AMC Networks Inc. Reports Full Year and Fourth Quarter 2012 Results
Full Year 2012 Highlights:
Net revenues increased 13.9% to $1.353 billion
Operating income increased 11.1% to $363 million
AOCF1 increased 5.4% to $465 million
NEW YORK, Feb. 26, 2013 (GLOBE NEWSWIRE) -- AMC Networks Inc. ("AMC Networks" or the "Company") (Nasdaq:AMCX) today reported financial results for the full year and fourth quarter ended December 31, 2012.
President and Chief Executive Officer Josh Sapan said: "2012 was a successful year for AMC Networks. Our continued strategy of investing in original programming while developing strong brands with consumers resulted in record ratings, most notably for AMC's ratings juggernaut 'The Walking Dead.' We resolved our legal dispute with DISH Network, completed new carriage agreements with a number of leading distributors, and expanded our relationships with key advertisers. All of which, contributed to strong financial results for the full year and gives us confidence that we are well-positioned for continued success in the year ahead."