Business

Insight reports 12 percent rise in revenue

Lexington cable provider Insight Communications has announced its third-quarter results, saying revenue rose 12 percent to $246 million compared to a year ago.

The company, which operates in Kentucky, Indiana and Ohio, said it lost 1,900 basic customers in the quarter, ending at 718,200. However, it gained 12,300 digital customers ending the quarter with 495,700, a 69 percent penetration of its basic cable customers.

Insight also added 11,900 high-speed Internet customers bringing it to 493,400 at the quarter's end. It gained 5,200 telephone customers ending the quarter with 311,400.

The total average monthly revenue per basic cable customer was $114.08 in the quarter, up from $105.22 in the same time a year ago.

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