WINNIPEG – "A number of factors contributed to the disappointing operating results in the quarter," said CanWest Global Communications CEO Leonard Asper in reviewing the company's third quarter performance, ended May 31, 2005. "Conventional television in Canada remains a challenge. In Australia and New Zealand, a cyclical correction in advertising markets affected financial results, as did currency translation when local currency results were translated into Canadian dollars. The stronger Canadian dollar reduced EBITDA by approximately 5% or $6 million compared to the same period last year. A slowdown in national advertising, which we believe to be short-term, and weakness in...
