-----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, HT3y+GNuSyO0iDTb+d3Uba5vGWIdidVcc7dIeQ3N7imnJ3MmcHWmHb9DM3y/lfDb BJgGh8KW7z8htW8foeW0zA== 0001193125-07-069925.txt : 20070330 0001193125-07-069925.hdr.sgml : 20070330 20070330113240 ACCESSION NUMBER: 0001193125-07-069925 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 6 CONFORMED PERIOD OF REPORT: 20070330 FILED AS OF DATE: 20070330 DATE AS OF CHANGE: 20070330 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: 07730500 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 d6k.htm FORM 6-K Form 6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


FORM 6K

 


REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 or 15d – 16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of March, 2007

Commission file Number: 001-14148

 


CANWEST GLOBAL COMMUNICATIONS CORP.

(Translation of registrant’s name into English)

 


3100 CANWEST GLOBAL PLACE

WINNIPEG, MANITOBA

CANADA R3B3L7

(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-            

 



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.  
     

/s/ John E. Maguire

 
    By:   JOHN E. MAGUIRE  
      Chief Financial Officer  
Date: March 30, 2007        


EXHIBIT INDEX

 

Exhibit
Number

  

Description

1

   CanWest Global Communications Corp. press release dated March 27, 2007.

2

   CanWest Global Communications Corp. press release dated March 28, 2007.
EX-1 2 dex1.htm PRESS RELEASE DATED MARCH 27, 2007 Press Release dated March 27, 2007

Exhibit 1

LOGO

CanWest’s Australia Operations Report 2007 Second Quarter Results

TEN reports growth in revenue and EBITDA for Q2 2007

WINNIPEG, March 27—CanWest Global Communications Corp. announced today that The Ten Group pty Limited (TEN), the company that owns CanWest’s Australian television and out-of-home advertising operations, reported second quarter revenue and EBITDA growth. TEN reported consolidated revenues of A$198.6 million and consolidated EBITDA of A$49.5 million in its second quarter. These results represent a 17% increase in revenues and a 14% increase in EBITDA over the second quarter of last year.

“With the momentum achieved in the second quarter of fiscal 2007, TEN’s outlook for the year remains strong for both its television and out-of-home operations,” commented Tom Strike, President of CanWest MediaWorks International.

Consolidated revenues of A$492.4 million and EBITDA of A$156.8 million were reported for the first six months of fiscal 2007, which ended on February 28, 2007. These results represent a 6% increase in revenues and an 8% decline in EBITDA as compared to the first half of F2006. TEN’s Australian television operation recorded revenues of A$402.9 million, a 1% increase over the same period last year, and EBITDA of A$142.4 million, a 9% decrease compared to the same period last year. Eye Corp. (EYE), TEN’s out-of-home advertising operation, recorded revenues of A$89.5 million, up 40% over the same period last year, and EBITDA of A$14.4 million, which decreased slightly compared to the same period last year.

TEN’s Australian television operation recorded revenues and EBITDA of A$151.1 million and A$41.5 million in the quarter. TEN achieved a metropolitan television advertising market share of 30.3% in the six months ended December 31, 2006.

“TEN has capitalised on its record 2006 audience ratings and a strengthening advertising market for this improved television result,” commented TEN’s Executive Chairman, Nick Falloon. “TEN secured both rate and volume increases in annual renewal negotiations with its major advertisers and will strive to maintain its 30% ad revenue share in calendar 2007.”

“With all of TEN’s 2006 hits returning, plus a strengthening international program line-up, TEN is confident in its competitive position,” added Mr. Falloon. “We’re also excited about the opportunities that TEN is creating for viewers and advertisers through its new digital media business.”

EYE recorded revenues and EBITDA of A$47.5 million and A$8.0 million, respectively, in the quarter.

“While EYE’s revenue rose 40% in the half, earnings were impacted, as expected, by investment in our new USA shopping mall and European airport operations, which are already demonstrating their potential,” said Mr. Falloon. He added that EYE had booked an A$8.9 million non-recurring gain on the sale of its Malaysian investment in Big Tree Outdoor, which was partly offset by start-up losses in the US and UK of A$6.5 million and an A$1.6 million non-cash expense arising from the straight-lining of newly-contracted lease arrangements.

During the second quarter, TEN paid an interim dividend which resulted in CanWest receiving dividends and interest on its subordinated debentures in the aggregate amount of A$47.8 million or 43.1 million Canadian dollars. Ten expects to declare its second dividend in June 2007, which will be payable in July 2007.


These results are recorded in accordance with Australian 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, and 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 on 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 for the year ended August 31, 2006 dated November 29, 2006 filed by CanWest Global Communications Corp. with the Canadian securities commissions (available on SEDAR at www.sedar.com) and with the U.S. Securities and Exchange Commission under Form 40-F (available on EDGAR at www.sec.gov). 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), (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, the United Kingdom and the United States.

- 30 -

For further information:

Deb Hutton

Senior Vice President, Corporate Communications

CanWest Global Communications Corp.

(416) 383-2442

dhutton@canwest.com

EX-2 3 dex2.htm PRESS RELEASE DATED MARCH 28, 2007 Press Release dated March 28, 2007

Exhibit 2

 

LOGO    LOGO

For immediate release

ALLIANCE ATLANTIS AND CANWEST GLOBAL COMMUNICATIONS CORP.

UPDATE TIMING FOR COMPLETION OF ARRANGEMENT

TORONTO (March 28, 2007) — Alliance Atlantis Communications Inc. (TSX: AAC.A, AAC.B) and CanWest Global Communications Corp. (TSX: CGS and CGS.A, NYSE: CWG) announced today that they expect that the completion of the Arrangement pursuant to which AA Acquisition Corp. (formerly 6681859 Canada Inc.) (“Acquireco”) would acquire all of the outstanding shares of Alliance Atlantis for $53.00 cash per share will occur in July 2007 or early August, 2007.

As previously announced on January 10, 2007, Alliance Atlantis entered into an Arrangement Agreement with Acquireco, a corporation wholly owned by CanWest MediaWorks Inc. (“CanWest”), providing for an Arrangement with Alliance Atlantis. A Special Meeting of shareholders of Alliance Atlantis has been called for April 5, 2007 at 10:00AM (EST) in Toronto, Ontario to consider a special resolution to approve the Arrangement pursuant to section 192 of the Canada Business Corporations Act. A Notice of Special Meeting and Management Proxy Circular (the “Circular”) dated March 5, 2007 were mailed to shareholders of Alliance Atlantis and are available on SEDAR at www.sedar.com under Alliance Atlantis’ profile.

CanWest and Alliance Atlantis had anticipated that the preparation and audit of certain of the financial information required by Acquireco in connection with debt financings being undertaken in connection with the Arrangement could be completed in time for a May closing. However, the exercise is taking longer than initially expected and the required information will not be available in time to permit completion of the Arrangement in May 2007. As a result, Alliance Atlantis will be required pursuant to the Arrangement Agreement to provide more current unaudited financial statements and other information in respect of the first fiscal quarters of 2007 and 2006 in connection with the Acquireco debt financings. This required financial information is expected to be available in late June thereby permitting a July or early August closing.

Given the parties’ expectation as to timing for completion of the Arrangement, Alliance Atlantis currently intends to seek relief from the requirement to hold its annual meeting of shareholders by end of June 2007 so as not to hold such meeting prior to the completion of the Arrangement.

Shareholders should carefully review the Circular which provides more detailed information regarding the Arrangement and how to vote their shares. Shareholders are encouraged to complete, sign, date and return the form of proxy accompanying the Circular so that their shares can be voted at the Special Meeting in accordance with their instructions.


About Alliance Atlantis Communications Inc.

Alliance Atlantis offers Canadians 13 well-branded specialty channels boasting targeted, high-quality programming. Alliance Atlantis also co-produces and distributes the hit CSI franchise and indirectly holds a 51% limited partnership interest in Motion Picture Distribution LP, a leading distributor of motion pictures in Canada, with motion picture distribution operations in the United Kingdom and Spain. Alliance Atlantis’ shares are listed on the Toronto Stock Exchange-trading symbols AAC.A and AAC.B. Alliance Atlantis’ website is www.allianceatlantis.com.

About CanWest Global Communications Corp.

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

Forward-Looking Statements

This press release includes forward-looking statements which reflect Alliance Atlantis’ current expectations. Forward-looking statements are those which are not historical fact and include in this news release statements relating to the expected availability of the required financial information and completion of the Arrangement. The reader should not place undue reliance on such forward-looking statements. They involve known and unknown risks, uncertainties and other factors that may cause them to differ materially from anticipated future results or expectations expressed or implied by such forward-looking statements. Other risks and factors are described in materials filed by Alliance Atlantis with the security regulatory authorities in Canada from time to time are available at www.sedar.com. Alliance Atlantis undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise.

This news release contains certain comments or forward-looking statements regarding CanWest that are based largely upon current expectations and are subject to certain risks, trends and uncertainties. These factors could cause actual future performance to vary materially from current expectations. CanWest disclaims 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.

For further information please contact:

 

Alliance Atlantis   Andrew Akman   tel. 416-966-7701   
CanWest Global   Deb Hutton   tel. 416-383-2442   

 

2

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-----END PRIVACY-ENHANCED MESSAGE-----