Exhibit 1

For Immediate Release

December 7, 2006

CanWest Files Annual Financial Statements

WINNIPEG: CanWest Global Communications Corp. has filed its Annual Report to Shareholders and Form 40-F with the Securities and Exchange Commission. Both of these documents are available online at CanWest Global Communications Corp.’s website at www.canwestglobal.com and the Form 40-F is also available online at www.sec.gov.

As well anyone who wishes to receive a hard copy of the Company’s complete audited financial statements, free of charge, may contact CanWest at 204-956-2025 or through email to rhooper@canwest.com.

CanWest Global Communications Corp. (www.canwestglobal.com), (TSX: CGS and CGS.A, NYSE: CWG) an international media company, is Canada’s largest media company. CanWest is Canada’s largest publisher of daily newspapers and also owns, operates and/or holds substantial interests in conventional television, out-of-home advertising, specialty cable channels, web sites and radio stations and networks in Canada, New Zealand, Australia, Turkey, Singapore, Indonesia, Malaysia, the United Kingdom and the United States.

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For further information contact:

Geoffrey Elliot

Vice President, Corporate Affairs

Tel: (204) 956-2025

Fax: (204) 947-9841

gelliot@canwest.com