Cogeco revenue, earnings rise on acquisition, tempered by soft radio ad sales

MONTREAL – Third quarter revenues at Cogeco Inc. rose by 11.6% to $669 million in the third quarter of fiscal 2018 (ended May 31st) while adjusted earnings rose 12.1% compared to Q3 2017 to $297 million – thanks in large part to a U.S. acquisition completed in the beginning of the calendar year, the company announced Wednesday evening.Free cash flow increased by 5.3% to $115.5 million, compared to the prior year’s quarter.Revenue was driven by growth of 15% in the Communications segment as result of the January 2018 acquisition of Harron Communications, cablesystems operating under the MetroCast brand name, which...