~~Table of Contents~~UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

~~FORM 10-Q~~ _______________________

~~Quarterly Report Pursuant to Section 13 or 15 (d) of the~~FORM ~~Securities Exchange Act of 1934~~ 10-Q

~~For the quarterly period ended September 30, 2003~~ _______________________

~~Commission~~Quarterly Report ~~File~~Pursuant ~~Numbers:~~to ~~333-72440~~Section ~~333-72440-01~~13 or 15(d) of the

~~Mediacom Broadband LLC~~Securities ~~Mediacom~~ Exchange ~~Broadband~~Act Corporation* of 1934

~~(Exact~~For the ~~names~~quarterly ofperiod ~~Registrants~~ended asJune ~~specified~~30, ~~in their charters)~~ 2006

~~Delaware~~Commission File ~~Delaware (State or other jurisdiction of incorporation or organization) 06-1615412 06-1630167 (I.R.S. Employer Identification~~ Numbers): 333-72440

~~100 Crystal Run Road~~ ~~Middletown, New York 10941 (Address of principal executive offices)~~ 333-72440-01

~~(845) 695-2600~~Mediacom ~~(Registrants’~~ Broadband ~~telephone number)~~ LLC

~~Indicate by check mark whether the Registrants (1) have filed all reports~~Mediacom ~~required~~ Broadband to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. Yes X No Corporation*

~~Indicate~~(Exact names byof ~~checkmark~~Registrants ~~whether the registrants are accelerated filers (~~as ~~defined~~ specified in ~~Rule 12b-2~~their ~~of the Act~~charters)~~. Yes No X~~

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

Delaware		06-1615412
Delaware		06-1630167
*(State or other jurisdiction of incorporation or organization)*		*(I.R.S. Employer Identification Numbers)*

	100 Crystal Run Road Middletown, New York 10941 *(Address of principal executive offices)*


	(845) 695-2600 *(Registrants’ telephone number)*

*MediacomIndicate by ~~Broadband~~check ~~Corporation~~mark ~~meets~~whether the ~~conditions~~Registrants ~~set~~(1) ~~forth~~have infiled ~~General~~all reports required to ~~Instruction~~ be filed Hby Section 13 or 15 (1d) of the Securities Exchange Act of 1934 during the preceding 12 months (aor for such shorter period that the Registrants were required to file such reports) , and (b2) of ~~Form~~have ~~10-Q~~been ~~and~~subject isto ~~therefore~~such filing ~~this form~~ ~~with~~ requirements for the ~~reduced~~past ~~disclosure~~90 ~~format~~days.

~~TABLE OF CONTENTS~~R Yes £ No

PART I
	ITEM 1. FINANCIAL STATEMENTS
	CONSOLIDATED BALANCE SHEETS
	CONSOLIDATED STATEMENTS OF OPERATIONS
	CONSOLIDATED STATEMENTS OF OPERATIONS
	CONSOLIDATED STATEMENT OF CASH FLOWS
	NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
	ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
	ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
	ITEM 4. CONTROLS AND PROCEDURES
PART II
	ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
SIGNATURES
SECTION 302 CERTIFICATION
SECTION 302 CERTIFICATION
SECTION 906 CERTIFICATION
SECTION 906 CERTIFICATION

Indicate by check mark whether the Registrants are large accelerated filers, or non-accelerated filers. See definition of “accelerated filer” in Rule 12b-2 of the Exchange Act. (Check one):

~~Table~~£ Large accelerated offilers £ Accelerated ~~Contents~~filers R Non-accelerated filers

~~MEDIACOM~~Indicate by ~~BROADBAND~~check ~~LLC~~mark ~~AND~~whether ~~SUBSIDIARIES~~the Registrants are a shell company (as defined in Rule 12b-2 of the Exchange Act).

~~FORM 10-Q~~£ ~~FOR THE PERIOD ENDED SEPTEMBER 30, 2003~~ Yes R No

~~TABLE~~Indicate the OFnumber ~~CONTENTS~~of shares outstanding of the Registrants’ common stock: Not Applicable

~~PART~~*Mediacom Broadband ICorporation meets the conditions set forth in General Instruction H (1) (a) and (b) of Form 10-Q and is therefore filing this form with the reduced disclosure format.

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

Table of contents

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

~~Table of Contents~~FORM 10-Q

~~PART I~~FOR THE PERIOD ENDED JUNE 30, 2006

~~ITEM 1. FINANCIAL STATEMENTS~~TABLE OF CONTENTS

MEDIACOM BROADBAND LLC AND SUBSIDIARIES

PART I		Page

Item 1.	Financial Statements	4

	Consolidated Balance Sheets (unaudited) June 30, 2006 and December 31, 2005	4

	Consolidated Statements of Operations (unaudited) Three and Six Months Ended June 30, 2006 and 2005	5

	Consolidated Statements of Cash Flows (unaudited) Six Months Ended June 30, 2006 and 2005	6

	Notes to Consolidated Financial Statements (unaudited)	7

Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	14


Item 3.	Quantitative and Qualitative Disclosures about Market Risk	23

Item 4.	Controls and Procedures	23

PART II

Item 1.	Legal Proceedings	24

Item 1A.	Risk Factors	24

Item 6.	Exhibits	24

~~CONSOLIDATED BALANCE SHEETS (All dollar amounts in 000’s) (Unaudited)~~ 2

			September 30,			December 31,
			2003			2002
ASSETS
CURRENT ASSETS
	Cash and cash equivalents		$	3,839		$	10,307
	Subscriber accounts receivable, net of allowance for doubtful accounts of $2,620 and $2,683, respectively			35,001			35,449
	Prepaid expenses and other assets			3,697			8,323
		Total current assets		42,537			54,079
	Investment in cable television systems:
	Inventory, net			7,394			5,283
	Property, plant and equipment, net of accumulated depreciation of $209,017 and $131,507, respectively			734,711			722,086
	Intangible assets, net of accumulated amortization of $52,136 and $49,907, respectively			1,477,221			1,481,972
		Total investment in cable television systems		2,219,326			2,209,341
	Other assets, net of accumulated amortization of $4,841 and $3,085, respectively			17,020			18,528
		Total assets	$	2,278,883		$	2,281,948
LIABILITIES, PREFERRED MEMBERS’ INTERESTS AND MEMBER’S EQUITY
CURRENT LIABILITIES
	Accounts payable and accrued expenses		$	147,849		$	180,266
	Deferred revenue			19,910			18,371
	Current portion of long-term debt			5,351			—
		Total current liabilities		173,110			198,637
Long-term debt, less current portion				1,344,841			1,298,000
Other non-current liabilities				23,396			24,789
		Total liabilities		1,541,347			1,521,426
PREFERRED MEMBERS’ INTERESTS				150,000			150,000
MEMBER’S EQUITY
	Capital contributions			725,000			725,000
	Accumulated deficit			(137,464	)		(114,478	)
		Total member’s equity		587,536			610,522
		Total liabilities, preferred members’ interests and member’s equity	$	2,278,883		$	2,281,948

Table of contents

~~The accompanying notes to consolidated financial~~Cautionary ~~statements~~ Statement ~~are~~Regarding anForward-Looking ~~integral part of these statements.~~ Statements

1You should carefully review the information contained in this Quarterly Report and in other reports or documents that we file from time to time with the Securities and Exchange Commission (the “SEC”).

~~Table~~In this Quarterly Report, we state our beliefs of ~~Contents~~future events and of our future financial performance. In some cases, you can identify those so-called “forward-looking statements” by words such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” or “continue” or the negative of those words and other comparable words. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from historical results or those we anticipate. Factors that could cause actual results to differ from those contained in the forward-looking statements include, but are not limited to: competition in our video, high-speed Internet access and phone businesses; our ability to achieve anticipated customer and revenue growth and to successfully introduce new products and services; increasing programming costs; changes in laws and regulations; our ability to generate sufficient cash flow to meet our debt service obligations and access capital to maintain our financial flexibility; and the other risks and uncertainties discussed in this Quarterly Report and in our Annual Report on Form 10-K for the year ended December 31, 2005 and other reports or documents that we file from time to time with the SEC. Statements included in this Quarterly Report are based upon information known to us as of the date that this Quarterly Report is filed with the SEC, and we assume no obligation to update or alter our forward-looking statements made in this Quarterly Report, whether as a result of new information, future events or otherwise, except as otherwise required by applicable federal securities laws.

~~MEDIACOM BROADBAND LLC AND SUBSIDIARIES~~ 3

Table of contents

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

PART I
ITEM 1. FINANCIAL STATEMENTS

MEDIACOM BROADBAND LLC AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(All dollar amounts in thousands)
(Unaudited)
	June 30,			December 31,
	2006			2005
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	15,499		$	7,142
Accounts receivable, net of allowance for doubtful accounts of $1,586 and $1,842, respectively		37,596			36,205
Prepaid expenses and other assets		41,903			26,613
Total current assets		94,998			69,960

Investment in cable television systems:
Property, plant and equipment, net of accumulated depreciation of $454,305 and $405,316, respectively		714,192			718,210
Franchise rights, net of accumulated amortization of $38,752		1,251,361			1,251,361
Goodwill		204,582			204,582
Subscriber lists, net of accumulated amortization of $20,285 and $19,251, respectively		12,838			13,774
Total investment in cable television systems		2,182,973			2,187,927

Other assets, net of accumulated amortization of $6,806 and $7,090, respectively		22,950			27,168

Total assets	$	2,300,921		$	2,285,055

LIABILITIES AND MEMBERS' EQUITY
CURRENT LIABILITIES
Accrued liabilities	$	121,512		$	120,975
Deferred revenue		24,333			22,474
Current portion of long-term debt		454,028			43,858
Total current liabilities		599,873			187,307

Long-term debt, less current portion		1,192,665			1,374,512
Other non-current liabilities		7,130			8,622
Total liabilities		1,799,668			1,570,441

Commitments and contingencies (Note 9)

PREFERRED MEMBERS' INTEREST		150,000			150,000
MEMBERS' EQUITY
Capital contributions		555,511			725,000
Accumulated deficit		(204,258	)		(160,386	)
Total members' equity		351,253			564,614

Total liabilities, preferred members' interest and members' equity	$	2,300,921		$	2,285,055

The accompanying notes to the unaudited financial
statements are an integral part of these statements

		Three Months Ended
		September 30,
		2003			2002
Revenues		$	137,207		$	129,187
Costs and expenses:
	Service costs (exclusive of depreciation and amortization of $24,974 and $27,667, respectively, shown separately below)		52,612			50,159
	Selling, general and administrative expenses		30,259			26,907
	Management fee expense		2,408			1,762
	Depreciation and amortization		24,974			27,667
Operating income			26,954			22,692
Interest expense, net			(20,502	)		(19,085	)
Gain (loss) on derivative instruments, net			5,433			(11,094	)
Other expenses			(1,908	)		(1,238	)
Net income (loss)		$	9,977		$	(8,725	)

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

MEDIACOM BROADBAND LLC AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(All amounts in thousands)
(Unaudited)

	Three Months Ended						Six Months Ended
	June 30,						June 30,
		2006			2005			2006			2005

Revenues	$	169,769		$	154,293		$	332,596		$	303,039

Costs and expenses:
Service costs (exclusive of depreciation and amortization
of $27,286, $28,206, 54,470 and $57,087, respectively, shown below)		66,620			58,669			131,721			116,745
Selling, general and administrative expenses		36,520			34,957			71,724			68,082
Management fee expense		2,948			3,083			5,925			5,979
Depreciation and amortization		27,286			28,206			54,470			57,087

Operating income		36,395			29,378			68,756			55,146

Interest expense, net		(27,846	)		(23,404	)		(54,864	)		(46,853	)
Loss on early extinguishment of debt		(2,908	)		-			(2,908	)		-
Gain (loss) on derivatives, net		420			(916	)		362			4,061
Other expense		(1,511	)		(1,011	)		(2,887	)		(2,039	)

Net income	$	4,550		$	4,047		$	8,459		$	10,315

Dividend to preferred member		4,500			4,500			9,000			9,000

Net income (loss) applicable to member	$	50		$	(453	)	$	(541	)	$	1,315

The accompanying notes to the unaudited financial
statements are an integral part of these statements

~~Table of Contents~~5

~~MEDIACOM BROADBAND LLC AND SUBSIDIARIES~~Table of contents

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

MEDIACOM BROADBAND LLC AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(All dollar amounts in thousands)
(Unaudited)
	Six Months Ended
	June 30,
	2006			2005
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	8,459		$	10,315
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		54,470			57,087
Gain on derivatives, net		(362	)		(4,061	)
Loss on early extinguishment of debt		1,908			-
Amortization of deferred financing costs		1,512			1,117
Share-based compensation		488			90
Changes in assets and liabilities, net of effects from acquisitions:
Accounts receivable, net		(1,391	)		(1,956	)
Prepaid expenses and other assets		(14,668	)		(13,542	)
Accrued liabilities		536			8,940
Deferred revenue		1,859			714
Other non-current liabilities		(1,346	)		(160	)
Net cash flows provided by operating activities		51,465			58,544

CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures		(49,441	)		(53,352	)
Net cash flows used in investing activities		(49,441	)		(53,352	)

CASH FLOWS FROM FINANCING ACTIVITIES:
New borrowings		894,000			200,750
Repayment of debt		(665,678	)		(188,156	)
Financing costs		(198	)		-
Capital contribution		3,040			-
Dividend payments on preferred members' interest		(9,000	)		(9,000	)
Return of capital to parent		(172,500	)		-
Dividend payments to parent		(43,331	)		(10,863	)
Net cash flows provided by (used in) financing activities		6,333			(7,269	)
Net increase (decrease) in cash and cash equivalents		8,357			(2,077	)

CASH AND CASH EQUIVALENTS, beginning of period		7,142			9,130
CASH AND CASH EQUIVALENTS, end of period	$	15,499		$	7,053

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid during the period for interest, net of amounts capitalized	$	56,988		$	45,944

The accompanying notes to the unaudited financial
statements are an integral part of these statements

		Nine Months Ended
		September 30,
		2003			2002
Revenues		$	409,474		$	379,807
Costs and expenses:
	Service costs (exclusive of depreciation and amortization of $88,010 and $82,739, respectively, shown separately below)		160,208			156,101
	Selling, general and administrative expenses		86,936			76,683
	Management fee expense		6,593			5,127
	Depreciation and amortization		88,010			82,739
Operating income			67,727			59,157
Interest expense, net			(61,951	)		(56,795	)
Loss on derivative instruments, net			(1,970	)		(12,336	)
Other expenses			(4,232	)		(3,946	)
Net loss		$	(426	)	$	(13,920	)

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

3MEDIACOM BROADBAND LLC AND SUBSIDIARIES

~~Table~~NOTES TO ofCONSOLIDATED ~~Contents~~FINANCIAL STATEMENTS

~~MEDIACOM BROADBAND LLC AND SUBSIDIARIES~~1. ORGANIZATION

~~CONSOLIDATED~~Mediacom Broadband ~~STATEMENT~~LLC OF(“Mediacom ~~CASH~~Broadband,” ~~FLOWS (All~~and ~~dollar~~collectively ~~amounts~~with inits ~~000’s~~subsidiaries, the “Company”), a Delaware limited liability company wholly-owned by Mediacom Communications Corporation (~~Unaudited~~“MCC”), is involved in the acquisition and operation of cable systems serving smaller cities and towns in the United States.

					Nine Months Ended
					September 30,
					2003			2002
CASH FLOWS PROVIDED BY OPERATING ACTIVITIES:
	Net loss				$	(426	)	$	(13,920	)
	Adjustments to reconcile net loss to net cash flows from operating activities:
		Depreciation and amortization				88,010			82,739
		Loss on derivative instruments, net				1,970			12,336
		Amortization of deferred financing costs				1,756			1,745
		Loss on sales of cable television systems				634			—
		Changes in assets and liabilities:
			Subscriber accounts receivable, net			448			(4,607	)
			Prepaid expenses and other assets			4,626			(3,615	)
			Accounts payable and accrued expenses			(34,387	)		18,267
			Deferred revenue			1,539			1,675
			Other non-current liabilities			(1,393	)		—
				Net cash flows provided by operating activities		62,777			94,620
CASH FLOWS USED IN INVESTING ACTIVITIES:
	Capital expenditures					(97,067	)		(177,588	)
	Proceeds from sale of cable television systems					9,671			—
	Acquisition of cable television system					(5,049	)		—
	Other investment activities					(1,409	)		(1,997	)
				Net cash flows used in investing activities		(93,854	)		(179,585	)
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES:
	New borrowings					106,554			116,000
	Repayment of debt					(59,385	)		(63,000	)
	Dividend payments on preferred members’ interests					(13,500	)		(13,500	)
	Dividend payment to parent					(9,060	)		(4,528	)
	Financing costs					—			(426	)
				Net cash flows provided by financing activities		24,609			34,546
				Net decrease in cash and cash equivalents		(6,468	)		(50,419	)
CASH AND CASH EQUIVALENTS, beginning of period						10,307			55,578
CASH AND CASH EQUIVALENTS, end of period					$	3,839		$	5,159
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
	Cash paid during the period for interest				$	76,532		$	77,685
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING ACTIVITIES:
	Capital expenditures financed through capital leases				$	5,023		$	—

The Company has prepared these unaudited consolidated financial statements in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”). In the opinion of management, such statements include all adjustments, consisting of normal recurring accruals and adjustments, necessary for a fair presentation of the Company’s consolidated results of operations and financial position for the interim periods presented. The accounting policies followed during such interim periods reported are in conformity with generally accepted accounting principles in the United States of America and are consistent with those applied during annual periods, except for the adoption of SFAS No. 123(R) “Share-Based Payment” (“SFAS No. 123(R)”), as discussed in Note 8. For a summary of the Company’s accounting policies and other information, refer to the Company’s Annual Report on Form 10-K for the year ended December 31, 2005. The results of operations for the interim periods are not necessarily indicative of the results that might be expected for future interim periods or for the full year ending December 31, 2006.

~~The~~Mediacom Broadband ~~accompanying~~relies ~~notes~~on toits ~~consolidated~~parent, ~~financial~~MCC, for various services such as corporate ~~statements~~ and administrative ~~are~~support. anThe ~~integral~~financial ~~part~~position, results of ~~these~~operations ~~statements.~~and cash flows of Mediacom Broadband could differ from those that would have resulted had Mediacom Broadband operated autonomously or as an entity independent of MCC.

4Mediacom Broadband Corporation (“Broadband Corporation”), a Delaware corporation wholly-owned by Mediacom Broadband, co-issued, jointly and severally with Mediacom Broadband, public debt securities. Broadband Corporation has no operations, revenues or cash flows and has no assets, liabilities or stockholders’ equity on its balance sheet, other than a one-hundred dollar receivable from an affiliate and the same dollar amount of common stock on its consolidated balance sheets. Therefore, separate financial statements have not been presented for this entity.

~~Table~~Allowance for ofDoubtful ~~Contents~~Accounts

~~MEDIACOM~~The allowance ~~BROADBAND~~for ~~LLC~~doubtful ~~AND~~accounts ~~SUBSIDIARIES~~represents the Company’s best estimate of probable losses in the accounts receivable balance. The allowance is based on the number of days outstanding, customer balances, historical experience and other currently available information. During the three months ended June 30, 2006, the Company revised its estimate of probable losses in the accounts receivable of its video, data and phone businesses to better reflect historical collection experience. The change in estimate resulted in a benefit to the consolidated statement of operations of $0.5 million for the three and six months ended June 30, 2006.

~~NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)~~ Reclassifications

~~(1) Organization~~Certain reclassifications have been made to prior year amounts to conform to the current year’s presentation.

~~Mediacom Broadband LLC (“Mediacom Broadband,” and collectively with its~~2. ~~subsidiaries,~~ RECENTLY ~~the~~ISSUED ~~“Company”),~~ACCOUNTING ~~a Delaware limited liability company wholly-owned by Mediacom Communications Corporation (“MCC”), was organized for the purpose of acquiring cable systems from AT&T Broadband, LLC in 2001.~~ PRONOUNCEMENTS

~~Mediacom~~In February ~~Broadband Corporation~~2006, athe ~~Delaware~~FASB ~~corporation~~issued ~~wholly-owned~~FASB ~~by Mediacom~~Statement ~~Broadband~~No. 155, ~~was~~“Accounting for ~~organized~~Certain ~~for~~Hybrid ~~the~~Financial ~~sole~~Instruments, ~~purpose~~Amendment of ~~acting~~FASB asStatement ~~co-issuer~~No. 133 ~~with~~ and ~~Mediacom~~140” (“SFAS No. ~~Broadband~~155”). ofSFAS ~~$400~~No.~~0 million~~ ~~aggregate~~155 ~~principal~~amends ~~amount~~SFAS ofNo. ~~the~~133, ~~11%~~“Accounting ~~senior~~ for ~~notes~~Derivative ~~due~~Instruments ~~July 15,~~and ~~2013~~Hedging Activities” (“SFAS No. ~~Mediacom~~133”) ~~Broadband~~and ~~Corporation~~SFAS ~~has~~No. ~~nominal~~140, “Accounting ~~assets~~ for Transfers and ~~does~~Servicing ~~not~~of ~~conduct~~Financial ~~operations~~Assets and Extinguishments of Liabilities” (“SFAS No. ~~its~~140”). ~~own~~SFAS No. 155 gives entities the option of applying fair value accounting to certain hybrid financial instruments in their entirety if they contain embedded derivatives that would otherwise require bifurcation under SFAS No. 133. SFAS No. 155 will be effective as of January 1, 2007 and the Company does not believe that the adoption will have a material impact on its consolidated financial condition or results of operations.

~~(2) Statement~~In March 2006, ofthe FASB issued SFAS No. 156, “Accounting for ~~Presentation~~Servicing of Financial Assets - an Amendment of FASB Statement No 140.” SFAS No 156 provides guidance on the accounting for servicing assets and ~~Other~~liabilities when ~~Information~~an entity undertakes an obligation to service a financial asset by entering into a servicing contract. This statement is effective for all transactions in fiscal years beginning after September 15, 2006. The Company does not expect the adoption of SFAS No. 156 will have a material impact on its Consolidated Financial Condition or results of operations.

~~Basis of Preparation of Consolidated Financial Statements~~ 7

~~Mediacom Broadband has prepared these unaudited consolidated financial~~Table ~~statements as~~ of ~~September 30, 2003 and 2002. In the opinion of management,~~ such statements include all adjustments, including normal recurring accruals and adjustments, necessary for a fair presentation of the Company’s consolidated results of operations and financial position for the interim periods presented. The accounting policies followed during such interim periods reported are in conformity with generally accepted accounting principles in the United States of America and are consistent with those applied during annual periods. For additional disclosures, including a summary of the Company’s accounting policies, the interim unaudited consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2002 (File Nos. 333-72440 and 333-72440-01). The results of operations for the interim periods are not necessarily indicative of the results that might be expected for future interim periods or for the full year ending December 31, 2003. contents

~~Change~~MEDIACOM BROADBAND inLLC ~~Estimate~~ AND SUBSIDIARIES

~~Effective July 1, 2003, the Company changed the estimated useful lives of~~NOTES ~~its~~ TO ~~cable~~CONSOLIDATED ~~systems and equipment in conjunction with the Company’s recently~~FINANCIAL completed network upgrade and rebuild program. The changes in estimated useful lives were made to reflect management’s evaluation of the longer economic lives of the Company’s upgraded and rebuilt network. The new asset lives are consistent with those used by companies in the cable television industry. The weighted average useful lives of such fixed assets changed from approximately 7 years to approximately 12 years. These changes were made on a prospective basis and resulted in a decrease in net loss for the three months and nine months ended September 30, 2003 of approximately $11.1 million. STATEMENTS

~~Reclassifications~~3. PROPERTY, PLANT AND EQUIPMENT

~~Certain~~Property, plant ~~reclassifications~~and ~~have~~equipment ~~been~~consisted ~~made~~of ~~to prior year’s amounts to conform to~~ the ~~current~~following ~~year’s~~(dollars ~~presentation.~~in thousands):

(3) Recent Accounting Pronouncements

	June 30,			December 31,
	2006			2005

Cable systems, equipment and subscriber devices	$	1,091,280		$	1,047,978
Vehicles		34,256			33,908
Buildings and leasehold improvements		24,559			24,487
Furniture, fixtures and office equipment		13,826			12,576
Land and land improvements		4,576			4,577
		1,168,497			1,123,526
Accumulated depreciation		(454,305	)		(405,316	)
Property, plant and equipment, net	$	714,192		$	718,210

~~The Financial Accounting Standards Board (“FASB”) issued Statement of Financial Accounting Standards (“SFAS”) No~~4. ~~143, “Accounting for Asset~~ ~~Retirement~~ ACCRUED Obligations,” in June 2001. SFAS No. 143 addresses financial accounting and reporting for obligations associated with the retirement of tangible long-lived assets and the associated asset retirement costs. The Company adopted SFAS No. 143 on January 1, 2003, and such adoption did not have a material impact on the Company’s financial condition or results of operations. LIABILITIES

5Accrued liabilities consisted of the following (dollars in thousands):

	June 30,		December 31,
	2006		2005

Accrued programming costs	$	29,594	$	32,486
Accrued interest		26,929		29,732
Other accrued expenses		19,524		18,519
Accrued taxes and fees		17,539		16,005
Accrued payroll and benefits		13,304		11,917
Accrued property, plant and equipment		7,593		6,869
Accrued telecommunications costs		7,029		5,447
	$	121,512	$	120,975

~~MEDIACOM BROADBAND LLC AND SUBSIDIARIES~~5. DEBT

~~NOTES~~Debt consisted TOof ~~CONSOLIDATED~~the ~~FINANCIAL~~following ~~STATEMENTS~~ (~~Unaudited~~dollars in thousands) :

In April 2003, the FASB issued SFAS No. 149, “Amendment of Statement 133 on Derivative Instruments and Hedging Activities.” SFAS No. 149 amends and clarifies financial accounting and reporting for derivative instruments, including certain derivative instruments embedded in other contracts and for hedging activities under SFAS No. 133, “Accounting for Derivative Instruments and Hedging Activities.” In general, SFAS No. 149 is effective for contracts entered into or modified after June 30, 2003 and for hedging relationships designated after June 30, 2003. The Company adopted SFAS No. 149 on July 1, 2003, and such adoption did not have a material impact on the Company’s financial condition or results of operations.

	June 30,		December 31,
	2006		2005

Bank credit facilities	$	1,045,250	$	816,250
11% senior notes due 2013		400,000		400,000
8 1/2% senior notes due 2015		200,000		200,000
Capital lease obligations		1,443		2,120
	$	1,646,693	$	1,418,370
Less: current portion		454,028		43,858
Total long-term debt	$	1,192,665	$	1,374,512

In May 2003, the FASB issued SFAS No. 150, “Accounting for Certain Financial Instruments with Characteristics of both Liabilities and Equity.” SFAS No. 150 establishes standards for how an issuer classifies and measures in its statement of financial position certain financial instruments with characteristics of both liabilities and equity. In accordance with SFAS No. 150, certain financial instruments that embody obligations for the issuer are required to be classified as liabilities. SFAS No. 150 is effective for financial instruments entered into or modified after May 31, 2003, and otherwise shall be effective at the beginning of the first interim period beginning after June 15, 2003. The Company adopted SFAS No. 150 on July 1, 2003, and such adoption did not have a material impact on the Company’s financial condition or results of operations. 8

~~(4) Debt~~Table of contents

AsMEDIACOM BROADBAND ofLLC ~~September 30,~~AND ~~2003 and December 31, 2002, debt consisted of:~~ SUBSIDIARIES

	September 30,		December 31,
	2003		2002
	(dollars in thousands)
Bank credit facility	$	946,000	$	898,000
11% senior notes		400,000		400,000
Capital lease obligations		4,192		—
	$	1,350,192	$	1,298,000
Less: current portion		5,351		—
Total long-term debt	$	1,344,841	$	1,298,000

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

~~The average interest rates on outstanding debt under the bank credit~~Bank ~~facility~~ Credit were 3.2% and 3.4% for the three and nine months ended September 30, 2003, respectively, before giving effect to the interest rate exchange agreements discussed below. As of September 30, 2003, the Company had unused credit commitments of approximately $446.2 million under its bank credit facility, of which about $295.9 million could be borrowed and used for general corporate purposes under the most restrictive covenants in the Company’s debt arrangements. The Company was in compliance with all covenants under its debt arrangements as of September 30, 2003. Facilities

~~The~~On May ~~Company~~5, 2006, ~~uses~~the ~~interest~~Company, refinanced ~~rate~~a ~~exchange~~$495.0 ~~agreements~~million interm ~~order~~loan towith ~~fix~~a ~~the interest~~new ~~rate~~term ~~for~~loan in the ~~duration~~amount of $800.0 ~~the~~million. ~~contract~~The tonew ~~hedge~~term ~~against~~loan ~~interest~~consists ~~rate volatility. As~~ of ~~September 30,~~two ~~2003,~~tranches: ~~the~~(i) ~~Company~~a ~~had~~$550.0 ~~interest rate exchange~~million ~~agreements~~ term ~~with~~loan ~~various~~which ~~banks~~was ~~pursuant~~funded toon ~~which~~May ~~the~~5, ~~interest~~2006; ~~rate~~and on(ii) a $~~500~~250.0 million delayed-draw isterm ~~fixed~~loan at(the a"Delayed ~~weighted~~Draw ~~average~~Term ~~rate of approximately 3~~Loan”).~~4%,~~ Borrowings ~~plus~~under the ~~average~~ ~~applicable~~new ~~margin~~term ~~over~~loan ~~the~~bear ~~eurodollar~~interest ~~rate~~at ~~option~~a ~~under~~rate ~~the~~that ~~bank~~is ~~credit agreement~~0.25% ~~Under~~less than the ~~terms of the~~ interest rate ~~exchange~~of ~~agreements,~~the ~~which expire~~term ~~from~~loan ~~2005~~that ~~through~~it ~~2007,~~replaced. ~~the~~The ~~Company~~new isterm ~~exposed~~loan matures ~~to credit loss~~ in ~~the event~~January of2015, ~~nonperformance~~whereas by the ~~other~~term ~~parties.~~loan ~~However,~~it ~~the~~replaced ~~Company~~had ~~does~~a ~~not~~maturity of ~~anticipate~~ February ~~nonperformance by the other parties~~2014.

~~The~~On June 29, ~~fair~~2006, ~~value~~borrowings ofunder the ~~interest~~Delayed-Draw ~~rate~~Term ~~exchange~~Loan ~~agreements~~were isused ~~the~~as ~~estimated~~follows: ~~amount~~ (i) to ~~that~~make ~~the~~a ~~Company~~distribution ~~would~~to ~~receive~~MCC ~~or pay~~ to ~~terminate~~allow ~~such~~it ~~agreements, taking~~to ~~into~~repay ~~account~~$172.5 ~~current~~million ~~interest~~of ~~rates~~its ~~and the current creditworthiness of~~5.25% ~~the~~ convertible ~~Company’s~~senior ~~counterparties.~~notes Atdue ~~September 30,~~July ~~2003~~1, ~~based~~2006; on(ii) ~~the mark-~~to~~-market~~ ~~valuation,~~repay ~~the~~amounts ~~Company~~outstanding under ~~would~~the ~~have~~revolving ~~paid~~credit ~~approximately~~portion ~~$17.0 million~~of ifthe ~~these~~Company’s ~~agreements~~subsidiary ~~were~~credit ~~terminated,~~facility; and ~~inclusive~~(iii) ~~of accrued interest.~~for working capital purposes.

6The Company recorded in its consolidated statement of operations for the three and six months ended June 30, 2006 a loss on early extinguishment of debt of $2.9 million, representing $1.0 million of bank fees and the write-off of $1.9 million of unamortized deferred financing costs.

~~Table~~The average interest rates on outstanding debt under the bank credit facility as of June ~~Contents~~30, 2006 and 2005, were 6.2% and 5.0%, respectively, before giving effect to the interest rate exchange agreements discussed below. As of June 30, 2006, the Company had unused credit commitments of approximately $617.9 million under its bank credit facility, of which $480.0 million could be borrowed and used for general corporate purposes based on the terms and conditions of the Company’s debt arrangements. The Company was in compliance with all covenants under its debt arrangements as of June 30, 2006.

~~MEDIACOM~~As of June ~~BROADBAND~~30, ~~LLC~~2006, ~~AND~~approximately ~~SUBSIDIARIES~~$11.3 million letters of credit were issued to various parties as collateral for our performance relating primarily to insurance and franchise requirements.

~~NOTES TO CONSOLIDATED FINANCIAL STATEMENTS~~11% ~~(Unaudited)~~ Senior Notes

On June 16, 2006, the Company notified the holders of the 11% Notes that they would be redeemed. On July 17, 2006, the Company redeemed all of the outstanding 11% Notes. The redemption price was $422.0 million, consisting of $400.0 million of principal and $22.0 million of redemption premium. The accrued interest paid was $22.2 million. The Company funded the redemption with: (5i) ~~Preferred~~ ~~Members’~~a ~~Interests~~$335.0 million borrowing under the revolving credit portion of its subsidiary credit facility; (ii) a $100.0 million equity contribution from MCC; and (iii) available cash. As of June 30, 2006, after giving effect to the redemption, the Company had unused revolving credit commitments of $282.9 million, of which $145.0 million could be borrowed and used for general corporate purposes based on the terms and conditions of the Company’s debt arrangements.

~~Mediacom LLC, a wholly-owned subsidiary of MCC, has a $150.0 million~~Interest ~~preferred~~ Rate ~~equity~~Exchange investment in the Company. The preferred equity investment has a 12% annual dividend, payable quarterly in cash. During the nine months ended September 30, 2003, the Company paid in aggregate $13.5 million in cash dividends on the preferred equity. Agreements

~~(6) Member~~The Company uses interest rate exchange agreements in order to fix the interest rate on its floating rate debt. As of June 30, 2006, the Company had interest rate exchange agreements with various banks pursuant to which the interest rate on $400.0 million is fixed at a weighted average rate of approximately 3.4%. In June 2006, the Company entered into forward interest rate exchange agreements that fixed interest rates at a weighted average of approximately 5.3% on $300.0 million of floating rate debt for three years, commencing on September 29, 2006 and December 29, 2006 in the amounts of $100.0 million and $200.0 million, respectively. These have been accounted for on a mark-to-market basis for the three months ended June 30, 2006. The Company’s ~~Equity~~interest rate exchange agreements are scheduled to expire in the amounts of $250.0 million, $150.0 million and $300.0 million during the years ended December 31, 2006, 2007 and 2009, respectively.

~~During the nine months ended September 30, 2003, the Company paid in~~6. ~~aggregate~~ PREFERRED ~~$9.1 million~~MEMBERS’ ~~in cash dividends to MCC.~~ INTERESTS

7Mediacom LLC, a wholly-owned subsidiary of MCC, has a $150.0 million preferred equity investment in the Company as of June 30, 2006. The preferred equity investment has a 12% annual dividend, payable quarterly in cash. During the three months ended June 30, 2006 and 2005, the Company paid $4.5 million and $4.5 million, respectively, in cash dividends on the preferred equity. During the six months ended June 30, 2006 and 2005, the Company paid $9.0 million and $9.0 million, respectively, in cash dividends on the preferred equity.

~~Table of Contents~~9

~~ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS~~Table of contents

~~The following discussion should be read in conjunction with the Company’s~~MEDIACOM ~~unaudited~~ BROADBAND ~~consolidated~~LLC ~~financial~~AND ~~statements as of and for the three and nine months ended September 30, 2003 and 2002 and with the Company’s annual report on Form 10-K for the year ended December 31, 2002.~~ SUBSIDIARIES

~~General~~NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

~~Approximately 81~~7.~~4% of the Company’s revenues for the three months ended~~ ~~September 30, 2003 are attributable to video revenues from monthly subscription fees charged to customers for the Company~~ MEMBERS’s core cable television services (including basic, expanded basic and analog premium programming and digital cable television programming services, wire maintenance, equipment rental, services to commercial establishments), pay-per-view charges, installation and reconnection fees, late payment fees, and other ancillary revenues. Data revenues from high-speed Internet access service and advertising revenues represent 12.3% and 6.3% of the Company’s revenues, respectively. Franchise fees charged to customers for payment to local franchising authorities are included in their corresponding revenue category. EQUITY

~~The Company’s operating expenses consist of service costs and selling,~~On ~~general and administrative expenses directly attributable to its cable systems.~~ June ~~Service costs include fees paid to programming suppliers~~ 29, ~~expenses related to wages and salaries of technical personnel~~2006, ~~high-speed~~MCC ~~Internet~~made ~~access~~a ~~costs and plant operating costs~~$3.0 ~~Programming~~million ~~costs~~equity ~~have~~contribution ~~historically increased at rates in excess of inflation primarily due~~ to ~~increases in~~ the ~~rates charged for existing programming services and to the introduction of new programming services to the~~ Company~~’s basic subscribers~~. ~~Under~~On ~~the Federal Communication~~June ~~Commission’s~~ 29, ~~existing cable rate regulations~~2006, the Company ismade ~~allowed~~a to$172.5 ~~increase~~ million distribution ~~its~~as ~~rates~~a ~~for~~return ~~cable~~of ~~television~~capital ~~services~~ to ~~more~~MCC that ~~than cover any~~was ~~increases~~ financed inwith ~~programming.~~a ~~However,~~drawdown ~~competitive~~on ~~conditions or other factors in~~ the ~~marketplace~~revolving ~~may~~credit ~~limit~~portion ~~the~~of ~~Company’s ability to increase~~ its ~~rates.~~subsidiary ~~Selling,~~ credit ~~general~~facility and ~~administrative~~available ~~expenses include wages and salaries for~~cash. ~~customer service and administrative personnel, franchise fees and expenses~~ In ~~related to billing~~ addition, ~~marketing,~~the ~~bad~~Company ~~debt,~~paid ~~advertising~~dividends ~~and~~of ~~office administration~~$43. ~~Management~~3 ~~fee~~million ~~expense~~to ~~reflects~~MCC ~~charges~~primarily ~~incurred~~to ~~under the Company~~fund MCC’s ~~management~~ ~~agreements~~common ~~with~~stock ~~its~~repurchase ~~parent, Mediacom Communications Corporation (“MCC”)~~program.

~~Actual Results of Operations~~8. SHARE-BASED COMPENSATION

~~Selected~~Effective January ~~Operating~~1, ~~Data~~2006, the Company adopted SFAS No. ~~The~~123(R) ~~table~~using ~~below~~the ~~provides~~modified prospective ~~selected~~method. ~~operating~~SFAS ~~data~~No. 123(R) revises SFAS No. 123, “Accounting for Stock-Based Compensation” (SFAS No. 123) and supersedes Accounting Principles Board (“APB”) Opinion No. 25, “Accounting for Stock Issued to Employees” (APB No. 25). SFAS No. 123(R) requires the cost of all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements based on their fair values at the grant date, or the date of later modification, over the requisite service period. In addition, SFAS 123(R) requires unrecognized cost, based on the amounts previously disclosed in the Company’s ~~cable~~pro ~~systems.~~forma footnote disclosure, related to options vesting after the date of initial adoption to be recognized in the financial statements over the remaining requisite service period. All share-based payments are in the form of equity securities of MCC.

	September 30,		September 30,
	2003		2002
Basic subscribers		821,000		835,000
Digital customers		239,000		233,000
Data customers		148,000		100,000

Under this method, prior periods are not restated and the amount of compensation cost recognized includes (i) compensation cost for all share-based payments granted prior to, but not yet vested as of January 1, 2006, based on the grant date fair value estimated in accordance with the provisions of SFAS No. 123, and (ii) compensation cost for all share-based payments granted subsequent to January 1, 2006, based on the grant date fair value estimated in accordance with the provisions of SFAS No. 123(R). The Company uses the Black-Scholes option pricing model which requires extensive use of accounting judgment and financial estimates, including estimates of the expected term employees will retain their vested stock options before exercising them, the estimated volatility of the Company’s stock price over the expected term, and the number of options that will be forfeited prior to the completion of their vesting requirements. Application of alternative assumptions could produce significantly different estimates of the fair value of share-based compensation and consequently, the related amounts recognized in the consolidated statements of operations. The provisions of SFAS No. 123(R) apply to new stock awards and stock awards outstanding, but not yet vested, on the effective date. In March 2005, the SEC issued Staff Accounting Bulletin (“SAB 107”) relating to SFAS No. 123(R). The Company has applied the provisions of SAB No. 107 in its adoption.

8Impact of the Adoption of SFAS 123(R)

~~Table~~Upon adoption of ~~Contents~~SFAS 123(R), the Company recognizes share-based compensation expenses associated with share awards on a straight-line basis over the requisite service period using the fair value method. The incremental share-based compensation expense recognized due to the adoption of SFAS 123(R) was $0.1 million for the three months ended June 30, 2006 and $0.4 million for the six months ended June 30, 2006. Compensation cost related to restricted stock units was recognized before the implementation of SFAS No. 123(R). Results for prior periods have not been restated.

~~Three~~Total share-based ~~Months~~compensation ~~Ended~~for ~~September 30,~~the ~~2003~~three ~~Compared~~and tosix ~~Three~~months ~~Months~~periods ~~Ended September~~ ended June 30, ~~2002~~ 2006, were as follows (amounts in thousands):

Revenues. Revenues increased by 6.2% to $137.2 million for the three months ended September 30, 2003, as compared to $129.2 million for the three months ended September 30, 2002. Revenues by service offering were as follows (dollars in millions):

	Three Months Ended			Six Months Ended
	June 30,			June 30,
	2006			2006
Share-based compensation expense by type of award:
Employee stock options	$ 105			$ 222
Employee stock purchase plan		(13	)		110
Restricted stock units		95			156

Total share-based compensation expense	$	187		$	488

	Three Months Ended
	September 30,
	2003					2002
			% of					% of
	Amount		Revenues			Amount		Revenues
Video	$	111.7		81.4	%	$	109.1		84.4	%
Data		16.9		12.3	%		11.6		9.0
Advertising		8.6		6.3	%		8.5		6.6
	$	137.2		100.0	%	$	129.2		100.0	%

As required by SFAS No. 123(R), the Company made an estimate of expected forfeitures and is recognizing compensation costs only for those equity awards expected to vest. The cumulative effect of initially adopting SFAS No. 123(R) was not material. The total future compensation cost related to unvested share-based awards that are expected to vest was $1.0 million as of June 30, 2006, which will be recognized over a weighted average period of 1.9 years.

Video revenues increased by 2.4% to $111.7 million for the three months ended September 30, 2003, as compared to $109.1 million for the three months ended September 30, 2002. Video revenues increased primarily due to basic rate increases largely associated with programming rate increases, partially offset by a decline in basic subscribers and a reduction in analog premium service units. 10

~~Data revenues increased by 45.7% to $16.9 million for the three months~~Table ~~ended September 30, 2003, as compared to $11.6 million for the three months~~ of ~~ended September 30, 2002. Data revenues increased due to customer growth in the Company’s high-speed Internet access service.~~ contents

MEDIACOM BROADBAND LLC AND SUBSIDIARIES

~~Advertising revenues increased by 1.2% to $8.6 million for the three~~NOTES ~~months~~ TO ~~ended~~CONSOLIDATED ~~September 30,~~FINANCIAL ~~2003, as compared to $8.5 million for the three months ended September 30, 2002. Advertising revenues increased primarily due to an improvement in local advertising markets.~~ STATEMENTS

~~Service costs. Service costs increased 4.8% to $52.6 million for the~~Pro ~~three~~ forma ~~months~~Information ~~ended September 30, 2003, as compared to $50.2 million~~ for ~~the three~~Periods ~~months~~Prior ~~ended September 30, 2002. Service costs increased primarily due~~ to ~~greater provisioning and technical support expenses related to customer growth in~~ the ~~Company’s~~Adoption high-speed Internet access service and higher basic programming expenses for existing basic services. These increases were partially offset by lower programming costs related to a decline in basic subscribers and analog premium service units. As a percentage of ~~revenues, service~~SFAS ~~costs were 38~~No.~~3% for the three months ended September 30, 2003, as~~ ~~compared with 38.9% for the three months ended September 30, 2002.~~ 123(R)

~~Selling~~Prior to January 1, ~~general~~2006, ~~and~~the ~~administrative~~Company ~~expenses.~~accounted ~~Selling,~~for ~~general~~share-based ~~and~~compensation in ~~administrative~~ accordance ~~expenses~~with ~~increased~~APB 12No.6% to25, ~~$30.3 million~~as ~~for~~permitted ~~the~~by ~~three~~SFAS ~~months ended~~No. ~~September 30~~123, ~~2003,~~and asaccordingly ~~compared~~did not torecognize ~~$26.9 million~~compensation expense for ~~the~~stock ~~three~~options ~~months ended~~with ~~September 30,~~an ~~2002.~~exercise ~~This~~price equal ~~was~~to ~~primarily~~or asgreater athan ~~result~~the ofmarket ~~increases~~price inof ~~bad debt~~the ~~expense,~~underlying ~~taxes,~~stock ~~fees~~at ~~and~~the ~~marketing expenses~~date of grant. AsHad athe ~~percentage~~fair ~~of revenues,~~value ~~selling,~~method ~~general~~prescribed ~~and~~by ~~administrative~~SFAS ~~expenses~~No. ~~were~~123 ~~22.1%~~been ~~for~~applied, the ~~three~~ effect ~~months~~on ~~ended~~net ~~September 30,~~loss ~~2003,~~would ashave ~~compared~~been ~~with~~as ~~20.8%~~follows for the three months ended ~~September~~ June 30, ~~2002.~~ 2005 (dollars in thousands):

Management fee expense. Management fee expense increased 33.3% to $2.4 million for the three months ended September 30, 2003, as compared to $1.8 million the three months ended September 30, 2002. This increase reflects greater overhead costs charged by MCC during the three month period ended September 30, 2003. As a percentage of revenues, management fee expense was 1.7% for the three months ended September 30, 2003, as compared with 1.4% for the three months ended September 30, 2002.

	Three Months Ended			Six Months Ended
	June 30,			June 30,
	2005			2005

Net income as reported	$	4,047		$	10,315
Add: Total share-based compensation expense
included in net income as reported above		64			90
Deduct: Total share-based compensation expense determined
under fair value based method for all awards		(205	)		(477	)
Pro forma net income	$	3,906		$	9,928

~~Depreciation and amortization. Depreciation and amortization decreased~~Valuation 9.7% to $25.0 million for the three months ended September 30, 2003, as compared to $27.7 million for the three months ended September 30, 2002. The decrease was due to changes in the estimated useful lives of the Company’s cable systems and equipment in conjunction with its recently completed network upgrade and rebuild program. These changes reduced depreciation Assumptions

9As required by SFAS No. 123(R), the Company estimated the fair value of stock options using the Black-Scholes valuation model and the straight-line attribution approach with the following weighted average assumptions:

	Employee Stock Option Plans						Employee Stock Purchase Plans
	Three and Six Months Ended						Three and Six Months Ended
	June 30,						June 30,
	2006			2005			2006			2005

Dividend yield		0	%		0	%		0	%		0	%
Expected volatility		56.0	%		45.0	%		33.0	%		45.0	%
Risk free interest rate		4.7	%		3.9	%		4.8	%		3.7	%
Expected option life (in years)		4.3			6.0			0.5			0.5
Forfeiture rate		14.0	%		14.0	%		-			-

byMCC does not ~~$11~~expect to declare dividends.~~1 million~~ ~~for~~Expected volatility is based on a combination of implied and historical volatility of MCC’s Class A common stock. The Company used historical data and other factors to estimate the ~~three~~option life of the share-based payments granted. For the six months ended ~~September~~ June 30, ~~2003~~2006, ~~offset~~the Company elected the simplified method in ~~part by~~accordance ~~increased~~with ~~depreciation~~SAB ~~for~~107 to estimate the option ~~Company’s~~life ~~ongoing~~of ~~investments~~share-based inawards. ~~its~~The ~~cable~~risk free interest rate is based on ~~systems~~ the U.S. ~~See~~Treasury ~~Note~~yield 2in toeffect at the ~~Company’s~~date ~~consolidated~~of ~~financial statements~~grant. The forfeiture rate is based on trends in actual option forfeitures.

Interest expense, net. Interest expense, net, increased 7.3% to $20.5 million for the three months ended September 30, 2003, as compared to $19.1 million for the three months ended September 30, 2002. This was primarily due to an increase in the aggregate notional amount of the Company’s interest rate exchange agreements from $250.0 million as of September 30, 2002 to $500.0 million as of September 30, 2003 and an increase in average indebtedness, offset in part by lower market interest rates during the three months ended September 30, 2003, as compared to the three months ended September 30, 2002. The average fixed interest rate the Company paid under its interest rate exchange agreements was higher than variable market interest rates paid by the Company under its bank credit facilities for the three months ended September 30, 2003 and 2002. 11

~~Gain (loss) on derivative instruments, net. Gain on derivative~~Table ~~instruments, net, was $5.4 million for the three months ended September 30, 2003, as compared to a loss on derivative instruments, net~~ of ~~$11.1 million for~~ the three months ended September 30, 2002. This was primarily due to an increase in market interest rates during the three months ended September 30, 2003, as compared to a decline in market interest rates during the three months ended September 30, 2002. contents

~~Other expenses. Other expenses were $1.9~~ ~~million for the three months~~MEDIACOM ~~ended~~ BROADBAND ~~September 30,~~LLC ~~2003,~~AND as compared to $1.2 million for the three months ended September 30, 2002. Other expenses primarily represent amortization of deferred financing costs and fees on unused credit commitments, and for the three months ended September 30, 2003 also included a $0.6 million loss on sales of cable television systems. SUBSIDIARIES

~~Net income. Due to the factors described above, the Company generated net~~NOTES ~~income~~ TO ofCONSOLIDATED ~~$10.0 million~~FINANCIAL ~~for the three months ended September 30, 2003, as compared to a net loss of $8.7 million for the three months ended September 30, 2002.~~ STATEMENTS

~~Nine Months Ended September 30, 2003 Compared to Nine Months Ended~~Stock ~~September 30,~~ Option ~~2002~~ Plan

~~Revenues.~~In April 2003, ~~Revenues~~MCC’s ~~increased~~Board byof ~~7.8%~~Directors toadopted ~~$409.5 million~~MCC’s ~~for~~2003 Incentive Plan, or the ~~nine~~“2003 ~~months~~ Plan,” ~~ended~~which ~~September 30,~~amended and restated MCC’s 1999 Stock Option Plan and incorporated into the 2003, asPlan ~~compared~~options tothat ~~$379.8 million~~were ~~for~~previously granted outside the ~~nine~~1999 Stock ~~months~~ Option ~~ended~~Plan. ~~September 30,~~The ~~2002.~~2003 ~~Revenues~~Plan was approved by ~~service~~MCC’s ~~offering~~stockholders ~~were~~in asJune ~~follows~~2003. The ~~(dollars~~ 2003 Plan provides for the grant of incentive stock options, nonqualified stock options, restricted shares, and other share-based awards, in ~~millions):~~addition to annual incentive awards.

	Nine Months Ended
	September 30,
	2003					2002
			% of					% of
	Amount		Revenues			Amount		Revenues
Video	$	337.7		82.5	%	$	323.3		85.1	%
Data		46.7		11.4			32.3		8.5
Advertising		25.1		6.1			24.2		6.4
	$	409.5		100.0	%	$	379.8		100.0	%

The following table summarizes the activity of the 2003 Plan for the six months ended June 30, 2006:

Video revenues increased by 4.5% to $337.7 million for the nine months ended September 30, 2003, as compared to $323.3 million for the nine months ended September 30, 2002. Video revenues increased primarily due to basic rate increases largely associated with programming rate increases and to customer growth in the Company’s digital cable services, partially offset by a decline in basic subscribers and a reduction in analog premium service units.

						Weighted Average
						Remaining
						Contractual
				Weighted Average		Term
	Shares			Exercise Price		(in years)
Outstanding at January 1, 2006		508,425		$	10.56
Granted		30,000			5.66
Exercised		-			-
Forfeited		(6,635	)		11.96
Expired		-			-
Outstanding at June 30, 2006		531,790		$	10.22		6.0

Exercisable at June 30, 2006		351,392		$	11.08		6.0

~~Data~~The weighted ~~revenues~~average ~~increased~~fair byvalue ~~44.6%~~at tothe ~~$46.7 million~~date ~~for~~of ~~the~~grant ~~nine~~of ~~months ended~~a ~~September 30,~~Class ~~2003,~~A ascommon ~~compared~~stock option togranted ~~$32.3 million~~under ~~for~~ the ~~nine~~2003 ~~months ended~~Plan ~~September 30,~~during ~~2002.~~the ~~Data~~six ~~revenues~~months ~~increased~~ended ~~due~~June to30, ~~customer growth in~~2006 ~~the~~ and 2005 ~~Company’s~~was ~~high-speed~~$5.66 ~~Internet~~and ~~access~~$5.42, ~~service~~respectively.

10The following table summarizes information concerning stock options outstanding as of June 30, 2006:

Options Outstanding

Options Exercisable

Weighted

Average

Range of

Number of

Remaining

Weighted

Aggregate

Number of

Remaining

Weighted

Aggregate

Exercise

Shares

Contractual

Average

Intrinsic Value

Shares

Contractual

Average

Intrinsic Value

Prices

Outstanding

Life

Exercise Price

(in thousands)

Outstanding

Life

Exercise Price

(in thousands)

$5.00 - $11.96

531,790

6.0

10.22

351,392

6.0

11.08

~~Advertising~~The aggregate ~~revenues~~intrinsic ~~increased~~value byin ~~3.7%~~the totable ~~$25.1 million~~above ~~for~~represents the ~~nine~~total pre-tax ~~months~~ intrinsic ~~ended September 30~~value, ~~2003,~~based ason ~~compared~~MCC's toaverage stock price of $246.~~2 million~~11 per share ~~for~~during the ~~nine~~ six months ended ~~September~~ June 30, ~~2002.~~2006, ~~Advertising~~which ~~revenues~~would ~~increased~~have ~~primarily~~been ~~due~~received to by anthe ~~improvement~~option inholders ~~local~~had ~~and~~all ~~national~~option ~~advertising~~holders ~~markets.~~exercised their options as of that date.

Service costs. Service costs increased 2.6% to $160.2 million for the nine months ended September 30, 2003, as compared to $156.1 million for the nine months ended September 30, 2002. Service costs for the nine months ended September 30, 2002 include $3.0 million of incremental costs related to the Company’s transition to its Mediacom Online high-speed Internet access service. Excluding these incremental costs, service costs increased primarily due to greater provisioning and technical support expenses directly related to customer growth in the Company’s high-speed Internet access service, and higher basic programming expenses for existing basic services. These increases were partially offset by lower programming costs related to a decline in basic subscribers and analog premium service units. As a percentage of revenues, service costs were 39.1% for the nine months ended September 30, 2003, as compared with 41.1% for the nine months ended September 30, 2002. 12

~~Selling, general and administrative expenses. Selling, general and~~Table administrative expenses increased 13.3% to $86.9 million for the nine months ended September 30, 2003, as compared to $76.7 million for the nine months ended September 30, 2002. This was primarily as a result of ~~increases in bad~~ debt expense, taxes, fees and marketing expenses. As a percentage of revenues, selling, general and administrative expenses were 21.2% for the nine months ended September 30, 2003, as compared with 20.2% for the nine months ended September 30, 2002. contents

~~Management fee expense. Management fee expense increased 29.4% to $6.6~~MEDIACOM ~~million~~ BROADBAND ~~for~~LLC ~~the~~AND ~~nine~~SUBSIDIARIES months ended September 30, 2003, as compared to $5.1 million the nine months ended September 30, 2002. This increase reflects greater overhead costs charged by MCC during the nine month period ended September 30, 2003. As a percentage of revenues, management fee expense was 1.6% for the nine months ended September 30, 2003, as compared with 1.4% for the nine months ended September 30, 2002.

~~Depreciation and amortization. Depreciation and amortization increased~~NOTES ~~6.4%~~ TO toCONSOLIDATED ~~$88.0 million~~FINANCIAL for the nine months ended September 30, 2003, as compared to $82.7 million for the nine months ended September 30, 2002. The increase is due to the Company’s ongoing investments in its cable systems, offset in part by changes in the estimated useful lives of the Company’s cable systems and equipment in conjunction with its recently completed network upgrade and rebuild program. These changes reduced depreciation by $11.1 million for the nine months ended September 30, 2003. See Note 2 to the Company’s consolidated financial statements. STATEMENTS

~~Interest expense, net. Interest expense, net, increased 9.2% to $62.0~~Restricted ~~million~~ Stock for the nine months ended September 30, 2003, as compared to $56.8 million for the nine months ended September 30, 2002. This was primarily due to an increase in the aggregate notional amount of the Company’s interest rate exchange agreements from $250.00 million as of September 30, 2002 to $500.0 million as of September 30, 2003 and an increase in average indebtedness, offset in part by lower market interest rates during the nine months ended September 30, 2003, as compared to the nine months ended September 30, 2002. The average fixed interest rate the Company paid under its interest rate exchange agreements was higher than variable market interest rates paid by the Company under its bank credit facilities for the nine months ended September 30, 2003 and 2002. Units

~~Loss~~MCC grants onrestricted ~~derivative~~stock ~~instruments,~~units ~~net.~~(“RSUs”) ~~Loss~~to oncertain ~~derivative~~employees ~~instruments,~~and ~~net,~~directors ~~was~~ (“participants”) $2in MCC Class A common stock.~~0 million~~ ~~for~~Awards ~~the~~of ~~nine~~restricted ~~months~~stock ~~ended~~units are ~~September 30,~~valued ~~2003,~~by asreference ~~compared~~to shares of common stock that entitle participants to ~~$12.3 million~~ receive, ~~for~~upon the ~~nine~~settlement ~~months~~of ~~ended~~the ~~September 30~~unit, ~~2002.~~one ~~This~~share ~~was~~of ~~primarily~~common stock for each ~~due~~ unit. toThe aawards ~~smaller~~are ~~decrease~~subject inannual ~~market~~vesting ~~interest~~periods ~~rates~~not ~~during~~exceeding 4 years from the ~~nine~~date ~~months~~of ~~ended~~grant. The Company made estimates of expected forfeitures based ~~September 30,~~ on historic ~~2003,~~voluntary astermination ~~compared~~behaviors and trends of actual RSU forfeitures and is only recognizing compensation costs for equity awards expected to vest. The intrinsic value of outstanding restricted stock units, based on the ~~nine~~MCC’s average stock price of $6.11 per share during the six months ended ~~September~~ June 30, 2006, ~~2002~~is $1. 6 million.

~~Other expenses. Other expenses were $4.2 million for the nine months~~The ~~ended~~ following ~~September 30,~~table ~~2003,~~summarizes ~~as compared to $3.9 million for~~ the ~~nine~~activity ~~months ended September 30, 2002. Other expenses primarily represent amortization~~ of ~~deferred financing~~MCC’s ~~costs~~restricted ~~and~~stock ~~fees~~unit ~~on unused credit commitments, and~~ awards for the ~~nine~~six months ended ~~September~~ June 30, ~~2003 also included a $0.6 million loss on sales of cable television systems.~~ 2006:

Net loss. Due to the factors described above, the Company generated a net loss of $0.4 million for the nine months ended September 30, 2003, as compared to $13.9 million for the nine months ended September 30, 2002.

				Weighted
	Number of Non-Vested			Average Grant
	Share Unit Awards			Date Fair Value
Unvested Awards at January 1, 2006		185,100		$	5.48
Granted		94,700			5.72
Awards Vested		(10,025	)		5.69
Forfeited		(1,875	)		5.70
Unvested Awards at June 30, 2006		267,900		$	5.56

11Employee Stock Purchase Plan

~~Table~~MCC maintains an employee stock purchase plan (“ESPP”). Under the plan, all employees are allowed to participate in the purchase of ~~Contents~~MCC’s Class A common stock at 85% of the lower of the fair market value on the first or last day of each six month offering period which expire in March and September of each year. Shares purchased by employees amounted to 65,840 and 60,657 for the six months ended for June 30, 2006 and 2005, respectively. Compensation expense was not recorded on the distribution of these shares in accordance with APB No. 25 for the six months ended June 30, 2005.

~~Liquidity~~9. COMMITMENTS ~~and~~AND ~~Capital Resources~~ CONTINGENCIES

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

~~Operating~~The Company, ~~Activities~~its subsidiaries, MCC and other affiliated companies are involved in various legal actions arising in the ordinary course of business. In the opinion of management, the ultimate disposition of these matters will not have a material adverse effect on the Company’s consolidated financial position, results of operations, cash flows or business.

~~Net cash flows provided by operating activities were $62~~10.~~8 million and~~ ~~$94.6 million~~ SUBSEQUENT for the nine months ended September 30, 2003 and 2002, respectively. The decrease in net operating cash flows was principally due to an increase in the use of cash for certain working capital accounts for the nine months ended September 30, 2003. EVENTS

~~Investing Activities~~On July 12, 2006, MCC made a $100.0 million equity contribution to the Company.

~~Net~~On July 17, ~~cash~~2006, ~~flows~~the ~~used~~Company inredeemed ~~investing~~all ~~activities~~of ~~were~~the outstanding 11% Notes. The redemption price was $93422.9 0 million consisting of $400.0 million of principal and $~~179~~22.60 million ~~for~~of ~~the~~redemption ~~nine~~premium, ~~months~~as ~~ended~~well ~~September 30,~~as ~~2003~~accrued ~~and~~interest ~~2002,~~of ~~respectively~~$22.2 million. The Company ~~decrease~~funded inthe ~~net~~redemption with: ~~investing~~(i) ~~cash~~a ~~flows~~$335.0 ~~resulted~~million ~~principally~~borrowing under the revolving credit portion of its subsidiary credit facility; (ii) the aforementioned $100.0 million equity contribution from aMCC; ~~reduction~~and (iii) in available ~~capital~~cash. As ~~expenditures~~of June ~~for~~30, 2006, after giving effect to the ~~nine~~redemption, ~~months~~the ~~ended~~Company ~~September 30~~had unused revolving credit commitments of $282.9 million, of ~~2003~~which $145.0 million could be borrowed and used for general corporate purposes based on the terms and conditions of the Company’s debt arrangements.

The Company’s capital expenditures were approximately $102.1 million for the nine months ended September 30, 2003, inclusive of $5.0 million of vehicles purchased and financed under capital leases, as compared to $177.6 million for the nine months ended September 30, 2002. As of September 30, 2003, as a result of our cumulative capital investment in our network upgrade program, approximately 99% of the Company’s cable network was upgraded with 550MHz to 870MHz bandwidth capacity and about 97% of the Company’s homes passed were activated with two-way communications capability. As of September 30, 2003, the Company’s digital cable service was available to approximately 99% of its basic subscribers, and the Company’s high speed Internet access service was marketed to about 96% of the homes passed by its cable systems. 13

~~The Company has recently completed its planned network upgrade program and~~Table ~~expects prospective capital expenditures to consist primarily~~ of ~~the costs of~~ new advanced service installations and equipment, new plant construction and network replacement. The Company expects to invest approximately $125.0 million to $130.0 million in capital expenditures in 2003. contents

~~Financing Activities~~ITEM 2.

~~Net cash flows provided by financing activities were $24.6 million and~~MANAGEMENT’S ~~$34.5 million~~ DISCUSSION ~~for~~AND ~~the~~ANALYSIS nine months ended September 30, 2003, and 2002, respectively. The decrease in net financing cash flows resulted from lower borrowing requirements for the nine months ended September 30, 2003, principally due to the above-mentioned decrease in capital expenditures. OF

~~Mediacom LLC, a wholly-owned subsidiary of MCC, has a $150.0 million~~FINANCIAL ~~preferred~~ CONDITION ~~equity~~AND ~~investment~~RESULTS inOF the Company. The preferred equity investment has a 12% annual dividend, payable quarterly in cash. During the nine months ended September 30, 2003, the Company paid in aggregate $13.5 million in cash dividends on the preferred equity. OPERATIONS

~~During~~The following discussion should be read in conjunction with the ~~nine~~Company’s unaudited consolidated financial statements as of, and for the six months ended, ~~September~~ June 30, 2006 ~~2003~~and 2005, and with the Company’s ~~paid~~annual ~~in aggregate~~report ~~cash~~on ~~dividends~~Form of10-K ~~approximately~~for ~~$9.1 million~~the toyear ended ~~MCC~~December 31, 2005.

The Company’s operating subsidiaries have a $1.4 billion credit facility expiring in September 2010, of which $946.0 million was outstanding as of September 30, 2003. The Company has entered into interest rate exchange agreements, which expire from June 2005 through March 2007, to hedge $500.0 million of floating rate debt. Under the terms of all of the Company’s interest rate exchange agreements, the Company is exposed to credit loss in the event of nonperformance by the other parties of the interest exchange agreements. However, the Company does not anticipate their nonperformance. As of September 30, 2003, about 67% of the Company’s outstanding indebtedness was at fixed interest rates or subject to interest rate protection. Overview

12We are a wholly-owned subsidiary of Mediacom Communications Corporation (“MCC”). Through our interactive broadband network, we provide our customers with a wide array of broadband products and services, including video services, such as video-on-demand (“VOD”), high-definition television (“HDTV”), digital video recorders (“DVRs”), high-speed data access (“HSD”) and phone service. Where our phone service is available, we offer triple play bundles of video, HSD, and voice. Bundled products and services offer our subscribers a single provider contact for provisioning, billing and customer care.

~~Table~~As of June 30, 2006, our cable systems passed an estimated 1.5 million homes and served 756,000 basic video subscribers. We provide digital video services to 286,200 customers, representing a penetration of ~~Contents~~37.9% of our basic subscribers. We also currently provide HSD to 285,000 customers, representing a penetration of 19.5% of our estimated homes passed. We introduced phone service during the second quarter of 2005 and marketed and provided service to 1.3 million estimated homes passed and 49,000 customers, respectively, as of June 30, 2006.

AsAdjusted operating ofincome ~~September 30,~~before ~~2003,~~depreciation ~~the~~and ~~Company’s~~amortization ~~total~~(“Adjusted ~~debt~~OIBDA”) ~~was~~noted below ~~$1.35 billion,~~represents ~~it had~~operating ~~unused~~income ~~credit~~before ~~commitments~~depreciation ofand ~~about~~amortization ~~$446~~and non-cash share-based compensation charges.~~2 million~~ ~~under~~Adjusted ~~its~~OIBDA ~~bank~~is ~~credit~~not a financial ~~facility~~ measure ~~and~~calculated ~~its~~in ~~annualized~~accordance ~~cost~~with ofgenerally ~~debt~~accepted ~~capital~~accounting ~~was~~principles (“GAAP”) ~~approximately~~in 6the United States of America.~~3%.~~ OnHowever, Adjusted OIBDA is one of the ~~such~~ primary ~~date,~~measures ~~approximately~~used ~~$295.9 million~~by ~~could~~management beto ~~borrowed~~evaluate our performance and ~~used~~to forecast future results. We believe Adjusted OIBDA is useful for ~~general corporate~~investors ~~purposes~~because ~~under~~it enables ~~the~~them ~~most~~to ~~restrictive~~assess ~~covenants~~our performance in a manner similar to the ~~Company’s~~method ~~debt~~used ~~arrangements.~~ by management, Asand ofprovides ~~September 30,~~a ~~2003~~measure that can be used to analyze, ~~the~~value ~~Company~~and compare ~~was~~our performance with other companies in ~~compliance~~our ~~with~~business, ~~all~~although our ~~covenants~~ measure ~~under~~may ~~its~~not ~~debt~~be ~~arrangements~~directly comparable to similar measures used by other companies. In addition, our debt agreements use Adjusted OIBDA in their covenant calculations.

~~Although~~Limitations of ~~the~~this ~~Company~~measure, ~~has~~however, ~~not~~are ~~generated~~that ~~earnings~~it ~~sufficient~~excludes todepreciation ~~cover~~and ~~fixed charges~~amortization, which represents the ~~Company~~periodic ~~has~~costs ~~generated~~of ~~cash~~certain ~~and~~capitalized ~~obtained~~tangible ~~financing sufficient to~~and ~~meet~~ intangible ~~its~~assets ~~short-term~~used ~~requirements,~~in ~~including~~generating ~~its~~revenues ~~debt~~in ~~service~~our business, ~~working~~and ~~capital~~non-cash, ~~and~~ share-based ~~capital~~compensation ~~expenditures~~charges. ~~The~~Therefore, ~~Company~~Adjusted ~~expects~~OIBDA ~~that~~should itnot ~~will continue to~~ be ~~able~~ to regarded ~~generate~~as ~~funds~~a ~~and~~substitute ~~obtain~~for ~~financing~~operating ~~sufficient~~income, tonet ~~meet~~income ~~its~~(loss), ~~long-term business~~or ~~plan,~~net ~~service~~cash flows ~~the~~provided ~~Company’s~~from ~~debt~~operating ~~obligations~~activities, ~~and~~or ~~complete~~other ~~its~~measures ~~future~~of performance ~~acquisitions.~~ or liquidity ~~However,~~we ~~there~~have ~~can~~reported bein noaccordance ~~assurance~~with ~~that~~GAAP. ~~the~~We ~~Company~~believe ~~will~~that ~~be able~~operating to income ~~obtain~~is ~~sufficient~~the ~~financing,~~most ~~or,~~directly ifcomparable itGAAP ~~were~~financial ~~able~~measure to doAdjusted ~~so,~~OIBDA. Refer ~~that~~to ~~the~~Note ~~terms~~8 ~~would~~ of beour financial ~~favorable~~statements tofor ~~the~~more ~~Company.~~information on non-cash, share-based compensation costs.

~~Critical Accounting Policies~~ 14

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

~~The Company believes the following represent the most significant and~~Actual ~~subjective~~ Results ~~estimates used in the preparation~~ of ~~the Company’s consolidated financial statements:~~ Operations

~~Property~~Three Months Ended June 30, ~~Plant~~2006 ~~and~~compared ~~Equipment~~to Three Months Ended June 30, 2005

~~In accordance with Statement of Financial Accounting Standards (‘SFAS”)~~The ~~No. 51,~~ following ~~“Financial~~table ~~Reporting~~sets byforth ~~Cable Television Companies,”~~ the ~~Company capitalizes~~unaudited aconsolidated ~~portion~~statements of ~~direct~~operations for ~~and indirect costs related to~~ the ~~construction, replacement~~three ~~and~~months ~~installation~~ended ofJune ~~property~~30, ~~plant~~2006 and ~~equipment,~~2005 ~~including certain~~(dollars ~~costs~~in ~~related~~thousands ~~to new video~~ and ~~new high-speed Internet subscriber~~ ~~installations.~~ percentage ~~Capitalized~~changes ~~costs~~that are ~~recorded~~not asmeaningful ~~additions to property, plant and equipment and depreciated over the life of the related assets. The Company performs periodic evaluations of the estimates used to determine the amount of costs that~~ are ~~capitalized.~~ marked NM):

Impairment of Long-Lived Assets

	Three Months Ended
	June 30,
	2006			2005			$ Change			% Change

Revenues	$	169,769		$	154,293		$	15,476			10.0	%

Costs and expenses:
Service costs		66,620			58,669			7,951			13.6	%
Selling, general and administrative expenses		36,520			34,957			1,563			4.5	%
Management fee expense		2,948			3,083			(135	)		(4.4	%)
Depreciation and amortization		27,286			28,206			(920	)		(3.3	%)
Operating income		36,395			29,378			7,017			23.9	%

Interest expense, net		(27,846	)		(23,404	)		(4,442	)		19.0	%
Loss on early extinguishment of debt		(2,908	)		-			(2,908	)		NM
Gain (loss) on derivatives, net		420			(916	)		1,336			NM
Other expense		(1,511	)		(1,011	)		(500	)		49.5	%
Net income	$	4,550		$	4,047		$	503			12.4	%

The following ~~Company~~represents ~~follows~~a ~~the~~reconciliation ~~provisions~~ of ~~SFAS~~Adjusted ~~No. 144,~~OIBDA ~~“Accounting~~to ~~for~~operating ~~the~~income, ~~Impairment~~ which oris ~~Disposal of Long-Lived Assets.” SFAS No. 144 addresses financial accounting and reporting for~~ the ~~impairment~~most ordirectly ~~disposal~~comparable ofGAAP ~~long-lived~~measure ~~assets and~~(dollars ~~provides~~in ~~guidance~~thousands ~~on classification~~ and ~~accounting for such assets when~~ ~~held~~ percentage ~~for sale or abandonment. There have been no~~ changes ~~in the Company’s circumstances~~ that ~~would~~are ~~indicate~~not ~~that~~meaningful ~~the~~are ~~Company~~marked ~~would~~NM ~~need to perform an impairment review.~~ ):

Goodwill and Other Intangible Assets

	Three Months Ended
	June 30,
		2006			2005			$ Change		% Change

Adjusted OIBDA	$	63,868		$	57,648		$	6,220		10.8	%
Non-cash, share-based compensation charges		(187	)		(64	)		(123	)	NM
Depreciation and amortization		(27,286	)		(28,206	)		920		(3.3	%)
Operating income	$	36,395		$	29,378		$	7,017		23.9	%

Effective January 1, 2002, the Company adopted SFAS No. 142, “Goodwill and Other Intangible Assets.” The provisions of SFAS No. 142 prohibit the amortization of goodwill and indefinite-lived intangible assets and require such assets to be tested annually for impairment, or more frequently if impairment indicators arise. The Company has determined that its cable franchise costs are indefinite-lived assets. The Company’s annual impairment tests, performed as of September 30, 2002, determined that there was no impairment of goodwill or indefinite-lived intangible assets. There have been no events since then that would require an analysis to be completed before the annual test date. 15

13Table of contents

~~Table of Contents~~Revenues

~~Recent~~The following ~~Accounting~~table ~~Pronouncements~~sets forth revenues and selected subscriber, customer and average monthly revenue statistics for the three months ended June 30, 2006 and 2005 (dollars in thousands, except per subscriber and customer data and percentage changes that are not meaningful are marked NM):

The Financial Accounting Standards Board (“FASB”) issued SFAS No. 143, “Accounting for Asset Retirement Obligations,” in June 2001. SFAS No. 143 addresses financial accounting and reporting for obligations associated with the retirement of tangible long-lived assets and the associated asset retirement costs. The Company adopted SFAS No. 143 on January 1, 2003, and such adoption did not have a material impact on the Company’s financial condition or results of operations.

	Three Months Ended
	June 30,
	2006		2005		$ Change			% Change
Video	$	122,584	$	117,618	$	4,966			4.2	%
Data		31,951		26,612		5,339			20.1	%
Phone		4,418		-		4,418			NM
Advertising		10,816		10,063		753			7.5	%
	$	169,769	$	154,293	$	15,476			10.0	%


		Three Months Ended
		June 30,				Increase
		2006		2005		(Decrease)			% Change
Basic subscribers		756,000		776,000		(20,000	)		(2.6	%)
Data customers		285,000		235,000		50,000			21.3	%
Phone customers		49,000		-		49,000			NM
Average monthly video revenue per basic subscriber ⁽¹⁾	$	53.49	$	50.15	$	3.34			6.7	%
Average monthly data revenue per data customer⁽²⁾	$	37.70	$	38.48	$	(0.78	)		(2.0	%)

~~In April~~(1) ~~2003, the FASB issued SFAS No. 149, “Amendment of Statement 133~~Average on monthly ~~Derivative~~video ~~Instruments~~revenue ~~and~~per ~~Hedging~~basic ~~Activities.”~~subscriber SFAS No. 149 amends and clarifies financial accounting and reporting for derivative instruments, including certain derivative instruments embedded in other contracts and for hedging activities under SFAS No. 133, “Accounting for Derivative Instruments and Hedging Activities.” In general, SFAS No. 149 is ~~effective~~calculated ~~for~~based ~~contracts entered into or modified after June 30, 2003 and for hedging relationships designated after June 30, 2003. The company adopted SFAS No. 149~~ on ~~July 1,~~average ~~2003,~~ monthly ~~and~~video ~~such~~revenue ~~adoption~~divided ~~did~~by ~~not have a material impact on~~ the ~~Company’s financial~~average ~~condition~~number orof ~~results~~basic ofsubscribers ~~operations.~~for the quarter.

~~In May~~(2) ~~2003, the FASB issued SFAS No. 150, “Accounting for Certain~~Average ~~Financial~~ monthly ~~Instruments~~data ~~with~~revenue ~~Characteristics~~per ofdata ~~both~~customer ~~Liabilities~~is ~~and~~calculated ~~Equity.” SFAS~~based ~~No. 150~~on ~~establishes~~average ~~standards for how an issuer classifies and measures in~~monthly ~~its~~ data ~~statement~~revenue ofdivided ~~financial~~by ~~position~~the ~~certain~~average ~~financial~~number ~~instruments with characteristics~~ of ~~both~~data ~~liabilities~~customers ~~and equity. In accordance with SFAS No. 150, certain financial instruments that embody obligations~~ for the ~~issuer are~~ ~~required to be classified as liabilities~~ quarter. SFAS No. 150 is effective for financial instruments entered into or modified after May 31, 2003, and otherwise shall be effective at the beginning of the first interim period beginning after June 15, 2003. The Company adopted SFAS No. 150 on July 1, 2003, and such adoption did not have a material impact on the Company’s financial condition or results of operations.

~~Inflation~~Video revenues represent monthly subscription fees charged to customers for our core cable television products and ~~Changing~~services ~~Prices~~(including basic, expanded basic and digital cable programming services, wire maintenance, equipment rental and services to commercial establishments), pay-per-view charges, installation, reconnection, and late payment fees, and other ancillary revenues. Data revenues primarily represent monthly fees charged to customers, including commercial establishments, for our data products and services and equipment rental fees. Franchise fees charged to customers for payment to local franchising authorities are included in their corresponding revenue category. Phone revenues represent monthly fees charged to our customers for our phone service. Advertising revenues represent the sale of advertising time on various channels.

~~The~~Revenues rose ~~Company’s~~10.0%, ~~systems’~~largely ~~costs~~attributable ~~and expenses are subject~~ to ~~inflation~~growth ~~and price fluctuations. Such changes~~ in ~~costs~~our data and ~~expenses~~phone ~~can generally be passed~~customers ~~through~~ and higher tovideo ~~subscribers. Programming costs have historically increased at~~ rates in ~~excess of inflation~~ and ~~are~~service ~~expected to continue to do so~~fees. ~~The~~As ~~Company believes~~of ~~that~~June ~~under~~30, ~~the~~2006, ~~Federal~~and ~~Communications~~within ~~Commission’s~~a ~~existing cable rate~~year ~~regulations~~ of the ~~Company~~launch ~~may~~of ~~increase~~our ~~rates~~phone ~~for~~service, ~~cable~~we ~~television~~were ~~services~~marketing ~~to more~~this ~~than~~new ~~cover~~product ~~any~~to ~~increases in programming. However, competitive conditions~~about ~~and~~ 90% of ~~other factors in~~ the ~~marketplace~~estimated ~~may~~homes ~~limit~~in ~~the~~our ~~Company’s ability to increase its rates~~markets.

14Video revenues increased 4.2% as a result of basic rate increases applied on our video subscribers and higher service fees from our advanced video products and services. Average monthly video revenue increased 6.7% per basic subscriber. During the three months ended June 30, 2006, we lost 15,800 subscribers, compared to a loss of 11,500 during the same period last year. Digital customers increased 20,000 to 286,200 when compared to the same period last year.

~~Table~~Data revenues rose 20.1%, primarily due to a 21.3% year-over-year increase in data customers. Average monthly data revenue per data customer of ~~Contents~~$37.67 decreased 2.0% from the prior year period as a result of promotional offers during 2005, but increased 0.78% sequentially from $37.42 in the first quarter of 2006 due to the expiration of these promotions.

~~ITEM~~As of June 30, 2006, Mediacom Phone was marketed to approximately 1.3 million of our 1.46 ~~QUANTITATIVE~~million ~~AND~~estimated ~~QUALITATIVE~~homes ~~DISCLOSURES~~passed ~~ABOUT~~and ~~MARKET~~served ~~RISK~~49,000 customers. Phone revenues grew 52.2% from the previous quarter to $4.4 million.

~~In the normal course of business, the Company uses interest rate exchange~~Advertising ~~agreements~~ revenues inincreased ~~order to fix the interest rate on its floating rate debt~~7. ~~As of September 30~~5%, ~~2003, the Company had interest rate exchange agreements with~~ ~~various~~ largely ~~banks~~as ~~pursuant to which the interest rate on $500.0 million is fixed at~~ a ~~weighed~~result ~~average rate~~ of ~~approximately~~stronger ~~3.4%,~~local ~~plus~~advertising ~~the average applicable margin over the eurodollar rate option under the Company’s bank credit agreements~~sales. Under the terms of the interest rate exchange agreements, which expire from 2005 through 2007, the Company is exposed to credit loss in the event of nonperformance by the other parties. However, the Company does not anticipate nonperformance by the other parties. At September 30, 2003, based on the mark-to-market valuation, the Company would have paid approximately $17.0 million if it terminated these agreements, inclusive of accrued interest.

The table below provides the expected maturity and estimated fair value of the Company’s debt as of September 30, 2003 (dollars in thousands). See Note 4 to the Company’s unaudited consolidated financial statements. 16

				Bank Credit			Capital Lease
	Senior Notes			Facilities			Obligations			Total
Expected Maturity:
October 1, 2003 to September 30, 2004	$	—		$	4,250		$	1,101		$	5,351
October 1, 2004 to September 30, 2005		—			30,500			1,133			31,633
October 1, 2005 to September 30, 2006		—			40,625			1,169			41,794
October 1, 2006 to September 30, 2007		—			59,375			789			60,164
October 1, 2007 to September 30, 2008		—			65,000			—			65,000
Thereafter		400,000			746,250			—			1,146,250
Total	$	400,000		$	946,000		$	4,192		$	1,350,192
Fair Value	$	422,604		$	946,000		$	4,192		$	1,372,796
Weighted Average Interest Rate		11.0	%		3.4	%		3.1	%		5.7	%

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15Costs and Expenses

~~Table~~Service costs include: programming expenses; employee expenses related to wages and salaries of ~~Contents~~technical personnel who maintain our cable network, perform customer installation activities, and provide customer support; data costs, including costs of bandwidth connectivity and customer provisioning; and field operating costs, including outside contractors, vehicle, utilities and pole rental expenses. Programming expenses, which are generally paid on a per subscriber basis, have historically increased due to both increases in the rates charged for existing programming services and the introduction of new programming services to our customers.

~~ITEM~~Service costs 4rose 13.6%, ~~CONTROLS~~primarily ~~AND~~due ~~PROCEDURES~~to increases in programming and employee expenses and customer growth in phone and HSD services. Programming expense, the largest component of service costs, increased 76.0%, principally as a result of higher unit costs charged by our programming vendors, offset in part by a lower number of basic subscribers. Recurring expenses related to our phone and HSD services grew 49.2% commensurate with the significant increase inof customers. Personnel costs grew by 28.0%, due largely to lower capitalization related to customer installation activity expenses. Service costs as a percentage of revenues were 39.2% and 38.0% for the three months ended June 30, 2006 and 2005, respectively.

~~Mediacom~~Selling, general ~~Broadband~~and ~~LLC~~administrative expenses include: wages and salaries for our call centers, customer service and support and administrative personnel; franchise fees and taxes; marketing; bad debt; billing; advertising; and office costs related to telecommunications and office administration.

~~The~~Selling, general ~~management~~and ofadministrative ~~Mediacom~~expenses ~~Broadband~~rose ~~LLC~~4.5%, ~~(“Mediacom~~principally ~~Broadband”)~~due ~~carried~~to higher taxes ~~out~~ and anfees ~~evaluation~~and office expenses, ~~with~~offset ~~the~~in ~~participation~~part ofby ~~the~~decreases ~~Mediacom~~in ~~Broadband’s~~bad ~~Chief~~debt expense ~~Executive~~ and ~~Officer~~marketing costs. Taxes and ~~Chief~~other ~~Financial~~fees ~~Officer,~~increased ofby ~~the~~19.3% ~~effectiveness~~due ofprimarily ~~Mediacom~~ to higher ~~Broadband’s~~property ~~disclosure~~taxes ~~controls~~ and ~~procedures~~franchise asfees. ofOffice ~~September 30, 2003.~~expenses ~~Based~~were ~~upon~~higher ~~that~~by ~~evaluation,~~36.3% largely ~~Mediacom~~due ~~Broadband’s~~to ~~Chief~~increases ~~Executive Officer~~in ~~and~~telephone ~~Chief~~costs. ~~Financial~~These ~~Officer~~increases ~~concluded~~were ~~that~~offset ~~Mediacom~~in part by ~~Broadband’s~~an 18.02% ~~disclosure~~ reduction ~~controls~~in ~~and~~bad ~~procedures~~debt ~~were~~expense ~~effective~~primarily toas ~~ensure~~a ~~that~~result ~~information~~of a change in estimate ~~required~~ in our video, data and phone business to bebetter ~~disclosed~~reflect byhistorical ~~Mediacom~~collection experience ~~Broadband~~and a decline in ~~reports~~marketing ~~that~~costs itas ~~files~~a ~~or submits~~result ~~under~~of ~~the~~reduced ~~Securities~~contracted third ~~Exchange~~party ~~Act~~sales ofand ~~1934~~lower issales ~~recorded,~~commissions. ~~processed~~Selling, ~~summarized~~ general and administrative ~~reported~~expenses ~~within~~as ~~the~~a ~~time~~percentage ~~periods~~of ~~specified~~revenues inwere ~~the~~21.5% ~~rules~~ and ~~forms~~ of22.7% for the three ~~Securities~~months ended June 30, 2006 and ~~Exchange~~2005, ~~Commission~~respectively.

~~There has not been any change in Mediacom Broadband’s internal control~~We ~~over~~ expect continued ~~financial~~revenue ~~reporting~~growth in ~~connection~~advanced ~~with~~services. ~~the~~As ~~evaluation~~a ~~required~~result, bywe ~~Rule 15d-15(d)~~expect ~~under the Exchange Act that occurred during the quarter ended~~our ~~September 30,~~ service ~~2003~~costs ~~that~~and ~~has materially affected~~selling, orgeneral isand ~~reasonably~~administrative ~~likely~~expenses to ~~materially affect, Mediacom Broadband’s internal control over financial reporting~~ increase.

~~Mediacom~~Management fee ~~Broadband~~expense ~~Corporation~~reflects charges incurred under out management arrangements with our parent, MCC. Management fee expense decreased 4.4%, reflecting lower overhead costs charged by MCC. As a percentage of revenues, management fee expense was 1.7% and 2.0% for the three months ended June 30, 2006 and 2005, respectively.

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

~~There has not been any change in Mediacom Broadband Corporation’s~~Adjusted ~~internal~~ OIBDA ~~control~~rose ~~over financial reporting in connection with the evaluation required by Rule 15d-15(d) under the Exchange Act that occurred during the quarter ended September 30~~10.8%, ~~2003 that has materially affected, or is~~ ~~reasonably~~ principally ~~likely~~due to ~~materially~~revenue ~~affect~~growth, ~~Mediacom~~partially ~~Broadband~~offset ~~Corporation’s internal~~by ~~control~~higher ~~over~~costs ~~financial reporting.~~and expenses.

16Operating Income

~~Table~~Operating income ofgrew ~~Contents~~23.9%, largely due to growth in Adjusted OIBDA and a modest decline in depreciation and amortization expense.

~~PART II~~Interest Expense, Net

~~ITEM~~Interest expense, 6net, increased by 19.0%, ~~EXHIBITS~~primarily ~~AND~~due ~~REPORTS~~to ONhigher ~~FORM~~market ~~8-K~~interest rates on variable rate debt.

Gain (aloss) ~~Exhibits~~ on Derivatives, Net

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

We enter into interest rate exchange agreements, or “interest rate swaps,” with counterparties to fix the interest rate on a portion of our variable rate debt to reduce the potential volatility in our interest expense that would otherwise result from changes in variable market interest rates. As of June 30, 2006 we had interest rate swaps with an aggregate principal amount of $400.0 million, as well as forward interest rate swaps that go into effect later in 2006 with an aggregate principal amount of $300.0 million. The changes in their mark-to-market values are derived from changes in market interest rates, the decrease in their time to maturity and the creditworthiness of the counterparties. As a result of the quarterly mark-to-market valuation of these interest rate swaps, we recorded a gain on derivatives, net amounting to $0.4 million for the three months ended June 30, 2006 compared to a loss of $0.9 million for the three months ended June 30, 2005.

~~(b) Reports on Form 8-K~~ 17

~~None.~~Table of contents

17 Other

~~Table~~Other includes other expense and loss on early extinguishment of ~~Contents~~debt. Other totaled $4.4 million and $1.0 million for the three months ended June 30, 2006 and 2005, respectively. Other primarily represents amortization of deferred financing costs, fees on unused credit commitments and the write-off of deferred financing costs related to term loans that we refinanced during each period.

~~SIGNATURES~~Net Income

~~Pursuant~~As a result toof the ~~requirements~~factors ofdescribed ~~the~~above, ~~Securities~~we ~~Exchange~~recognized ~~Act~~net ofincome ~~1934,~~for the three ~~Registrant~~ months ~~has~~ended ~~duly~~June ~~caused~~30, ~~this~~2006 ~~report~~of to$4.6 bemillion, ~~signed~~as oncompared ~~its~~to ~~behalf~~net byincome ~~the~~of $4.0 ~~undersigned,~~ million ~~thereunto~~for ~~duly~~the ~~authorized~~three months ended June 30, 2005.

	MEDIACOM BROADBAND LLC
November 11, 2003	By:	/s/ Mark E. Stephan
		Mark E. Stephan Senior Vice President and Chief Financial Officer

Six Months Ended June 30, 2006 compared to Six Months Ended June 30, 2005

18The following table sets forth the unaudited consolidated statements of operations for the six months ended June 30, 2006 and 2005 (dollars in thousands and percentage changes that are not meaningful are marked NM):

	Six Months Ended
	June 30,
	2006			2005			$ Change			% Change

Revenues	$	332,596		$	303,039		$	29,557			9.8	%

Costs and expenses:
Service costs		131,721			116,745			14,976			12.8	%
Selling, general and administrative expenses		71,724			68,082			3,642			5.3	%
Management fee expense		5,925			5,979			(54	)		(0.9	%)
Depreciation and amortization		54,470			57,087			(2,617	)		(4.6	%)
Operating income		68,756			55,146			13,610			24.7	%

Interest expense, net		(54,864	)		(46,853	)		(8,011	)		17.1	%
Loss on early extinguishment of debt		(2,908	)		-
Gain on derivatives, net		362			4,061			(3,699	)		NM
Other expense		(2,887	)		(2,039	)		(848	)		41.6	%
Net income	$	8,459		$	10,315		$	(1,856	)		(18.0	%)

~~SIGNATURES~~The following represents a reconciliation of Adjusted OIBDA to operating income, which is the most directly comparable GAAP measure (dollars in thousands and percentage changes that are not meaningful are marked NM ):

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.

	Six Months Ended
	June 30,
	2006			2005			$ Change			% Change

Adjusted OIBDA	$	123,714		$	112,323		$	11,391			10.1	%
Non-cash, share-based compensation charges		(488	)		(90	)		(398	)		NM
Depreciation and amortization		(54,470	)		(57,087	)		2,617			(4.6	%)
Operating income	$	68,756		$	55,146		$	13,610			24.7	%

	MEDIACOM BROADBAND CORPORATION
November 11, 2003	By:	/s/ MARK E. STEPHAN
		Mark E. Stephan Senior Vice President and Chief Financial Officer

19Table of Contents

Revenues

The following table sets forth revenues and selected subscriber, customer and average monthly revenue statistics for the six months ended June 30, 2006 and 2005 (dollars in thousands, except per subscriber and customer data):

	Six Months Ended
	June 30,
	2006		2005		$ Change			% Change
Video	$	242,621	$	232,620	$	10,001			4.3	%
Data		62,598		51,809		10,789			20.8	%
Phone		7,320		-		7,320			NM
Advertising		20,057		18,610		1,447			7.8	%
	$	332,596	$	303,039	$	29,557			9.8	%


		Six Months Ended
		June 30,				Increase
		2006		2005		(Decrease)			% Change
Basic subscribers		756,000		776,000		(20,000	)		(2.6	%)
Data customers		285,000		235,000		50,000			21.3	%
Phone customers		49,000		-		49,000			NM
Average monthly video revenue per basic subscriber ⁽¹⁾	$	52.65	$	49.49	$	3.16			6.4	%
Average monthly data revenue per data customer⁽²⁾	$	37.56	$	38.73	$	(1.17	)		(3.0	%)

⁽¹⁾ Average monthly video revenue per basic subscriber is calculated based on average monthly video revenue divided by the average number of basic subscribers for the period.

⁽²⁾ Average monthly data revenue per data customer is calculated based on average monthly data revenue divided by the average number of data customers for the period.

Revenues rose 9.8%, largely attributable to growth in our data and phone customers and higher video rates and service fees. As of June 30, 2006, and within a year of the launch of our phone service, we were marketing this new product to nearly 90% of the estimated homes in our markets.

Video revenues increased 4.3% as a result of basic rate increases applied on our video subscribers and higher service fees from our advanced video products and services. Average monthly video revenue per basic subscriber increased 6.4%.

Data revenues rose 20.8%, primarily due to a 21.3% year-over-year increase in data customers. Average monthly data revenue per data customer of $37.55 decreased 2.4% from the prior year period largely as a result of promotional efforts during 2005.

Phone revenues were $7.3 million for the six months ended June 30, 2006.

Advertising revenues increased 7.8%, largely as a result of stronger local advertising sales.

Costs and Expenses

Service costs rose 12.8%, primarily due to increases in programming and employee expenses and customer growth in our phone and HSD services. Programming expense, the largest component of service costs, increased 8.1%, principally as a result of higher unit costs charged by our programming vendors, offset in part by a lower number of basic subscribers. Recurring expenses related to our phone and HSD services grew 48.0% commensurate with the significant increase of customers. Personnel costs rose by 18.1%, due largely to higher employee-related insurance expenses, higher staffing levels and lower capitalization related to customer installation activity. Service costs as a percentage of revenues were 39.6% and 38.5% for the six months ended June 30, 2006 and 2005, respectively.

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Selling, general and administrative expenses rose 5.3%, principally due to higher taxes and fees and employee expenses, offset in part by a significant decrease in marketing and bad debt expenses. Taxes and fees increased by 19.4% due principally to higher property taxes and franchise fees. Employee costs rose by 7.6% due primarily to increased staffing levels in our customer supportservice workforce. These increases were offset in part by lower marketing costs due primarily to reduced third party contract sales, an 11.7% decline in bad debt expense primarily as a result of a change in estimate in our video, data and phone business to better reflect historical collection experience, and lower sales commissions. Selling, general and administrative expenses as a percentage of revenues were 21.6% and 22.5% for the six months ended June 30, 2006 and 2005, respectively.

We expect continued revenue growth in advanced services. As a result, we expect our service costs and selling, general and administrative expenses to increase.

Management fee expense decreased 0.9%, reflecting lower overhead charged by MCC. As a percentage of revenues, management fee expense was 1.8% and 2.0% for the six months ended June 30, 2006 and 2005, respectively.

Adjusted OIBDA

Adjusted OIBDA rose 10.1%, principally due to revenue growth, partially offset by higher costs and expenses.

Operating Income

Operating income grew 24.7%, largely due to growth in Adjusted OIBDA and only a modest decline in depreciation and amortization expense.

Interest Expense, Net

Interest expense, net, increased by 17.1%, primarily due to higher market interest rates on variable rate debt.

Gain on Derivatives, Net

We enter into interest rate exchange agreements, or “interest rate swaps,” with counterparties to fix the interest rate on a portion of our variable rate debt to reduce the potential volatility in our interest expense that would otherwise result from changes in variable market interest rates. As of June 30, 2006 we had interest rate swaps with an aggregate principal amount of $400.0 million, as well as forward interest rate swaps that go into effect later in 2006 with an aggregate principal amount of $300.0 million. The changes in their mark-to-market values are derived from changes in market interest rates, the decrease in their time to maturity and the creditworthiness of the counterparties. As a result of the quarterly mark-to-market valuation of these interest rate swaps, we recorded a gain on derivatives amounting to $0.4 million for the six months ended June 30, 2006 compared to a gain of $4.1 million for the six months ended June 30, 2005.

Other

Other includes other expense and loss on early extinguishment of debt. Other totaled $5.8 million and $2.0 million for the six months ended June 30, 2006 and 2005, respectively. Other primarily represents amortization of deferred financing costs, fees on unused credit commitments and the write-off of deferred financing costs related to term loans that we refinanced during each period.

Net Income

As a result of the factors described above, we recognized net income for the six months ended June 30, 2006 of $8.5 million, as compared to net income of $10.3 million for the six months ended June 30, 2005.

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Liquidity and Capital Resources

Overview

We have invested, and will continue to invest, in our network to enhance its reliability and capacity, and in the further deployment of advanced broadband services. Our capital spending has recently shifted away from network upgrade investments to the deployment of advanced services. We also may continue to make strategic acquisitions of cable systems. We have a high level of indebtedness and incur significant amounts of interest expense each year. We believe that we will meet our debt service, capital spending and other requirements through a combination of our net cash flows from operating activities, borrowing availability under our bank credit facilities and our ability to secure future external financing.

As of June 30, 2006, our total debt was $1.65 billion. During the three months ended June 30, 2006, we paid cash interest of $57.0 million, net of capitalized interest. Our cash interest payments have historically been higher in the first and third calendar quarters of the year due to the timing of the cash interest payments on our senior notes. As of June 30, 2006, we had unused revolving credit commitments of $617.9 million, of which $480.0 million could be borrowed and used for general corporate purposes based on the terms and conditions of our debt arrangements.

Of our total debt outstanding as of June 30, 2006, $454.0 million matures within the next twelve months and substantially consists of $400.0 million of 11% senior notes due July 17, 2006 (the “11% Notes”). The 11% Notes were redeemed on July 17, 2006 with a redemption price of $422.0 million, consisting of $400.0 million of principal and $22.0 million of redemption premium as well as accrued interest of $22.2 million. We funded the redemption with a $335.0 drawdown on the revolving credit portion of our subsidiary credit facility, a $100.0 million equity contribution from MCC and available cash. As of June 30, 2006, after giving effect to the redemption, we had unused revolving credit commitments of $282.9 million, of which $145.0 million could be borrowed and used for general corporate purposes based on the terms and conditions of our debt arrangements.

For all periods through June 30, 2006, we were in compliance with all of the covenants under our debt arrangements. Continued access to our credit facilities is subject to our remaining in compliance with the covenants of these credit facilities, including covenants tied to our operating performance. We believe that we will not have any difficulty in the foreseeable future complying with these covenants and that we will meet our current and long-term debt service, capital spending and other cash requirements through a combination of our net cash flows from operating activities, borrowing availability under our bank credit facilities and our ability to secure future external financing. However, there can be no assurance that we will be able to obtain sufficient future financing, or, if we were able to do so, that the terms would be favorable to us. We expect to continue generating and obtaining sufficient funds and financing to service our long-term business plan, service our debt obligations and complete any future acquisitions if the opportunities arise.

Operating Activities

Net cash flows provided by operating activities were $51.5 million for the six months ended June 30, 2006, as compared to $58.5 million for the comparable period last year. The change of $7.0 million is primarily due to an increase in cash paid for interest and working capital, offset in part by higher operating income.

During the six months ended June 30, 2006, the net change in operating assets and liabilities was $15.0 million, primarily due to an increase in our prepaid expenses and other assets of $14.7 million, partially offset by an increase in our deferred revenue of $1.9 million.

Investing Activities

Net cash flows used in investing activities, which consisted primarily of capital expenditures, were $49.4 million for the six months ended June 30, 2006, as compared to $53.4 million for the six months ended June 30, 2005. Capital expenditures of $49.4 million for the six months ended June 30, 2006, decreased $4.0 million from the six months ended June 30, 2005, primarily due to lower spending on customer premise equipment.

Financing Activities

Net cash flows provided by financing activities were $6.3 million for the six months ended June 30, 2006, as compared to net cash flows used in financing activities of $7.3 million for the comparable period in 2005, largely due to approximately $228.3 million of net bank financing, offset in part by approximately $224.8 million of dividends to MCC.

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Our principal financing activities included the following:

On May 5, 2006, we refinanced a $495.0 million term loan with a new term loan in the amount of $800.0 million. The new term loan consists of two tranches: (i) a $550.0 million term loan which was funded on May 5, 2006; and (ii) a $250.0 million delayed-draw term loan (the “Delayed-Draw Term Loan”). Borrowings under the new term loan bear interest at a rate that is 0.25% less than the interest rate of the term loan that it replaced. The new term loan matures in January 2015, whereas the term loan that it replaced had a maturity of February 2013.

On June 29, 2006, borrowings under the Delayed-Draw Term Loan were used: (i) to make a distribution to MCC to allow it to repay $172.5 million of its 5.25% convertible senior notes due July 1, 2006; (ii) to repay amounts outstanding under the revolving credit portion of our subsidiary credit facility; and (iii) for working capital purposes.

·	We made distributions to MCC of $43.3 million primarily to fund its Board-authorized share repurchase program during the six months ended June 30, 2006.

Other

We have entered into interest rate exchange agreements with counterparties, which expire from July 2006 through March 2007, to hedge $400.0 million of floating rate debt. In addition, in June 2006, we entered into forward interest rate exchange agreements that fix interest rates at 5.3% on $300.0 million of our floating rate debt for three years. These forward interest rate exchange agreements commence on September 29, 2006 and December 29, 2006 in the amounts of $100.0 million and $200.0 million, respectively, and have been accounted for on a mark-to-market basis for the three months ended June 30, 2006. Our interest rate exchange agreements are scheduled to expire in the amounts of $250.0 million, $150.0 million and $300.0 million during the years ended December 31, 2006, 2007 and 2009, respectively.

As of June 30, 2006, approximately $11.3 million of letters of credit were issued to various parties as collateral for our performance relating to insurance and franchise requirements.

Contractual Obligations and Commercial Commitments

There have been no material changes to the Company’s contractual obligations and commercial commitments as previously disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2005.

Critical Accounting Policies

Use of Estimates

The preparation of our financial statements requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. Periodically, we evaluate our estimates, including those related to doubtful accounts, long-lived assets, capitalized costs and accruals. We base our estimates on historical experience and on various other assumptions that we believe are reasonable. Actual results may differ from these estimates under different assumptions or conditions.

Share-based Compensation

We estimate the fair value of stock options granted using the Black-Scholes option-pricing model. This fair value is then amortized on a straight-line basis over the requisite service periods of the awards, which is generally the vesting period. This option-pricing model requires the input of highly subjective assumptions, including the option’s expected life and the price volatility of the underlying stock. The estimation of stock awards that will ultimately vest requires judgment, and to the extent actual results or updated estimates differ from our current estimates, such amounts will be recorded as a cumulative adjustment in the periods the estimates are revised. Actual results, and future changes in estimates, may differ substantially from our current estimates.

For a discussion of the critical accounting judgments and estimates we identified that we believe require significant judgment in the preparation of our consolidated financial statements, please refer to our Form 10-K for the year ended 2005.

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Inflation and Changing Prices

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

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

There have been no significant changes to the information required under this Item from what was disclosed in our 2005 Form 10-K.

ITEM 4. CONTROLS AND PROCEDURES

Mediacom Broadband LLC

The management of Mediacom Broadband LLC (“Mediacom Broadband”) carried out an evaluation, with the participation of the Mediacom Broadband’s Chief Executive Officer and Chief Financial Officer, of the effectiveness of Mediacom Broadband’s disclosure controls and procedures as of June 30, 2006. Based upon that evaluation, Mediacom Broadband’s Chief Executive Officer and Chief Financial Officer concluded that Mediacom Broadband’s disclosure controls and procedures were effective to ensure that information required to be disclosed by Mediacom Broadband in reports that it files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission.

There has not been any change in Mediacom Broadband’s internal control over financial reporting in connection with the evaluation required by Rule 15d-15(d) under the Exchange Act that occurred during the quarter ended June 30, 2006 that has materially affected, or is reasonably likely to materially affect, Mediacom Broadband’s internal control over financial reporting.

Mediacom Broadband Corporation

The management of Mediacom Broadband Corporation carried out an evaluation, with the participation of the Mediacom Broadband Corporation’s Chief Executive Officer and Chief Financial Officer, of the effectiveness of Mediacom Broadband Corporation’s disclosure controls and procedures as of June 30, 2006. Based upon that evaluation, Mediacom Broadband Corporation’s Chief Executive Officer and Chief Financial Officer concluded that Mediacom Broadband Corporation’s disclosure controls and procedures were effective to ensure that information required to be disclosed by Mediacom Broadband in reports that it files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission.

There has not been any change in Mediacom Broadband Corporation’s internal control over financial reporting in connection with the evaluation required by Rule 15d-15(d) under the Exchange Act that occurred during the quarter ended June 30, 2006 that has materially affected, or is reasonably likely to materially affect, Mediacom Broadband Corporation’s internal control over financial reporting.

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PART II

ITEM 1. LEGAL PROCEEDINGS

See Note 9 to our consolidated financial statements.

ITEM 1A. RISK FACTORS

There have been no material changes in the risk factors from those disclosed in our risk factors section in Item 1A of our 2005 Form 10-K.

ITEM 6. EXHIBITS

Exhibit
Number		Exhibit Description

31.1		Rule 15d-14(a) Certifications of Mediacom Broadband LLC

31.2		Rule 15d-14(a) Certifications of Mediacom Broadband Corporation

32.1		Section 1350 Certifications Mediacom Broadband LLC

32.2		Section 1350 Certifications Mediacom Broadband Corporation

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SIGNATURES

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

MEDIACOM BROADBAND LLC

August 14, 2006

By:

/s/ Mark E. Stephan

Mark E. Stephan

Executive Vice President and Chief Financial Officer

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SIGNATURES

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

MEDIACOM BROADBAND CORPORATION

August 14, 2006

By:

/s/ Mark E. Stephan

Mark E. Stephan

Executive Vice President and Chief Financial Officer

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