December 05, 2006 16:49 ET

COGECO and Bell Globemedia extend partnership in TQS

MONTREAL, Dec. 5 - COGECO Inc. (TSX: CGO) has confirmed that
Cogeco Radio-television Inc. ("CRTI") will not exercise its right to purchase
the 40% interest that CTV Television Inc. ("CTV") holds in 3947324 Canada Inc.
("TQS Holdco"), the company that owns TQS Inc., following a change of control
of Bell Globemedia Inc. on August 31, 2006 that triggered the right for CRTI
to acquire all the shares of CTV in TQS Holdco.

Furthermore, CRTI, CTV and TQS Holdco have amended the Shareholder's
Agreement to postpone the beginning of the Second Put Option Period provided
in the Agreement from February 15, 2007 to January 1, 2009.


COGECO is a diversified communications company. Through its Cogeco Cable
subsidiary, COGECO provides about 1,556,000 revenue-generating units (RGU) to
approximately 1,477,000 homes passed in its Canadian service territory and
629,000 RGUs to approximately 826,000 homes passed in its Portuguese service
territory. Through its two-way broadband cable networks, Cogeco Cable provides
its residential and commercial customers with analog and digital video and
audio services, High Speed Internet access as well as Telephony services.
Through its Cogeco Radio-Television subsidiary, COGECO holds a 60% interest
and operates the TQS network, six TQS television stations, and three French
CBC-affiliated television stations in partnership with CTV Television. Cogeco
Radio-Television also wholly owns and operates the RYTHME FM radio stations in
Montréal, Québec City, Trois-Rivières and Sherbrooke as well as the
93.3 station in Québec City. COGECO's subordinate voting shares are listed on
the Toronto Stock Exchange (CGO). The subordinate voting shares of Cogeco
Cable are also listed on the Toronto Stock Exchange (CCA).

Contact Information

  • Marie Carrier, Director, Corporate
    Communications, (514) 874-2600