Brian Steinberg Senior TV EditorAMC Networks said first quarter profit rose even as it navigated declines in revenue and operating income in the midst of a challenging environment.The New York owner of the AMC, IFC and Sundance cable networks said net income came to $87 million, or $2.02 per share, compared with $68.7 million, or $1.22 per share in the year-earlier period.
Earnings came to $2.98 per share when debt and impairment charges are taken into consideration.Revenue fell 5.8% to $691.7 million, compared with $734.4 million in the year-earlier quarter.Like many other media companies, AMC Networks placed emphasis on its efforts to lure consumers who are migrating to streaming video.
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