INSIGHT COMMUNICATIONS CO INC
S-1MEF, 1999-07-20
CABLE & OTHER PAY TELEVISION SERVICES
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<PAGE>

    AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JULY 20, 1999

                                                     REGISTRATION NO. 333-
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                            ------------------------
                                    FORM S-1
                             REGISTRATION STATEMENT
                                     UNDER
                           THE SECURITIES ACT OF 1933
                            ------------------------

                      INSIGHT COMMUNICATIONS COMPANY, INC.
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

<TABLE>
<S>                                       <C>                                       <C>
                DELAWARE                                    4841                                   13-4053502
    (STATE OR OTHER JURISDICTION OF             (PRIMARY STANDARD INDUSTRIAL                    (I.R.S. EMPLOYER
     INCORPORATION OR ORGANIZATION)             CLASSIFICATION CODE NUMBER)                  IDENTIFICATION NUMBER)
</TABLE>
                            ------------------------

                              126 EAST 56TH STREET
                            NEW YORK, NEW YORK 10022
                                 (212) 371-2266
  (ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING AREA CODE, OF
                   REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES)

                            ------------------------

                                SIDNEY R. KNAFEL
                             CHAIRMAN OF THE BOARD
                      INSIGHT COMMUNICATIONS COMPANY, INC.
                              126 EAST 56TH STREET
                            NEW YORK, NEW YORK 10022
                                 (212) 371-2266
 (NAME, ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING AREA CODE,
                             OF AGENT FOR SERVICE)

                            ------------------------

                                   Copies to:

            ROBERT L. WINIKOFF, ESQ.                   PHILIP E. COVIELLO, ESQ.
            ELLIOT E. BRECHER, ESQ.                      MARC D. JAFFE, ESQ.
COOPERMAN LEVITT WINIKOFF LESTER & NEWMAN, P.C.            LATHAM & WATKINS
                800 THIRD AVENUE                           885 THIRD AVENUE
            NEW YORK, NEW YORK 10022                   NEW YORK, NEW YORK 10022
                (212) 688-7000                             (212) 906-1200
              FAX: (212) 755-2839                        FAX: (212) 751-4864

                            ------------------------

     APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE TO THE PUBLIC: As soon as
practicable after the effective date of this registration statement.

     If any of the securities being registered on this Form are to be offered on
a delayed or continuous basis pursuant to Rule 415 under the Securities Act of
1933, please check the following box.  / /

     If this Form is filed to register additional securities for an offering
pursuant to Rule 462(b) under the Securities Act, check the following box and
list the Securities Act registration statement number of the earlier effective
registration statement for the same offering.  /x/ 333-78293

     If this Form is a post-effective amendment filed pursuant to Rule
462(c) under the Securities Act, check the following box and list the Securities
Act registration statement number of the earlier effective registration
statement for the same offering.  / /

     If this Form is a post-effective amendment filed pursuant to Rule
462(d) under the Securities Act, check the following box and list the Securities
Act registration statement number of the earlier effective registration
statement for the same offering.  / /

     If delivery of the prospectus is expected to be made pursuant to Rule 434,
check the following box.  / /

                            ------------------------

                        CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
                                                  PROPOSED MAXIMUM          PROPOSED
      TITLE OF EACH CLASS         AMOUNT TO BE     OFFERING PRICE      MAXIMUM AGGREGATE          AMOUNT OF
OF SECURITIES TO BE REGISTERED     REGISTERED        PER UNIT(1)       OFFERING PRICE(1)      REGISTRATION FEE
<S>                               <C>             <C>                 <C>                    <C>
Class A Common Stock, $.01 par
value per share................     2,875,000          $24.50             $70,437,500              $19,582
</TABLE>

(1) Estimated pursuant to Rule 457(o) under the Securities Act of 1933 solely
    for the purpose of calculating the registration fee.

                            ------------------------

     THIS REGISTRATION STATEMENT SHALL BECOME EFFECTIVE UPON FILING WITH THE
COMMISSION IN ACCORDANCE WITH RULE 462(b) UNDER THE SECURITIES ACT OF 1933.
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------

<PAGE>
               INCORPORATION OF CERTAIN INFORMATION BY REFERENCE

     This Registration Statement is being filed pursuant to Rule 462(b) under
the Securities Act of 1933, as amended. The information in the Registration
Statement on Form S-1 filed by Insight Communications Company, Inc. with the
Securities and Exchange Commission (File No. 333-78293) pursuant to the
Securities Act of 1933, as amended, and declared effective on July 20, 1999 is
incorporated by reference into this Registration Statement.

                                       1
<PAGE>
                                    PART II
                     INFORMATION NOT REQUIRED IN PROSPECTUS

ITEM 16. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

     (A) EXHIBITS

     All exhibits filed with or incorporated by reference in Registration
Statement No. 333-78293 are incorporated by reference into, and shall be deemed
part of, this registration statement, except for the following, which are filed
herewith.

<TABLE>
<CAPTION>
EXHIBIT
NUMBER    DESCRIPTION
- -------   ----------------------------------------------------------------------
<S>     <C>
  5.1     -- Opinion of Cooperman Levitt Winikoff Lester & Newman, P.C.,
             including consent
 23.1     -- Consent of Ernst & Young LLP
 23.2     -- Consents of KPMG LLP
 23.3     -- Consent of PricewaterhouseCoopers LLP
 23.4     -- Consent of Arthur Andersen LLP
 23.5     -- Consent of Cooperman Levitt Winikoff Lester & Newman, P.C.
             (included in Exhibit 5.1)
</TABLE>

     (B) FINANCIAL STATEMENT SCHEDULES

     Not applicable.

                                      II-1
<PAGE>
                                   SIGNATURES

     PURSUANT TO THE REQUIREMENTS OF THE SECURITIES ACT OF 1933, REGISTRANT HAS
DULY CAUSED THIS REGISTRATION STATEMENT TO BE SIGNED ON ITS BEHALF BY THE
UNDERSIGNED, THEREUNTO DULY AUTHORIZED, IN THE CITY OF NEW YORK, STATE OF NEW
YORK, ON THE 20TH DAY OF JULY, 1999.

                                          INSIGHT COMMUNICATIONS COMPANY, INC.

                                          By: /s/ MICHAEL S. WILLNER
                                             ----------------------------------
                                                   Michael S. Willner
                                                       President

     PURSUANT TO THE REQUIREMENTS OF THE SECURITIES ACT OF 1933, THIS
REGISTRATION STATEMENT HAS BEEN SIGNED BY THE FOLLOWING PERSONS IN THE
CAPACITIES AND ON THE DATES INDICATED:

<TABLE>
<CAPTION>
        SIGNATURE            TITLE            DATE
- --------------------------   ----------       -------------
<S>                          <C>              <C>
/s/ SIDNEY R. KNAFEL         Chairman         July 20, 1999
- --------------------------   of the
    Sidney R. Knafel         Board


/s/ MICHAEL S. WILLNER       President,       July 20, 1999
- --------------------------   Chief
    Michael S. Willner       Executive
                             Officer
                             and
                             Director
                             (Principal
                             Executive
                             Officer)

/s/ KIM D. KELLY             Executive        July 20, 1999
- --------------------------   Vice
    Kim D. Kelly             President,
                             Chief
                             Financial
                             and
                             Operating
                             Officer
                             and
                             Director
                             (Principal
                             Financial
                             and
                             Accounting
                             Officer)
</TABLE>

                                      II-2


<PAGE>
                                                                     EXHIBIT 5.1

        [LETTERHEAD OF COOPERMAN LEVITT WINIKOFF LESTER & NEWMAN, P.C.]

                                          July 20, 1999

Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549

Ladies and Gentlemen:

     We have been requested by Insight Communications Company, Inc. (the
"Company"), a Delaware corporation, to furnish our opinion in connection with
the registration statement (the "Registration Statement") on Form S-1, with
respect to the registration of up to 2,875,000 shares (the "Shares") of the
Company's Class A Common Stock (the "Common Stock"), $.01 par value, which
amount includes 375,000 shares of Common Stock to cover any over-allotments.

     We have made such examination as we have deemed necessary for the purpose
of this opinion. Based upon such examination, it is our opinion that the Shares
have been validly issued and are fully paid and non-assessable.

     We are members of the Bar of the State of New York and the foregoing
opinion is limited to the laws of the State of New York, the Federal laws of the
United States of America, and the General Corporation Law of the State of
Delaware.

     The opinion is rendered solely to you in connection with the above matter.
This opinion may not be relied upon by you for any other purposes or relied upon
or furnished to any other person without our prior written consent.

     We hereby consent to the use of this opinion as an exhibit to the
Registration Statement and to the reference to our name under the caption "Legal
Matters" in the prospectus included in the Registration Statement.

                                          Very truly yours,

                                          COOPERMAN LEVITT WINIKOFF LESTER &
                                          NEWMAN, P.C.

                                          By: ________/S/ ELLIOT BRECHER________



<PAGE>
                                                                 Exhibit 23.1


We consent to the incorporation by reference in this registration
statement of our reports dated March 31, 1999 (except Note N, as to
which the date is July 20, 1999), pertaining to the financial statements
and schedule of Insight Communications Company, L.P. and our report
dated April 5, 1999 pertaining to the financial statements of Insight
Communications of Central Ohio, LLC included in the Registration
Statement (Form S-1 No. 333-78293 dated July 20, 1999) and related
Prospectus of Insight Communications Company, Inc. for the registration
of its Class A Common Stock.


                                               /s/ Ernst & Young LLP
                                               ----------------------
                                                   Ernst & Young LLP


New York, New York
July 20, 1999



<PAGE>

                                                             Exhibit 23.2(a)

                        CONSENT OF INDEPENDENT AUDITORS


The Board of Directors and Stockholders
Tele-Communications, Inc.


We consent to the incorporation by reference in the registration statement
(which is being filed pursuant to Rule 462(b)) on Form S-1 of Insight
Communications Company, Inc. of our report, dated March 5, 1999, relating to the
combined balance sheets of the TCI Insight Systems (as defined in Note 1 to the
combined financial statements) as of October 31, 1998 and December 31, 1997, and
the related combined statements of operations and parent's investment (deficit),
and cash flows for the ten-month period ended October 31, 1998 and for each of
the years in the two-year period ended December 31, 1997, which report appears
in the registration statement (No. 333-78293) on Form S-1, as amended (Amendment
No. 3).


                                                            KPMG LLP

Denver, Colorado
July 19, 1999



<PAGE>

                                                                Exhibit 23.2(b)

                       CONSENT OF INDEPENDENT AUDITORS

The Board of Directors and Stockholders
Tele-Communications, Inc.

We consent to the incorporation by reference in the registration statement
(which is being filed pursuant to Rule 462(b)) on Form S-1 of Insight
Communications Company, Inc. of our report, dated May 7, 1999, relating to the
combined balance sheets of the TCI IPVI Systems (as defined in Note 1 to the
combined financial statements) as of April 30, 1998 and December 31, 1997, and
the related combined statements of operations and parent's investment (deficit),
and cash flows for the four-month period ended April 30, 1998 and for each of
the years in the two-year period ended December 31, 1997, which report appears
in the registration statement (No. 333-78293) on Form S-1, as amended (Amendment
No. 3).

                                         KPMG LLP

Denver, Colorado
July 19, 1999



<PAGE>

                                                                   Exhibit 23.3

                     CONSENT OF INDEPENDENT ACCOUNTANTS
                     ----------------------------------

We hereby consent to the incorporation by reference in this Registration
Statement on Form S-1, of our report dated March 26, 1999 relating to the
consolidated financial statements of InterMedia Capital Partners VI, L.P., which
appears in Registration Statement on Form S-1 filed by Insight Communications
Company, Inc. with the Securities and Exchange Commission (File No. 333-78293).
We also consent to the references to us under the headings "Experts" in such
Registration Statement.


/S/ PricewaterhouseCoopers LLP


PricewaterhouseCoopers LLP
San Francisco, California
July 20, 1999



<PAGE>

                         ARTHUR ANDERSEN LLP

                                                               Exhibit 23.4

               CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS

As independent public accountants, we hereby consent to the incorporation by
reference in this registration statement of our report dated July 17, 1998
pertaining to the financial statements of Central Ohio Cable System Operations
Unit as of December 31, 1997 and for the two years then ended included in the
Form S-1 filed by Insight Communications Company, Inc. (File No. 333-78293) and
to all references to our Firm included in this registration statement.

                                                   /s/ Arthur Andersen LLP

Columbus, Ohio,
 July 13, 1999.



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