The three-year contract that allows Insight Communications to carry Sinclair Broadcast Group’s Fox affiliate WDKY Lexington, Ky., as part of its cable packages is up at the end of the year, and Sinclair says it expects a new deal won’t be reached in time.
Privately held cable operator Insight serves more than 750,000 customers in Indiana, Kentucky and Ohio. It has about 537,000 high-speed data subscribers, 679,000 video subscribers and 297,000 voice subscribers. Time Warner Cable said it expects the deal to create annual cost savings of about $100 million, with the majority of those savings coming within two years of the deal closing.
Time Warner Cable Inc., the second- largest U.S. cable TV operator, is in advanced talks to buy Carlyle Group’s Insight Communications Co. for about $3 billion, people with knowledge of the matter said. TWC may announce an agreement to buy Insight as soon as today, said the people, who spoke on condition of anonymity because the talks are private. The talks may also fail to lead to a deal, the people said.
The Evansville, Ind., television market is sailing into nearly uncharted waters with the upcoming transfer of Fox television programming to a rival station. Insight Communications CEO Michael Willner wants you to know one thing: It’s not the cable TV company’s fault.
Insight Communications and Raycom Media reached a three-year retransmission agreement covering three of Raycom’s stations on the cable operator’s systems in Kentucky and Indiana.