AMC Networks said the coronavirus pandemic and a substantial impairment charge contributed to a significant decline in second quarter profit, the latest media company to show the signs of grappling with conditions that have scuttled TV production and slowed the flow of advertising.
The New York owner of the AMC, IFC and Sundance cable networks said net income fell to $15 million, or 28 cents a share, compared with $128.7 million, or $2.25 a share, in the year-earlier quarter period. Excluding one time items, including a $130 million impairment charge related to its international operations, adjusted earnings per share fell to $2.39 a share from $2.60 a share.
The New York owner of the AMC, IFC and Sundance cable networks said net income fell to $15 million, or 28 cents a share, compared with $128.7 million, or $2.25 a share, in the year-earlier quarter period. Excluding one time items, including a $130 million impairment charge related to its international operations, adjusted earnings per share fell to $2.39 a share from $2.60 a share.
- 8/4/2020
- by Brian Steinberg
- Variety - TV News
Similar News
How to Watch ‘Interview with the Vampire’ Season 2 Premiere Live on Apple TV, Fire TV, Roku & Mobile
- 5/12/2024
- by David Satin
- The Streamable
68 Ending or Cancelled TV Shows for the 2023-24 Season
- 5/12/2024
- by TVSeriesFinale.com
- TVSeriesFinale.com
219 Ended or Cancelled TV Shows for the 2022-23 Season
- 5/12/2024
- by TVSeriesFinale.com
- TVSeriesFinale.com
Official Trailer Revealed For ‘Orphan Black: Echoes’ Starring Krysten Ritter
- 5/10/2024
- by Kristyn Clarke
- Age of the Nerd
In Wake Of Big-Budget ‘Silo’, AMC Networks Entertainment And Studio Chief Dan McDermott Says Company Will Still Produce For Third Parties, But “It’s Not Our Primary Business”
- 5/10/2024
- by Dade Hayes
- Deadline Film + TV
AMC Networks Q1 Revenue Declines As Advertising And Distribution Woes Continue
- 5/10/2024
- by Dade Hayes
- Deadline Film + TV
In a Violent Nature: Buckle up as you follow along with the slasher in the new trailer
- 5/10/2024
- by EJ Tangonan
- JoBlo.com
Another Brutal Trailer for 'In a Violent Nature' Unique Slasher Horror
- 5/10/2024
- by Alex Billington
- firstshowing.net
AMC Networks’ U.S. Ad Sales Fall 13% as Paid Streaming Subscribers Reach 11.5 Million in Q1
- 5/10/2024
- by Jennifer Maas
- Variety Film + TV
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.