Coaxial Communications of Central Ohio Reports Year-End 1999 Results.

Business Editors

NEW YORK--(BUSINESS WIRE)--March 31, 2000

Coaxial Communications of Central Ohio, Inc. (CCCO) today reported operating results for the fiscal year ended December 31, 1999. The results reflect the impact of the acquisition of the assets of CCCO by Insight Communications of Central Ohio, LLC (Insight Ohio) on August 21, 1998.

For the twelve months ended December 31, 1999, revenues totaled $46.7 million compared with $48 million one year earlier, representing a decrease of 2.7%. CCCO served 84,236 customers on December 31, 1999 compared with 87,637 a year earlier, representing a decrease of approximately 3.9%. Despite the 3.9% decrease in customers, the company noted that the revenue decrease was significantly smaller, reflecting the migration of customers billed at deeply discounted promotional rates to rate card. The average monthly revenue per customer rose by $0.81 or 1.8%, to $45.33, reflecting the aforementioned roll-off of promotional customers. Through August 21, 1998, when the company commenced management, revenues included franchise fees. On a pro forma basis excluding franchise fees, 1999 revenues increased 1% over 1998. Also on a pro forma basis, excluding franchise fees from 1998, average monthly revenue per customer increased 3.5%

Programming costs decreased approximately $716,000 or 5.1%, due to Insight's purchasing discounts, as well as the lower number of customers served. In addition, total personnel costs decreased by approximately $1 million from the prior year as duplicative positions were eliminated upon consummation of the acquisition. The company significantly increased its marketing activity over the prior period, spending approximately $2.3 million during the year. The activity was primarily directed at customer awareness of the company's fourth quarter launch of its new products and activation of its new network.

As a result, the earnings before interest, taxes, depreciation and amortization (EBITDA) totaled $19.1 million for the year ended December 31, 1999, compared with $18.3 million one year earlier.

Capital expenditures for the year were $26.7 million, primarily for the rebuild of the majority of the network to 870 megahertz. The company funded its capital expenditures through borrowings. As of December 31, 1999, the company had borrowed $11.0 million under its $25.0 million revolving credit facility.

"Today we have our new services including Insight Digital with Local Source and DIVA video on demand available to 19,000 customers," stated Kim D. Kelly, Insight's Executive Vice President and Chief Operating and Financial Officer. "There appears to be an insatiable appetite as we have already achieved 16.4% penetration in only four months. More impressively, we are adding over 1,000 digital customers monthly."

Twelve Months ended 12/31

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                           1998                  1999
--------------------------------------------------------------
Revenue                  $47,956               $46,747
     (000's)
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Expenses                 $29,695               $27,619
     (000's)
--------------------------------------------------------------
EBITDA(a)                $18,273               $19,128
     (000's)
--------------------------------------------------------------
EBITDA                    38.1%                 40.9%
Margin(a)
--------------------------------------------------------------
Average
Subscribers               89,755                85,937
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Average Mo.
Revenue per
Subscriber                $44.52                $45.33
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(a) EBITDA and EBITDA margin for the year ended December 31, 1998 are

adjusted to exclude the impact of a $4.8 million charge taken

during the third quarter 1998 for severance and transaction

structure costs associated with the acquisition of the assets of

CCCO by Insight Ohio and the related financing of such

acquisition.

Insight is the 8th largest cable operator in the United States with approximately one million subscribers. It became the first cable operator in 14 years to complete an initial public offering in July 1999 when it raised $650 million. The company specializes in offering bundled, state-of-the-art technology in mid-sized communities delivering analog and digital video, high-speed data and, in the near future, voice telephony to its customers.

This report may contain forward-looking statements concerning the Company's operations, economic performance and financial condition, including, in particular, the likelihood of the system's success given its new management by Insight. The statements are based upon a number of assumptions and estimates, which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company, and reflect future business decisions, which are subject to change.