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Insight Announces Agreement to Transition Local Phone Service

New York – July 08, 2004 –

Insight Communications Company, Inc. (NASDAQ: ICCI) today announced an agreement with subsidiaries of Comcast Corporation under which Insight will assume ownership and control of the circuit-switched telephone business provided jointly by Insight and Comcast subsidiaries in Insight’s service areas.

Insight has since 2001 delivered Comcast’s local telephone services to its customers in selected service areas under an operating arrangement with Comcast subsidiaries. Under that arrangement, Comcast provides the necessary switching and transport facilities, and Insight leases to Comcast capacity on its local network and provides certain services and support. The transfer of operational control of Comcast’s telephone business to Insight announced today will take place after a transition period and is subject to customary closing conditions, including regulatory approvals. The closing is expected to occur during the first half of 2005.

“This is a very positive step as part of our commitment to offer a full suite of advanced services to our customers,” said Michael S. Willner, president and chief executive officer of Insight. “The telephone component of our bundled offering fulfills the vision of the 1996 Telecommunications Act to bring competition to all areas of communications. We thank our partner Comcast for what has been a good working relationship in the telephone business these past years, and we look forward to continuing to provide telephone services in our markets, including our anticipated launch of Voice over Internet Protocol services next year.”

Insight Midwest is a joint venture partnership managed by Insight and equally owned by Insight and Comcast, serving about 1.3 million customers highly concentrated in the four contiguous states of Illinois, Kentucky, Indiana and Ohio. Insight will continue to manage the Insight Midwest partnership. The agreement announced today is limited to the joint telephony arrangement between Insight and Comcast.

Telephone services have been deployed under the joint operating arrangement in portions of Louisville and Lexington, KY, Evansville, IN, and Columbus, OH. The services were available to a total of approximately 715,000 marketable homes passed, with approximately 60,000 active customers as of March 31, 2004.

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.

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 history and expectation of future net losses, competition, increasing programming costs, changes in laws and regulations, the substantial debt and the other risk factors described in Insight Communications’ annual report on Form 10-K for the year ended December 31, 2003 and Form 10-Q for the quarterly period ended March 31, 2004. 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:

John Abbot
Senior Vice President and Chief Financial Officer
Insight Communications
917-286-2300