Henri Audet, founder of Cogeco cable has died at age 94.
Trained as an engineer, Henri Audet left a job at the Canadian Broadcasting Corporation to launch a television station in Trois-Riviére. He sold his house and raised $100,000 from friends and other investors as seed money. From that single television station the company has become Canada’s fourth-largest cable company and one of Quebec’s largest media companies.
Mr. Audet had degrees from Polytechnique Montréal and the Massachusetts Institute of Technology (MIT) and served as president of the Canadian Association of Broadcasters from 1961 to 1964. Appointed a Member of the Order of Canada in 1984, he contributed significantly to the broadcasting and entertainment sectors
"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," said Jan Peeters, president of the boards of Cogeco Inc. and Cogeco Cable Inc.
"Mr. Henri Audet was and remains a great source of inspiration for all the members of the extended Cogeco family."
Control of Cogeco Inc. and 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.