Cable giant Time Warner, Inc. will buy Insight Communications for $3 billion. Insight put itself up for auction earlier this year and attracted a host of large bidders. The bids at that time, however, were lower than Insight had reportedly sought, according to sources close to the deal. Company officials did not comment on the… Continue reading Time Warner to Buy Insight for $3 Billion
Officials with Insight Communications remain tight-lipped about the company’s potential sale. The company put itself up for auction in March. The Wall Street Journal cites sources close to the deal who say final bids for the company have come in at around $3 billion and potential buyers include Time Warner Cable, midwestern cable provider Mediacom and… Continue reading Speculation Increases Around Possible Insight Sale
A Metro Council committee approved the contract—called a franchise agreement—last year when it was up for renewal. But, when council members raised questions about whether the document should require Insight to be more open about its finances and operations, the contract was sent back to committee and its sponsors withdrew.
The Louisville Metro Council ended 2010 with a piece of unfinished business still on the table. The body has yet to decide whether to renew the city’s contract—or franchise agreement—with Insight Communications for the next fifteen years.
A council committee unanimously approved Insight’s franchise agreement last week. The full council, however, sent the agreement back to the committee Thursday due to some questions about the company’s operations.
Just four members of the public addressed the committee on Insight’s agreement and three of the speakers work for the cable provider. But the council members provided harsher comments as they questioned the company’s rates and programming options.