AMC Networks 2nd-quarter revenue rises 37 percent
(Reuters) - 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 (34.85 million pounds), 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.
(Reporting by Lehar Maan and Soham Chatterjee in Bangalore; Editing by Saumyadeb Chakrabarty)
