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Insight Communications

Insight Communications Company, Inc.
Type Private
Industry Telecommunications
Founded 1985
Headquarters Cincinnati, Ohio, USA
Products Cablecasting, Broadband Internet, Phone
Revenue $1.26 billion USD
Net income Unknown
Owners Insight Communications
Employees 2,777 (as of 9/30/2011)
Website www.myinsight.com

Insight Communications Is a American multiple system operator (MSO) that served the states of Kentucky, Indiana and Ohio. Until its purchase by Time Warner Cable in 2011, Insight was the ninth largest cable operator in the United States with 760,000 subscribers.

Acquisition by Time Warner Cable

On August 13, 2011, Time Warner Cable announced its purchase of Insight Communications for $3 billion. 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 merger was completed February 29, 2012.[1][2] On March 9, 2013, letters were sent to Insight customers informing them that starting in June 2013, Insight Communications will be completely absorbed, and Insight service will be replaced by Time Warner Cable. In 2014, Time Warner Cable returned Insight Webmail Service back to the internet, while people can still put their own Insight email into Time Warner Cable's own webmail service since it's now the only thing left from Insight Communications.On October 25, 2014 twc sold insight to a few ohio shareholders they will relach the company in november 2014 and will be serving ohio and indiana

References

  1. ^ Time Warner Cable takes over Insight
  2. ^ Insight - Time Warner Merger Completed

External links

  • Insight website
  • Insight Broadband website


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