MONTREAL – While second quarter revenues jumped 10.2%, Cogeco Communications saw profits for the period plunge by about 44% without the gains related to U.S. tax reforms that it recorded in the same period last year.
Profits for the period ended February 28, 2019 were $80.8 million, of which $76.3 million was attributable to the owners of the Corporation, down from $143.8 million, of which $140.9 million was attributable to owners of the Corporation in the comparable period of fiscal 2018. The company said late Tuesday that the variation is mainly due to last year's $94 million income tax reduction…
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GATINEAU – During the final regular season game of the NHL season aired on TVA Sports this past weekend, the Quebecor-owned broadcaster warned viewers they were going to lose access to the channel when the NHL playoffs begin – and that it’s all Bell’s fault.
Currently, Quebecor CEO Pierre Karl Péladeau is leading a one-man public campaign decrying the state of affairs when it comes to specialty TV and the wholesale rates his TVA channels receive from carriers (please see our feature interview published here), since they are so much lower than Bell Media channels…
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44% increase in complaints
OTTAWA – The mid-year report from the Commission for Complaints for Telecom-television Services (CCTS) once again doesn’t look good for Canada’s telecom and TV providers.
The report released this morning shows a 44% increase in the number of complaints it received from Canadian telecom and TV customers between August 1, 2018 and January 31, 2019. This follows a 73% increase for that same period last year, so there has at least been improvement in the rate of growth in complaints at least.
Canadians complained most often about their wireless service, followed in order by…
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TROIS-RIVIÈRES – Cogeco Connexion today announced the launch of its new managed Wi-Fi solution for small and mid-sized businesses in Quebec.
The complete and customizable solution will support the growing demand for fast and reliable internet connectivity by offering scalable solutions to match their current and future needs of its SME customers, says the release.
"(C)ompanies will benefit from adaptable solutions that can grow with them as they strive to increase their productivity, while reducing their operational and capital expenditures," said Antoine Shiu, vice president, marketing and sales, business solutions. "With the launch of our Managed Wi-Fi solution, our business customers…
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CANOE VENTURES IS hoping 2019 is the year where it begins to help build video on demand advertising together with BDUs and broadcasters into a $200 million marketplace.
The U.S. company (which is co-owned by MSOs Comcast, Cox Communications and Charter Communications) has been the driver behind huge success Stateside, where the VOD ad business is already a US$1 billion market. Canoe alone delivered 26 billion ad impressions in 2018 on 7,476 ad campaigns. It delivers VOD ads to 36 million American households for broadcast clients such as ABC, A+E, AMC, CBS, Discovery, MTV, NBC, Showtime, Univision and others.
Now,…
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OTTAWA – Aboriginal People's Television Network (APTN) has been named Company of the Year by Women in Communications and Technology (WCT), while Cisco Systems Canada president Rola Dagher was tapped as Woman of the Year.
WCT also named 9 other recipients of its annual awards, which recognize women, men and organizations committed to diversity and closing the gender gap in Canada's information, broadcast, communications, media and technology industries.
The 2019 Leadership Excellence Award recipients are:
– Trailblazer: Anuja Sheth, vice-president, business networks and supply chain, Bell Canada
– Innovator: Johanne Hinse, vice-president, programming and community relations, Cogeco Connexion Inc.
– Mentor: Caroline Gayle, managing…
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MONTREAL – Cogeco Communications is selling its business information and communications technology services subsidiary Cogeco Peer 1 Inc. to investment firm Digital Colony for $720 million.
Cogeco Peer 1’s portfolio includes over 3,300 route kilometers of owned, dense metro fiber in greater Toronto and Montreal, as well as several data centers across North America and Europe. Wednesday’s announcement said that the company will remain headquartered in Toronto and adopt a new brand.
Cogeco Communications said that it will retain “significant” fibre capacity in Toronto and Montreal under the deal, adding that it has signed a commercial agreement with Digital Colony “aimed…
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QUEBEC CITY — Leclerc Communication tried out its best logical gymnastics on Wednesday as it appeared before a CRTC hearing to justify its requests related to the proposed $19-million acquisition of CHOI-FM (Radio X) in Quebec City and CHLX-FM (91,9 Sports) in Montreal from RNC Media.
Besides the ownership transaction itself, Leclerc is asking for an exception to the common ownership policy to acquire Quebec City's most popular commercial radio station and keep its two others, and is seeking to change CHLX's format from sports talk to music.
(Ed note: For what it’s worth, other radio station owners have argued the…
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STOCKHOLM – Ericsson has closed the sale of the majority stake of its MediaKind business to private equity firm One Equity Partners, a year after it first announced the sale.
One Equity Partners is now the majority owner, with Ericsson holding 49% of the shares after the transaction on January 31, 2019.
In Canada, Bell Canada (Fibe TV), Telus (Optik), SaskTel (maxTV) all use the technology for their TV services, and Cogeco Connexion will also soon offer it to its cable customers.
“In partnering with One Equity Partners, MediaKind is established as a leading independent video technology company with strong and committed…
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TORONTO – CTAM Canada unveiled its new board and committee members last week at its annual President’s Reception in Toronto.
A volunteer driven chapter of CTAM, the Cable & Telecommunications Association for Marketing, CTAM Canada has over 500 members across Canada and abroad, representing content providers, cable and telecommunications distributors as well as technology and service companies.
CTAM Canada's new and returning members for 2019 are:
President– Julie Kumaria (Hollywood Suite)
Vice President– Michelle Vaters (Corus Entertainment)
Treasurer– Don McDonald (Super Channel)
Secretary– Kayleigh Hennessey (Rogers Communications)
Sponsorship Co-Chair– Norm Lem…
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