Because they just sold to Time Warner for $3 billion:
Time Warner Cable will buy Insight Communications Co. for $3 billion in cash as it bolsters its presence in the Midwest, the company said Monday.
“We believe in our business and its long-term prospects and have long thought that Insight’s well-run, technologically advanced systems would fit well with our Midwest operations,” Time Warner Cable Chairman and CEO Glenn Britt said in a statement.
From an Insight release:
“For more than 25 years, Insight has provided our customers with unparalleled service and an unwavering commitment to excellence,” said Michael Willner, co-founder, Vice Chairman and CEO of Insight Communications. “We are extremely proud of the investment we’ve made to transform our cable systems into one of the leading telecommunications platforms in the nation. Given their industry-leading position and depth of resources, we expect that Time Warner Cable will continue building on the advancements our tremendous employees have made while providing outstanding service to our customers. The communities we serve could not be in better hands than with Time Warner Cable which already operates in this region and is widely regarded as one of the most respected technology companies in the world.”
Get ready for insane data caps for broadband and even worse (is it possible?) customer service than Insight.
Yay, Louisville! Possibility City, indeed.