Time Warner Cable Inc. has announced plans to acquire Insight Communications Co. for $3 billion in cash.
Though Insight is headquartered in New York, the majority of its customers are in Kentucky. Louisville ranks as the company’s single largest service area, but Insight also serves areas in and around Lexington, Florence and Bowling Green, as well as communities in Southern Indiana and neighborhoods in Columbus, Ohio, for a total of more than 750,000 customers. The company has approximately 2,800 employees.
Time Warner has some 14 million customers in 28 states and an employee base of 47,000. The company expects the merger to produce cost efficiencies of approximately $100 million through programming expense savings and other cost reductions.
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