In June 1957, Henri Audet who had left the Canadian Broadcasting Corporation, and had become president and managing director of Télévision St. Maurice Inc., was awarded a broadcasting license by the Canadian Radio Broadcasting Commission to operate a television station in Trois-Rivières, Quebec. The call sign would be CKTM-TV, and it would become an affiliate of the CBC French-language network Société Radio-Canada. Télévision St. Maurice Inc. was later renamed Cogéco Radio-Télévision Inc., a subsidiary of Cogeco Inc. He would also become chairman and president of La Belle Vision Inc., which was in 1972, Cogeco's first acquisition. Henri Audet was chairman and CEO of Cogeco Inc. between 1976 and 1993, and later in the year 1996, was named President Emeritus of Cogeco Inc. and Cogeco Cable Inc. Over time the company divested itself of all its on-air broadcast television assets. In 1989, the company obtained its initial presence in Ontario by acquiring cable systems in Burlington and Oakville and in 1996 expanded further in Ontario by acquiring an additional 25 cable systems from Rogers Communications. Between 1998 and 2001, Cogeco increased its footprint in both Quebec and Ontario with the acquisition of an additional 19 cable systems. In a turn of events, in 2009 and again in 2010, Rogers invested substantially in both Cogeco Inc. and Cogeco Cable Inc., resulting in some speculation surrounding the two rivals. In 2011, the company increased its radio station assets by acquiring Corus Québec, a subsidiary of Corus Entertainment, and in 2018 acquired additional radio stations from RNC Média, giving it a total of twenty-two radio stations in Quebec and one in Ontario. Also that year, the company purchased Métromédia for CA$41 million to later sell it in 2018 to Bell Media for an undisclosed amount. In February 2012, the company also sold its cable systemCabovisão in Portugal to the European media group Altice. In July 2012, the company expanded into the U.S. market by acquiring the cable system operator Atlantic Broadband. In December that same year, it acquired Peer 1 Hosting, an internet infrastructure provider, and later in October 2015, merged it with its Cogeco Data Services, forming a new subsidiary called Cogeco Peer 1. In January 2018, Cogeco Communications Inc. announced that its US subsidiary Atlantic Broadband had completed the acquisition of the cable systems owned by Harron Communications which were operating under the brand name MetroCast for US$1.4 billion, making the company the eight largest hybrid fibre coaxial cable operator in North America. In February, 2019 the company announced that it had sold Cogeco Peer 1 to , a global investment firm for CA$720 million.
Corporate governance
As of 3 December 2019, the Cogeco Inc. ISS Governance QualityScore is 7. The pillar scores are Audit: 1; Board: 4; Shareholder Rights: 10; Compensation: 1. Corporate governance scores are provided to Yahoo Finance by Institutional Shareholder Services. Scores denote a relative to index or region. A decile score of 1 denotes the lowest governance risk, while a score of 10 denotes the highest governance risk.
