Brian Steinberg Senior TV EditorAMC Networks said first quarter profit rose even as it navigated declines in revenue and operating income in the midst of a challenging environment.The New York owner of the AMC, IFC and Sundance cable networks said net income came to $87 million, or $2.02 per share, compared with $68.7 million, or $1.22 per share in the year-earlier period.
Earnings came to $2.98 per share when debt and impairment charges are taken into consideration.Revenue fell 5.8% to $691.7 million, compared with $734.4 million in the year-earlier quarter.Like many other media companies, AMC Networks placed emphasis on its efforts to lure consumers who are migrating to streaming video.
Read more on variety.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.