RCN cable tv subscribers stable at 368,000 in 2Q09

Tuesday, August 4th, 2009
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HERNDON, VA — RCN Corporation (NASDAQ: RCNI), a leading provider of all-digital and high-definition video, high-speed internet, and premium voice services to residential and small-medium business customers, as well as high-capacity data transport services to carrier and large enterprise customers, today announced its second quarter 2009 results.

Customers, RGUs and Digital Penetration

Compared to the second quarter of 2008, Residential/Small-Medium Business customers increased to approximately 430,000 and total revenue generating units increased to approximately 911,000, as continued growth in video and data RGU’s was partially offset by a reduction in voice RGU’s, consistent with trends for highly-penetrated landline voice providers. Bundle rate decreased slightly to 67%, and digital video penetration rate remained flat at 91% of video customers, with metro markets maintaining 100% digital penetration through the completion of Project Analog Crush.

Key Metrics (customers & RGUs in thousands):

                                          For the three months ended
                       June 30, 2009  March 31, 2009   June 30, 2008
                      --------------  --------------  --------------
Video RGUs                       368             366             363
Digital Penetration              91%             91%             75%

More: Earnings Release