Several news organizations are speculating that cable, telephone and Internet service provider RCN has hired The Blackstone Group to look into a possible sale of the company. According to a Bloomberg.com source, the Herndon, Virginia-based company is struggling to compete against rivals such as Comcast and Time Warner, the two largest U.S. cable companies, in part because they have more leverage with cable networks.
Representatives from The Blackstone Group and RCN declined to comment to the media about the rumors.
For more information, check out the article Struggling RCN Considers Putting Itself Up for Sale.
