Death of Henri Audet, founder of COGECO inc.
MONTREAL, QUEBEC, Nov 5, 2012 (Marketwire via COMTEX) --
Louis Audet, President and Chief Executive Officer of COGECO Inc. and Cogeco Cable Inc., announces with sadness that the Founder and President Emeritus of the company passed away on November 3, 2012 at the age of 94.
Founded in 1957 with a view to operating a commercial television station in Trois-Rivieres, COGECO Inc. has become, through its direct and indirect subsidiaries including Cogeco Cable Inc., Cogeco Data Services Inc. and Cogeco Diffusion Inc., a major Canadian communications company with consolidated revenue of $1.4 billion for fiscal year ended on August 31, 2012 and approximately 3,500 employees in Ontario and Quebec.
The control of COGECO Inc., and therefore of its direct and indirect subsidiaries, is held by Gestion Audem Inc., a holding company whose shares are held entirely by the members of the family of Henri Audet. The control of Gestion Audem Inc. remains entirely with the family of Henri Audet following his death.
" In the name of the board of directors of COGECO inc. and Cogeco Cable inc ., as well as in the names of all the employees, I wish to convey our most sincere condolences to the whole Audet family. Mr. Henri Audet was and remains a great source of inspiration for all the members of the extended Cogeco family ", declared Jan Peeters, President of the boards of directors of COGECO inc. and Cogeco Cable inc..
COGECO is a diversified communications corporation. Through its Cogeco Cable subsidiary, COGECO provides its residential customers with Analogue and Digital Television, HSI and Telephony services using its two-way broadband cable networks. Cogeco Cable also provides, to its commercial customers, through its subsidiary Cogeco Data Services, data networking, e-business applications, video conferencing, hosting services, Ethernet, private line, VoIP, HSI access, data storage, co-location services, managed IT services, cloud services and other advanced communication solutions. Through its subsidiary, Cogeco Diffusion, COGECO owns and operates 13 radio stations across most of Quebec with complementary radio formats serving a wide range of audiences as well as Cogeco News, its news agency. Cogeco Diffusion also operates Metromedia, an advertising representation house specialized in the public transit sector that holds exclusive advertising rights in the Province of Quebec where it also represents its business partners active across other Canadian markets. COGECO's subordinate voting shares are listed on the Toronto Stock Exchange (TSX:CGO). The subordinate voting shares of Cogeco Cable are also listed on the Toronto Stock Exchange (TSX:CCA).
FOR FURTHER INFORMATION PLEASE CONTACT: Rene Guimond Vice President, Public Affairs and Communications 514-764-4746
SOURCE: COGECO Inc.
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