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Sale of Insight Communications on Hold

The Carlyle Group has decided to keep the sale of Insight Communications on hold for the time being. With the changing financial climate, it appears that The Carlyle group is unable to find any takers with the 3 billion dollar price ticket that it has been seeking for the sale of the company. It is speculated that they fell approximately 200 million short of their asking price.

A small but profitable cable operator, Insight Communications is expected to continue to grow with new products such as phone service and bundled product options. The Carlyle group is expected to put the company up for sale again when the market is more conducive for acquisitions.

Insight sells cable products such as television, high speed Internet and digital phone services to customers in the Midwest states of Indiana, Kentucky and Ohio and they serve approximately 1.3 million homes.

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