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TCA CABLE TV ANNOUNCES CAPITAL INVESTMENTS

 TYLER, Texas, Sept. 13 /PRNewswire/ -- TCA Cable TV, Inc. (TCA) (NASDAQ-NMS: TCAT), today announced its five-year plan for capital investments in its cable communities.
 Robert M. Rogers, chairman of the board and chief executive officer of the company, announced that TCA had finalized its schedule for upgrading its cable systems with fiber optics to have the most state-of-the-art infrastructure for enhanced video signal delivery. These upgrades are expected to cost approximately $100 million and will take three to five years to complete. With TCA's conservative leverage, these funds will be provided from internal cash flow.
 "TCA is excited to be able to participate in the interactive communications infrastructure of the 21st century. We have the capital, personnel and the determination to make these investments in our local cable communities. The new cable plant will be capable of providing over 80 channels of TV signals using today's technology and up to 500 channels using digital compression. In addition, the systems will be designed to provide telecommunications and high speed data transmission to include virtually any interconnection of computers, schools, houses and businesses," Rogers said.
 Rogers also reported: "TCA has completed the restructuring of rates and channel line ups as provided for in the Cable Act of 1992. The reregulation of rates will have little impact on TCA's revenues, which will see a decrease of less than 1 percent in fiscal 1994. This modest reduction is the result of many years of controlling expenses and efficiently building cable facilities which allowed TCA to charge rates at the low end of the industry averages, while at the same time maintaining growing earnings and dividends."
 TCA Cable TV, Inc., is engaged in the development and operation of cable television systems in Texas, Louisiana, Arkansas, New Mexico, Mississippi and Idaho. The company owns or manages 53 systems with approximately 449,000 subscribers. The company currently has 24,635,332 shares of common stock outstanding. TCA is publicly traded on NASDAQ National Market System under the symbol TCAT.
 -0- 9/13/93
 /CONTACT: Jimmie F. Taylor of TCA Cable TV, Inc., 903-595-3701/
 (TCAT)


CO: TCA Cable TV, inc. ST: Texas IN: TLS SU:

TW -- NY064 -- 1312 09/13/93 12:32 EDT
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Publication:PR Newswire
Date:Sep 13, 1993
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