AMC Networks to Acquire Chellomedia From Liberty Global

AMC Networks to Acquire Chellomedia From Liberty Global

Acquisition Creates Vast Global Platform for AMC Networks' Distribution of Its
Popular Original Programming

NEW YORK, Oct. 28, 2013 (GLOBE NEWSWIRE) -- AMC Networks Inc. (Nasdaq:AMCX)
announced today it has reached a definitive agreement to acquire substantially
all of Chellomedia, the international content division of Liberty Global
(Nasdaq:LBTYA) for €750 million (approximately $1.035 billion USD). The
transaction is expected to close in the first quarter of 2014.

The acquisition provides AMC Networks with an extensive array of television
channels that are distributed to more than 390 million households in 138
countries. The channels span a range of genres, including movie and
entertainment networks, providing significant long-range opportunities for AMC
Networks to distribute its popular original programming from AMC, IFC,
Sundance Channel and WE tv across an expansive global footprint. The
acquisition builds on the company's existing international programming
business, AMC/Sundance Channel Global, which has experienced impressive growth
over the past five years and will continue to deliver AMC Networks' content to
its global distribution partners.

"Chellomedia has developed a remarkable portfolio of popular channels that
reach hundreds of millions around the world. As AMC Networks has expanded
internationally, we have had a great desire to do something we consider
fundamentally strategic, which is to take our content and put it on channels
we own. This acquisition allows us to secure a large, global platform on which
to distribute our increasingly successful original programming through a
collection of strong, well-established and well-managed assets worldwide,"
said Josh Sapan, President and CEO of AMC Networks. "Together, we can grow
these assets and make them even more popular and valuable around the world."

Chellomedia President Niall Curran said, "AMC Networks are content
professionals with an excellent creative and business track record. They are
highly enthusiastic about the business we have built at Chellomedia and are
ambitious to develop it further, making AMC Networks a great owner and partner
for Chello's next phase of growth."

The agreement includes the acquisition of Chellomedia's operating businesses
including: Chello Central Europe, Chello Latin America, Chello Multicanal,
Chello Zone, the ad sales unit Atmedia and the broadcast solutions unit Chello

Chellomedia's portfolio of channels includes:

Genre         Channels^**
Movies        Canal Hollywood^*, CBS^*, Cinematk, Europa Europa, Film Café,
              Film Mania, MGM^*, Somos, XTRM
Entertainment Buzz, Canal A, CBS^*, Film&Arts, Horror Channel, MOV, Sol Musica
Sports        America Sports, Extreme Sports, Sport1^*
Children's    BIGGS, Jim Jam^*, Megamax, Minimax, Panda^*
Lifestyle     Canal Cocina, Casa, Cosmopolitan, Decasa, El Gourmet, Ella,
              Outdoor, Spektrum Home, TV Paprika
Documentary   Bio, Crimen & Investigacion, Historia, Natura, Odisea
              Odisseia^*, Reality TV, Spektrum

**Excludes channels held through associate investments; *Reflects multiple

Guggenheim Securities, LLC served as lead financial advisor to AMC Networks as
well as providing capital structure and financing advice. BofA Merrill Lynch
has provided a commitment for debt financing for the transaction and also
served as financial advisor to AMC Networks. Legal advisors were Clifford

Conference Call Information

AMC Networks will host a conference call today at 8:30 a.m. ET to discuss the
transaction. The conference call will be webcast live via the company's
website at under the heading "Investors". Those parties
interested in participating via telephone please dial 877-347-9170, or outside
of the U.S. dial 706-902-4266, with the conference ID number 93161884
approximately 10 minutes prior to the call.

For those who are unable to participate on the conference call, you may access
a recording of the call by dialing 855-859-2056, with conference ID number
93161884. The call replay will be available from 11:30 a.m. ET on Monday,
October 28, 2013 until 11:59 p.m. ET on Monday, November 4, 2013.

Internet replays will also be available on the AMC Networks website beginning
approximately two hours after the call ends.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, including statements
regarding our ability to consummate the transaction announced herein, the
expected closing date for the transaction, the impact of the transaction on
our operations and financial performance and other information and statements
that are not historical facts. These forward-looking statements involve
certain risks and uncertainties that could cause actual results to differ
materially from those expressed or implied by these statements and speak only
as of the date of this release. The Company expressly disclaims any obligation
or undertaking to disseminate any updates or revisions to any forward looking
statement contained herein to reflect any change in the Company's expectations
with regard thereto or any change in events, conditions or circumstances on
which any such statement is based.

About AMC Networks Inc.

Dedicated to producing quality programming and movie content for more than 30
years, AMC Networks Inc. (Nasdaq:AMCX) owns and operates several of the most
popular and award-winning brands in cable television. AMC, IFC, Sundance
Channel, WE tv, and IFC Films produce and deliver distinctive, compelling and
culturally relevant content that engages audiences across multiple platforms.
The company also operates AMC/Sundance Channel Global, an international
programming business, and AMC Networks Broadcasting & Technology, a
full-service network programming origination and distribution company.

CONTACT: AMC Networks:
         Investor Relations
         Seth Zaslow
         Corporate Communications
         Ellen Kroner
         Jim Maiella
Press spacebar to pause and continue. Press esc to stop.