variety.com
04.08.2020 / 15:25
AMC Networks Sees Q2 Profit Tumble Amid Pandemic Conditions
Brian Steinberg Senior TV EditorAMC Networks said the coronavirus pandemic and a substantial impairment charge contributed to a significant decline in second quarter profit, the latest media company to show the signs of grappling with conditions that have scuttled TV production and slowed the flow of advertising.The New York owner of the AMC, IFC and Sundance cable networks said net income fell to $15 million, or 28 cents a share, compared with $128.7 million, or $2.25 a share, in the