Mediacom Communications Announces Expiration and Final Results of Tender Offers for 91/2% Notes and 7 7/8% Notes

MIDDLETOWN, N.Y., Sep 09, 2009 (BUSINESS WIRE) --
MCCC | Quote | Chart | News | PowerRating -- Mediacom Communications Corporation (Nasdaq: MCCC | Quote | Chart | News | PowerRating) and its subsidiaries
Mediacom LLC and Mediacom Capital Corporation (together, the
"Companies") today announced the expiration and final results of the
previously announced cash tender offers for any and all of the
Companies' outstanding 91/2% Senior Notes due 2013 (the "91/2% Notes") and
the Companies' outstanding 7 7/8% Senior Notes due 2011 (the "7 7/8% Notes"
and, together with the 91/2% Notes, the "Notes"). The tender offers
expired at 11:59 p.m., New York City time, on September 8, 2009 (the
"Expiration Date").

As previously announced, on August 25, 2009, the Companies early
accepted and paid for all Notes validly tendered and not withdrawn as of
5:00 p.m., New York City time, on August 24, 2009 (the "Early Tender
Date"). As of the Early Tender Date, holders of $385.2 million aggregate
principal amount of 91/2% Notes and $63.6 million aggregate principal
amount of 7 7/8% Notes had validly tendered and not withdrawn their Notes.

Since the Early Tender Date, holders of $5.0 million aggregate principal
amount of 91/2% Notes and $7.5 million aggregate principal amount of 7 7/8%
Notes have validly tendered their Notes as of the Expiration Date.
Payment for such Notes, including accrued and unpaid interest from the
last interest payment date applicable to, but not including, the payment
date, will be made promptly.

Pursuant to the tender offers, the Companies have or will purchase, in
the aggregate, $390.2 million principal amount of 91/2% Notes and $71.1
million principal amount of 7 7/8% Notes, representing 78% and 57% of the
outstanding principal amount of those notes, respectively.

The Companies previously announced the call for redemption of the entire
principal amount of both its 91/2% Notes and 7 7/8% Notes that remain
outstanding following the expiration of the tender offers. The
redemption date for both series of Notes has been set for September 24,
2009. In accordance with the redemption provisions of the Notes and the
related indentures, any non-tendered Notes will be redeemed at a price
equal to 100% of the principal amount, plus accrued and unpaid interest
to, but not including, the redemption date.

Wells Fargo Securities and Citi acted as the dealer managers for the
tender offers, and Global Bondholder Services Corporation acted as the
information agent and depositary. Questions regarding the tender offers
may be directed to Wells Fargo Securities at (866) 309-6316 or Citi at
(800) 558-3745.

This announcement does not constitute an offer to purchase or a
solicitation of any offer to sell with respect to the 91/2% Notes or the
7 7/8% Notes. The tender offers are being made solely by the Offer to
Purchase, dated August 11, 2009, as amended and supplemented by the
Supplement to the Offer to Purchase, dated August 13, 2009, and the
related Letter of Transmittal, copies of which are available from the
Information Agent.

About Mediacom Communications Corporation

Mediacom Communications is the nation's eighth largest cable television
company and one of the leading cable operators focused on serving the
smaller cities and towns in the United States. Mediacom Communications
offers a wide array of broadband products and services, including
traditional video services, digital television, video-on-demand, digital
video recorders, high-definition television, high-speed data access and
phone service. More information about Mediacom Communications can be
accessed on the Internet at: www.mediacomcc.com.

Forward Looking Statements

In this press release, we state our beliefs of future events and of our
future financial performance. In some cases, you can identify those
so-called "forward-looking statements" by words such as "anticipates,"
"believes," "continue," "estimates," "expects," "may," "plans,"
"potential," "predicts," "should" or "will," or the negative of those
words and other comparable words. These forward-looking statements are
subject to risks and uncertainties that could cause actual results to
differ materially from historical results or those we anticipate, many
of which are beyond our control. Factors that could cause actual results
to differ from those contained in the forward-looking statements
include, but are not limited to: competition for video, high-speed data
and phone customers; our ability to achieve anticipated customer and
revenue growth and to successfully introduce new products and services;
greater than anticipated effects of economic downturns and other factors
which may negatively affect our customers' demand for our products and
services; increasing programming costs and delivery expenses related to
our products and services; changes in consumer preferences, laws and
regulations or technology that may cause us to change our operational
strategies; changes in assumptions underlying our critical accounting
polices which could impact our results; fluctuations in short term
interest rates which may cause our interest expense to vary from quarter
to quarter; our ability to generate sufficient cash flow to meet our
debt service obligations; instability in the credit markets, which may
impact our ability to refinance our debt in the same amounts and on the
same, or similar, terms as we currently experience; and the other risks
and uncertainties discussed in this press release, in our Annual Report
on Form 10-K for the year ended December 31, 2008 and other reports or
documents that we file from time to time with the SEC. Statements
included in this press release are based upon information known to us as
of the date that this press release is filed with the SEC, and we assume
no obligation to update or alter our forward-looking statements made in
this press release, whether as a result of new information, future
events or otherwise, except as required by applicable federal securities
laws.

SOURCE: Mediacom Communications Corporation

Mediacom Communications Corporation 
Investor Relations 
Calvin Craib, 845-695-2675 
Senior Vice President, 
Corporate Finance 
or 
Media Relations 
Thomas Larsen, 845-695-2754 
Vice President, 
Legal and Public Affairs

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