Cable TV network AMC Networks Inc reported a 37 percent rise in quarterly revenue as its international business got a boost from its purchase of Chellomedia, the owner of TV channels such as Buzz, Canal A, Cosmopolitan. Net income from continuing operations fell to $58.7 million, or 83 cents per share, in the second quarter ended June 30, from $135.7 million, or $1.87 cents per share, a year earlier.Revenue rose to $522.1 million from $379.3 million a year earlier. International and other revenue rose more than eight times to $124.6 million.AMC completed its $1.04 billion acquisition of Chellomedia, an international media company owned by John Malone's Liberty Global Plc, in January.
AMC Networks Inc. (AMC Networks) is a holding company and conducts substantially all of its operations through its subsidiaries. Shares of AMCX remained unchanged at $59.57. In the past year, the shares have traded as low as $53.99 and as high as $78.39. On average, 1049690 shares of AMCX exchange hands on a given day and today's volume is recorded at 0.
Shares of LBTYA remained unchanged at $42.26. In the past year, the shares have traded as low as $37.81 and as high as $46.46. On average, 3496820 shares of LBTYA exchange hands on a given day and today's volume is recorded at 0.
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