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Insight Midwest and AT&T Broadband Agree to Cable System Transactions

NEW YORK CITY, and ENGLEWOOD, Colo. – October 15, 2002 –

Insight Midwest and AT&T Broadband have entered into a definitive agreement under which AT&T Broadband will sell to Insight Midwest certain cable television systems serving about 23,000 customers in Indiana and Kentucky in exchange for about 13,000 customers in Georgia and $25 million in cash, the companies said today.

Insight Midwest is a joint venture partnership managed by Insight Communications Company (Nasdaq: ICCI) and equally owned by Insight Communications and AT&T Broadband, serving about 1.3 million customers highly concentrated in the four contiguous states of Illinois, Kentucky, Indiana and Ohio. Insight Communications currently manages the Indiana and Kentucky systems to be transferred in the transaction by AT&T Broadband. Indiana communities include Corydon, Floyd County, Georgetown, Greenville, Harrison County, Lanesville, New Albany, and Palmyra. Kentucky communities include Eminence, Henry County, New Castle, Pleasureville, Shelby County, Shelbyville, and Simpsonville. As part of the transactions, Insight Communications agreed to continue to manage through June 2003 the remaining Indiana and Kentucky systems it currently manages for AT&T Broadband, serving about 94,000 customers.

"As the largest cable operator in Indiana and Kentucky, we are thrilled to add these communities to our footprint," said Michael S. Willner, Vice Chairman and CEO of Insight Communications. "All of the customers involved in this transaction will benefit from each company's geographic economies allowing for a more aggressive deployment of leading-edge services."

"Even as we approach the close of our merger with Comcast, AT&T Broadband is continuing to create strong operational clusters," said Bill Schleyer, president and CEO of AT&T Broadband. "We look forward to serving Griffin area customers."

The transaction is expected to close in the first quarter of 2003 or sooner, subject to certain closing conditions and regulatory review.

About Insight
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 Ò2001 Cable Operator of the YearÓ 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.

About AT&T Broadband
AT&T Broadband, a business unit of AT&T, is the nation's largest broadband services company, providing television entertainment services to more than 13 million customers across the nation. The company also provides advanced services including digital cable, high-speed cable Internet services and competitive local phone service. More information on AT&T Broadband services can be found at www.attbroadband.com. AT&T (NYSE:T) is the world's leader in telecommunications services and technology.




This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These include, but are not limited to, statements regarding the Company's plans, intentions and expectations. Such statements are inherently subject to a variety of risks and uncertainties that could cause actual results to differ materially from those projected. These risks include increased levels of competition, shortages of key equipment, restrictions on the Company's ability to finance its growth and other factors. A more extensive discussion of the risk factors that could impact these areas and the Company's overall business and financial performance can be found in the Company's reports filed with the Securities and Exchange Commission. Given these concerns, investors and analysts should not place undue reliance on forward-looking statements.