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Broadcasting Cable reports that AMC Networks reported higher profits in the third quarter.
The news comes as losses of AMC’s international divisions fell.
Net income for the third-quarter rose 28% to $111 million, or $1.93 per share, from $87 million, or $1.35 per share a year ago.
Revenues rose 7.5% to $697 million.
Distribution revenue rose 5% to $361 million.
Advertising revenues rose 0.9% to $200 million as higher pricing offset lower audience delivery.
https://www.broadcastingcable.com/news/amc-networks-reports-higher-3d-quarter-net
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