CanWest's New Zealand group grows

WINNIPEG - CanWest MediaWorks New Zealand reported consolidated earnings of NZ$68 million for the year ended August 31, 2005, an 11% improvement compared with pro forma combined EBITDA for the same period last year. Consolidated revenues increased by 9% to NZ$250 million compared to pro forma combined revenue of NZ$229 million during the same period last year for the radio and television broadcasting company. CanWest Global owns 70% of the New Zealand operations. “Based upon these results, CanWest MediaWorks NZ declared a dividend of NZ 2.3 cents per share payable on November 10, 2005 to shareholders of record on October...