Q1 sales at AMC Networks, formerly the Rainbow Media division...
Q1 sales at AMC Networks, formerly the Rainbow Media division of Cablevision, gained 20 percent from a year earlier to $326 million, the company said Thursday. Much of the increase was due to a 30 percent gain in ad sales…
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at its pay-TV networks. Affiliate revenue for its networks increased 15 percent, mainly on higher rates, AMC said. The company’s profit increased 44 percent to $43.2 million. The company said it believes that Dish Network’s plan to stop carrying its networks later this year (CD May 8 p4) “is directly related to the ongoing litigation between DISH Network and VOOM HD.” AMC said the financial affect of that move on AMC will “depend on several factors, including the length of time our networks are not carried on DISH Network’s platform, and may be material to our financial results."