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AMC Networks Swings to Q4 Profit As International Losses Narrow

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variety.com

Brian Steinberg Senior TV EditorAMC Networks said it swung to a profit in the fourth quarter despite a decline in revenue as it narrowed losses in its international and other operations due to an increase in revenue from streaming-video subscriptions.The owner of the AMC, Sundance and IFC cable networks said net income came to $2.09 cents a share, or $94.7 million, compared with a loss of 15 cents a share, or $8.58 million in the year-earlier period.

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