AMC Networks Q2 up 37%

amcUS cable TV network AMC Networks has reported a 37 per cent rise in quarterly revenue as its international business got a boost from its purchase of Chellomedia.

Net income from continuing operations fell to $58.7 million (€43.8m) in the second quarter ended June 30th, from $135.7 million a year earlier.

Revenue rose to $522.1 million from $379.3 million a year earlier. International and other revenue rose more than eight times to $124.6 million.

AMC completed its $1.04 billion acquisition of Chellomedia, an international media company owned by John Malone’s Liberty Global, in January.

You must be logged in to post a comment Login