Breaking News...

Posted by Mitchell - February 27, 2004 (entry 154)

The CAN TV/RCN fight continues to break new ground: I've been informed that the The Chicago City Council Finance Committee is holding a hearing today, Friday February 27, on RCN's negligence to the city and to CAN TV. Evidently, a city resolution condemning RCN is coming to the fore, and already has 36 signatories.

Stay tuned. Further bulletins will be posted as events warrant.

Update: From CAN TV's website: "On February 27, 2004, the Committee on Finance held a hearing on RCN's violations of its franchise obligations in cable areas 2, 3 & 4. The hearing was called as a result of a resolution sponsored by 31st Ward Alderman Ray Suarez and signed by 36 other Aldermen. Aldermen at the hearing expressed support for the Cable Commission's actions to fine RCN for those violations and to proceed against Letters of Credit and performance bonds held in those three areas."

The Tribune reports: "City lawyers said they had begun to take formal steps to claim more than $10 million in letters of credits and performance bonds from RCN Corp. Officials said RCN had not lived up to its agreement, failing to make payments to the public access channel."

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