By Chris Otts
Insight Communication’s $3.5 million deal Friday to renew its franchise agreement with Louisville Metro government appears to pave the way for the cable provider’s $3 billion sale to Time Warner Cable to close in the next few months.
However there’s no assurance that about 1,500 Insight jobs will remain in Louisville once Time Warner takes ownership.
Time Warner will have to negotiate a new franchise with the city later. But Friday’s agreement gives Insight a valid cable franchise in Louisville — an important consideration for Time Warner in completing the deal, said Pat Mulvihill, general counsel to Mayor Greg Fischer.
The Insight-Time Warner deal won approval from the Federal Communications Commission Jan. 31, and Time Warner spokeswoman Mary Jo Green said she wasn’t aware of other major hurdles to the deal’s closure.
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www.courier-journal.com/article/···rchives
