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

Allen on Weather Channel Plus Launch

Allen Media Group founder Byron Allen is putting everything that he has learned into the development and launch of his latest venture, Weather Channel Plus.

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 10
Most Powerful Women – 2021 Nominations Due: Sept 10, 2021
Dec 7
Most Powerful Women CelebrationSave the Date!
Full Calendar

Jobs

Seeking an INDUSTRY JOB?
VIEW JOBS

Hiring? 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 John@cynopsis.com for more information.