(Reuters) - TORONTO, July 12 - CanWest Global Communications
Corp. reported lower third-quarter earnings on
Thursday, even though revenue and operating profit surged as it
continued to clamp down on expenses and increased its newspaper
revenues.
CanWest, which owns Canada's Global TV network and
publishes a chain of daily newspapers, said it earned C$8.4
million , or 5 Canadian cents a share, in the three
months ended May 31. That was down from a profit of C$13.2
million, or 7 Canadian cents a share, in the same period a year
earlier.
Read more at Reuters.com Market News
Corp. reported lower third-quarter earnings on
Thursday, even though revenue and operating profit surged as it
continued to clamp down on expenses and increased its newspaper
revenues.
CanWest, which owns Canada's Global TV network and
publishes a chain of daily newspapers, said it earned C$8.4
million , or 5 Canadian cents a share, in the three
months ended May 31. That was down from a profit of C$13.2
million, or 7 Canadian cents a share, in the same period a year
earlier.
Read more at Reuters.com Market News
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