AMC Networks Sees Q3 Profit Rise on Increases in Program Production

AMC Networks said an surge in the production of new programming helped boost its operations in the third quarter, resulting in a boost to profit as the company works to place its content in an array of new venues to court the rise of consumers interesting in streaming. The New York owner of the AMC, IFC and SundanceTV cable networks and distributor of the “Walking Dead” series, said net income rose to $110.6 million, or $2.60 a share, compared with $61.6 million, or $1.18 a share, in the year-earlier period. Revenue, meanwhile, surged 24% to nearly $810.8 million, compared with… Read Full Article