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Insight Revises Guidance For 2001 Revenue and Cash Flow

New York – September 28, 2001 –

Insight Communications Company (Nasdaq: ICCI) released today new guidance for its 2001 revenue and operating cash flow. The new guidance of $710 million and $318 million respectively, reflects a 2% and 3% reduction from previous estimates of $724 million in revenue and $328 million in cash flow. The company attributed the variance primarily to a shortfall in advertising revenue.

"Advertising had been soft in the first half of the year but had been expected to pick up significantly in the second half. We have not seen the recovery we had been expecting, and frankly, the tragic attacks of September 11 have further reduced any hope of a recovery this year," stated Kim D. Kelly, Insight's Chief Operating and Financial Officer. "Our other lines of businesses are going well and our outlook remains positive. We expect that revenue and cash flow will grow in the 14 to 16% range in 2002, even without a significant rebound in our advertising business," she concluded.

Insight Communications is the 9th largest cable operator in the United States, serving approximately 1.4 million subscribers. The company is highly concentrated 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 analog and digital video, high-speed data and the recent deployment of voice telephony in selected markets to its customers.



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," "anticipate" and other expressions that indicate future events and trends identify forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from historical results or those Insight Communications anticipates. Factors that could have a material and adverse impact on actual results are described in Insight Communications' annual report on Form 10-K for the year ended December 31, 2000 and quarterly report on Form 10-Q for the three months ended March 31, 2001. All forward-looking statements in this press release are qualified by reference to the cautionary statements included in Insight Communications' Form 10-K and Form 10-Q.



Contact:

Kim Kelly
EVP/COO/CFO
(917) 286-2300