-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EtBf10IaGY8ozo3QCeem2Pf1iTc9U5BVvafSzqXsMCbW5UURmfnRL7qbTbDH9MZi dUTW/J6HoSSrM/p0r9hcPQ== 0000950130-01-502372.txt : 20010614 0000950130-01-502372.hdr.sgml : 20010614 ACCESSION NUMBER: 0000950130-01-502372 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010613 ITEM INFORMATION: ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010613 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INSIGHT COMMUNICATIONS CO INC CENTRAL INDEX KEY: 0001084421 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 134053502 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-26677 FILM NUMBER: 1660223 BUSINESS ADDRESS: STREET 1: 126 EAST 56TH STREET CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2123712266 MAIL ADDRESS: STREET 1: INSIGHT COMMUNICATIONS CO INC STREET 2: 126 EAST 56TH STREET CITY: NEW YORK STATE: NY ZIP: 10022 8-K 1 d8k.txt FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: June 13, 2001 Insight Communications Company, Inc. (Exact name of Registrant as specified in its charter) Delaware 0-26677 13-4053502 (State of incorporation) (Commission File No.) (IRS Employer Identification No.) 810 7th Avenue New York, New York 10019 (Address of principal executive offices) Registrant's telephone number: (917) 286-2300 Item 5. Other Events. On June 13, 2001, Insight Communication Company, Inc. issued a press release confirming its previously announced guidance for 2001. A copy of the press release is attached as Exhibit 99.1 to this Form 8-K. Item 7. Financial Statements and Exhibits. (a) Financial Statements: None (b) Pro Forma Financial Information: None (c) Exhibits: Exhibit No. Description - ----------- ----------- 99.1 Press Release dated June 13, 2001 Item 9. Regulation FD Disclosure. Forward-Looking Statements Some of the information in this report contains forward-looking statements that involve substantial risks and uncertainties. You can identify these statements by forward-looking words such as "may," "will," "expect," "anticipate," "believe," "estimate" and "continue" or similar words. You should read statements that contain these words carefully because they: . discuss our future expectations; . contain projections of our future results of operations or of our financial condition; or . state other "forward-looking" information. We believe it is important to communicate our expectations to our investors. However, there may be events in the future that we are not able to accurately predict or over which we have no control. The risk factors listed in our Annual Report on Form 10-K for the year ended December 31, 2000, as well as any cautionary language in this report, provide examples of risks, uncertainties and events that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements. You should be aware that the occurrence of the events described in these risk factors and elsewhere in this report could have a material adverse effect on our business, operating results and financial condition. Regulation FD Disclosure Based upon our projected penetration rates of 55% for our interactive digital service, 30% for our high speed data service and 30% for our telephone service, we expect that our average monthly revenue per customer will reach $86.11 within the next five years, compared to the average of $43.91 for the quarter ended March 31, 2001, representing an annual growth rate of 15.2%. We also expect total revenue to approximate $725 million for the full year ending December 31, 2001. In addition, we expect to achieve for 2001 approximate growth of 2% in total customers, 100% growth in digital customers and 104% growth in high speed data customers. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Insight Communications Company, Inc. (Registrant) Date: June 13, 2001 By: /s/ Elliot Brecher -------------------------------- Elliot Brecher Senior Vice President and General Counsel EX-99.1 2 dex991.txt PRESS RELEASE DATED JUNE 13, 2001 EXHIBIT 99.1 PRESS RELEASE FOR IMMEDIATE RELEASE Contact: Kim Kelly, EVP/COO/CFO (917) 286-2300 INSIGHT COMMUNICATIONS CONFIRMS GUIDANCE FOR 2001 New York, NY-- June 13, 2001 -- Insight Communications Company (Nasdaq: ICCI) today confirmed its previously announced cash flow targets for 2001. The company expects operating cash flow to approximate $328 million, representing an increase of 11-12% in its rebuilt Indiana and Kentucky properties, and a 7-8% increase in the recently acquired Illinois systems. The company expects to spend approximately $300 million on capital, which includes capital for rebuilds in Illinois, telephone deployment, and continued interactive digital expansion. Insight Communications (NASDAQ: ICCI) is the 8th largest cable operator in the United States, serving approximately 1.4 million subscribers. The company is highly concentrated in the four contiguous states of Illinois, Kentucky, Indiana and Ohio. Insight specializes in offering bundled, state-of-the-art services in mid-sized communities, delivering analog and digital video, high-speed data and the recent deployment of voice telephony in selected markets to its customers. # # # Any statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. The words "estimate," "anticipate" and other expressions that indicate future events and trends identify forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from historical results or those Insight Communications anticipates. Factors that could have a material and adverse impact on actual results are described in Insight Communications' annual report on Form 10-K for the year ended December 31, 2000 and quarterly report on Form 10-Q for the three months ended March 31, 2001. All forward-looking statements in this press release are qualified by reference to the cautionary statements included in Insight Communications' Form 10-K and Form 10-Q. -----END PRIVACY-ENHANCED MESSAGE-----