amc networks inc-a (AMCX) Key Developments
AMC Networks, Inc. Promotes Michael Cagnazzi as Senior Vice President of Digital Product Development
Apr 13 15
AMC Networks Inc. has promoted Michael Cagnazzi as senior vice president of digital product development. He formerly served as vice president. Based in New York, Cagnazzi will continue to report to Steve Pontillo, AMC Networks executive vice president and chief technology officer. In his new role, Cagnazzi will lead the strategy and management of AMC Networks' suite of digital properties and oversee the use and deployment of technologies to assist in the planning, decision-making and overall operations of the company. He will also develop and implement emerging technologies, working with senior management to implement solutions to further expand the company's business initiatives.
AMC Networks Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
Feb 26 15
AMC Networks Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, net revenues increased 40.0%, or $174 million, to $609.4 million over $435.2 million for the fourth quarter of 2013, led by 19.7% growth at national networks and an increase of $92 million at international and other. Operating income was $159.0 million against $85 million last year. Income from continuing operations before income taxes was $122.1 million against $58.5 million last year. Income from continuing operations was $81.6 million or $1.06 per diluted share against $35 million or $0.49 per basic and diluted share last year. Net income attributable to stockholders was $77.6 million or $1.06 per diluted share against $35.4 million or $0.49 per basic and diluted share last year. Adjusted earnings per diluted share were $1.15 against $0.51 last year. Adjusted operating cash flow (aocf) totaled $193.6 million, an increase of 96.9%, versus $98.3 million last year.
For the year, net revenues were $2,175.6 million against $1,591.9 million last year. Operating income was $546.4 million against $582.2 million last year. Income from continuing operations before income taxes was $397.0 million against $469.0 million last year. Income from continuing operations was $267.9 million or $3.63 per diluted share against $290.2 million or $4.00 per diluted share last year. Net income attributable to stockholders was $260.8 million or $3.58 per diluted share against $290.7 million or $4.00 per diluted share last year. Net debt was $2,618.6 million. Net cash provided by operating activities was $375.8 million against net cash used in operating activities of $49.5 million last year. Capital expenditures were $39.7 million against $24.3 million last year. Adjusted earnings per diluted share were $3.91 against $4.27 last year. Net revenues increased 36.7%, or $584 million, reflecting 13.5% growth at national networks and an increase of $378 million at international and other. Adjusted operating cash flow totaled $659.5 million, against $524.2 million last year.
AMC Networks Inc. Presents at 7th Annual Spring Consumer Conference, Mar-24-2015 04:50 PM
Feb 25 15
AMC Networks Inc. Presents at 7th Annual Spring Consumer Conference, Mar-24-2015 04:50 PM. Venue: The InterContinental Hotel New York Times Square, 300 West 44th Street at Eight Avenue, New York, New York, United States.
Sling TV Adds AMC Networks to Programming Portfolio
Feb 9 15
Sling TV and AMC Networks announced a comprehensive agreement that includes over-the-top (OTT) multi-stream rights for live and Video-On-Demand entertainment and news content from AMC Networks portfolio including AMC, BBC AMERICA, BBC World News, IFC, SundanceTV and WE tv. AMC will be included in the Live TV's core package for $20 per month. Sling TV will announce the launch date as well as additional information regarding package availability of the AMC Networks channels in the coming weeks.
AMC Networks Inc. Appoints Gregg Seibert as Vice Chairman
Feb 6 15
AMC Networks Inc. announced that Gregg Seibert has been named Vice Chairman. In this newly created role, Mr. Seibert will work with AMC Networks' senior management team to provide strategic and financial advice on corporate strategy and business initiatives, including financing and other strategic transactions that further position the company for success.