Insight Communications
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For the African advertising company, see Insight communications limited.
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| 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 an American multiple system operator (MSO) that serves the states of Kentucky, Indiana and Ohio. Insight provides analog and digital video, broadband Internet, and voice telephone services.[1]
[edit] 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 February 2012.[2]
[edit] References
[edit] External links
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