Northland Cable Television, Inc. Releases Fourth Quarter 2004 Results

Northland Cable Television, Inc. Releases Fourth Quarter 2004 Results

SEATTLE, March 30 /PRNewswire/ -- Attached are Northland Cable Television, Inc.'s fourth quarter 2004 summary financial results and other operating statistics.

You are invited to participate in a conference call to review Northland Cable Television, Inc.'s Fourth Quarter 2004 results of operations on Friday afternoon, April 1, 2005 at 2:00 PM Eastern.

Mr. Gary Jones, President of Northland Cable Television, Inc., will host the call. The call will begin with approximately 15 minutes of comments on the quarterly results. This will be followed by a 30-minute question and answer period.

To participate in this call, note the following:

1. Dial 800-762-6067 and ask for the Northland Cable Television conference call. 2. Call by 1:55 PM Eastern so that your call can be connected promptly. 3. RSVP to Amy Thies via email at: amy@northlandco.com. 4. A replay of the call will be accessible at 800-475-6701, access code 776531 until April 15, 2005.

The company's Form 10-K will be released Thursday March 31, 2005.

Thank you for your interest in Northland Cable Television, Inc. The company looks forward to your participation in the conference call. If you have any questions, please contact Amy Thies at 206-621-1351.

NORTHLAND CABLE TELEVISION, INC. STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - (UNAUDITED)

For the three For the twelve months ended months ended December 31, December 31, 2004 2003 2004 2003

Service revenues $12,563 $12,388 $50,469 $49,630

Expenses: Cable system operations 5,308 5,122 20,922 20,093 General and administrative 2,279 2,186 9,250 8,439 Management fees paid to parent 628 619 2,523 2,482 Depreciation and amortization 2,201 2,306 9,211 8,950 Loss (gain) on disposal of assets 76 (49) 379 -- Total operating expenses 10,492 10,184 42,285 39,964

Income from operations 2,071 2,204 8,184 9,666

Other income (expense): Interest expense (2,902) (2,822) (11,602) (11,219) Loss on extinguishment of debt -- (257) -- (257) Interest income and other, net (110) 5 (70) 29 (3,012) (3,074) (11,672) (11,447)

Loss from continuing operations before income tax expense (941) (870) (3,488) (1,781)

Income tax expense (164) (1) (860) (184)

Loss from continuing operations (1,105) (871) (4,348) (1,965)

Discontinued operations: Income from operations of Aiken and Port Angeles Systems, net of tax (including gain on sale of systems of $31,386,201 recorded during 2003) -- (299) -- 30,743 Net (loss) income (1,105) (1,170) (4,348) 28,778

In accordance with SFAS No. 144 "Accounting for the Impairment or Disposal of Long Lived Assets," the revenue, expenses and other items attributable to the operations of the Port Angeles and Aiken systems, which were sold on March 11 and March 31, 2003, respectively, have been reported as discontinued operations in these statements of operations and comprehensive income.

NORTHLAND CABLE TELEVISION, INC. FOURTH QUARTER 2004 OPERATING RESULTS FROM CONTINUING OPERATIONS Twelve months Quarter ended ended 12-31-04 12-31-04 vs. vs. Twelve months Quarter ended ended 12-31-03 12-31-03 (pro forma)

Total Revenue

12/31/2004 $12,563,313 $50,469,380 12/31/2003 $12,387,748 $49,630,146

Change $175,565 $839,234 % Change 1.42% 1.69%

Total Operating Expenses

12/31/2004 $8,215,315 $32,696,030 12/31/2003 $7,927,038 $31,013,934

Change $288,277 $1,682,096 % Change 3.64% 5.42%

EBITDA

12/31/2004 $4,347,998 $17,773,350 12/31/2003 $4,460,710 $18,616,212

Change $(112,712) $(842,862) % Change -2.53% -4.53%

EBITDA Margin

12/31/2004 34.61% 35.22% 12/31/2003 36.01% 37.51%

% Change -1.40% -2.29%

NORTHLAND CABLE TELEVISION, INC. FOURTH QUARTER 2004 CASH FLOW INFORMATION

DEBT & OPERATING CASH FLOW INFORMATION

Cash Balance at 12-31-04 913,878

Debt Balance at 12-31-04 113,060,000

Capital Expenditures for the twelve months ended December 31, 2004 9,033,744

*Cash interest expense for the three months ended December 31, 2004 2,769,748

**Debt to annualized operating cash flow at December 31, 2004 6.49

Ratio of EBITDA to cash interest expense for the three months ended December 31, 2004 1.57

The above metrics are based on certain ratios, as defined in the terms of the Company's Amended and Restated Senior Credit Facility

* Cash interest expense is equal to total interest expense less amortization of loan fees

** Includes interest income for the quarter ended December 31, 2004 of $10,013

NORTHLAND CABLE TELEVISION, INC. FOURTH QUARTER 2004 SYSTEM OPERATING STATISTICS

Quarter ended 12/31/2004 12/31/2003

% of digital ready subscribers 96% 93%

Basic subscribers 79,307 84,596 Expanded basic subscribers 53,991 56,227 Digital subscribers 7,764 8,716 Premium units 33,657 37,902 Data Subs 8,019 1,839

Revenue per average basic subscriber $52.15 $48.33

Source: Northland Cable Television, Inc.

CONTACT: Amy Thies of Northland Cable Television, Inc., +1-206-621-1351, or amy@northlandco.com

Web site: http://www.northlandcabletv.com/

------- Profile: Ent