AMC Networks Posts Q2 Revenue Increases
AMC Networks -- even with
some carriage issues -- still posted double-digit increases in both advertising and affiliate revenue for the second
quarter. But more channel troubles could be coming.
Advertising revenue for the network group -- which consists of AMC, WE tv, and others -- grew 13.4% to $130 million.
Affiliate revenue was 15.2% higher to $176 million.
AMC did take note of its ongoing issues with Dish
Network -- the second-largest satellite TV provider, with 14 million subscribers. Since May, Dish Network has stopped TV channel carriage of its AMC, WE tv and IFC
networks.
The company says of the ongoing riff: "The termination of Dish Network’s carriage will have a material impact on our revenues, AOCF [adjusted operating
cash flow] and operating income in future periods... Although Dish Network’s termination has reduced the company’s total subscribers by approximately 13%, the impact on our AOCF and
operating income, if it continues, will be materially higher."
Overall, its U.S. domestic networks had a 14.4% gain in revenue to $305 million, with operating income 21.6%
higher to $111 million. Looking at all revenue -- international and digital, for example -- there was 12% gain to $328 million. Net income climbed 47% to $84 million.
Recent MediaDailyNews Articles
-
Original 'Voice' Judges Return May 17, 5:41 p.m.
The original quartet of coaches for “The Voice” will return for the fifth season this fall. ... -
Van Wagner Partners With CineSport For Online Video May 17, 5:34 p.m.
Van Wagner Communications’ Sports and Entertainment division is joining forces with CineSport, partly owned by Van ... -
'Idol' Falls, 'Bang' Leads Thursdays May 17, 3:38 p.m.
TV broadcast networks environment is definitely shifting -- as evidence of last major night of the ... -
Sapient Revs Up 12%, Optimistic About 2013 May 17, 2:47 p.m.
Marketing services company Sapient reported first-quarter revenues of $292.6 million, up 12% from the same period ... -
KSE Finalizes Outdoor Channel Buy May 17, 11:08 a.m.
An entity controlled by sports entrepreneur Stan Kroenke has finalized its acquisition of the Outdoor Channel ... -
'Tonight' Still King Of Late-Night TV May 17, 10:49 a.m.
While NBC proceeds to sets up its late-night changes for next year, "The Tonight Show with ... -
U.S. Open Going Cable-Only, Moves To ESPN May 17, 9:18 a.m.
After decades on the network that saw stars from Ashe to Navratilova to Federer win, the ... -
USA Looks To Make Comedy King In The New Season May 16, 10:22 p.m.
What do you do when you’re the last network putting on the last event of the ... -
Comedy Central Goes Dark To Simulcast New Radio Channel May 16, 6:12 p.m.
For the first time since its tribute to Johnny Carson 20 years ago, Comedy Central will ... -
MGM Doubles Revs, 'Hobbit' Helps May 16, 5:56 p.m.
A big positive swing for MGM Holdings was seen in its first-quarter earning results, thanks to ...
Be the first to comment on "AMC Networks Posts Q2 Revenue Increases"
Leave a Comment