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BERNICK AND LIFSON <br /> A PROFESSIONAL ASSOCIATION <br /> The character qualifications of Meredith, as well as its <br /> owners are satisfactory. Meredith has provided information showing <br /> that neither it nor any principal or parent has ever been convicted <br /> in a criminal proceeding of any crimes against character. <br /> Meredith has provided the Commission with the following <br /> corporate and partnership documents: <br /> North Central Cable Communications Corporation Stock Purchase <br /> Agreement <br /> North Central Cable Communications Corporation Interim Stock <br /> Purchase Agreement <br /> Meredith/New Heritage Strategic Partners L.P. Restated <br /> Agreement of Limited Partnership <br /> Meredith/New Heritage Partnership Agreement <br /> New Heritage Associates Partnership Agreement <br /> Meredith Corporation 1991 Annual Report <br /> Secretary's Certificates of Ingersoll Group, Inc. , Meredith <br /> Corporation and Meredith Cable, Inc. certifying their <br /> respective Articles of Incorporation and Bylaws <br /> Based upon review of the information provided, it would appear <br /> that the Commission could not withhold approval of the transfer <br /> based upon the legal or character qualifications of Meredith, its <br /> principals, or the entities which retain ownership interest in <br /> Meredith. <br /> V. <br /> TECHNICAL ABILITY <br /> The technical ability factor relates to the technical <br /> expertise and experience of Meredith in operating and maintaining <br /> a cable system. This analysis focuses on the current and former <br /> experience of the proposed Transferee. Since Meredith is a newly <br /> created entity, it is necessary to review the cable management <br /> performance and experience of the individuals who will manage <br /> Meredith. The Commission has been provided with information <br /> regarding the experience of the principles of the proposed new <br /> owners. The entire management team were previously involved in the <br /> 5 <br />