AMC Networks Record 15% Decline in National TV Ad Revenues

AMC Networks posted 15% in declining advertising revenues for its second quarter,

But don’t read too much into this, says Todd Juenger, media analyst at Bernstein Research.

“We expect this will give a boost to AMCX stock and its peers,” he writes. “If that happens, we think it’s misplaced. We don’t believe the second-quarter result gives any meaningful information about expected future performance.”

Read the full article by clicking the button below: