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AMC Networks Q3 Net Income Declines Despite Rise In Revenues - Quick Facts

AMC Networks Inc. (AMCX) Thursday released the financial results for the third quarter ended 30 September 2012, reporting that net income in the third quarter was $36.64 million, or $0.51 per diluted share slightly lower than net income of $40.00 million, or $0.55 per diluted share, reported for the corresponding quarter last year.

On average, 12 analysts polled by Thomson Reuters expected earnings of $0.37 per share for the quarter. Analysts' estimates typically exclude special items.

Net revenues for the third quarter increased to $332.05 million from $283.91 million in the corresponding quarter last year. . Analysts expected revenues of $288.46 million for the quarter.

President and Chief Executive Officer Josh Sapan said: "We've enjoyed a long relationship with DISH Network and are delighted to partner with them again in bringing our channels and programming to their subscribers. While the litigation and associated carriage dispute impacted our third quarter financials, that issue is behind us and we are fully focused on continuing our strategy of investing in quality original programming. We continue to see very healthy demand for our popular programming from advertisers and viewers alike......"

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