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Despite Q2 Results Showing Linear TV Struggles, AMC Networks CFO Says Company Is “Very Different” From Rivals Spinning Off Cable Assets
Deadline· 2025-08-08 14:26
AMC Networks‘ second-quarter results Friday illustrated the ongoing challenge of running cable networks, but don’t expect the company to join rivals looking to sell or spin off the assets. CFO Patrick McConnell told Wall Street analysts on an earnings call that new operations like Versant, which is separating from Comcast, and Warner Bros. Discovery’s pending spinoff “are cable businesses at their core.” AMC Networks, he said, is “very different” from those rivals, in part because streaming will comprise t ...