Time Warner Buys Insight from Carlyle in $3B Deal

Time Warner Cable is paying $3 billion in cash to buy Insight Communications Co. from the Carlyle Group, Reuters reported Sunday. Insight is the 10th largest cable operator in the United States, serving around 750,000 customers in Illinois, Indiana, Kentucky and Ohio. Carlyle acquired the company in December 2005.

North AmericaUSBriefs