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AMC Networks’ Profit Drops 35% Due to Challenging Ad Market and Decrease in Affiliate Business.

The Wrap
Story by Kayla Cobb
from The Wrap
Image from The Wrap
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AMC Networks' profits plunge 35% as ad woes and affiliate declines hammer the entertainment giant.
beat sheet
  • Streaming and content licensing provided a silver lining, but couldn't offset the overall market challenges.
  • CEO Josh Sapan cited a
call sheet
Josh Sapan, AMC Networks
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