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AMCX / AMC Networks expects $350 million to $475 million in restructuring charges related to layoffs, other cost cuts

AMC Networks expects $350 million to $475 million in restructuring charges related to layoffs, other cost cuts
AMC Networks Inc. AMCX, -0.60% disclosed in a Thursday afternoon filing with the Securities and Exchange Commission that it expects to incur $350 million to $475 million in charges, before taxes, related to its restructuring plan. The company confirmed earlier in the week that it planned to lay off about 20% of its staff amid business pressures. Read More
Posted: Dec 1 2022, 17:05
Author Name: Market Watch
Views: 111995

AMCX News  

AMC Networks adds 100,000 streaming subscribers in 3Q as earnings top estimates

By Proactive Investors
November 3, 2023

AMC Networks adds 100,000 streaming subscribers in 3Q as earnings top estimates

AMC Networks (NASDAQ:AMCX) reported strong subscriber growth for its streaming offering AMC+ after two quarters of declines and an earnings beat for t more_horizontal

AMC Networks Q3 Results Hit By Drops In Advertising And Affiliate Revenue

By Deadline
November 3, 2023

AMC Networks Q3 Results Hit By Drops In Advertising And Affiliate Revenue

AMC Networks reported double-digit declines in advertising and affiliate revenue in the third quarter, which dragged down its overall results. The cab more_horizontal

AMC Networks (AMCX) Upgraded to Buy: Here's What You Should Know

By Zacks Investment Research
October 19, 2023

AMC Networks (AMCX) Upgraded to Buy: Here's What You Should Know

AMC Networks (AMCX) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive t more_horizontal

Why Mattel, AMC Networks, and B&G Foods Stocks Jumped Tuesday

By The Motley Fool
October 17, 2023

Why Mattel, AMC Networks, and B&G Foods Stocks Jumped Tuesday

Retail spending was up 0.7% month over month in September, and bar and restaurant sales jumped 2.3%. Consumer spending is on the rise ahead of the hol more_horizontal

7 Options Trades to Profit From a Falling Market

By InvestorPlace
October 16, 2023

7 Options Trades to Profit From a Falling Market

While bulletproof dividend stocks genuinely offer a higher probability of protection (over the long run) against an incoming market downcycle, investo more_horizontal

Will AMC Networks (AMCX) Beat Estimates Again in Its Next Earnings Report?

By Zacks Investment Research
October 16, 2023

Will AMC Networks (AMCX) Beat Estimates Again in Its Next Earnings Report?

AMC Networks (AMCX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely more_horizontal

AMC Networks Begins Rollout Of Cheaper, Ad-Supported Tier Of Flagship Streamer AMC+

By Deadline
September 28, 2023

AMC Networks Begins Rollout Of Cheaper, Ad-Supported Tier Of Flagship Streamer AMC+

Following through on plans first announced last spring, AMC Networks said this evening it has officially begun rolling out a cheaper, ad-supported tie more_horizontal

Why AMC Networks Stock Flopped on Monday

By The Motley Fool
September 18, 2023

Why AMC Networks Stock Flopped on Monday

Optimism is not in the air over the writers' and actors' strike currently keeping Hollywood at a standstill. Networks like AMC are being starved for f more_horizontal


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