Radio / Television News

Down Under stabilization for CanWest


WINNIPEG - The Ten Group, the company that owns CanWest's Australian television and out-of-home advertising operations, this week reported consolidated revenues of A$294 million and EBITDA of A$107 million for the first quarter of its 2007 fiscal year, ended November 2006. Revenues were essentially the same as those reported in the same period one year ago, "representing a significant recovery from revenue declines in each of the previous four fiscal quarters," says the press release. Consolidated EBITDA declined by 15.6% compared to the same period one year ago, reflecting increased programming costs incurred during the quarter. "Notwithstanding the decline in...