Radio & Television

Canadian TV biz still soft for CanWest

WINNIPEG – Revenue and earnings in the first quarter of fiscal 2006 say things are still tough at CanWest Global. While consolidated net earnings were $30 million, compared to $35 million or $0.20 per share in the first quarter of fiscal 2005, those earnings were boosted by a gain of $84 million on the sale of a 26% interest in its newspaper and online assets through the CanWest MediaWorks Income Fund initial public offering (IPO) in October. Net earnings were also negatively impacted by other refinancing charges. Excluding the effects of these non-recurring charges and comparable charges in the prior...