1084421--3/16/2006--INSIGHT_COMMUNICATIONS_CO

related topics

{debt, indebtedness, cash}

{product, market, service}

{cost, regulation, environmental}

{capital, credit, financial}

{control, financial, internal}

{acquisition, growth, future}

We have substantial debt and significant interest payment requirements, which may adversely affect our ability to obtain financing in the future, to finance our operations and to react to changes in our business. Our 50% stake in Insight Midwest constitutes substantially all of our operating assets, and our sole business is the management of Insight Midwest s cable television systems. We may be forced to liquidate Insight Midwest before our 12 % senior discount notes mature. We depend upon our operating subsidiaries for cash to fund our obligations. The terms of the Insight Midwest Holdings credit facility and any inability to refinance any borrowings under such facility may limit our ability to access the cash flow of our subsidiaries. The Insight Midwest Holdings credit facility requires us to comply with various financial and operating restrictions which could limit our ability to compete as well as our ability to expand. We have a history of net losses, and may not be profitable in the future. Our programming costs are substantial and they may increase, which could result in a decrease in profitability if we are unable to pass that increase on to our customers. The competition we face from other cable networks and alternative service providers may cause us to lose market share. We will face competition from providers of alternatives to our Internet and telephone services. Our business has been and continues to be subject to extensive governmental legislation and regulation, and changes in this legislation and regulation could increase our costs of compliance and reduce the profitability of our business. We could face considerable business and financial risk in implementing our acquisition strategy.

Full 10-K form ▸

1084421--3/16/2006--INSIGHT_COMMUNICATIONS_CO_INC