Snavvie
join:2006-09-28
Louisville, KY | Comcast buying Insight Soon?
Know there's rumors. Anything going down yet though? : ) |
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tech327
join:2003-01-02
Louisville, KY | This deal is dead, Insight's on their own now. |
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tv
@webtv.net | reply to Snavvie
I think that sometime in 2007 Comcast is going to decide on what they are going to do with their fifty percent ownership part of Insight. |
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IGGY
No Guru Just Here To Help
Premium,MVM
join:2001-03-30
Chatham, IL
| reply to Snavvie
I'm not so sure that someone might not try to buy Insight. It was my opinion that this was part of the reason for taking the company private. Less investors to have to share the wealth with. Although many others don't agree with this opinion. These rumors have been going on for how many years now? Something may take place one of these days. Keep in mind though that I'm sure some antitrust / monopoly issues might get looked at if Comcast tries to make such a purchase.
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acadiel
Keep trying - don't give up
Premium
join:2002-06-22
Bloomington, IL
 ·Comcast
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3 edits | reply to tv
A news article from earlier:
»www.multichannel.com/index.asp?l···A6374493
Here's some documents from last year about Comcast and Insight. Some interesting stuff in this report...
»www.secinfo.com/d11MXs.v1w2y.htm#1stPage
We were formed in September 1999 to serve as the holding company and a financing vehicle for Insight Communications Company, Inc.’s (“Insight Inc.”) cable television system joint venture with AT&T Broadband, LLC (now known as Comcast Cable Holdings, LLC (“Comcast Cable”)). We are owned 50% by Insight Communications Company, L.P. (“Insight LP”), which is wholly owned by Insight Inc., and 50% by an indirect subsidiary of Comcast Cable. Insight LP serves as our general partner and manages and operates our systems.
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
... However, there may be events in the future that we are not able to accurately predict or over which we have no control. ... Examples of these risks include:
· All of the services offered by our company face a wide range of competition that could adversely affect our future results of operations;
· We have substantial debt and have significant interest payment requirements, which may adversely affect our ability to obtain financing in the future to finance our operations and our ability to react to changes in our business;
· There is uncertainty surrounding our potential dissolution, the process for which may be triggered by either of our partners;
· The terms of Insight Midwest Holdings’ credit facility may limit our ability to access the cash flow of our subsidiaries;
· Our programming costs are substantial, and they are expected to increase; and
· General business conditions, economic uncertainty or slowdown, and the effects of governmental regulation could adversely affect our future results of operations.
We do not undertake any obligation to publicly update or release any revisions to these forward-looking statements to reflect events or circumstances after the date that this report is filed with the SEC or to reflect the occurrence of unanticipated events, except as required by law. |
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oldjack
join:2002-12-26
Springfield, IL
| reply to Snavvie
Insight Deal Would Cut Comcast String
By Mike Farrell 11/17/2006 5:27:00 PM
A string of moves by Comcast to unwind partnerships with other cable operators could be drawing to a close soon.
In early 2007, the nation’s largest cable operator is expected to pull the trigger on dissolving its Insight Midwest partnership, possibly gaining about 650,000 customers in the process.
»www.multichannel.com/article/CA6···ing+News |
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kristler
join:2002-01-11
Bedford, IN
| reply to Snavvie
A guy from "Insight" was going around our neighborhood last week trying to get people to switch over from satellite, etc. We have Insight for Internet, but DirecTV for TV. Anyway, he spent about 20 minutes trying to tell my wife why we should go with Insight, but he also told her that he worked for Comcast but was sent to the Bloomington Indiana area to help out and that it was basically a done deal that we were going to be Comcast. I didn't speak with the guy, but it does seam to go along with Comcast taking over Insight's Indiana subs. By the way, Comcast is not currently in our area, so he wasn't trying to get us to switch, and he gave my wife some Insight paperwork and pricing info.
-Bill |
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AJICQ499087
join:2001-12-01
Louisville, KY
| reply to oldjack
The article kind of indicates Insight might be sold or only a partial split or maybe nothing does happen.
I just want some competition so were not forced stuck to a monopoly.
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