AMC Networks Takes $269 Million Balance-Sheet Hit for Drop in U.S. Cable Channel Values as Streaming Subscribers Cross 12 Million

AMC Networks reported its fourth-quarter 2024 earnings Friday, revealing a $268.7 million devaluation of the media company’s U.S. cable channel business, which consists of AMC, BBC America, IFC, SundanceTV, WE tv and IFC Films. At the same time, the company says AMC Networks’ U.S. streaming revenue increased 8% between October and December. The company’s total […]