RCN Cuts Its Losses

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RCN reported a net loss of $22.8 million for the third quarter of 2006, nearly one-half the $41.6 million the MSO posted in the previous-year period.

Earnings before interest, taxes, depreciation and amortization rose 49% to $35 million from $23 million in the third quarter of 2005.

Revenue climbed to $158 million from $139 million in the year-ago quarter.

The MSO said it added some 6,000 subscribers during the period, bringing its total to 424,000.

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