Insight Communications cut its operating loss to $22.1 million la...
Insight Communications cut its operating loss to $22.1 million last year as its revenue nearly doubled to $476.2 million and its operating cash flow also almost doubled to $214.1 million. Insight said its net loss for 2000 totaled $42.9…
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million because of high interest and depreciation costs. For 4th quarter ended Dec. 31, it said its revenue rose to $123.2 million and operating cash flow to $56.3 million. But MSO didn’t disclose its quarterly net income. Insight said it signed up 30,100 digital cable subscribers in quarter to end year with 103,300 -- 13.3% of homes marketed. Company said it added 6,700 high-speed data customers to close year with 30,300 -- 2.5% of homes marketed. Insight, which recently picked up additional cable systems in Midwest from AT&T Broadband, projected that its revenue and operating cash flow would climb to $169 million and $75 million, respectively, in first quarter. Company said it expected to spend $300 million on plant rebuilds, cable telephony deployment and digital cable expansion this year.