[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