Time Warner cable, the fourth largest provider of subscription TV and broadband communications services, just got bigger, agreeing to acquire Insight Communications from The Carlyle Group for about $3
billion in cash.
While the deal won't propel Time Warner Cable ahead of the TV industry's Big 3 - Comcast, DirecTV and Dish - it will at about 750,000 subscribers, and will greatly expand
its reach in the Midwest, particularly in Illinois, Indiana, Kentucky and Ohio.
The deal is Time Warner Cable's largest since spinning off from Time Warner in 2009.
Top 25 Multichannel Video Programming Distributors as of Mar. 2011
|
| 1 | Comcast Corporation | 22,763,000 |
| 2 | DirecTV | 19,407,000 |
| 3 | Dish Network Corporation | 14,191,000 |
| 4 | Time Warner Cable, Inc. | 12,357,000 |
| 5 | Cox Communications, Inc.1 | 4,899,000 |
| 6 | Charter Communications, Inc. | 4,497,000 |
| 7 | Verizon Communications, Inc. | 3,664,000 |
| 8 | Cablevision Systems Corporation | 3,306,000 |
| 9 | AT&T, Inc. | 3,205,000 |
| 10 | Bright House Networks
LLC1 | 2,171,000 |
| 11 | Suddenlink Communications1 | 1,217,000 |
| 12 | Mediacom Communications Corporation | 1,175,000 |
| 13 | Insight Communications Company, Inc. | 693,000 |
| 14 | CableOne, Inc. | 647,000 |
| 15 | WideOpenWest Networks, LLC1 | 410,000 |
| 16 | RCN Corp.1 | 345,000 |
| 17 | Atlantic Broadband Group, LLC | 264,000 |
| 18 | Knology Holdings | 255,000 |
| 19 | Armstrong Cable Services | 243,000 |
| 20 | Service Electric Cable TV Incorporated1 | 222,000 |
| 21 | Midcontinent Communications | 211,000 |
| 22 | MetroCast Cablevision | 179,000 |
| 23 | Blue Ridge Communications1 | 169,000 |
| 24 | General Communications | 147,000 |
| 25 | Buckeye CableSystem1 | 138,000 |
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Source: National Cable Television Association.