Insight Mum On SaleBut it's believed to be coming...
(
old news - 02:30PM Friday Aug 17 2007)
tags: business · cable · RoadRunner Cable · Insight CommunicationsTime Warner Cable
recently confirmed they were interested in acquiring Insight Communications (see
reviews) -- at least what will be left of Insight after 684,000 Insight customers get transferred to Comcast at the
end of this year.
In a conference call with analysts and investors to discuss company
earnings ,(pdf) CEO Michael Willner, who has frequently made himself easily accessible to users in our forums, couldn't (probably can't, legally) offer additional detail about the possible sale:
"We are currently in the process of reviewing certain strategic alternatives for the company, which include a number of different options for us. That review is not complete yet and we deem it inappropriate to comment further at this time."
It's believed that Insight would be willing to let go of their remaining 639,000 customers (plus the 18,900 added this last quarter) for around $3 billion. Time Warner Cable was also mentioned this week as a possible buyer for
Charter Communications.