EXHIBIT 99.2


CONTACT:                   Dan T. Do
                           Director of Investor Relations
                           (626) 844-1700


         FALCON HOLDING GROUP, L.P. TO REDEEM ALL REMAINING OUTSTANDING
                     11% SENIOR SUBORDINATED NOTES DUE 2003

         Los Angeles,  CA - September 15, 1998 - Falcon Holding Group, L.P. (the
"Partnership")  today  announced  that  it  will  redeem  all of  its  remaining
outstanding  11% Senior  Subordinated  Notes due 2003 (CUSIP Nos. 306064 AB2 and
306064 AA4)(the  "Notes").  The aggregate  outstanding  principal  amount of the
Notes is approximately $34.4 million. The indenture governing the Notes provides
that the  Partnership  may  redeem  all or a  portion  of the  Notes on or after
September 15, 1998 at 105.5% of the outstanding  principal amount,  plus accrued
interest to the redemption date (the "Redemption Price").

         The  Partnership  has set September 15, 1998 as the redemption date and
deposited  money  sufficient to pay the aggregate  Redemption  Price with United
States Trust Company of New York as paying agent (the "Paying Agent").  Interest
on the Notes will cease to accrue on and after the redemption  date.  Payment of
the Redemption Price will be made upon surrender of the Notes,  duly endorsed to
the  Partnership,  accompanied by a properly  completed letter of transmittal to
the Paying  Agent.  The letter of  transmittal  and the  accompanying  notice of
redemption (together, the "Redemption Notice") were sent to holders of the Notes
on or about August 11,  1998.  Copies of the  Redemption  Notice can be obtained
from the Paying Agent by calling 1-800-548-6565.

         The Partnership owns and manages cable television systems in 26 states.
The  Partnership  owns cable  television  systems  (the "Owned  Systems")  in 23
states,  principally in California,  Oregon,  Missouri,  Georgia,  Texas,  North
Carolina  and  Alabama.   As  of  June  30,  1998,   the  Owned  Systems  passed
approximately 1,020,000 homes and served approximately 636,000 basic subscribers
and 164,000  premium service units.  The  Partnership  also holds varying equity
interests in and manages certain other cable television systems (the "Affiliated
Systems") in 14 states, including South Carolina, Kentucky, Illinois, Washington
and Tennessee.  As of June 30, 1998, the Affiliated Systems passed approximately
257,000  homes and served  approximately  171,000 basic  subscribers  and 49,000
premium service units.