Time Warner Cable buying Insight for $3B in cash

Aug 15, 2011

(AP) -- Time Warner is buying cable operator Insight Communications Co. for $3 billion in cash as it bolsters its presence in the Midwest.

Insight serves more than 750,000 customers in Indiana, Kentucky and Ohio. The privately held company has about 537,000 high-speed data , 679,000 video subscribers and 297,000 voice subscribers.

Insight is owned by The Carlyle Group, Crestview Partners, MidOcean Partners, members of Insight management and others. It

Inc., based in New York, said Monday that it expects the deal to create annual cost savings of about $100 million, with the majority of those savings coming within two years of the deal closing.

Explore further: Verizon 2Q profit rises 93 percent

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Hearst, DirecTV reach deal on programming fees

Dec 31, 2010

(AP) -- DirecTV satellite subscribers around the country will continue to receive network TV stations owned by Hearst Corp. after the two companies reached a new deal over the fees that DirecTV pays the broadcasting company ...

Time Warner Cable gets ESPN3.com in new deal

Sep 03, 2010

(AP) -- Time Warner Cable Inc. customers will finally get access to the sports website ESPN3.com, even if they are not subscribers of the company's Internet service, according to a long-term deal with The Walt Disney Co. ...

Time Warner Cable sees Web future as 1Q tops views

Apr 28, 2011

(AP) -- Time Warner Cable Inc.'s high-speed Internet service overshadowed its core cable TV business as a boost in broadband subscribers contributed to a 52 percent increase in first-quarter net income.

Time Warner Cable 3Q net income rises

Nov 04, 2010

(AP) -- Time Warner Cable Inc., the country's second-largest cable company, lost more cable-TV subscribers in the latest quarter than it ever has before, keeping the question alive of whether Internet video ...

Recommended for you

Microsoft CEO sees 'bold' plan as 4Q tops Street

3 hours ago

(AP)—Microsoft Corp. CEO Satya Nadella painted an upbeat vision of the future Tuesday, saying that the next version of Windows will be unified across screens of all sizes and that two money-losing units—Nokia ...

Apple's fiscal 3Q earnings top analyst forecasts

13 hours ago

Apple's growth prospects are looking brighter as anticipation builds for the upcoming release of the next iPhone, a model that is expected to cater to consumers yearning for a bigger screen.

Verizon 2Q profit rises 93 percent

21 hours ago

Verizon reported Tuesday that its second-quarter earnings nearly doubled after it secured full ownership of Verizon Wireless.

User comments : 0