FOR IMMEDIATE RELEASE

                        For:  Falcon Cable Systems Company
                      Contact:  Mike Menerey (818) 792-7132
                          Stan Itskowitch (310) 209-8400

                           FALCON CABLE SYSTEMS COMPANY
                          SETS LIQUIDATING DISTRIBUTION

                   Los Angeles, California -- July 24, 1996 -- Falcon
         Cable Systems Company, L.P. (AMEX:FAL) announced today that it
         has determined the per unit liquidating distribution payable to
         holders of FAL units, as of the close of business on July 23,
         1996, as $9.02.  FAL has deposited $57,676,694 with its trans-
         fer agent, Newhall Depositary Company, which amount will be
         paid pro rata to the holders of the 6,398,913 outstanding FAL
         units.

                   FAL had previously announced the dissolution of FAL
         in accordance with the FAL Partnership Agreement.  The amount
         deposited with Newhall Depositary Company is the amount of cash
         held by FAL following the winding up of the affairs of FAL in
         accordance with the dissolution procedures contained in the FAL
         Partnership Agreement.

                   Newhall Depositary Company will shortly mail to
         unitholders a letter of transmittal with which holders of FAL
         units will be able to send in their unit certificates and ob-
         tain the liquidating distribution.

                   As a result of the liquidation of FAL, its units have
         ceased to trade on the American Stock Exchange and are being
         deregistered under the Securities Exchange Act.  FAL will no
         longer issue or file periodic or other reports under such Act
         or otherwise.


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