Exhibit 1
                   [CanWest Global Communications Corp. LOGO]

                                  NEWS RELEASE

For Immediate Release
June 23, 2004

         CANWEST'S NETWORK TEN REPORTS RECORD THIRD QUARTER PERFORMANCE
              CanWest to receive A$5.9 million dividend on June 30,
                         A$39.2 million in December 2004

Winnipeg - CanWest Global Communications Corp. announced today that its
Australian media operation, The Ten Group Pty Limited (Network TEN), had
completed another record quarter for the three-month period ended May 31, 2004.
TEN's quarterly consolidated earnings before interest, taxes, depreciation and
amortization (EBITDA) rose to A$59.2 million compared to A$42.5 million for the
corresponding quarter last year, a gain of 39%. The EBITDA increase was driven
in large part by outstanding performance of TEN's television operations. The
consolidated EBITDA performance was built on consolidated revenue increases of
12% to A$208.3 million for the quarter compared to A$186.5 million the previous
year.

Based on these excellent results, TEN announced a June dividend, which as a
consequence will see CanWest receive an aggregate dividend payment of A$5.9
million on or about June 30. This dividend creates obligations for TEN to pay
interest on its outstanding subordinated debentures, all of which are held by
CanWest, of approximately A$39.2 million. The interest payment is scheduled for
December 2004.

Including the A$5.9 million dividend CanWest will have received A$109.4 million
in dividends and interest from its Australian operations in fiscal 2004.

TEN's Executive Chairman, Nick Falloon said TEN's outstanding financial
performance is a direct result of its television operations' ability to maintain
strong ratings, increase revenue share and keep costs down. "Our ratings
position across all key demographics has been solid. Once again, we are number
one among our target audience of 16-39 year-olds and for the first time we will
finish second in the 25-54 year-old demographic," said Falloon. "Add to that our
ability to contain costs and we have the makings of another record year."

The Executive Chairman added that the Q3 results indicated TEN's wholly owned
out-of-home advertising company EYE Corp had made further progress on both the
revenue and costs fronts.

CanWest President and Chief Executive Officer Leonard Asper said that the
continued strong performance of the Company's Australian operations underscores
CanWest's successful mix of assets. "The robust ad market in Australia shows no
signs of letting up in the short term, and TEN is well positioned to take
advantage of the increased spending with its mix of international and domestic
television programs and its creative sales and marketing approach," said Asper.

Falloon pointed out that while TEN fully expects results from the fourth quarter
to cap off another record year, there will be challenges ahead, particularly in
August during the Olympics, which have skewed Australian television advertising
spending in the past.

This news release contains comments or forward-looking statements that are based
largely upon the Company's current expectations and are subject to certain
risks, trends and uncertainties. These factors could cause actual future
performance to vary materially from current expectations. The Company may not
update or revise any forward-looking statements or comments, whether as a result
of new information, future events or otherwise.

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

For more information, please contact:

Geoffrey Elliot                             or          John Maguire
Vice President, Corporate Affairs                       Chief Financial Officer
Tel:   (204) 956-2025                                   Tel:  (204) 956-2025
Fax:  (204) 947-9841                                    Fax:  (204) 947-9841
gelliot@canwest.com                                     jmaguire@canwest.com



                                                                               2