-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Lz7bSinkkrRAaf2546QGhEGVQNWDlWG9Los7Dw+Ofa+6ulEdxqbnGjx4zsmt8BUU 3BFeOriz0cfQeXudX8VVyg== 0000950123-06-008195.txt : 20060627 0000950123-06-008195.hdr.sgml : 20060627 20060627160812 ACCESSION NUMBER: 0000950123-06-008195 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060627 FILED AS OF DATE: 20060627 DATE AS OF CHANGE: 20060627 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CANWEST GLOBAL COMMUNICATIONS CORP CENTRAL INDEX KEY: 0001003565 STANDARD INDUSTRIAL CLASSIFICATION: TELEVISION BROADCASTING STATIONS [4833] IRS NUMBER: 000000000 FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14148 FILM NUMBER: 06927195 BUSINESS ADDRESS: STREET 1: 3100 TD CENTRE STREET 2: 201 PORTAGE AVE CITY: WINNIPEG MANITOBA STATE: A2 BUSINESS PHONE: 2049562025 MAIL ADDRESS: STREET 1: 1981 MCGILL COLLEGE AVE CITY: MONTREAL STATE: A8 ZIP: H3A 3C7 6-K 1 y22720ae6vk.txt FORM 6-K FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of June 2006 Commission File Number: 001-14148 CANWEST GLOBAL COMMUNICATIONS CORP. (Translation of registrant's name into English) 3100 CANWEST GLOBAL PLACE 201 PORTAGE AVENUE WINNIPEG, MANITOBA, CANADA R3B 3L7 (204) 956-2025 (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F [ ] Form 40-F [X] Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders. Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ___________. Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR. Indicate by check mark whether by furnishing the information contained in this Form the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes [ ] No [X] If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- _______________ SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. CANWEST GLOBAL COMMUNICATIONS CORP. Date: June 27, 2006 By: /s/ JOHN E. MAGUIRE -------------------------------- John E. Maguire Chief Financial Officer EXHIBIT INDEX Exhibit Number Description - -------- ----------- 1 CanWest Global Communications Corp. Press Release dated June 26, 2006 EX-99.1 2 y22720aexv99w1.txt PRESS RELEASE [CANWEST GLOBAL COMMUNICATIONS LOGO] NEWS RELEASE For Immediate Release June 26, 2006 CANWEST MEDIAWORKS NZ RECORDS SOLID THIRD QUARTER Television operations lead the way in EBITDA growth WINNIPEG: CanWest Global Communications Corp. announced today that its 70%-owned New Zealand media operation, CanWest MediaWorks (NZ) Limited, recorded revenue and EBITDA growth for the three month period ending May 31, 2006. Consolidated revenue for the quarter was up slightly to NZ$60.7 million from NZ$60.4 million from the same quarter in the previous year. Consolidated EBITDA increased 1% to NZ$13.4 million from NZ$13.2 million in the same quarter in fiscal 2005. For the nine months to date, consolidated revenue was up 3% from the comparable prior period, while consolidated EBITDA was down 7% from the same period in fiscal 2005. During the quarter, TVWorks performed strongly by maintaining tight control over its operating costs, and recorded an 8% increase in EBITDA for the quarter to NZ$7.5 million, up from NZ$6.9 million the year before, despite its revenues staying at the same level as the previous comparable period. Also during the quarter, RadioWorks recorded revenues of NZ$26.1 million a slight increase from the NZ$25.8 million from the same quarter the year earlier. EBITDA was down slightly to NZ$6.9 million from NZ$7.1 million the previous year. CanWest MediaWorks International President Tom Strike said that the relatively flat results were expected after three fiscal years of very strong revenue and EBITDA growth. "It was inevitable that those previous years' levels of growth would moderate, but our television and radio businesses in New Zealand, are both performing well and we are much better positioned for a softening of the economic environment than we would have been a couple of years ago." CanWest MediaWorks NZ's CEO Brent Impey noted that while EBITDA was down relative to last year, the Company's performance continues to improve through fiscal 2006. "At the halfway point of the fiscal year, we reported a 10% decrease in EBITDA relative to the same period the previous year. We have now closed that gap to 7% and while we are hoping to come close to matching last year's performance for the full year, this target could be a challenge in the rapidly tightening economic environment that we are now experiencing." Impey also pointed out that the company's flagship TV3 television network is attracting record audience shares for key shows such as 3 News, House, Boston Legal, America's Top Model and CSI. "Radio is also performing very solidly, and in the most recent nationwide audience survey, The Edge took the top spot among music stations with the most number of listeners, and The Rock became the top music network by audience share," He said. These results are in accordance with New Zealand Equivalents to International Financial Reporting Standards and will be subject to foreign currency translation and adjustment to Canadian GAAP upon consolidation with CanWest's other operations. This news release contains certain comments or forward-looking statements about the objectives, strategies, financial conditions, results of operations and businesses of CanWest. Statements that are not historical facts are forward-looking and are subject to important risks, uncertainties and assumptions. These statements are based upon our current expectations about our business and the markets in which we operate, and upon various estimates and assumptions. The results or events predicted in these forward-looking statements may differ materially from actual results or events if known or unknown risks, trends or uncertainties affect our business, or if our estimates or assumptions turn out to be inaccurate. As a result, there is no assurance that the circumstances described in any forward-looking statement will materialize. Significant and reasonably foreseeable factors that could cause our results to differ materially from our current expectations are discussed in the section entitled "Risk Factors" contained in our Annual Information Form dated January 31, 2006 filed by CanWest Global Communications Corp with the Canadian securities commissions (available on the Company's website at www.canwestglobal.com and on SEDAR at www.sedar.com), as updated in our Management's Discussion and Analysis for the three months and six months ended February 28, 2006. We disclaim any intention or obligation to update any forward-looking statement even if new information becomes available, as a result of future events or for any other reason. CanWest Global Communications Corp. (www.canwestglobal.com), an international media company listed on the TSX (trading symbols: CGS and CGS.A) and NYSE (trading symbol: CWG), is Canada's largest media company. CanWest is Canada's largest publisher of daily newspapers, and owns, operates and/or holds substantial interests in free-to-air and subscription-based television networks, out-of-home advertising, web sites, and radio stations and networks in Canada, New Zealand, Australia, Singapore, Malaysia, Indonesia, Turkey, Ireland and the United Kingdom. For further information contact: Geoffrey Elliot Vice President, Corporate Affairs Tel: (204) 956-2025 Fax: (204) 947-9841 -----END PRIVACY-ENHANCED MESSAGE-----