Time Warner Cable completed the purchase of Insight Communications, the...
Time Warner Cable completed the purchase of Insight Communications, the acquirer said Wednesday (http://xrl.us/bmwhys). Time Warner Cable said it added more than 760,000 customers in Evansville, Ind.; Louisville, Covington, Lexington and Bowling Green, Ky; and Columbus, Ohio, with the deal,…
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which got FCC approval recently (CD Feb 2 p13). The price was $3 billion, and the deal will within two years let Time Warner Cable save $100 million in costs annually, analyst Marci Ryvicker of Wells Fargo wrote investors.