EXHIBIT 99.1 TIME WARNER ENTERTAINMENT COMPANY, L.P. SUPPLEMENTARY INFORMATION SUMMARIZED FINANCIAL INFORMATION OF PARAGON COMMUNICATIONS (Unaudited) TWE has an indirect 50% ownership interest in Paragon Communications ("Paragon"), a cable system joint venture accounted for on the equity basis. A summary of financial information of Paragon (100% basis) is set forth below: PARAGON COMMUNICATIONS Three Months Six Months Ended June 30, Ended June 30, 1994 1993 1994 1993 (millions) OPERATING STATEMENT INFORMATION Revenues $ 87 $ 85 $173 $169 Operating income 20 23 41 43 Net income 15 16 31 30 June 30, December 31, 1994 1993 (millions) Balance Sheet Information Property, plant and equipment $ 387 $ 385 Cable television franchises 211 216 Total assets 625 627 Debt 287 320 Total liabilities 356 390