CanWest's Australian TV revenues decrease

WINNIPEG – CanWest Global Communications Corp.’s Australian TV operation, The TEN Group pty Limited, reported lower revenues in the quarter ending May 31. TEN saw consolidated revenues fall 10% from the same quarter last year, dropping from A$231.8 million to A$208.2 million. TEN’s consolidated EBITDA of A$30.3 million was down 50% compared with A$61.3 million in the previous fiscal year. For the first three quarters of this fiscal, TEN’s consolidated revenue was down 7% over the same period last year, and its consolidated EBITDA was 26% lower. CanWest will receive an interim distribution of A$39.2 million as TEN declared a...