RCN Corporation has announced the completion of its acquisition by private investment fund ABRY Partners, LLC. Pursuant to the agreement reached on March 5, 2010, RCN shareholders will receive $15.00 in cash for each share of RCN they own. In conjunction with the transaction, RCN’s common stock will no longer trade on the NASDAQ Global Select Market and will be de-listed accordingly.

RCN’s video, high-speed Internet and premium voice services business, which previously constituted RCN’s residential and small business segment, will operate as a standalone business and will be led by CEO Jim Holanda. Steven Simmons will serve as the company’s Chairman.

The RCN Metro business will be led by CEO Mike Sicoli, previously EVP and CFO of RCN Corporation.

The Daily

Subscribe
Thursday–May 8

Programming

We have yet another reason to be scared of clowns thanks to a new limited true crime docu-series “The Killer Clown: Murder on the Doorstep”, which will air weekly on SundanceTV starting on June 5 at 10pm

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Calendar

Sep 11
2025 Faxies Awards Faxies Nominations Open! Final deadline: 4/4/25
Full Calendar

Jobs

Seeking an INDUSTRY JOB or hiring for one?
VIEW JOBS

In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors. The result will be an even more robust industry job board, to help both employers and job seekers.

Contact Carley Ashley, [email protected], for more information about posting a job on the website and our Jobs newsletter, sent twice weekly to 85,000 media professionals.