MONTREAL – Cogeco reports that revenue increased by 5.9% to $366.6 million in its first quarter of fiscal 2013, ended November 30, 2012. Operating income, before depreciation and amortization, increased by 11.6% to $156.6 million, compared to the first quarter of fiscal 2012. But profit fell to $47.1 million compared to $47.9 million for the same period of the previous fiscal year.
Cogeco attributes the decrease to the cable segment and due to an increase in income taxes, the acquisition costs related to the acquisition of Atlantic Broadband (ABB) and last year's profit from the…
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MONTREAL and VANCOUVER – Cogeco Cable is buying Peer 1 Network Enterprises for $526 million as it continues to focus on expanding its cloud and data computing services. Cogeco is offering $3.85 for each Peer 1 share, a premium of 30.5% compared to the stock’s closing price on Thursday.
Peer 1 is one of the world's leading internet infrastructure providers, specializing in managed hosting, dedicated servers, cloud services and colocation. The acquisition of Peer 1, combined with Cogeco Cable's existing data centre capabilities, will increase the scale and scope by adding the capability to service an…
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TORONTO – Aimed at Ontario’s multi-ethnic communities, Ethnic Channels Group (ECG) launched 23 new channels on Cogeco Cable on December 12.
The channels add content to Cogeco’s third language services and help the Canadian multi-ethnic majority watch TV as if they live in their home country without leaving their couch in Canada says ECG.
“We are very excited to partner with Cogeco on the launch of these services. These channels will assist Cogeco to grow their subscriber base by capturing new clients that have been previously underserved by a minimal amount of ethnic offerings,”…
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TORONTO – Cogeco Cable has expanded its South Asian channel line-up to include 26 channels from ATN. The new channels were launched on December 12, 2012 in different genres including General Entertainment, Bollywood Movies, News & Current Affairs, Music, Lifestyle and regional language channels i.e. Punjabi, Bangla, Tamil & Urdu.
"We have had an incredible demand for our Television Channels in the vast urban population served by Cogeco and we are delighted to launch these Compelling ATN services" said Dr. Shan Chandrasekar, President and CEO of ATN.
All channels are available in various packages…
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MONTREAL – Cogeco Cable has launched its Turbo 20, Ultimate 40 and Ultimate 60 High Speed Internet (HSI) packages in Chelsea and Wakefield, Quebec. The company says its DOCSIS 3.0 HSI packages offer speed and pricing comparable to competitors in the region.
"We always strive to offer our customers more flexibility, speed and choices. Today, the whole family can use the Internet at the same time for online banking, video gaming, shopping or for downloading videos or films, and all with the same service. Cogeco's HSI packages Turbo 20, Ultimate 40 and Ultimate 60 meet those…
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MONTREAL- Cogeco Cable reports it has completed the acquisition of Atlantic Broadband from ABRY Partners which was announced on July 18, 2012. Formed in 2003, Atlantic Broadband operates cable systems in Western Pennsylvania, Southern Florida, Maryland, Delaware and South Carolina.
Serving about 251,000 television service customers, Atlantic Broadband is currently the 12th largest cable operator in the United States and provides analog and digital television, as well as high speed Internet (HSI) and telephony services.
"This is a very important day for Cogeco Cable as this acquisition marks our entry into the United States market….
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MONTRÉAL – Cogeco Diffusion’s senior management has apologized for comments and actions that 98.5 FM on-air host Jacques Fabi made when a woman phoned in to his show “Fabi la nuit” and called the Holocaust a beautiful thing. Fabi never attempted to interrupt the woman and even sympathized with her statements.
Cogeco Diffusion also confirmed it has suspended Fabi without pay for a period of one month, effective on the date of the incident which occurred on November 21. B'nai Brith Canada is still demanding an on-air apology from Fabi.
"Cogeco Diffusion and 98.5 FM…
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MONTREAL – Henri Audet, the elder statesman of the Canadian cable and broadcast pioneers who built Cogeco from a single broadcast TV station, died November 3. He was 94.
With an electrical engineering degree from MIT, Audet joined the CBC in 1949 when it was just a radio broadcaster beginning to explore television. He and a few others led the public broadcaster’s push into the new medium, which saw the first station go live in Toronto in 1952 – and two years later the first French-language CBC TV station in Montreal.
However, the CBC’s television coverage was very limited then and…
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MONTREAL – Cogeco Cable is adding 66 new HD channels bringing its HDTV programming line-up to 150 channels in the majority of its Ontario market.
New channels include youth programming (Disney XD HD, Cartoon Network HD, Teletoon HD, ABC Spark HD), sports programming (Sportsnet World HD), movie programming (TMN Fest HD, TMN Encore 2 HD), lifestyle programming (Travel&Escape HD, food Network HD), and more (Space HD, Discovery HD, Comedy Network HD). Cogeco’s HD channels are free with the subscription of the equivalent standard definition channel.
“Cogeco HD TV service offers an exceptional quality and viewing…
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MONTREAL – Cogeco Cable Inc’s net income fell to $44.9 million in the last quarter from $70.1 million a year earlier. Revenue increased by 7.7% to $356.7 million in the quarter up from $331 million, and for the year 11% to reach $1.41 billion. Cogeco blamed the lower profit on an increase in corporate taxes in Ontario and faster depreciation periods.
It attributed the revenue increases to the cable segment, the recent acquisition of Metromedia and the full year impact of its acquisition of the Quebec radio stations held by Corus.
Cogeco added that…
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