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Insight Communications Announces Preliminary First Quarter Results

New York – May 02, 2002 –

Insight Communications, Inc (Nasdaq: ICCI) today announced preliminary financial results, highlighting solid growth across all sectors. For the quarter ended March 31, 2002, revenues are estimated at $192 million, a 10.1% increase compared to the prior year period. Revenue growth reflected 1.0% internal growth in basic customers for the quarter and an 8.7% increase in average monthly revenue per customer compared to the first quarter 2001. Average monthly revenue per customer for the quarter is estimated at $49.35, a nearly $4 increase over the prior year period as a result of strong growth in digital, high-speed data and advertising for which revenue grew 62.1%, 79.9% and 20.1%, respectively. Revenue Generating Units (RGUsÑsum of basic and digital video, high-speed data and telephone customers) are estimated at 1,689,900 as of March 31, 2002, compared to 1,540,700 as of March 31, 2001, representing an internal annual growth rate of 9.7%.

Insight also reported that it estimates operating cash flow of $82 million for the first quarter, an increase of 9.6% over the prior year period, excluding a one-time, non-recurring charge of $4 million related to Excite@Home.

The preliminary results above exclude the results of SourceSuite LLC, which will be consolidated effective January 1, 2002 as a result of the acquisition in March 2002 of its remaining 50% interest. Including the SourceSuite results, management estimates that revenues and operating cash flow for the first quarter would have increased by 10.3% and 8.9%.

"We had our best quarter in a number of years as we realize the fruits of completed rebuilds and the success of our industry-leading bundle of products," stated Michael S. Willner, President and Chief Executive Officer. "Of particular note, quarterly basic customer growth of 1% since year-end represents an extraordinary run-rate."

These results are preliminary and the company intends to announce final results for the first quarter on May 10, 2002. Management will host a conference call at 1:00 p.m. EDT to discuss these results. The conference call will be simultaneously webcast over the Internet as well. Details follow below.

Call information

WHAT: Insight Communications Conference Call: 2002 First Quarter Results

WHEN: May 10, 2002 at 1:00p.m. EDT

WEBCAST URL: Visit the Investor Relations page of www.Insightcom.com

Or

http://www.ir.insightcom.com/ireye/ir_site.zhtml?ticker=ICCI&script=2100

For those who cannot listen to the live broadcast, a replay will be available beginning approximately two hours after the event and will be archived on the company's website.

A replay of the call will also be available as follows:

REPLAY TIMES: May 10, from 6:15 PM (EDT) through May 17, at 11:59 PM (EDT)

REPLAY NUMBER: 800.475.6701 (domestic)
320.365.3844 (international)
Access code: 637859

Insight Communications (NASDAQ: ICCI) is the 9th largest cable operator in the United States, serving approximately 1.4 million customers. The company is highly concentrated in the four contiguous states of Illinois, Kentucky, Indiana and Ohio. Named "2001 Cable Operator of the Year" by Cablevision Magazine, Insight specializes in offering bundled, state-of-the-art services in mid-sized communities, delivering analog and digital video, high-speed data and the recent deployment of voice telephony in selected markets to its customers.