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