Bloomberg Business Week
06 May 2016
Cable networks benefit from higher ad rates, subscriber fees
Scripps Networks Interactive Inc., AMC Networks Inc. and Discovery Communications Inc. surpassed Wall Street earnings estimates in the first quarter, boosting investor confidence in the TV industry’s ability to adapt to sweeping changes facing the business.

Shares of all three rose Thursday, clawing back some of the losses from last year and early 2016, when companies led by Walt Disney Co. began warning of slower profit growth because their pay-TV networks were losing subscribers to online services and the industry’s cheaper skinny bundles. AMC Networks and Scripps Networks rose as much as 7.6 percent, while Discovery advanced 6.5 percent, their best gains in months.

Read the full story in Bloomberg Business Week
<< Back