AMC Networks Loses $31 Million As A Result Of DISH Dispute

Despite ratings winner "The Walking Dead," AMC Networks' fourth quarter earnings fell 48 percent from the year prior.   

The cable network reported net income earnings of $15.2 million and overall revenue of $367 million.   

The number was slightly short of analysts' $370.1 million expectations.  

AMC Networks points to Q4 shortcomings due to money lost during its feud with DISH.  

From July until November 1, AMC Networks channels (AMC, IFC, Sundance Channel, and WE tv) weren't aired on DISH due to a lengthy carriage dispute.

As a result, the cable company predicts it lost approximately $31 million in affiliate fees.  

AMC Networks also saw a 16 percent increase in fourth quarter advertising spending to $157 million to push its original programs including "Mad Men" and "The Walking Dead."



More From Business Insider
  •  
    Recent Quotes
    Symbol Price Change % ChgChart 
    Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
    You need to enable your browser cookies to view your most recent quotes.
  • Recent Quotes News

    •  
      Sign-in to view quotes in your portfolios.

    Trading Center

    Yahoo! Finance on Facebook

    POLL

    Should Chinese companies be rebuilding America's infrastructure?

    Loading...
    Poll Choice Options