Writer's strike hurts Canwest's bottom line in Q2

WINNIPEG – Slow ad sales caused partly by the writers’ strike south of the border led Canwest Global Communications Corp. to post a $33.9 million loss in the second quarter ended February 29, according to financial results released Friday. The Winnipeg-based broadcasting and newspaper conglomerate recorded net income of $7.06 million in the same period a year earlier. “Overall our second quarter results were solid, despite overall softening market conditions in Canada, and the impact of the Writers’ strike on Canadian television. At the half way mark of our fiscal year, our publishing, specialty television and Australian operations produced strong results,”...