Time Warner Cable has completed its acquisition of Insight Communications. The $3 billion deal moves Insight’s 760,000 customers in Kentucky, Indiana and Ohio into Time Warner’s service. A press release from Time Warner says the company’s name will soon begin appearing on buildings, uniforms and mailings to customers. More information is coming soon.
Louisville Mayor Greg Fischer’s office hopes to sign a new contract with Insight Communications before the company is purchased by Time Warner Cable. The three billion dollar sale won approval from the FCC last week and could close at any time. But Insight is still in talks over its contract to operate in Louisville. The… Continue reading CIty Hopes to Sign New Contract With Insight Before Time Warner Sale
The Federal Communications Commission has approved Time Warner Cable’s purchase of Insight Communications. In an order issued this week, the FCC declared that the potential benefits to service under the sale outweigh any possible public harm. The three billion dollar deal has already earned approval from the Federal Trade Commission, and an Insight spokesman says… Continue reading FCC Approves Insight Sale, Time Warner Purchase Could Close Soon
Talks are progressing between Louisville Metro Government and Insight Communications. The two parties have been negotiating all year over a new contract that governs Insight’s operations. The city wants the cable provider to continue to giving free service to schools and government buildings, to continue giving free cable boxes to elderly and disabled customers and… Continue reading Insight Service, Negotiations to Continue
Insight Communications says Metro Government has overreached in its threat to end the cable provider’s contract with the city. Insight’s franchise agreement expired last year, but the provisions have remained in effect as the mayor’s office has negotiated a new contract. After months of negotiations with no agreement, the mayor’s office announced last week it… Continue reading Insight Rebukes City’s Attempt to Cancel Contract
One month after an unsuccessful attempt to sell itself at auction, Insight Communications has a buyer. Time Warner Cable has agreed to purchase Insight for $3 billion. The deal will give Time Warner increased access to the Midwest by allowing them to absorb 750,000 customers in Kentucky, Indiana and Ohio. It will create some redundancies… Continue reading Cable Service Could Change After Insight Sale
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