AMC Networks reported its fourth-quarter 2024 earnings Friday, revealing a $268.7 million devaluation of the media company’s U.S. cable channel business, which consists of AMC, BBC America, IFC, SundanceTV,

AMC Networks reported fourth-quarter revenue of $599 million, down 12 percent from the same period a year ago, and adjusted earnings per share of 64 cents down from 72 cents. Both numbers missed Wall Street earnings expectations.