AMC Networks Joins Other Media Companies Feeling Advertising Pain In Q3

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AMC Networks followed the discouraging pattern of media and tech companies reporting advertising downturns in the third quarter. The parent company of cable networks like AMC and IFC and streaming …

followed the discouraging pattern of media and tech companies reporting advertising downturns in the third quarter.

The revenue line was below Wall Street analyst’s consensus forecasts, but the profit figure came in ahead of expectations.Advertising fell 10% year-over-year to $180 million due to lower linear ratings, softer scatter and direct response markets and fewer original hours in the third quarter, the company said.

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