Cogeco weathering Covid well so far (updated)

MONTREAL – Cogeco Inc. reported solid third quarter results late on Wednesday, recording a 1.4% increase in revenue to $626 million and adjusted EBITDA of $298.4 million, an increase of 2.9% compared to the same quarter of 2019. While the company did take a hit on the radio side as advertising has plummeted during the Covid-19 crisis, its press release said “the situation had various impacts on our business during the last quarter. However, these Covid-related impacts did not have a material effect on our results.” Cogeco’s cable, ISP and telecom businesses in southern Ontario and Quebec and in the...