Ok, I'll try to help:
C5-6 disc space narrowing with broad based disc bulge & mild canal stenosis. This means the space between the vertebra is narrowing, probably due to degenerative disc disease (we all get it); plus you have a very wide based disc bulge plus mild spinal canal stenosis, which is narrowing of the spinal canal. Then there is mild foraminal stenosis. The foramen are the holes that the nerves pass thru to get to the spinal canal, and yours are getting narrow. The disc bulge narrows the diameter of the thecal sac. The thecal sac is a membrane of dura matter that surrounds the spinal cord & cauda equina. The thecal sac is filled with cerebral spinal fluid. There is effacement (wiping out) of the subarachnoid space and flattening of the spinal cord. There is bilateral hypertrophy (overgrowth of bone) with moderate foraminal narrowing. (see above)
C6-7 There is a mild disc bulge
C4-5 There is a diffuse disc bulge, more prominent than previous study.
C7-T1 Mild diffuse disc bulge.
T10-T11 Right perineural cyst - this is a cyst on or around nerves.
You need to take your MRI films and see a NEUROSURGEON -- NOT a Neurologist, but a Neurosurgeon. He will be able to advise you as to what to do. While this doesn't seem to be a "terrible" film, I'm concerned about the C5-6 level. That really needs to be looked at, especially due to the fact that it says the cord is being flattened.
So please get a referral to a Neurosurgeon as soon as you can, okay? I wish you the best, and PLEASE let us know how you come out. God bless and please take care. Hugs, Lee