10:16 AM EST - CanWest Global Communications Corp. : has reported a nine per cent rise in quarterly revenue to $702 million but a net loss of $34 million, hit by long-term liabilities, foreign currency items and restructuring costs. The loss in CanWest's second quarter ended Feb. 29 was worth 19 cents per share, compared with net income of $7 million or four cents per share in the year-ago period, when revenue was $644 million. Analysts surveyed by Thomson Financial were on average expecting a loss of seven cents per share on revenue of $718 million. CanWest Global Communications Corp.
shares T.CGS are trading off 12 cents at $4.63.
