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Insight Announces Financial Guidance for 2004

New York – December 11, 2003 –

Insight Communications Company (Nasdaq: ICCI) today announced its financial guidance for fiscal year 2004.

Michael Willner, Insight’s President and CEO, and Dinni Jain, Insight’s Executive Vice President, Chief Operating Officer, and Chief Financial Officer, will provide details of the company's forward looking financial guidance during UBS Warburg's 31st Annual Media Week Conference in New York, N.Y.

Specific guidance for 2004 includes:

• Total revenue growth of 11.0% to 12.0% over 2003
• Operating cash flow growth of 10.0% to 11.0% over 2003
• Capital expenditures of approximately $185 million for the year
• Free cash flow of approximately $50 million for the year

Insight’s presentation will be webcast today at approximately 2:30 p.m. EST at www.ir.insightcom.com.

Insight Communications (NASDAQ: ICCI) is the 9th largest cable operator in the United States, serving approximately 1.4 million customers 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 basic and digital video, high-speed Internet and voice telephony in selected markets to its customers.

This press release contains disclosure of operating cash flow and free cash flow, each of which is a financial measure that is not calculated and presented in accordance with Generally Accepted Accounting Principles (GAAP). Insight defines operating cash flow as operating income or loss before depreciation and amortization, and defines free cash flow as net cash provided by operating activities net of capital expenditures and distribution of preferred interests. Operating cash flow and free cash flow are useful to management in measuring the overall operational strength and performance of the company. A limitation of these measures, however, is that they do not reflect the periodic costs of certain capitalized tangible and intangible assets used in generating revenues. Insight management evaluates the costs of such tangible and intangible assets through other financial measures such as capital expenditures and investment spending. Another limitation of operating cash flow is that it does not reflect income net of interest expense, which is a significant expense of the company because of the substantial debt incurred to acquire cable television systems and finance the capital expenditures for the upgrade of Insight’s cable network. Despite the limitations of operating cash flow and free cash flow, Insight’s management believes that the presentation of each financial measure is relevant and useful for investors because it allows investors to evaluate performance in a manner similar to the methods used by Insight’s management. In addition, operating cash flow and free cash flow are commonly used in the cable television industry to analyze and compare cable television companies on the basis of operating performance, although Insight’s measures of operating cash flow and free cash flow may not be directly comparable to similar measures used by other companies. Operating cash flow and free cash flow should not be regarded as an alternative to, or more meaningful than, either operating income or net income as an indicator of operating performance or cash flows as a measure of liquidity, as well as other measures of financial performance reported in accordance with GAAP. Insight is unable to reconcile these non-GAAP measures to their most directly comparable GAAP measures on a forward-looking basis primarily because it is impractical to project the timing of certain transactions, such as the initiation of depreciation relative to network construction projects.

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," “expect,” "anticipate" and other expressions that indicate future events and trends identify forward-looking statements. The above forward-looking statements are subject to risks and uncertainties and are subject to change based upon a variety of factors that could cause actual results to differ materially from those Insight Communications anticipates. Factors that could have a material and adverse impact on actual results include competition, increasing programming costs, changes in laws and regulations, our substantial debt and the other risk factors described in Insight Communications' annual report on Form 10-K, as amended, for the year ended December 31, 2002. All forward-looking statements in this press release are qualified by reference to the cautionary statements included in Insight Communications' Form 10-K.