AMC Networks joined the ranks of media companies showing that TV advertising has mounted a significant recovery from the devastation of Covid-19 a year ago.The company reported total revenue of $771.4 million in the second quarter ended June 30, up 19% from the same period of 2020.
Adjusted, diluted earnings per share came in at $3.45, up 44%. Both the top and bottom line easily beat Wall Street forecasts.As the company previously disclosed, it entered into a settlement agreement with producer-director Frank Darabont and CAA over profits from The Walking Dead.
An impairment charge of $143 million hit the quarterly results. The total settlement was $200 million in cash and was reached followed a years-long legal showdown.While international
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