Global TV results temper overall CanWest picture

WINNIPEG – While CanWest Global Communications reported overall revenue and earnings increases for the third quarter of 2005, the company saw its Canadian TV operations suffer some more. Revenue at CanWest’s Canadian broadcasting operations declined by 3% to $201 million in the quarter ended May 31st, compared to Q3 2004. EBITDA of $57 million for the quarter was 7% below last year’s third quarter Of late, Global TV has fared poorly in the ratings in comparison to CTV, which has routinely taken the bulk of the ratings gains in the Canadian market. “Compared to previous years, weaker ratings performance in...