AMC Networks is the latest company to warn that its financial outlook has become impossible to predict with the coronavirus pandemic and resulting economic turmoil.
The cable programmer and media company in an SEC filing Friday said it was pulling guidance for the first quarter of full year of 2020, and that it is “not providing an updated fiscal outlook at this time.” “The impact of the novel coronavirus (‘COVID-19’) and measures to prevent its spread are affecting our businesses in a number of ways,” AMC Networks said. “To date, we have experienced adverse advertising sales impacts and suspended content production, which has led to delays in the creation and availability of some of our television programming.” The company added, “At this
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