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AMC Networks Q2 Earnings Miss Wall Street Forecasts As Linear TV Challenges Once Again Hit Media Results
AMC Networks became the latest media company to show the dire state of linear TV, posting second-quarter earnings below Wall Street forecasts.
Affiliate revenues decreased 12% to $172 million, primarily due to basic subscriber declines. “AMC Networks continues to find opportunities in a strategic plan built around programming, partnerships and profitability,” CEO Kristin Dolan said. “Key to our plan is the creation and curation of celebrated films and series, and making them available to audiences everywhere, including through an exciting new branded content licensing agreement with Netflix.
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