content: UNITED STATES
                         SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C. 20549
  
                                     FORM 10-Q
  (Mark One)
  
  (X)  Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange
       Act of 1934 For the Quarterly Period Ended:
  
                                   MARCH 31, 1995
  
                                         OR
  
  ( )  Transition  Report  pursuant  to Section  13 or 15(d) of the  Securities
       Exchange Act of 1934 For the Transition Period from ________ to ________.
  
                           Commission File Number 0-16767
  
  
  
                      CABLEVISION INVESTMENT OF DETROIT, INC.
               (Exact name of registrant as specified in its charter)
  
  
             MICHIGAN                                    38-2697922
  - - - - - -------------------------------------------------------------------------------
   (State or other jurisdiction of                    (I.R.S. Employer
    incorporation or organization)                    Identification No.)
  
                              c/o Comcast Corporation
                  1500 Market Street, Philadelphia, PA 19102-2148
  - - - - - -------------------------------------------------------------------------------
                      (Address of principal executive offices)
                                     (Zip Code)
  
  Registrant's telephone number, including area code:  (215) 665-1700
  
                             --------------------------
  
  Indicate by check mark whether the registrant (1) has filed all reports required
  to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
  the preceding  twelve months (or for such shorter period that the registrant was
  required to file such  reports),  and (2) has been subject to such  requirements
  for the past 90 days.
  
           Yes  X                                   No
  
                             --------------------------
  
  As of March 31, 1995, there were 1,000,000 shares of Common Stock outstanding.
  
  
  
  
  <PAGE>
  
                      CABLEVISION INVESTMENT OF DETROIT, INC.
                                     FORM 10-Q
                            QUARTER ENDED MARCH 31, 1995
  
                                 TABLE OF CONTENTS
  
  
  
  
                                                                             Page
                                                                            Number
  
  PART I.  FINANCIAL INFORMATION
  
           Item 1.   Financial Statements
  
                     Condensed Balance Sheet at March 31, 1995
                     and December 31, 1994 (Unaudited)..........................2
  
                     Condensed Statement of Operations and
                     Accumulated Deficit for the Three Months
                     Ended March 31, 1995 and 1994 (Unaudited)..................3
  
                     Condensed Statement of Cash Flows for the
                     Three Months Ended March 31, 1995 and 1994
                     (Unaudited)................................................4
  
                     Notes to Condensed Financial Statements
                     (Unaudited)............................................5 - 8
  
           Item 2.   Management's Discussion and Analysis
                     of Financial Condition and Results of
                     Operations............................................9 - 11
  
  PART II. OTHER INFORMATION
  
           Item 6.   Exhibits and Reports on Form 8-K..........................11
  
  
  
  
  <PAGE>2
  
                      CABLEVISION INVESTMENT OF DETROIT, INC.
                                     FORM 10-Q
                            QUARTER ENDED MARCH 31, 1995
  
  PART I.  FINANCIAL INFORMATION
  
  ITEM 1.  FINANCIAL STATEMENTS
  
                              CONDENSED BALANCE SHEET
                                    (Unaudited)
  
  <TABLE>
  <CAPTION>
                                                                                 (Dollars in thousands)
                                                                           March 31,                December 31,
                                                                             1995                      1994
                                                                          ----------                ------------
  <S>                                                                    <C>                     <C>
  ASSETS
  
  CURRENT ASSETS
      Cash..........................................................             $103                    $1,125
      Due from affiliate............................................            1,033
      Other assets..................................................                                          4
                                                                              -------                   -------
            Total Current Assets....................................            1,136                     1,129
                                                                              -------                   -------
  
  INVESTMENT IN COMCAST CABLEVISION OF DETROIT......................            7,712                     8,534
                                                                              -------                   -------
  
  DEFERRED CHARGES..................................................            7,839                     7,839
      Accumulated amortization......................................             (116)                      (18)
                                                                              -------                   -------
      Deferred charges, Net.........................................            7,723                     7,821
                                                                              -------                   -------
                                                                   .          $16,571                   $17,484
                                                                              =======                   =======
  
  LIABILITIES AND STOCKHOLDERS' EQUITY
  
  CURRENT LIABILITIES
      Accounts payable .............................................               $8                       $12
                                                                              -------                   -------
            Total Current Liabilities...............................                8                        12
                                                                              -------                   -------
  
  DEFERRED INCOME TAXES.............................................            7,656                     7,823
                                                                              -------                   -------
  
  COMMITMENTS AND CONTINGENCIES
  
  STOCKHOLDERS' EQUITY
      Common stock, $.01 par value - authorized,
         4,000,000 shares; issued, 1,000,000 .......................               10                        10
      Additional capital............................................            9,253                     9,686
      Accumulated deficit...........................................             (356)                      (47)
                                                                              -------                   -------
            Total Stockholders' Equity..............................            8,907                     9,649
                                                                              -------                   -------
                                                                              $16,571                   $17,484
                                                                              =======                   =======
  </TABLE>
  
  
  
  See notes to condensed financial statements.
  
  
  
  <PAGE>3
  
  
                      CABLEVISION INVESTMENT OF DETROIT, INC.
                                     FORM 10-Q
                            QUARTER ENDED MARCH 31, 1995
             CONDENSED STATEMENT OF OPERATIONS AND ACCUMULATED DEFICIT
                                    (Unaudited)
  
  <TABLE>
  <CAPTION>
                                                                                 (Dollars in thousands,
                                                                                 except per share data)
                                                                              Three Months Ended March 31,
                                                                             1995                      1994
                                                                                                  (Predecessor
                                                                                                  Corporation)
  <S>                                                               <C>                           <C>
  INCOME
      Interest income.......................................                 $11                         $9
      Equity in net (loss) income of Comcast
         Cablevision of Detroit.............................                (389)                       174
                                                                       ---------                  ---------
                                                                            (378)                       183
                                                                       ---------                  ---------
  
  EXPENSES
      Amortization..........................................                  98                        141
      Administrative........................................                                              4
                                                                       ---------                  ---------
                                                                              98                        145
                                                                       ---------                  ---------
  (LOSS) INCOME BEFORE INCOME
      TAX BENEFIT ..........................................                (476)                        38
                                                                       ---------                  ---------
  
  INCOME TAX BENEFIT........................................                (167)
                                                                       ---------                  ---------
  
  NET (LOSS) INCOME.........................................                (309)                        38
  
  ACCUMULATED DEFICIT
      Beginning of period...................................                 (47)                    (3,465)
                                                                       ---------                  ---------
      End of period.........................................               ($356)                   ($3,427)
                                                                       =========                  =========
  
  NET (LOSS) INCOME PER SHARE...............................               ($.31)                      $.04
                                                                       =========                  =========
  
  WEIGHTED AVERAGE NUMBER OF
      COMMON SHARES OUTSTANDING
      DURING THE PERIOD.....................................           1,000,000                  1,000,000
                                                                       =========                  =========
  </TABLE>
  
  
  
  See notes to condensed financial statements.
  
  
  
  <PAGE>4
  
  
                      CABLEVISION INVESTMENT OF DETROIT, INC.
                                     FORM 10-Q
                            QUARTER ENDED MARCH 31, 1995
                         CONDENSED STATEMENT OF CASH FLOWS
                                    (Unaudited)
  
  <TABLE>
  <CAPTION>
                                                                                  (Dollars in thousands)
                                                                              Three Months Ended March 31,
                                                                             1995                      1994
                                                                          ----------                 -------
                                                                                                   (Predecessor
                                                                                                    Corporation)
  <S>                                                                  <C>                      <C>
  OPERATING ACTIVITIES
       Net (loss) income .......................................           ($309)                       $38
          Noncash items included in net (loss) income:
             Equity in net loss (income) of Comcast
                 Cablevision of Detroit.........................             389                       (174)
             Amortization.......................................              98                        141
             Deferred income tax benefit........................            (167)
                                                                          ------                     ------
                                                                              11                          5
          Decrease in other assets..............................               4
          Decrease in accounts payable..........................              (4)                        (2)
                                                                          ------                     ------
                 Net cash provided by operating activities......              11                          3
                                                                          ------                     ------
  
  INVESTING ACTIVITIES
       Net transactions with affiliates.........................          (1,033)                     1,000
                                                                          ------                     ------
                 Net cash (used in) provided by investing
                     activities.................................          (1,033)                     1,000
                                                                          ------                     ------
  
  (DECREASE) INCREASE IN CASH...................................          (1,022)                     1,003
       Cash, Beginning of Period................................           1,125                        119
                                                                          ------                     ------
  CASH, End of Period...........................................            $103                     $1,122
                                                                          ======                     ======
  </TABLE>
  
  
  
  See notes to condensed financial statements.
  
  
  
  
  <PAGE>5
  
  
                      CABLEVISION INVESTMENT OF DETROIT, INC.
                                     FORM 10-Q
                            QUARTER ENDED MARCH 31, 1995
                      NOTES TO CONDENSED FINANCIAL STATEMENTS
                                    (Unaudited)
  
  1.   CONDENSED FINANCIAL STATEMENTS
  
       Organization
       Cablevision  Investment of Detroit,  Inc. (the  "Company"),  an approximate
       96.5% owned  subsidiary  of Maclean  Hunter Cable TV, Inc.  ("Cable TV"), a
       Michigan  corporation,  is a general  partner which holds a 10% partnership
       interest in Comcast Cablevision of Detroit (formerly Barden Cablevision and
       referred to herein as the "Partnership"),  a Michigan general  partnership.
       The  Partnership  operates  a cable  communications  system  pursuant  to a
       franchise  agreement  with  the city of  Detroit,  Michigan  (the  "City").
       Effective  December  22,  1994  (see Note 2),  Cable TV became an  indirect
       majority   owned   subsidiary  of  Comcast   Corporation   ("Comcast"),   a
       Pennsylvania corporation which is a publicly owned company.
  
       Basis of Presentation
       The condensed  balance sheet at December 31, 1994 has been  condensed  from
       the audited  balance  sheet at that date.  The  condensed  balance sheet at
       March 31, 1995 and the condensed  statements of operations and  accumulated
       deficit  and of cash flows for the three  months  ended  March 31, 1995 and
       1994 have been  prepared by the  Company  and have not been  audited by the
       Company's  Independent   Auditors.  In  the  opinion  of  management,   all
       adjustments (which include only normal recurring  adjustments) necessary to
       present fairly the financial position, results of operations and cash flows
       as of March 31, 1995 and for all periods presented have been made.
  
       Certain information and note disclosures normally included in the Company's
       annual financial  statements prepared in accordance with generally accepted
       accounting  principles  have been  condensed  or omitted.  These  condensed
       financial  statements  should  be read in  conjunction  with the  financial
       statements  and notes thereto  included in the Company's  December 31, 1994
       Annual  Report  on  Form  10-K  filed  with  the  Securities  and  Exchange
       Commission.  The results of operations  for the period ended March 31, 1995
       are not necessarily indicative of operating results for the full year.
  
       Net (Loss) Income Per Share
       Net (loss)  income  per share is based on the  weighted  average  number of
       common  shares  outstanding.  The Company has no common  share  equivalents
       outstanding.
  
       Reclassifications
       Certain  reclassifications  have been made to the 1994 financial statements
       to conform with the classifications used in 1995.
  
  2.   MACLEAN HUNTER ACQUISITION
  
       On  March  31,  1994,   Rogers   Communications   Inc.   ("RCI")   acquired
       substantially  all of the  outstanding  shares of capital  stock of Maclean
       Hunter  Limited,  which was  formerly  the parent of Maclean  Hunter,  Inc.
       ("MHI").  On December  22,  1994,  pursuant to a share  purchase  agreement
       between  Comcast  and  RCI,  Comcast  MH  Holdings,  Inc.  ("MH  Holdings")
       purchased all of the issued and outstanding  shares of capital stock of MHI
       and, in  conjunction  with a separate  agreement with the  shareholders  of
       Comcast Michigan Holdings,  Inc. (formerly Barden Communications,  Inc. and
       referred to herein as "CMH"),  acquired  all of the issued and  outstanding
       shares  of  capital  stock  of CMH,  for an  aggregate  purchase  price  of
       approximately  $1.2 billion  (subject to certain  adjustments) in cash (the
       purchase  of the  shares of MHI is  referred  to  herein as the "MHI  Share
       Purchase" and,  together with the purchase of the CMH shares, as the "Share
       Purchase").  MH Holdings is an indirect wholly owned  subsidiary of Comcast
       MHCP Holdings,  L.L.C.  ("MHCP"), a Delaware limited liability corporation.
       MHCP is owned 55% by a wholly  owned  subsidiary  of Comcast and 45% by the
       California Public Employees' Retirement System ("CalPERS"),  and is managed
       by Comcast. The MHI Share Purchase resulted in a change
  
  <PAGE>6
  
  
                      CABLEVISION INVESTMENT OF DETROIT, INC.
                                     FORM 10-Q
                            QUARTER ENDED MARCH 31, 1995
                NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
                                    (Unaudited)
  
       of control of the Company because Cable TV, the Company's parent, became an
       indirect  wholly owned  subsidiary of MH Holdings.  In addition,  the Share
       Purchase  resulted  in a change of control of the  Partnership  because the
       partners  became  substantially  indirect  wholly owned  subsidiaries of MH
       Holdings.
  
       As a result of the Share Purchase, a new cost basis was established for the
       purchased assets and liabilities. The financial position of the Company and
       the  Partnership  as of March 31, 1995 and  December  31,  1994,  and their
       results of operations for the three months ended March 31, 1995, reflect an
       allocation of the purchase  price for the Share  Purchase to the assets and
       liabilities of the Company and the Partnership based on relative  estimated
       market values. Such allocation is preliminary pending,  among other things,
       the final  purchase price  adjustment  between  Comcast and RCI.  Financial
       information prior to the Share Purchase with respect to the Company and the
       Partnership  has been presented  herein as  "Predecessor  Corporation"  and
       "Predecessor Partnership," respectively.
  
  3.   INVESTMENT IN COMCAST CABLEVISION OF DETROIT
  
       The Company accounts for its investment in the Partnership under the equity
       method. The Company records its investment at cost and adjusts the recorded
       investment  periodically to recognize the Company's  proportionate share of
       the Partnership's net income or loss after the date of investment,  as well
       as any additional contributions made and distributions received.
  
       The  following  is  summarized  financial  information  with respect to the
       Partnership:
  
         Condensed Financial Position
         (Dollars in thousands)
  <TABLE>
  <CAPTION>
                                                                              March 31,      December 31,
                                                                                1995             1994
                                                                                ----             ----
  <S>                                                                      <C>             <C>
         Current assets..................................................       $4,775           $4,576
         Property and equipment, Net.....................................       58,735           59,358
         Deferred charges, Net...........................................      240,073          245,195
                                                                              --------         --------
                                                                              $303,583         $309,129
                                                                              ========         ========
  
         Current liabilities.............................................      $61,381          $63,136
         Long-term liabilities...........................................      165,080          160,647
         Partners' capital...............................................       77,122           85,346
                                                                              --------         --------
                                                                              $303,583         $309,129
                                                                              ========         ========
  </TABLE>
  
  
  <PAGE>7
  
  
                      CABLEVISION INVESTMENT OF DETROIT, INC.
                                     FORM 10-Q
                            QUARTER ENDED MARCH 31, 1995
                NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
                                    (Unaudited)
  
         Condensed Statement of Operations
         (Dollars in thousands)
  
  <TABLE>
  <CAPTION>
                                                                                            (Predecessor
                                                                                             Partnership)
                                                                                  Three Months Ended
                                                                              March 31,       March 31,
                                                                                1995             1994
  <S>                                                                      <C>                 <C>
         Service income........................................                $16,590          $16,001
                                                                               -------          -------
  
         Operating, selling, general and
          administrative expenses..............................                 10,981           11,087
  
         Depreciation and amortization.........................                  6,534            2,493
                                                                               -------          -------
                                                                                17,515           13,580
                                                                               -------          -------
  
         Operating (loss) income ..............................                   (925)           2,421
  
         Interest expense......................................                  2,967              719
                                                                               -------          -------
  
         Net (loss) income for allocation to partners..........                ($3,892)          $1,702
                                                                               =======          =======
  </TABLE>
  
       Prior  to the  Share  Purchase,  the  Company  was  allocated  10.2% of the
       Partnership's  net  income  or  loss.   Contemporaneously  with  the  Share
       Purchase,  Detroit  Cable  TV,  Inc.  ("Detroit  Cable"),  a  wholly  owned
       subsidiary  of  Cable  TV,  exercised  its  option  to  acquire  additional
       interests in the Partnership of 0.2% from the Company and 0.8% from CMH for
       consideration  previously provided.  Following the Share Purchase,  Detroit
       Cable,   CMH  and  the  Company  hold   interests  of  50%,  40%  and  10%,
       respectively,  in the Partnership.  As a result of the Share Purchase,  the
       Company's recorded investment balance was increased to 10% of the new basis
       of the Partnership's net assets.
  
       Related Party Transactions
       Effective December 22, 1994, management fees are charged to the Partnership
       pursuant to a management  agreement  between  Comcast and MH Holdings  (the
       "Management  Agreement").  Under  the  terms of the  Management  Agreement,
       Comcast will supervise the management and operation of the  Partnership for
       compensation  equal  to  4.5% of the  Partnership's  gross  revenues,  with
       payment  of  one-third  of such fees  being  deferred  by MH  Holdings.  In
       addition,  the  Management  Agreement  provides for the  reimbursement  and
       sharing of certain of Comcast's  actual costs relating to the operations of
       MH Holdings,  including the  operations of the  Partnership.  For the three
       months ended March 31, 1995, the Partnership was charged $747,000 under the
       Management Agreement.
  
       Effective December 22, 1994, the Partnership is also charged by Comcast for
       certain operating  expenses under a separate  agreement between Comcast and
       MH Holdings (the "Cost Sharing  Agreement").  These expenses are charged to
       MH Holdings,  and ultimately the Partnership,  by Comcast on the same basis
       that  approximates  what would have been charged if it  purchased  directly
       from the supplier, subject to certain adjustments and limitations.  For the
       three months ended March 31, 1995,  the amount  charged to the  Partnership
       under the Cost Sharing Agreement was $4.7 million.
  
       Through  November 30, 1994,  the  Partnership  paid to Cable  Management of
       Detroit,  a partnership  formed by Cable TV and CMH, a monthly fee equal to
       6% of the Partnership's gross revenues.  Fees incurred for the three months
       ended March 31, 1994 totalled $960,000.
  
  
  <PAGE>8
  
  
                      CABLEVISION INVESTMENT OF DETROIT, INC.
                                     FORM 10-Q
                            QUARTER ENDED MARCH 31, 1995
                NOTES TO CONDENSED FINANCIAL STATEMENTS - CONCLUDED
                                    (Unaudited)
  
       Through  December 21, 1994,  the  Partnership  purchased  certain  services
       jointly with an affiliate owned by Cable TV. Reimbursement to the affiliate
       for these  services for the three months ended March 31, 1994 totalled $1.8
       million.
  
       Commitments and Contingencies
       The  Partnership is subject to legal  proceedings and claims which arise in
       the ordinary  course of its  business.  In the opinion of  management,  the
       amount  of  ultimate  liability  with  respect  to these  actions  will not
       materially  affect the financial  position and results of operations of the
       Partnership.
  
       On March 30, 1994, the Federal  Communications  Commission  ("FCC"),  among
       other  things,   adopted  interim  regulations  to  govern  cost-of-service
       showings by cable operators, establishing an industry-wide 11.25% after tax
       rate of return and a rebuttable  presumption that  acquisition  costs above
       original historic book value of tangible assets should be excluded from the
       rate  base;  and  reconsidered,   among  other  matters,   its  regulations
       concerning  rates for the addition of regulated  services and the treatment
       of packages of "a la carte" channels.  The Partnership is currently seeking
       to justify  certain of its existing  rates on the basis of  cost-of-service
       showings at the City.  Although  management believes that the Partnership's
       rates are supportable in a cost of service proceeding,  no assurance can be
       given that the  Partnership  will be successful.  If the Partnership is not
       successful in such efforts, and there is no legislative,  administrative or
       judicial relief, the FCC regulations may adversely affect the Partnership's
       results of operations.
  
  4.   STATEMENT OF CASH FLOWS - SUPPLEMENTAL INFORMATION
  
       In connection with the Share Purchase,  MH Holdings  entered into an $850.0
       million credit agreement with certain lenders (the "Credit Agreement").  On
       December 22, 1994, the Partnership entered into a loan assumption agreement
       (the  "Assumption  Agreement")  with MH Holdings  whereby the  Partnership,
       along with  certain  other  subsidiaries  of MH  Holdings,  would  assume a
       portion  of MH  Holdings'  obligations  under  the  Credit  Agreement.  The
       Partnership's  allocated  portion of the total  commitment under the Credit
       Agreement was $184.1 million, of which $154.9 million was outstanding as of
       December 31, 1994. During the three months ended March 31, 1995, additional
       borrowings  were made under the Credit  Agreement and the  Partnership  was
       allocated an additional $4.3 million pursuant to the Assumption  Agreement.
       This resulted in a corresponding decrease in partners' capital. The Company
       has  recorded a  decrease  in its  investment  in the  Partnership  for its
       proportionate  share  of  this  assumed  liability  of  $433,000,   with  a
       corresponding  decrease in additional  capital.  This  transaction has been
       excluded  from the Company's  condensed  statement of cash flows due to its
       noncash nature.
  
  
  <PAGE>9
  
  
                      CABLEVISION INVESTMENT OF DETROIT, INC.
                                     FORM 10-Q
                            QUARTER ENDED MARCH 31, 1995
  
  ITEM 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
          OF OPERATIONS
  
  Organization
  
  Cablevision  Investment of Detroit,  Inc. (the "Company"),  an approximate 96.5%
  owned  subsidiary  of Maclean  Hunter  Cable TV, Inc.  ("Cable  TV"), a Michigan
  corporation,  is a general  partner  which holds a 10%  partnership  interest in
  Comcast  Cablevision of Detroit  (formerly  Barden  Cablevision  and referred to
  herein as the "Partnership"),  a Michigan general  partnership.  The Partnership
  operates a cable  communications  system (the "System")  pursuant to a franchise
  agreement with the city of Detroit,  Michigan (the "City").  Effective  December
  22,  1994,  Cable TV became an indirect  majority  owned  subsidiary  of Comcast
  Corporation  ("Comcast"),  a Pennsylvania  corporation which is a publicly owned
  company.
  
  Maclean Hunter Acquisition
  
  On March 31, 1994, Rogers Communications Inc. ("RCI") acquired substantially all
  of the outstanding shares of capital stock of Maclean Hunter Limited,  which was
  formerly  the parent of Maclean  Hunter,  Inc.  ("MHI").  On December  22, 1994,
  pursuant to a share  purchase  agreement  between  Comcast  and RCI,  Comcast MH
  Holdings,  Inc.  ("MH  Holdings")  purchased  all of the issued and  outstanding
  shares of capital  stock of MHI and, in  conjunction  with a separate  agreement
  with the  shareholders  of Comcast  Michigan  Holdings,  Inc.  (formerly  Barden
  Communications,  Inc.  and  referred  to herein as "CMH"),  acquired  all of the
  issued and outstanding shares of capital stock of CMH, for an aggregate purchase
  price of  approximately  $1.2 billion  (subject to certain  adjustments) in cash
  (the  purchase  of the  shares of MHI is  referred  to herein as the "MHI  Share
  Purchase"  and,  together  with the  purchase of the CMH  shares,  as the "Share
  Purchase").  MH Holdings is an indirect wholly owned  subsidiary of Comcast MHCP
  Holdings,  L.L.C.  ("MHCP"), a Delaware limited liability  corporation.  MHCP is
  owned 55% by a wholly  owned  subsidiary  of Comcast  and 45% by the  California
  Public Employees' Retirement System ("CalPERS"),  and is managed by Comcast. The
  MHI Share Purchase  resulted in a change of control of the Company because Cable
  TV, the  Company's  parent,  became an indirect  wholly owned  subsidiary  of MH
  Holdings. In addition, the Share Purchase resulted in a change of control of the
  Partnership  because the partners  became  substantially  indirect  wholly owned
  subsidiaries of MH Holdings.
  
  Contemporaneously  with the Share  Purchase,  Detroit  Cable TV, Inc.  ("Detroit
  Cable"),  a wholly owned subsidiary of Cable TV, exercised its option to acquire
  additional  interests in the  Partnership of 0.2% from the Company and 0.8% from
  CMH for consideration previously provided. Following the Share Purchase, Detroit
  Cable, CMH and the Company hold interests of 50%, 40% and 10%, respectively,  in
  the Partnership.
  
  Liquidity and Capital Resources
  
  The Company currently does not have any significant capital requirements.
  
  The Partnership's  capital  requirements,  anticipated to be approximately  $5.0
  million in 1995, are  principally  for  maintenance and upgrading of the system.
  The amount of such capital expenditures for years subsequent to 1995 will depend
  on numerous factors, many of which are beyond the Partnership's  control.  These
  factors include whether  competition in the market necessitates a system rebuild
  or  upgrade,  whether the system has  sufficient  capacity to handle new product
  offerings,  including  the offering of cable  telephony  and  telecommunications
  services, and whether and to what extent the Partnership will be able to recover
  its investment under Federal Communications Commission ("FCC") rate guidelines.
  
  <PAGE>10
  
  
                      CABLEVISION INVESTMENT OF DETROIT, INC.
                                     FORM 10-Q
                            QUARTER ENDED MARCH 31, 1995
  
  The Company  believes that the Partnership  will be able to meet its current and
  long-term  liquidity  and  capital  requirements,  including  its fixed  charges
  (interest expense),  through its cash flows from operating  activities and other
  sources of financing.
  
  Results of Operations
  
  As a result of the Share  Purchase,  a new cost  basis was  established  for the
  purchased assets and liabilities.  The financial position of the Company and the
  Partnership  as of March 31, 1995 and December 31,  1994,  and their  results of
  operations  for the three months ended March 31, 1995,  reflect an allocation of
  the purchase price for the Share  Purchase to the assets and  liabilities of the
  Company and the  Partnership  based on relative  estimated  market values.  Such
  allocation is preliminary pending,  among other things, the final purchase price
  adjustment between Comcast and RCI.
  
  Cablevision Investment of Detroit, Inc.
  
  The Company  accounts for its  investment  in the  Partnership  under the equity
  method.  The Company  records its  investment  at cost and adjusts the  recorded
  investment  periodically to recognize the Company's  proportionate  share of the
  Partnership's  net income or loss after the date of  investment,  as well as any
  additional contributions made and distributions received.
  
  The Company  realized net (loss) income of ($309,000)  and $38,000 for the three
  months ended March 31, 1995 and 1994,  respectively.  The results of  operations
  include  equity  in net  (loss)  income of the  Partnership  of  ($389,000)  and
  $174,000,  respectively,  for  those  periods.  The  financial  results  of  the
  Partnership are discussed below.
  
  Comcast Cablevision of Detroit
  
  The Partnership  realized operating income before  depreciation and amortization
  (commonly referred to in the Partnership's business as "operating cash flow") of
  $5.6  million  and $4.9  million for the three  months  ended March 31, 1995 and
  1994,  respectively,  representing an increase of $700,000 or 14%. These changes
  are a result of the items discussed below. Operating cash flow is presented as a
  measure  of  the   Partnership's   ability  to  generate  cash  to  service  its
  obligations,  including  debt service  obligations,  and to finance  capital and
  other  expenditures.  In  part  due  to  the  capital  intensive  nature  of the
  telecommunications  industry and the significant level of non-cash  depreciation
  and amortization  expense,  operating cash flow is frequently used as one of the
  bases for  comparing  companies in the  industry.  Operating  cash flow does not
  purport to represent net income or net cash provided by operating activities, as
  those terms are defined under  generally  accepted  accounting  principles,  and
  should not be considered as an alternative to such  measurements as an indicator
  of the Partnership's performance.
  
  The Partnership  realized  service income of $16.6 million and $16.0 million for
  the three months ended March 31, 1995 and 1994,  respectively,  representing  an
  increase of $600,000 or 4%.  Substantially all of the increase in service income
  is due to the effects of subscriber growth and additional product offerings.
  
  Operating,  selling,  general and administrative expenses were $11.0 million and
  $11.1 million for the three months ended March 31, 1995 and 1994,  respectively.
  Such  expenses  have  remained  consistent  between  periods  primarily  due  to
  operating efficiencies realized as a result of the Share Purchase offset by cost
  increases  predominantly  associated with subscriber  growth.  It is anticipated
  that the Partnership's  cost of cable programming will increase in the future as
  cable  programming  rates increase and additional  sources of cable  programming
  become available.
  
  Depreciation and amortization  expense was $6.5 million and $2.5 million for the
  three  months  ended  March 31,  1995 and 1994,  respectively,  representing  an
  increase  of $4.0  million.  The  increase  is due  primarily  to the effects of
  establishing a new cost basis for the assets purchased in the Share Purchase.
  
  
  <PAGE>11
  
  
                      CABLEVISION INVESTMENT OF DETROIT, INC.
                                     FORM 10-Q
                            QUARTER ENDED MARCH 31, 1995
  
  Interest  expense was $3.0 million and $719,000 for the three months ended March
  31, 1995 and 1994,  respectively,  representing an increase of $2.3 million. The
  increase is principally due to the effects of debt of MH Holdings assumed by the
  Partnership.
  
  Statement of Cash Flows
  
  Cablevision Investment of Detroit, Inc.
  
  Cash  decreased  $1.0  million  at March 31,  1995 from  December  31,  1994 and
  increased  $1.0 million at March 31, 1994 from December 31, 1993.  These changes
  in cash reflect the effects of net investing transactions with affiliates.
  
  Cable Rate Regulation Developments
  
  On March 30, 1994, the FCC, among other things,  adopted interim  regulations to
  govern   cost-of-service   showings   by  cable   operators,   establishing   an
  industry-wide 11.25% after tax rate of return and a rebuttable  presumption that
  acquisition  costs above original  historic book value of tangible assets should
  be excluded  from the rate base;  and  reconsidered,  among other  matters,  its
  regulations  concerning  rates for the  addition of  regulated  services and the
  treatment of packages of "a la carte"  channels.  The  Partnership  is currently
  seeking to justify certain of its existing rates on the basis of cost-of-service
  showings at the City.  Although management believes that the Partnership's rates
  are supportable in a cost of service proceeding,  no assurance can be given that
  the Partnership will be successful. If the Partnership is not successful in such
  efforts, and there is no legislative, administrative or judicial relief, the FCC
  regulations may adversely affect the Partnership's results of operations.
  
  PART II. OTHER INFORMATION
  
       ITEM 6.  Exhibits and Reports on Form 8-K
  
       (a) Exhibits
  
           27     Financial Data Schedule.
  
       (b) Reports on Form 8-K
  
            The Company filed a Current Report on Form 8-K on January 6, 1995.
  
  
  
  
  
  
  <PAGE>12
  
  
                      CABLEVISION INVESTMENT OF DETROIT, INC.
                                     FORM 10-Q
                            QUARTER ENDED MARCH 31, 1995
  
                                     SIGNATURE
  
           Pursuant to the  Requirements  of the  Securities  and  Exchange Act of
  1934,  the  Registrant has duly caused this report to be signed on its behalf by
  the undersigned thereunto duly authorized.
  
  
   
                                     CABLEVISION INVESTMENT OF DETROIT, INC.
                                     --------------------------------------------
  
  
  
  
  
  
  
     
                                     /s/ LAWRENCE S. SMITH
                                     --------------------------------------------
                                     Lawrence S. Smith
                                     Senior Vice President
                                     Accounting and Administration
                                     (Chief Accounting Officer)
  
  
  
  Date: May 15, 1995
metadata_documents: [{"type": "10-Q", "sequence": "1", "secsgml_size_bytes": 42482}]
metadata_filer: {"company-data": {"conformed-name": "CABLEVISION INVESTMENT OF DETROIT INC", "cik": "0000806003", "assigned-sic": "4841", "irs-number": "382697922", "state-of-incorporation": "MI", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "10-Q", "act": "34", "file-number": "000-16767", "film-number": "95538900"}, "business-address": {"street1": "C/O COMCAST CORP", "street2": "1500 MARKET STREET", "city": "PHILADELPHIA", "state": "PA", "zip": "19102-2148", "phone": "215-665-1700"}, "mail-address": {"street1": "C/O COMCAST CORP", "street2": "1500 MARKET STREET", "city": "PHILADELPHIA", "state": "PA", "zip": "19102-2148"}}
text: UNITED STATES
                         SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C. 20549
  
                                     FORM 10-Q
  (Mark One)
  
  (X)  Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange
       Act of 1934 For the Quarterly Period Ended:
  
                                   MARCH 31, 1995
  
                                         OR
  
  ( )  Transition  Report  pursuant  to Section  13 or 15(d) of the  Securities
       Exchange Act of 1934 For the Transition Period from ________ to ________.
  
                           Commission File Number 0-16767
  
                      CABLEVISION INVESTMENT OF DETROIT, INC.
               (Exact name of registrant as specified in its charter)
  
             MICHIGAN                                    38-2697922
  - - - - - -------------------------------------------------------------------------------
   (State or other jurisdiction of                    (I.R.S. Employer
    incorporation or organization)                    Identification No.)
  
                              c/o Comcast Corporation
                  1500 Market Street, Philadelphia, PA 19102-2148
  - - - - - -------------------------------------------------------------------------------
                      (Address of principal executive offices)
                                     (Zip Code)
  
  Registrant's telephone number, including area code:  (215) 665-1700
  
                             --------------------------
  
  Indicate by check mark whether the registrant (1) has filed all reports required
  to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
  the preceding  twelve months (or for such shorter period that the registrant was
  required to file such  reports),  and (2) has been subject to such  requirements
  for the past 90 days.
  
           Yes  X                                   No
  
                             --------------------------
  
  As of March 31, 1995, there were 1,000,000 shares of Common Stock outstanding.
  CABLEVISION INVESTMENT OF DETROIT, INC.
                                     FORM 10-Q
                            QUARTER ENDED MARCH 31, 1995
  
                                 TABLE OF CONTENTS
  
                                                                             Page
                                                                            Number
  
  PART I.  FINANCIAL INFORMATION
  
           Item 1.   Financial Statements
  
                     Condensed Balance Sheet at March 31, 1995
                     and December 31, 1994 (Unaudited)..........................2
  
                     Condensed Statement of Operations and
                     Accumulated Deficit for the Three Months
                     Ended March 31, 1995 and 1994 (Unaudited)..................3
  
                     Condensed Statement of Cash Flows for the
                     Three Months Ended March 31, 1995 and 1994
                     (Unaudited)................................................4
  
                     Notes to Condensed Financial Statements
                     (Unaudited)............................................5 - 8
  
           Item 2.   Management's Discussion and Analysis
                     of Financial Condition and Results of
                     Operations............................................9 - 11
  
  PART II. OTHER INFORMATION
  
           Item 6.   Exhibits and Reports on Form 8-K..........................11
  2
  
                      CABLEVISION INVESTMENT OF DETROIT, INC.
                                     FORM 10-Q
                            QUARTER ENDED MARCH 31, 1995
  
  PART I.  FINANCIAL INFORMATION
  
  ITEM 1.  FINANCIAL STATEMENTS
  
                              CONDENSED BALANCE SHEET
                                    (Unaudited)
  (Dollars in thousands)
                                                                           March 31,                December 31,
                                                                             1995                      1994
                                                                          ----------                ------------
  ASSETS
  
  CURRENT ASSETS
      Cash..........................................................             $103                    $1,125
      Due from affiliate............................................            1,033
      Other assets..................................................                                          4
                                                                              -------                   -------
            Total Current Assets....................................            1,136                     1,129
                                                                              -------                   -------
  
  INVESTMENT IN COMCAST CABLEVISION OF DETROIT......................            7,712                     8,534
                                                                              -------                   -------
  
  DEFERRED CHARGES..................................................            7,839                     7,839
      Accumulated amortization......................................             (116)                      (18)
                                                                              -------                   -------
      Deferred charges, Net.........................................            7,723                     7,821
                                                                              -------                   -------
                                                                   .          $16,571                   $17,484
                                                                              =======                   =======
  
  LIABILITIES AND STOCKHOLDERS' EQUITY
  
  CURRENT LIABILITIES
      Accounts payable .............................................               $8                       $12
                                                                              -------                   -------
            Total Current Liabilities...............................                8                        12
                                                                              -------                   -------
  
  DEFERRED INCOME TAXES.............................................            7,656                     7,823
                                                                              -------                   -------
  
  COMMITMENTS AND CONTINGENCIES
  
  STOCKHOLDERS' EQUITY
      Common stock, $.01 par value - authorized,
         4,000,000 shares; issued, 1,000,000 .......................               10                        10
      Additional capital............................................            9,253                     9,686
      Accumulated deficit...........................................             (356)                      (47)
                                                                              -------                   -------
            Total Stockholders' Equity..............................            8,907                     9,649
                                                                              -------                   -------
                                                                              $16,571                   $17,484
                                                                              =======                   =======
  See notes to condensed financial statements.
  3
  
                      CABLEVISION INVESTMENT OF DETROIT, INC.
                                     FORM 10-Q
                            QUARTER ENDED MARCH 31, 1995
             CONDENSED STATEMENT OF OPERATIONS AND ACCUMULATED DEFICIT
                                    (Unaudited)
  (Dollars in thousands,
                                                                                 except per share data)
                                                                              Three Months Ended March 31,
                                                                             1995                      1994
                                                                                                  (Predecessor
                                                                                                  Corporation)
  INCOME
      Interest income.......................................                 $11                         $9
      Equity in net (loss) income of Comcast
         Cablevision of Detroit.............................                (389)                       174
                                                                       ---------                  ---------
                                                                            (378)                       183
                                                                       ---------                  ---------
  
  EXPENSES
      Amortization..........................................                  98                        141
      Administrative........................................                                              4
                                                                       ---------                  ---------
                                                                              98                        145
                                                                       ---------                  ---------
  (LOSS) INCOME BEFORE INCOME
      TAX BENEFIT ..........................................                (476)                        38
                                                                       ---------                  ---------
  
  INCOME TAX BENEFIT........................................                (167)
                                                                       ---------                  ---------
  
  NET (LOSS) INCOME.........................................                (309)                        38
  
  ACCUMULATED DEFICIT
      Beginning of period...................................                 (47)                    (3,465)
                                                                       ---------                  ---------
      End of period.........................................               ($356)                   ($3,427)
                                                                       =========                  =========
  
  NET (LOSS) INCOME PER SHARE...............................               ($.31)                      $.04
                                                                       =========                  =========
  
  WEIGHTED AVERAGE NUMBER OF
      COMMON SHARES OUTSTANDING
      DURING THE PERIOD.....................................           1,000,000                  1,000,000
                                                                       =========                  =========
  See notes to condensed financial statements.
  4
  
                      CABLEVISION INVESTMENT OF DETROIT, INC.
                                     FORM 10-Q
                            QUARTER ENDED MARCH 31, 1995
                         CONDENSED STATEMENT OF CASH FLOWS
                                    (Unaudited)
  (Dollars in thousands)
                                                                              Three Months Ended March 31,
                                                                             1995                      1994
                                                                          ----------                 -------
                                                                                                   (Predecessor
                                                                                                    Corporation)
  OPERATING ACTIVITIES
       Net (loss) income .......................................           ($309)                       $38
          Noncash items included in net (loss) income:
             Equity in net loss (income) of Comcast
                 Cablevision of Detroit.........................             389                       (174)
             Amortization.......................................              98                        141
             Deferred income tax benefit........................            (167)
                                                                          ------                     ------
                                                                              11                          5
          Decrease in other assets..............................               4
          Decrease in accounts payable..........................              (4)                        (2)
                                                                          ------                     ------
                 Net cash provided by operating activities......              11                          3
                                                                          ------                     ------
  
  INVESTING ACTIVITIES
       Net transactions with affiliates.........................          (1,033)                     1,000
                                                                          ------                     ------
                 Net cash (used in) provided by investing
                     activities.................................          (1,033)                     1,000
                                                                          ------                     ------
  
  (DECREASE) INCREASE IN CASH...................................          (1,022)                     1,003
       Cash, Beginning of Period................................           1,125                        119
                                                                          ------                     ------
  CASH, End of Period...........................................            $103                     $1,122
                                                                          ======                     ======
  See notes to condensed financial statements.
  5
  
                      CABLEVISION INVESTMENT OF DETROIT, INC.
                                     FORM 10-Q
                            QUARTER ENDED MARCH 31, 1995
                      NOTES TO CONDENSED FINANCIAL STATEMENTS
                                    (Unaudited)
  
  1.   CONDENSED FINANCIAL STATEMENTS
  
       Organization
       Cablevision  Investment of Detroit,  Inc. (the  "Company"),  an approximate
       96.5% owned  subsidiary  of Maclean  Hunter Cable TV, Inc.  ("Cable TV"), a
       Michigan  corporation,  is a general  partner which holds a 10% partnership
       interest in Comcast Cablevision of Detroit (formerly Barden Cablevision and
       referred to herein as the "Partnership"),  a Michigan general  partnership.
       The  Partnership  operates  a cable  communications  system  pursuant  to a
       franchise  agreement  with  the city of  Detroit,  Michigan  (the  "City").
       Effective  December  22,  1994  (see Note 2),  Cable TV became an  indirect
       majority   owned   subsidiary  of  Comcast   Corporation   ("Comcast"),   a
       Pennsylvania corporation which is a publicly owned company.
  
       Basis of Presentation
       The condensed  balance sheet at December 31, 1994 has been  condensed  from
       the audited  balance  sheet at that date.  The  condensed  balance sheet at
       March 31, 1995 and the condensed  statements of operations and  accumulated
       deficit  and of cash flows for the three  months  ended  March 31, 1995 and
       1994 have been  prepared by the  Company  and have not been  audited by the
       Company's  Independent   Auditors.  In  the  opinion  of  management,   all
       adjustments (which include only normal recurring  adjustments) necessary to
       present fairly the financial position, results of operations and cash flows
       as of March 31, 1995 and for all periods presented have been made.
  
       Certain information and note disclosures normally included in the Company's
       annual financial  statements prepared in accordance with generally accepted
       accounting  principles  have been  condensed  or omitted.  These  condensed
       financial  statements  should  be read in  conjunction  with the  financial
       statements  and notes thereto  included in the Company's  December 31, 1994
       Annual  Report  on  Form  10-K  filed  with  the  Securities  and  Exchange
       Commission.  The results of operations  for the period ended March 31, 1995
       are not necessarily indicative of operating results for the full year.
  
       Net (Loss) Income Per Share
       Net (loss)  income  per share is based on the  weighted  average  number of
       common  shares  outstanding.  The Company has no common  share  equivalents
       outstanding.
  
       Reclassifications
       Certain  reclassifications  have been made to the 1994 financial statements
       to conform with the classifications used in 1995.
  
  2.   MACLEAN HUNTER ACQUISITION
  
       On  March  31,  1994,   Rogers   Communications   Inc.   ("RCI")   acquired
       substantially  all of the  outstanding  shares of capital  stock of Maclean
       Hunter  Limited,  which was  formerly  the parent of Maclean  Hunter,  Inc.
       ("MHI").  On December  22,  1994,  pursuant to a share  purchase  agreement
       between  Comcast  and  RCI,  Comcast  MH  Holdings,  Inc.  ("MH  Holdings")
       purchased all of the issued and outstanding  shares of capital stock of MHI
       and, in  conjunction  with a separate  agreement with the  shareholders  of
       Comcast Michigan Holdings,  Inc. (formerly Barden Communications,  Inc. and
       referred to herein as "CMH"),  acquired  all of the issued and  outstanding
       shares  of  capital  stock  of CMH,  for an  aggregate  purchase  price  of
       approximately  $1.2 billion  (subject to certain  adjustments) in cash (the
       purchase  of the  shares of MHI is  referred  to  herein as the "MHI  Share
       Purchase" and,  together with the purchase of the CMH shares, as the "Share
       Purchase").  MH Holdings is an indirect wholly owned  subsidiary of Comcast
       MHCP Holdings,  L.L.C.  ("MHCP"), a Delaware limited liability corporation.
       MHCP is owned 55% by a wholly  owned  subsidiary  of Comcast and 45% by the
       California Public Employees' Retirement System ("CalPERS"),  and is managed
       by Comcast. The MHI Share Purchase resulted in a change
  6
  
                      CABLEVISION INVESTMENT OF DETROIT, INC.
                                     FORM 10-Q
                            QUARTER ENDED MARCH 31, 1995
                NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
                                    (Unaudited)
  
       of control of the Company because Cable TV, the Company's parent, became an
       indirect  wholly owned  subsidiary of MH Holdings.  In addition,  the Share
       Purchase  resulted  in a change of control of the  Partnership  because the
       partners  became  substantially  indirect  wholly owned  subsidiaries of MH
       Holdings.
  
       As a result of the Share Purchase, a new cost basis was established for the
       purchased assets and liabilities. The financial position of the Company and
       the  Partnership  as of March 31, 1995 and  December  31,  1994,  and their
       results of operations for the three months ended March 31, 1995, reflect an
       allocation of the purchase  price for the Share  Purchase to the assets and
       liabilities of the Company and the Partnership based on relative  estimated
       market values. Such allocation is preliminary pending,  among other things,
       the final  purchase price  adjustment  between  Comcast and RCI.  Financial
       information prior to the Share Purchase with respect to the Company and the
       Partnership  has been presented  herein as  "Predecessor  Corporation"  and
       "Predecessor Partnership," respectively.
  
  3.   INVESTMENT IN COMCAST CABLEVISION OF DETROIT
  
       The Company accounts for its investment in the Partnership under the equity
       method. The Company records its investment at cost and adjusts the recorded
       investment  periodically to recognize the Company's  proportionate share of
       the Partnership's net income or loss after the date of investment,  as well
       as any additional contributions made and distributions received.
  
       The  following  is  summarized  financial  information  with respect to the
       Partnership:
  
         Condensed Financial Position
         (Dollars in thousands)
  March 31,      December 31,
                                                                                1995             1994
                                                                                ----             ----
  Current assets..................................................       $4,775           $4,576
         Property and equipment, Net.....................................       58,735           59,358
         Deferred charges, Net...........................................      240,073          245,195
                                                                              --------         --------
                                                                              $303,583         $309,129
                                                                              ========         ========
  
         Current liabilities.............................................      $61,381          $63,136
         Long-term liabilities...........................................      165,080          160,647
         Partners' capital...............................................       77,122           85,346
                                                                              --------         --------
                                                                              $303,583         $309,129
                                                                              ========         ========
  7
  
                      CABLEVISION INVESTMENT OF DETROIT, INC.
                                     FORM 10-Q
                            QUARTER ENDED MARCH 31, 1995
                NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
                                    (Unaudited)
  
         Condensed Statement of Operations
         (Dollars in thousands)
  (Predecessor
                                                                                             Partnership)
                                                                                  Three Months Ended
                                                                              March 31,       March 31,
                                                                                1995             1994
  Service income........................................                $16,590          $16,001
                                                                               -------          -------
  
         Operating, selling, general and
          administrative expenses..............................                 10,981           11,087
  
         Depreciation and amortization.........................                  6,534            2,493
                                                                               -------          -------
                                                                                17,515           13,580
                                                                               -------          -------
  
         Operating (loss) income ..............................                   (925)           2,421
  
         Interest expense......................................                  2,967              719
                                                                               -------          -------
  
         Net (loss) income for allocation to partners..........                ($3,892)          $1,702
                                                                               =======          =======
  Prior  to the  Share  Purchase,  the  Company  was  allocated  10.2% of the
       Partnership's  net  income  or  loss.   Contemporaneously  with  the  Share
       Purchase,  Detroit  Cable  TV,  Inc.  ("Detroit  Cable"),  a  wholly  owned
       subsidiary  of  Cable  TV,  exercised  its  option  to  acquire  additional
       interests in the Partnership of 0.2% from the Company and 0.8% from CMH for
       consideration  previously provided.  Following the Share Purchase,  Detroit
       Cable,   CMH  and  the  Company  hold   interests  of  50%,  40%  and  10%,
       respectively,  in the Partnership.  As a result of the Share Purchase,  the
       Company's recorded investment balance was increased to 10% of the new basis
       of the Partnership's net assets.
  
       Related Party Transactions
       Effective December 22, 1994, management fees are charged to the Partnership
       pursuant to a management  agreement  between  Comcast and MH Holdings  (the
       "Management  Agreement").  Under  the  terms of the  Management  Agreement,
       Comcast will supervise the management and operation of the  Partnership for
       compensation  equal  to  4.5% of the  Partnership's  gross  revenues,  with
       payment  of  one-third  of such fees  being  deferred  by MH  Holdings.  In
       addition,  the  Management  Agreement  provides for the  reimbursement  and
       sharing of certain of Comcast's  actual costs relating to the operations of
       MH Holdings,  including the  operations of the  Partnership.  For the three
       months ended March 31, 1995, the Partnership was charged $747,000 under the
       Management Agreement.
  
       Effective December 22, 1994, the Partnership is also charged by Comcast for
       certain operating  expenses under a separate  agreement between Comcast and
       MH Holdings (the "Cost Sharing  Agreement").  These expenses are charged to
       MH Holdings,  and ultimately the Partnership,  by Comcast on the same basis
       that  approximates  what would have been charged if it  purchased  directly
       from the supplier, subject to certain adjustments and limitations.  For the
       three months ended March 31, 1995,  the amount  charged to the  Partnership
       under the Cost Sharing Agreement was $4.7 million.
  
       Through  November 30, 1994,  the  Partnership  paid to Cable  Management of
       Detroit,  a partnership  formed by Cable TV and CMH, a monthly fee equal to
       6% of the Partnership's gross revenues.  Fees incurred for the three months
       ended March 31, 1994 totalled $960,000.
  8
  
                      CABLEVISION INVESTMENT OF DETROIT, INC.
                                     FORM 10-Q
                            QUARTER ENDED MARCH 31, 1995
                NOTES TO CONDENSED FINANCIAL STATEMENTS - CONCLUDED
                                    (Unaudited)
  
       Through  December 21, 1994,  the  Partnership  purchased  certain  services
       jointly with an affiliate owned by Cable TV. Reimbursement to the affiliate
       for these  services for the three months ended March 31, 1994 totalled $1.8
       million.
  
       Commitments and Contingencies
       The  Partnership is subject to legal  proceedings and claims which arise in
       the ordinary  course of its  business.  In the opinion of  management,  the
       amount  of  ultimate  liability  with  respect  to these  actions  will not
       materially  affect the financial  position and results of operations of the
       Partnership.
  
       On March 30, 1994, the Federal  Communications  Commission  ("FCC"),  among
       other  things,   adopted  interim  regulations  to  govern  cost-of-service
       showings by cable operators, establishing an industry-wide 11.25% after tax
       rate of return and a rebuttable  presumption that  acquisition  costs above
       original historic book value of tangible assets should be excluded from the
       rate  base;  and  reconsidered,   among  other  matters,   its  regulations
       concerning  rates for the addition of regulated  services and the treatment
       of packages of "a la carte" channels.  The Partnership is currently seeking
       to justify  certain of its existing  rates on the basis of  cost-of-service
       showings at the City.  Although  management believes that the Partnership's
       rates are supportable in a cost of service proceeding,  no assurance can be
       given that the  Partnership  will be successful.  If the Partnership is not
       successful in such efforts, and there is no legislative,  administrative or
       judicial relief, the FCC regulations may adversely affect the Partnership's
       results of operations.
  
  4.   STATEMENT OF CASH FLOWS - SUPPLEMENTAL INFORMATION
  
       In connection with the Share Purchase,  MH Holdings  entered into an $850.0
       million credit agreement with certain lenders (the "Credit Agreement").  On
       December 22, 1994, the Partnership entered into a loan assumption agreement
       (the  "Assumption  Agreement")  with MH Holdings  whereby the  Partnership,
       along with  certain  other  subsidiaries  of MH  Holdings,  would  assume a
       portion  of MH  Holdings'  obligations  under  the  Credit  Agreement.  The
       Partnership's  allocated  portion of the total  commitment under the Credit
       Agreement was $184.1 million, of which $154.9 million was outstanding as of
       December 31, 1994. During the three months ended March 31, 1995, additional
       borrowings  were made under the Credit  Agreement and the  Partnership  was
       allocated an additional $4.3 million pursuant to the Assumption  Agreement.
       This resulted in a corresponding decrease in partners' capital. The Company
       has  recorded a  decrease  in its  investment  in the  Partnership  for its
       proportionate  share  of  this  assumed  liability  of  $433,000,   with  a
       corresponding  decrease in additional  capital.  This  transaction has been
       excluded  from the Company's  condensed  statement of cash flows due to its
       noncash nature.
  9
  
                      CABLEVISION INVESTMENT OF DETROIT, INC.
                                     FORM 10-Q
                            QUARTER ENDED MARCH 31, 1995
  
  ITEM 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
          OF OPERATIONS
  
  Organization
  
  Cablevision  Investment of Detroit,  Inc. (the "Company"),  an approximate 96.5%
  owned  subsidiary  of Maclean  Hunter  Cable TV, Inc.  ("Cable  TV"), a Michigan
  corporation,  is a general  partner  which holds a 10%  partnership  interest in
  Comcast  Cablevision of Detroit  (formerly  Barden  Cablevision  and referred to
  herein as the "Partnership"),  a Michigan general  partnership.  The Partnership
  operates a cable  communications  system (the "System")  pursuant to a franchise
  agreement with the city of Detroit,  Michigan (the "City").  Effective  December
  22,  1994,  Cable TV became an indirect  majority  owned  subsidiary  of Comcast
  Corporation  ("Comcast"),  a Pennsylvania  corporation which is a publicly owned
  company.
  
  Maclean Hunter Acquisition
  
  On March 31, 1994, Rogers Communications Inc. ("RCI") acquired substantially all
  of the outstanding shares of capital stock of Maclean Hunter Limited,  which was
  formerly  the parent of Maclean  Hunter,  Inc.  ("MHI").  On December  22, 1994,
  pursuant to a share  purchase  agreement  between  Comcast  and RCI,  Comcast MH
  Holdings,  Inc.  ("MH  Holdings")  purchased  all of the issued and  outstanding
  shares of capital  stock of MHI and, in  conjunction  with a separate  agreement
  with the  shareholders  of Comcast  Michigan  Holdings,  Inc.  (formerly  Barden
  Communications,  Inc.  and  referred  to herein as "CMH"),  acquired  all of the
  issued and outstanding shares of capital stock of CMH, for an aggregate purchase
  price of  approximately  $1.2 billion  (subject to certain  adjustments) in cash
  (the  purchase  of the  shares of MHI is  referred  to herein as the "MHI  Share
  Purchase"  and,  together  with the  purchase of the CMH  shares,  as the "Share
  Purchase").  MH Holdings is an indirect wholly owned  subsidiary of Comcast MHCP
  Holdings,  L.L.C.  ("MHCP"), a Delaware limited liability  corporation.  MHCP is
  owned 55% by a wholly  owned  subsidiary  of Comcast  and 45% by the  California
  Public Employees' Retirement System ("CalPERS"),  and is managed by Comcast. The
  MHI Share Purchase  resulted in a change of control of the Company because Cable
  TV, the  Company's  parent,  became an indirect  wholly owned  subsidiary  of MH
  Holdings. In addition, the Share Purchase resulted in a change of control of the
  Partnership  because the partners  became  substantially  indirect  wholly owned
  subsidiaries of MH Holdings.
  
  Contemporaneously  with the Share  Purchase,  Detroit  Cable TV, Inc.  ("Detroit
  Cable"),  a wholly owned subsidiary of Cable TV, exercised its option to acquire
  additional  interests in the  Partnership of 0.2% from the Company and 0.8% from
  CMH for consideration previously provided. Following the Share Purchase, Detroit
  Cable, CMH and the Company hold interests of 50%, 40% and 10%, respectively,  in
  the Partnership.
  
  Liquidity and Capital Resources
  
  The Company currently does not have any significant capital requirements.
  
  The Partnership's  capital  requirements,  anticipated to be approximately  $5.0
  million in 1995, are  principally  for  maintenance and upgrading of the system.
  The amount of such capital expenditures for years subsequent to 1995 will depend
  on numerous factors, many of which are beyond the Partnership's  control.  These
  factors include whether  competition in the market necessitates a system rebuild
  or  upgrade,  whether the system has  sufficient  capacity to handle new product
  offerings,  including  the offering of cable  telephony  and  telecommunications
  services, and whether and to what extent the Partnership will be able to recover
  its investment under Federal Communications Commission ("FCC") rate guidelines.
  10
  
                      CABLEVISION INVESTMENT OF DETROIT, INC.
                                     FORM 10-Q
                            QUARTER ENDED MARCH 31, 1995
  
  The Company  believes that the Partnership  will be able to meet its current and
  long-term  liquidity  and  capital  requirements,  including  its fixed  charges
  (interest expense),  through its cash flows from operating  activities and other
  sources of financing.
  
  Results of Operations
  
  As a result of the Share  Purchase,  a new cost  basis was  established  for the
  purchased assets and liabilities.  The financial position of the Company and the
  Partnership  as of March 31, 1995 and December 31,  1994,  and their  results of
  operations  for the three months ended March 31, 1995,  reflect an allocation of
  the purchase price for the Share  Purchase to the assets and  liabilities of the
  Company and the  Partnership  based on relative  estimated  market values.  Such
  allocation is preliminary pending,  among other things, the final purchase price
  adjustment between Comcast and RCI.
  
  Cablevision Investment of Detroit, Inc.
  
  The Company  accounts for its  investment  in the  Partnership  under the equity
  method.  The Company  records its  investment  at cost and adjusts the  recorded
  investment  periodically to recognize the Company's  proportionate  share of the
  Partnership's  net income or loss after the date of  investment,  as well as any
  additional contributions made and distributions received.
  
  The Company  realized net (loss) income of ($309,000)  and $38,000 for the three
  months ended March 31, 1995 and 1994,  respectively.  The results of  operations
  include  equity  in net  (loss)  income of the  Partnership  of  ($389,000)  and
  $174,000,  respectively,  for  those  periods.  The  financial  results  of  the
  Partnership are discussed below.
  
  Comcast Cablevision of Detroit
  
  The Partnership  realized operating income before  depreciation and amortization
  (commonly referred to in the Partnership's business as "operating cash flow") of
  $5.6  million  and $4.9  million for the three  months  ended March 31, 1995 and
  1994,  respectively,  representing an increase of $700,000 or 14%. These changes
  are a result of the items discussed below. Operating cash flow is presented as a
  measure  of  the   Partnership's   ability  to  generate  cash  to  service  its
  obligations,  including  debt service  obligations,  and to finance  capital and
  other  expenditures.  In  part  due  to  the  capital  intensive  nature  of the
  telecommunications  industry and the significant level of non-cash  depreciation
  and amortization  expense,  operating cash flow is frequently used as one of the
  bases for  comparing  companies in the  industry.  Operating  cash flow does not
  purport to represent net income or net cash provided by operating activities, as
  those terms are defined under  generally  accepted  accounting  principles,  and
  should not be considered as an alternative to such  measurements as an indicator
  of the Partnership's performance.
  
  The Partnership  realized  service income of $16.6 million and $16.0 million for
  the three months ended March 31, 1995 and 1994,  respectively,  representing  an
  increase of $600,000 or 4%.  Substantially all of the increase in service income
  is due to the effects of subscriber growth and additional product offerings.
  
  Operating,  selling,  general and administrative expenses were $11.0 million and
  $11.1 million for the three months ended March 31, 1995 and 1994,  respectively.
  Such  expenses  have  remained  consistent  between  periods  primarily  due  to
  operating efficiencies realized as a result of the Share Purchase offset by cost
  increases  predominantly  associated with subscriber  growth.  It is anticipated
  that the Partnership's  cost of cable programming will increase in the future as
  cable  programming  rates increase and additional  sources of cable  programming
  become available.
  
  Depreciation and amortization  expense was $6.5 million and $2.5 million for the
  three  months  ended  March 31,  1995 and 1994,  respectively,  representing  an
  increase  of $4.0  million.  The  increase  is due  primarily  to the effects of
  establishing a new cost basis for the assets purchased in the Share Purchase.
  11
  
                      CABLEVISION INVESTMENT OF DETROIT, INC.
                                     FORM 10-Q
                            QUARTER ENDED MARCH 31, 1995
  
  Interest  expense was $3.0 million and $719,000 for the three months ended March
  31, 1995 and 1994,  respectively,  representing an increase of $2.3 million. The
  increase is principally due to the effects of debt of MH Holdings assumed by the
  Partnership.
  
  Statement of Cash Flows
  
  Cablevision Investment of Detroit, Inc.
  
  Cash  decreased  $1.0  million  at March 31,  1995 from  December  31,  1994 and
  increased  $1.0 million at March 31, 1994 from December 31, 1993.  These changes
  in cash reflect the effects of net investing transactions with affiliates.
  
  Cable Rate Regulation Developments
  
  On March 30, 1994, the FCC, among other things,  adopted interim  regulations to
  govern   cost-of-service   showings   by  cable   operators,   establishing   an
  industry-wide 11.25% after tax rate of return and a rebuttable  presumption that
  acquisition  costs above original  historic book value of tangible assets should
  be excluded  from the rate base;  and  reconsidered,  among other  matters,  its
  regulations  concerning  rates for the  addition of  regulated  services and the
  treatment of packages of "a la carte"  channels.  The  Partnership  is currently
  seeking to justify certain of its existing rates on the basis of cost-of-service
  showings at the City.  Although management believes that the Partnership's rates
  are supportable in a cost of service proceeding,  no assurance can be given that
  the Partnership will be successful. If the Partnership is not successful in such
  efforts, and there is no legislative, administrative or judicial relief, the FCC
  regulations may adversely affect the Partnership's results of operations.
  
  PART II. OTHER INFORMATION
  
       ITEM 6.  Exhibits and Reports on Form 8-K
  
       (a) Exhibits
  
           27     Financial Data Schedule.
  
       (b) Reports on Form 8-K
  
            The Company filed a Current Report on Form 8-K on January 6, 1995.
  12
  
                      CABLEVISION INVESTMENT OF DETROIT, INC.
                                     FORM 10-Q
                            QUARTER ENDED MARCH 31, 1995
  
                                     SIGNATURE
  
           Pursuant to the  Requirements  of the  Securities  and  Exchange Act of
  1934,  the  Registrant has duly caused this report to be signed on its behalf by
  the undersigned thereunto duly authorized.
  
   
                                     CABLEVISION INVESTMENT OF DETROIT, INC.
                                     --------------------------------------------
  
     
                                     /s/ LAWRENCE S. SMITH
                                     --------------------------------------------
                                     Lawrence S. Smith
                                     Senior Vice President
                                     Accounting and Administration
                                     (Chief Accounting Officer)
  
  Date: May 15, 1995