MONTREAL – Cogeco Inc. announced Tuesday that it has been entirely released, without costs, from its obligations to CIBC as guarantor of Groupe TQS, contracted on December 14, 2008.
The release of Cogeco follows the repayment by Remstar Corporation of all sums owed by Groupe TQS to CIBC, Cogeco said in a statement.
Remstar won the bidding competition for the financially-troubled Quebec TV network earlier this month, and is now in the process of finalizing details of the purchase and presenting its proposals to creditors. TQS is 60% owned by Cogeco and 40% by CTVglobemedia.
Creditors will vote on…
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TORONTO – National radio sales continued its strong performance with an 8.8 % increase in the second quarter of the 2008 broadcast year, ended February 29, 2008, according to information provided by Canadian Broadcast Sales (CBS).
“Given our strength at the midpoint of the year, we continue to forecast an overall increase for national radio in this broadcast year of approximately 8%, assuming the Canadian economy remains healthy.” said Patrick Grierson, president of CBS, in a release. “We’re seeing good growth geographically, especially in the west. In Q2, the national retail category continued to lead all sectors, capturing…
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MONTREAL – Cogeco Cable announced today the launch of its Digital Phone service in Bic, Sainte-Luce, Ste-Blandine et St-Fabien, St-Gédéon and St-Martin-de-Beauce, Québec.
Residents can now take advantage of Cogeco Cable’s all-inclusive Digital Phone offer for as little as $39.99 per month if they subscribe or are already a subscriber to Cogeco Cable’s high speed Internet and/or cable television service.
www.cogeco.ca
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MONTREAL – Cogeco Cable announced Tuesday it had acquired all the assets of MaXess Networx, the telecommunications division of EnWin Energy Ltd., which is the City of Windsor’s energy company.
Details of the deal, including the price tag, were not immediately available.
MaXess Networx operates a broadband network equipped with next generation ATM and Ethernet technology in southwestern Ontario. The broadband network has the capacity for data networking, high-speed Internet access, e-business applications, video conferencing and other advanced communications.
Cogeco Cable, which also offers broadband services in southwestern Ontario, plans to use the MaXess Networx to expand its service…
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MONTREAL – Cogeco Cable launched its digital phone service in Huntsville, Bracebridge and Gravenhurst, Ontario, the company announced Tuesday.
Cogeco’s digital phone offer is priced from $44.99 a month for customers who are already high-speed and/or digital TV subscribers, but a promotion offer will give them $10 off their monthly bills for 12 months.
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MONTREAL – Quebec film and television production company Remstar Corporation has won the bidding war for the financially troubled TQS television network.
TQS’s Board of Directors and the networks’ shareholders announced Monday their approval of Remstar’s offer, shortly after it was accepted by Quebec Superior Court Judge Pierre Journet.
The terms and the amount of the offer were not revealed, but Remstar’s co-president and CEO Maxime Rémillard said in a statement that “our business plan will take TQS beyond traditional television broadcasting. That’s how we believe we can best respond to the challenges facing the Quebec television industry.”
“We’re…
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TORONTO – Cogeco Cable has launched Family On Demand, announced Family Channel’s owner, Astral Media, today.
The new service will offer a minimum of 30 hours of programming from Disney, including Hannah Montana and The Suite Life of Zack and Cody, together with popular Canadian series such as Life With Derek and Naturally, Sadie. Family On Demand will also offer entertaining and educational programming from Playhouse Disney.
The titles offered on Family On Demand will be offered to Family Channel digital subscribers at no additional cost so kids can watch their favourite shows as often as they choose.
"Viewing…
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MONTREAL – Four unnamed suitors have submitted bids for Quebec’s financially strapped TQS television network, but neither Rogers Communications nor RNC Média (Radio Nord Communications), who have been rumoured as suitors for the troubled French broadcaster, are among them.
TQS and the court-appointed controller, RSM Richter, said late Monday that four offers were received by the Monday deadline and they will be evaluated in the coming days. TQS entered bankruptcy protection in December and the courts gave the company until this week to find firm offers.
“The deposit of these four firm offers demonstrates the industry’s interest in TQS…
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MONTREAL – Cogeco Cable has added Quebecor Media’s Les idées de ma maison, a brand new digital channel, to its cable lineup.
The channel is devoted to home decoration, renovation, do-it-yourself, cooking, landscape design and lifestyle programming.
“Fans eager for new ideas to revamp their living spaces are sure to find everything they could wish for with original TVA series such as Ma maison Rona, Tout simplement Clodine, Le brunch de Maman Dion, Maman Dion and Dodo Déco and hit series including Martha Stewart Living and La touche d’Olivier,” says the press release.
www.cogeco.ca
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OTTAWA – Minister of Industry Jim Prentice has been “about to” introduce new copyright legislation for about three months now at least, according to Ottawa sources.
Perhaps March will be the month it happens…
In the meantime, the Business Coalition for Balanced Copyright has submitted a position paper to the minister “urging the government to strike a balance in copyright reform that reflects the needs of users and creators,” says its letter.
Besides the members in the headline, the BCBC also includes smaller stakeholders like EastLink, Cogeco Cable, SaskTel, the Canadian Wireless Telecommunications Association and the Retail Council of…
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