virus pandemic

AMC Networks Withdraws Earnings Guidance Over Pandemic Impact

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AMC Networks is the latest entertainment company to withdraw its earnings guidance due to the coronavirus pandemic. In a filing with the Securities and Exchange Commission on Friday, the company outlined the challenges it has faced related to the pandemic. “To date, we have experienced adverse advertising sales impacts and suspended content production, which has led to delays in the creation and availability of some of our television programming,” the company wrote. “At this time, we cannot predict the duration of and degree to which supply and demand for our products and services, including advertising, will be affected.

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