AMC Networks Faces Stock Punishment and Subscriber Slump
AMC Networks' stock dropped sharply after a shaky Q4 earnings report, revealing a 23% drop in domestic ad revenue and a 16% decline in affiliate revenue. CEO Kristin Dolan downplayed M&A scenarios, emphasizing the company's focus on efficiency and high-quality content creation while waiting for the industry to stabilize. Despite challenges to its traditional business model, Dolan expressed optimism and highlighted the company's positive relationships with distributors.