Cogeco loses $56.7 million in third quarter

Cogeco, the nation’s fourth largest cable provider, today announced its financial results for the third quarter of its 2011 fiscal year which ended May 31, 2011.

While revenue and operating income showed strong growth, Cogeco reported a third quarter loss of $56.7 million after it was forced to take a $225.9 million loss on its investment in Cabovisão, a Portuguese cable operator