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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-Q/A1
[ X ]
AMENDMENT NO. 1 TO
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended November 30, 1996
OR
[ ]
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
for the transition period from to
Commission file number 1-9676
Century Communications Corp.
(Exact name of registrant as specified in its charter)
New Jersey 06-1158179
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
50 Locust Avenue
New Canaan, CT 06840
(Address of principal executive offices, including zip code)
(203) 972-2000
(Registrant's telephone number, including area code)
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
YES[X] NO[ ]
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practical date.
Class A Common - 29,282,919 outstanding shares as of January 6, 1997
Class B Common - 45,126,115 outstanding shares as of January 10, 1997
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EXPLANATORY NOTE
This Form 10-Q/A1 is being filed by Century Communications Corp., a New
Jersey corporation (the "Company"), as an amendment to its Quarterly Report on
Form 10-Q for the quarterly period ended November 30, 1996 to change the
reference to "Item 7." of Part I therein to "Item 2." thereof and to make
certain amendments to such Part I -- Item 2.
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PART I - FINANCIAL INFORMATION
* * *
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS
* * *
The first paragraph of Liquidity and Capital Resources (dollar amounts in
thousands except share data) is deleted in its entirety and replaced with the
following:
"The Company has grown through acquisitions as well as upgrading,
extending and rebuilding its existing cable television systems. In
addition, Centennial, since August of 1988, has acquired twenty eight
cellular telephone markets which it owns and manages, all of which are
considered to be in the early development phase of operations.
Centennial also owns minority equity investment interests in certain
other cellular telephone systems. Centennial successfully bid on March
13, 1995, for one of two Metropolitan Trading Area ("MTA") licenses to
provide broadband personal communications services ("PCS") in the
Commonwealth of Puerto Rico and the U.S. Virgin Islands. Since both the
cable television and wireless telephone activities are capital
intensive, the Company and Centennial continue to seek various sources
of financing to meet their needs, including growth in internally
generated cash, bank financing, joint ventures and partnerships and
public and private placements of debt and equity securities.
Subsidiaries of the Company have entered into credit agreements with
various bank groups and private lending institutions providing for an
aggregate of approximately $1,105,000 of potential borrowing capacity
as of January 10, 1997."
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Amendment No. 1 to Quarterly Report to be signed
on its behalf by the undersigned thereunto duly authorized.
CENTURY COMMUNICATIONS CORP.
Date: January 15, 1997 /s/ SCOTT N. SCHNEIDER
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Scott N. Schneider
Senior Vice President, Treasurer
Chief Financial Officer
(On behalf of Registrant and as
Principal Accounting Officer)
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