Cogeco upgrades guidance thanks to hot cable performance

MONTREAL – Over the third quarter of fiscal 2007, ended May 31st, revenue at Cogeco Inc. increased by 46.2% reaching $277.4 million and operating income before amortization improved by 44.4%, to stand at $95.5 million.While Cogeco operates a number of radio stations and has majority control of Quebec conventional broadcaster TQS, it’s the cable side – in Quebec, Ontario and Portugal, that’s really driving the company.“The cable subsidiary continued to exceed the last financial projections. Revenue generating units (RGUs) are up as well as overall financial results. The media sector improved its revenue mainly due to the performance of the...