Friday, April 13, 2007

Strong TV results lift CanWest to 2nd-qtr profit

(Reuters) - TORONTO, April 13 - CanWest Global Communications Corp. , Canada's biggest media company, said on Friday it returned to a second-quarter profit, helped in part by growth in its television operations.

CanWest, which is in the midst of buying specialty TV group Alliance Atlantis Communications Inc. in partnership with an affiliate of Goldman Sachs & Co. , said it earned C$7 million, or 4 Canadian cents a share, for the period ended Feb. 28, compared with a loss of C$19.3 million, or 11 Canadian cents a share, in the year-before quarter.


Read more at Reuters.com Mergers News

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