COX, CONTINENTAL ANNOUNCE CABLE SYSTEM TRADES.

ATLANTA/BOSTON--(BUSINESS WIRE)--April 25, 1996--Cox Communications, Inc., and Continental Cablevision, Inc., today announced a letter of intent to trade cable television systems representing approximately 97,000 customers.

Closing of the transaction is expected in the fourth quarter of 1996, pending legal and regulatory approvals. Financial details of the transaction were not disclosed.

According to the terms of the agreement, each company will receive approximately 48,000 new customers in areas that are contiguous to locations where the companies already have a significant presence. The trade typifies long-term strategies for both companies to form major clusters for the purpose of providing advanced telecommunications services, including voice, video and high-speed data via cable television infrastructure. The transfer in ownership of the systems should appear transparent to customers, the companies said, with no interruptions in delivery of service or products.

Continental will receive Cox's systems in western Massachusetts and Weymouth, Mass., which are contiguous to Continental's systems in Quincy and Springfield. Continental is the largest cable operator in the Bay State. The addition of these systems, and the completion of an acquisition of several systems acquired in another trade announced earlier this year, will increase Continental's customer count in Massachusetts to more than 800,000.

Cox will receive Continental's systems in James City and York County, Va., and Pawtucket, R.I. Cox currently serves 260,000 customers in Norfolk, Portsmouth, Virginia Beach and Newport News, Va., and separately has announced letters of intent to acquire systems in Hampton, Williamsburg and Chesapeake. In total, Cox's Hampton Roads, Va., operation will serve approximately 380,000 customers when these transactions are closed. Cox's New England operation currently serves 235,000 customers in Connecticut and Rhode Island. Cox separately has announced a trade with Tele-Communications Inc., to acquire a system in Rhode Island. When the announced transactions are closed, Cox's New England operation will serve 385,000 customers, principally in Connecticut and Rhode Island.

Continental Cablevision, Inc., the nation's third largest broadband telecommunications company, serves more than 4.2 million customers in 20 states and is part owner of companies providing cable television service in Argentina, Australia and Singapore.

Cox Communications, Inc., (NYSE: COX) is the nation's fifth largest multiple system operator, serving 3.2 million customers. Cox is a fully integrated, diversified broadband communications company with interests in domestic and international cable distribution systems, programming networks and telecommunications technology.

CONTACT: Cox Communications

Anthony Surratt, [phone]

or

Continental Cablevision

Rob Stoddard, [phone]