and accrued
        liabilities and subscriber prepayments                   (590,331)     (190,790)
                                                              -----------   -----------
 
                 Net cash provided by operating activities      2,086,159     2,954,542
                                                              -----------   -----------
 
CASH FLOWS FROM INVESTING ACTIVITIES:
  Purchase of property and equipment, net                      (1,444,879)   (1,468,044)
                                                              -----------   -----------
 
                 Net cash used in investing activities         (1,444,879)   (1,468,044)
                                                              -----------   -----------
 
CASH FLOWS FROM FINANCING ACTIVITIES:
  Proceeds from borrowings                                        400,000             -
  Repayment of debt                                              (630,505)   (1,502,477)
                                                              -----------   -----------
 
                 Net cash used in financing activities           (230,505)   (1,502,477)
                                                              -----------   -----------
 
Increase (decrease) in cash                                       410,775       (15,979)
 
Cash, beginning of period                                         840,309       474,904
                                                              -----------   -----------
 
Cash, end of period                                           $ 1,251,084   $   458,925
                                                              ===========   ===========
 
SUPPLEMENTAL CASH FLOW DISCLOSURE:
  Interest paid                                               $ 1,237,731   $ 1,216,903
                                                              ===========   ===========
 
</TABLE>
     The accompanying notes to unaudited consolidated financial statements
        are an integral part of these unaudited consolidated statements.

                                       5
<PAGE>
 
                            CABLE TV FUND 14-B, LTD.
                            ------------------------
                            (A Limited Partnership)

              NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
              ----------------------------------------------------

(1)  This Form 10-Q is being filed in conformity with the SEC requirements for
unaudited financial statements and does not contain all of the necessary
footnote disclosures required for a fair presentation of the Balance Sheets and
Statements of Operations and Cash Flows in conformity with generally accepted
accounting principles. However, in the opinion of management, this data includes
all adjustments, consisting only of normal recurring accruals, necessary to
present fairly the financial position of Cable TV Fund 14-B, Ltd. (the
"Partnership") at March 31, 1997 and December 31, 1996 and its Statements of
Operations and Cash Flows for the three month periods ended March 31, 1997 and
1996. Results of operations for these periods are not necessarily indicative of
results to be expected for the full year.

     The Partnership is a Colorado limited partnership that was formed pursuant
to the public offering of limited partnership interests in the Cable TV Fund 14
Limited Partnership Program (the "Program"), which was sponsored by Jones
Intercable, Inc. (the "General Partner"), to acquire, own and operate cable
television systems in the United States. Cable TV Fund 14-A, Ltd. ("Fund 14-A")
is the other partnership that was formed pursuant to the Program. The
Partnership and Fund 14-A formed a general partnership known as Cable TV Fund 
14-A/B Venture (the "Venture"), in which the Partnership owns a 73 percent
interest and Fund 14-A owns a 27 percent interest. The Partnership directly owns
the cable television systems serving Surfside, South Carolina (the "Surfside
System") and Little Rock, California (the "Little Rock System"). The Venture
owns the cable television system serving certain areas in Broward County,
Florida (the "Broward System"). Because of the Partnership's majority ownership
interest in the Venture, the accompanying financial statements present the
Partnership's and the Venture's financial condition and results of operations on
a consolidated basis, with the ownership interest of Fund 14-A in the Venture
shown as a minority interest. All interpartnership accounts and transactions
have been eliminated.

(2)  The General Partner manages the Partnership and the Venture and receives a
fee for its services equal to 5 percent of the gross revenues of the Partnership
and the Venture, excluding revenues from the sale of cable television systems or
franchises. Management fees paid to the General Partner by the Partnership and
the Venture for the three month periods ended March 31, 1997 and 1996 were
$503,289 and $458,442, respectively.

     The Partnership and the Venture reimburse the General Partner for certain
allocated overhead and administrative expenses.  These expenses represent the
salaries and related benefits paid for corporate personnel, rent, data
processing services and other corporate facilities costs.  Such personnel
provide engineering, marketing, accounting, administrative, legal and investor
relations services to the Partnership and to the Venture.  Such services, and
their related costs, are necessary to the operation of the Partnership and the
Venture and would have been incurred by the Partnership and the Venture if they
were stand alone entities.  Allocations of personnel costs are based primarily
on actual time spent by employees of the General Partner with respect to each
partnership managed.  Remaining expenses are allocated based on the pro rata
relationship of the Partnership's and the Venture's revenues to the total
revenues of all systems owned or managed by the General Partner and certain of
its subsidiaries.  Systems owned by the General Partner and all other systems
owned by partnerships for which Jones Intercable, Inc. is the general partner
are also allocated a proportionate share of these expenses.  The General Partner
believes that the methodology used in allocating overhead and administrative
expenses is reasonable.  Reimbursements made to the General Partner for
allocated overhead and administrative expenses for the three month periods ended
March 31, 1997 and 1996 were $687,887 and $620,531, respectively.

                                       6
<PAGE>
 
(3)  Financial information regarding the Venture is presented below.

                            UNAUDITED BALANCE SHEETS
                            ------------------------
<TABLE>
<CAPTION>
 
                                                              March 31, 1997     December 31, 1996
                                                              --------------     -----------------
<S>                                                           <C>                <C>             
              ASSETS                                                                             
              ------                                                                             
                                                                                                 
Cash and accounts receivable                                    $  1,766,885       $  1,368,882  
                                                                                                 
Investment in cable television properties                         55,406,992         56,526,226  
                                                                                                 
Other assets                                                         569,753            381,950  
                                                                ------------       ------------  
                                                                                                 
       Total assets                                             $ 57,743,630       $ 58,277,058  
                                                                ============       ============  
                                                                                                 
    LIABILITIES AND PARTNERS' CAPITAL                                                            
    ---------------------------------                                                            
                                                                                                 
Debt                                                            $ 41,644,430       $ 41,262,561  
                                                                                                 
Payables and accrued liabilities                                   1,711,941          2,032,654  
                                                                                                 
Partners' contributed capital                                     70,000,000         70,000,000  
                                                                                                 
Accumulated deficit                                              (55,612,741)       (55,018,157) 
                                                                ------------       ------------  
                                                                                                 
       Total liabilities and partners' capital                  $ 57,743,630       $ 58,277,058  
                                                                ============       ============   

<CAPTION>  

                       UNAUDITED STATEMENTS OF OPERATIONS
                       ----------------------------------
 
                                                              For the Three Months Ended
                                                                       March 31,
                                                              --------------------------
                                                                   1997          1996
                                                              ------------    ----------
<S>                                                            <C>           <C> 
Revenues                                                        $6,844,105    $6,260,965
 
Operating expenses                                               3,833,754     3,515,716
 
Management fees and allocated overhead from General Partner        813,632       735,844
 
Depreciation and amortization                                    2,121,717     2,061,381
 
Operating income (loss)                                             75,002       (51,976)
 
Interest expense                                                  (703,657)     (801,691)
 
Other, net                                                          34,071        34,490
                                                                ----------    ----------
 
       Net loss                                                 $ (594,584)   $ (819,177)
                                                                ==========    ==========
 
</TABLE>

       Management fees and reimbursements for overhead and administrative
expenses paid to Jones Intercable, Inc. by the Venture totaled $342,205 and
$471,427, respectively, for the three month period ended March 31, 1997, and
$313,048 and $422,796, respectively, for the three month period ended March 31,
1996.

                                       7
<PAGE>
 
                            CABLE TV FUND 14-B, LTD.
                            ------------------------
                            (A Limited Partnership)

        MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
        ---------------------------------------------------------------
                             RESULTS OF OPERATIONS
                             ---------------------


FINANCIAL CONDITION
-------------------

       The Partnership owns a 73 percent interest in the Venture.  The
accompanying financial statements include 100 percent of the accounts of the
Partnership and those of the Venture, reduced by the 27 percent minority
interest in the Venture.

The Partnership-

       For the three months ended March 31, 1997, the Surfside System and Little
Rock System generated net cash from operating activities totaling $967,486,
which is available to fund capital expenditures and non-operating costs.  The
Partnership expended approximately $534,000 on capital additions in its wholly-
owned Surfside and Little Rock Systems during the first quarter of 1997.
Service drops to homes accounted for approximately 47 percent of these
expenditures and new plant construction accounted for approximately 31 percent.
The remainder of the expenditures was for various enhancements in the
Partnership's systems.  Funding for these expenditures was provided by cash on
hand and cash generated from operations.  Anticipated capital expenditures for
the remainder of 1997 are approximately $3,564,000.  Approximately 34 percent is
designated for rebuild construction and approximately 33 percent is designated
for plant construction in both of the Partnership's systems.  Service drops to
homes are expected to account for approximately 19 percent.  The remainder of
these expenditures is for various enhancements in each of the Partnership's
systems.  These expenditures are necessary to maintain the value of the
Partnership's systems.  Funding for these improvements will be provided by cash
on hand, cash generated from operations and borrowings under the Partnership's
credit facility.

       In December 1995, the Partnership entered into a reducing revolving
credit facility with an available commitment of $18,000,000.  At March 31, 1997,
the balance outstanding was $14,700,000, leaving $3,300,000 available for future
borrowings.  On September 30, 1998, the maximum available on the reducing
revolving credit facility begins to reduce quarterly until December 31, 2003
when the amount available will be zero.  Interest on the reducing revolving
credit facility is at the Partnership's option of the Base Rate plus 1/8
percent, the London Interbank Offered Rate ("LIBOR") plus 1-1/8 percent, or the
Certificate of Deposit Rate ("CD Rate") plus 1-1/4 percent.  The effective
interest rates on amounts outstanding as of March 31, 1997 and 1996 were 6.66
percent and 6.84 percent, respectively.

       The General Partner believes that the Partnership's wholly owned systems
have sufficient sources of capital from cash on hand, cash generated from
operations and borrowings available under the reducing revolving credit facility
to service their presently anticipated needs.

The Venture-

       For the three months ended March 31, 1997, the Venture generated net cash
from operating activities totaling $1,118,673, which is available to fund
capital expenditures and non-operating costs.  During the first three months of
1997, capital expenditures in the Venture-owned Broward County System totaled
approximately $911,000.  Approximately 45 percent of these expenditures related
to service drops to homes.  Approximately 33 percent of these expenditures
related to new plant construction.  The remainder of the expenditures was for
various enhancements in the Broward County System.  Funding for these
expenditures was provided by cash on hand and cash generated from operations.
Anticipated capital expenditures for the remainder of 1997 are approximately
$3,000,000.  Approximately 43 percent will relate to service drops to homes.
Approximately 38 percent will relate to new plant construction.  The remainder
of the anticipated expenditures is for various enhancements in the Broward
County System.  These expenditures are necessary to maintain the value of the
Broward County System.  These capital expenditures are expected to be funded
from cash on hand, cash generated from operations and borrowings under the
Venture's credit facility.

       In June 1996, the Venture amended its existing term loan providing for a
reducing revolving credit facility with an available commitment of $42,500,000.
The entire $42,500,000 commitment is available through December 31, 1998, at
which time the commitment will begin to reduce quarterly until December 31,
2003, when the amount available will be zero.  

                                       8
<PAGE>
 
At March 31, 1997, the balance outstanding was $41,503,000, leaving $997,000
available for future borrowings. Interest is at the Venture's option of the
Prime Rate plus 1/4 percent, LIBOR plus 1-1/4 percent or the CD Rate plus 1-3/8
percent. The effective interest rates on amounts outstanding as of March 31,
1997 and 1996 were 6.77 percent and 6.63 percent, respectively.

       The General Partner believes that the Venture has sufficient sources of
capital from cash on hand, cash generated from operations and borrowings under
its credit facility to service its current needs.

                                       9
<PAGE>
 
RESULTS OF OPERATIONS
---------------------

The results of operations for the Partnership are summarized in the selected
financial data below:
<TABLE>
<CAPTION>
 
                                                                                         For the Three Months Ended March 31, 1997
                                                                                        ------------------------------------------
                                                                                        Partnership       Venture
                                                                                           Owned           Owned      Consolidated
                                                                                        -----------    -------------  -------------
<S>                                                                                     <C>            <C>            <C>
 
Revenues                                                                                  $3,221,673     $6,844,105    $10,065,778
 
Operating expenses                                                                        $1,874,048     $3,833,754    $ 5,707,802
 
Management fees and allocated overhead from General Partner                               $  377,544     $  813,632    $ 1,191,176
 
Depreciation and amortization                                                             $1,269,447     $2,121,717    $ 3,391,164
 
Operating income (loss)                                                                   $ (299,366)    $   75,002    $  (224,364)
 
Interest expense                                                                          $ (249,527)    $ (703,657)   $  (953,184)
 
Consolidated loss before minority interest                                                $ (532,247)    $ (594,584)   $(1,126,831)
 
Minority interest in consolidated loss                                                    $        -     $  161,132    $   161,132
 
Net loss                                                                                  $ (532,247)    $ (433,452)   $  (965,699)
 
<CAPTION> 
                                                                                         For the Three Months Ended March 31, 1996
                                                                                        ------------------------------------------
                                                                                        Partnership       Venture
                                                                                           Owned           Owned      Consolidated
                                                                                        -----------    -------------  -------------
<S>                                                                                     <C>            <C>            <C>
 
Revenues                                                                                  $2,907,874     $6,260,965    $ 9,168,839
 
Operating expenses                                                                        $1,686,285     $3,515,716    $ 5,202,001
 
Management fees and allocated overhead from General Partner                               $  343,129     $  735,844    $ 1,078,973
 
Depreciation and amortization                                                             $1,247,255     $2,061,381    $ 3,308,636
 
Operating loss                                                                            $ (368,795)    $  (51,976)   $  (420,771)
 
Interest expense                                                                          $ (273,351)    $ (801,691)   $(1,075,042)
 
Consolidated loss before minority interest                                                $ (642,642)    $ (819,177)   $(1,461,819)
 
Minority interest in consolidated loss                                                    $        -     $  221,977    $   221,977
 
Net loss                                                                                  $ (642,642)    $ (597,200)   $(1,239,842)
 
</TABLE>

                                       10
<PAGE>
 
Partnership owned -
-----------------  

       Revenues of the Partnership's Surfside System and Little Rock System
increased $313,799, or approximately 11 percent, to $3,221,673 for the three
months ended March 31, 1997, from $2,907,874 for the comparable 1996 period.
Basic service rate increases accounted for approximately 30 percent of the
increase in revenues.  The number of basic subscribers totaled 26,856 at March
31, 1997 compared to 26,026 at March 31, 1996, an increase of 830, or
approximately 3 percent.  This increase in basic subscribers accounted for
approximately 20 percent of the increase in revenues.  Increases in advertising
activity accounted for approximately 24 percent of the increase in revenues.  No
other individual factor significantly affected the increase in revenues.

       Operating expenses consist primarily of costs associated with the
operation and administration of the Partnership's cable television systems.  The
principal cost components are salaries paid to system personnel, programming
expenses, professional fees, subscriber billing costs, rent for leased
facilities, cable system maintenance expenses and marketing expenses.

       Operating expenses increased $187,763, or approximately 11 percent, to
$1,874,048 for the three months ended March 31, 1997, from $1,686,285 for the
comparable 1996 period.  Operating expenses represented approximately 58 percent
of revenue for both 1997 and 1996.  This increase in operating expenses was
primarily due to increases in programming fees and advertising expenses.  No
other individual factor significantly affected the increase in operating
expenses.

       The cable television industry generally measures the financial
performance of a cable television system in terms of operating cash flow
(revenues less operating expenses).  This measure is not intended to be a
substitute or improvement upon the items disclosed on the financial statements,
rather it is included because it is an industry standard.  Operating cash flow
increased $126,036, or approximately 10 percent, to $1,347,625 for the three
months ended March 31, 1997 from $1,221,589 for the comparable 1996 period due
to the increase in revenues exceeding the increases in operating expenses.

       Management fees and allocated overhead from the General Partner increased
$34,415, or approximately 10 percent, to $377,544 for the three months ended
March 31, 1997 from $343,129 for the comparable 1996 period.  This increase was
primarily due to the increase in revenues, upon which such management fees and
allocations are based, and the timing of certain expenses allocated from the
General Partner.

       Depreciation and amortization expense increased $22,192, or approximately
2 percent, to $1,269,447 for the three months ended March 31, 1997 from
$1,247,255 for the comparable 1996 period.  This increase was due to capital
additions to the Partnership's asset base.

       Operating loss decreased $69,429, or approximately 19 percent, to
$299,366 for the three months ended March 31, 1997 from $368,795 for the
comparable 1996 period.  This decrease was due to the increase in revenues
exceeding the increases in operating expenses, management fees and allocated
overhead from the General Partner and depreciation and amortization expense.

       Interest expense decreased $23,824, or approximately 9 percent, to
$249,527 for the three months ended March 31, 1997 from $273,351 for the
comparable 1996 period.  This decrease was due to lower effective interest rates
and lower outstanding balances on interest bearing obligations.

       Net loss decreased $110,395, or approximately 17 percent, to $532,247 for
the three months ended March 31, 1997 from $642,642 for the comparable 1996
period.  These losses were primarily the result of the factors discussed above.

Venture owned -
-------------  

       In addition to its ownership of the Surfside System and the Little Rock
System, the Partnership owns a 73 percent interest in the Venture.

       Revenues of the Venture's Broward County System increased $583,140, or
approximately 9 percent, to $6,844,105 for the three months ended March 31,
1997, from $6,260,965 for the comparable 1996 period.  Basic service rate
increases accounted for approximately 30 percent of the increase in revenues.
The number of basic subscribers totaled 52,042 at March 31, 1997 compared to
50,965 at March 31, 1996, an increase of 1,077, or approximately 2 percent.
This increase in 

                                       11
<PAGE>
 
basic subscribers accounted for approximately 14 percent of the increase in
revenues. An increase in advertising activity accounted for approximately 27
percent of the increase in revenues. No other individual factor significantly
affected the increase in revenues.

       Operating expenses increased $318,038, or approximately 9 percent, to
$3,833,754 for the three months ended March 31, 1997 from $3,515,716 for the
comparable 1996 period.  Operating expenses represented approximately 56 percent
of revenue for both 1997 and 1996.  This increase in operating expenses was due
primarily to increases in programming fees and advertising expenses.  No other
individual factor significantly affected the increase in operating expenses.

       Operating cash flow increased $265,102, or approximately 10 percent, to
$3,010,351 for the three months ended March 31, 1997 from $2,745,249 for the
comparable 1996 period due to the increase in revenues exceeding the increase in
operating expenses.

       Management fees and allocated overhead from Jones Intercable, Inc.
increased $77,788, or approximately 11 percent, to $813,632 for the three months
ended March 31, 1997 from $735,844 for the comparable 1996 period.  This
increase was primarily due to the increase in revenues, upon which such
management fees and allocations are based, and the timing of certain expenses
allocated from Jones Intercable, Inc.

       Depreciation and amortization expense increased $60,336, or approximately
3 percent, to $2,121,717 for the three months ended March 31, 1997 from
$2,061,381 for the comparable 1996 period.  This increase was attributable to
capital additions to the Venture's asset base.

       For the three months ended March 31, 1997, the Venture had operating
income of $75,002 compared to an operating loss of $51,976 for the three months
ended March 31, 1996.  This change was due to the increase in revenues exceeding
the increases in operating expenses, depreciation and amortization expenses and
management fees and allocated overhead from Jones Intercable, Inc.

       Interest expense decreased $98,034, or approximately 12 percent, to
$703,657 for the three months ended March 31, 1997 from $801,691 for the
comparable 1996 period due to lower outstanding balances on interest bearing
obligations.

       Net loss decreased $224,593, or approximately 27 percent, to $594,584 for
the three months ended March 31, 1997 from $819,177 for the comparable 1996
period.  These losses were primarily the result of the factors discussed above.

                                       12
<PAGE>
 
                          PART II - OTHER INFORMATION



Item 6.  Exhibits and Reports on Form 8-K.

         a)  Exhibits

             27)  Financial Data Schedule

         b)  Reports on Form 8-K

             None

                                       13
<PAGE>
 
                                   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.

                                       CABLE TV FUND 14-B, LTD.
                                       BY:  JONES INTERCABLE, INC.
                                            General Partner



                                       By:/S/ Kevin P. Coyle
                                          -----------------------------
                                          Kevin P. Coyle
                                          Group Vice President/Finance
                                          (Principal Financial Officer)



Dated:  May 13, 1997

                                       14