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Article Excerpt
Byline: Bryce Baschuk, THE WASHINGTON TIMES
RCN Corp., the Herndon cable company, is unplugging itself from the West Coast market and strengthening its regional roots in the Northeast and Chicago, but some analysts are concerned about investor unrest.
Last week, the local cable, telephone and Internet service provider pulled out of San Francisco, selling its assets and 18,000 subscribers to Astound Broadband, a subsidiary of Wave Division Holdings LLC, in Kirkland, Wash., for $45 million.
"It makes sense to focus on the Northeast market," said Peter Aquino,...
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