Insight Communications

For the African advertising company, see Insight communications limited.
Insight Communications Company, Inc.
Type Private
Industry Telecommunications
Fate Acquisition pending by Time Warner Cable
Founded 1985
Headquarters New York City, New York, USA
Key people Michael S. Willner
Dinni Jain
John Abbot
Hamid Heidary
Sidney R. Knafel
Products Cablecasting, Broadband Internet, Phone
Revenue $1.26 billion USD
Net income Unknown
Owner(s) The Carlyle Group
Employees Unknown
Website www.myinsight.com

Insight Communications is the 13th largest multiple system operator (MSO) in the United States with approximately 692,000 customers[1] in the three contiguous states of Kentucky, Indiana and Ohio. Insight offers bundled, analog and digital video, broadband Internet, and voice telephone services.[2]

Contents

Breakup of Insight Midwest partnership

On Monday, April 2, 2007, Insight and Comcast announced that they were unraveling Insight Midwest partnership, a group of cable systems that were managed by Insight under the Insight name, but with equal ownership shared between Comcast and Insight. In the split Comcast acquired as direct customers the Illinois subscribers and most of the Indiana subscribers. Insight gained complete ownership of cable systems in Kentucky, Evansville, Indiana and Columbus, Ohio. This transaction removed Insight from the Illinois market, as well as much of the Indiana market.[3]

Acquisition by Time Warner Cable

On August 13, 2011, Time Warner Cable announced its purchase of Insight Communications for $3 billion; as a result, Time Warner Cable will acquire Insight's 700,000 subscribers nationwide. The sale will create cost efficiencies of approximately $100 million annually through savings on programming expenses and other cost reductions, with the bulk of the savings realized within two years of the close of sale. With Insight's 2011 conversion of its television services from analog to digital, Time Warner Cable expects Insight to have lower capital requirements of 10%-12% of revenues upon completion of the acquisition, which is subject to approval by the Federal Communications Commission and Insight franchisees. The acquisition, and full transfer of Insight subscribers to Time Warner is expected to be completed by the end of January 2012.[4]

References

  1. ^ [1]
  2. ^ Top 25 MSOs - NCTA.com
  3. ^ Insight and Comcast Agree to Divide Insight Midwest Partnership
  4. ^ BREAKING: Time Warner Cable to buy Insight Communications in $3b deal

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