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 Ended Nine Months Ended September 30, September 30, 1994 1993 1994 1993 (millions) Operating Statement Information Revenues $ 87 $ 84 $260 $253 Operating income 21 21 62 64 Net income 17 17 48 47 September 30, December 31, 1994 1993 (millions) Balance Sheet Information Property, plant and equipment $388 $385 Cable television franchises 208 216 Total assets 625 627 Debt 272 320 Total liabilities 339 390