Rcn Heading To Chapter 11

3 April 2004

MSNBC reports that RCN is likely to file for reorganization under Chapter 11 of the bankruptcy code. Here is the company’s own press release concerning its restructuring efforts.

Level 3 Communications has held a position in RCN since its inception. Walter Scott, Jr. is RCN’s Vice Chairman. James Crowe is a member of RCN’s Board of Directors. These two men also serve as Chairman and CEO respectively of Level 3 Communications.

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