7/9 : Publicis folds Philly unit Evolvr; Cerner CEO Neal Patterson dies from cancer at age 67



 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email



Publicis Cuts 8% of Digitas Health Staff in North America, Folds Philly Unit Evolvr (Ad Week)

AstraZeneca sells off Fairfax campus for $50 million (Wilmington News Journal)

‘A profound loss’: Cerner CEO Neal Patterson dies from cancer at age 67 (Kansas City Star )
Cerner also owns the former Siemens Health Services in Malvern.

AT&T’s Blockbuster Deal for Time Warner Hangs in Limbo (NY Times)

Apple sees iTunes market share slip as competition increases from Amazon & Comcast for films (9to5mac)


Nevada developer to build 1M-square-foot warehouse
(LVB.com)


Canada's Cogeco buying Frazer-based MetroCast from Harron in $1.4 billion deal

Tom Paine







 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email





Canadian telecommunications firm Cogeco Communications Inc. announced yesterday that is acquiring Frazer (Chester County)-based MetroCast from Harron Communications LP for $1.4 billion.


If the name Harron is familiar, it was a major cable TV provider in the Philadelphia and Boston areas. In 1999, its cable systems were sold to Adelphia Communications, which soon afterward failed in a major finincial corruption scandal, for $1.2 billion. Much of its Philly and Boston footprints eventually ended up in Comcast's hands.

MetroCast was a new Cable / Broadband service pieced together by Harron after selling the bulk of Harron Communications. It covers 236,000 homes and business in New Hampshire, Maine, Pennsylvania and Virginia. Cogeco is buying the assets through its subsidiary, Atlantic Broadband. It bought Atlantic Broadband in 2012 for $1.36 billion, then bought MetroCast’s Connecticut operations for $200 million in 2015.

MetroCast is expected to achieve $230 million in revenue in 2017.