AMC Networks Q2 up 37%
August 8, 2014
US 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.
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