[Letterhead]

Press Release

                              Helicon Partners I
                           Acquires 2 Cable Systems
                           With 35,000 Customers and
                   Now Serves 153,500 Customers in 10 States

                     Englewood Cliffs, NJ, June 26, 1997:

On June 26, 1997, Helicon acquired two cable systems with approximately 
35,000 customers in the City of Anderson, South Carolina and the High 
Country System in Boone, North Carolina from Booth Communications Carolinas 
Assets, Inc and Booth Communications Carolinas, Inc. Helicon now provides 
service to 153,500 customers in 10 states.

In early 1996, Helicon formed its acquisition partnership, Helicon Partners 
I, L. P., which was capitalized with $119,000,000. SunAmerica Inc., Sandler 
Capital Management, Union Bank and The Helicon Group, L. P. formed Helicon 
Partners I, L. P. to purchase cable systems in ex-urban markets.

"We are extremely pleased that we acquired the Booth systems and that we have 
effectively doubled the size of our Company within a year after we formed 
Helicon Partners I. L. P.," stated Mr. Theodore Baum, Chairman of Helicon. 
"We now look forward to being an aggressive bidder for additional systems so 
that we can double the size of our Company again."

Gregory A. Kriser, Chief Operating Officer & Executive Vice President of 
Helicon, further stated, "The Booth properties fit very well within our 
ex-urban market strategy. Both systems employ advanced 550 MHz Fiber Hybrid 
Coaxial plant; are each served by one headend and have excellent technical 
and customer service reputations. We believe we can take both these systems 
to the next level by marketing new products and advanced services in a 
relatively short period of time."

Herbert J. Roberts, Chief Financial Officer, Senior Vice President and 
Treasurer of Helicon also commented that, "we have now proved that Helicon 
can execute its acquisition strategy successfully. Helicon's relationships 
with the investment and banking community are excellent and we look forward 
to continuing our acquisition efforts by raising additional funds in 1997."

- - For Release 3 p.m. EDT, June 26, 1997


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