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Driven by a significant uptick in ad sales dollars, AMC Networks today reported a 53 percent jump in fourth-quarter profits.
The New York-based cable network group, which houses AMC, IFC, the Sundance Channel and WE tv, posted Q4 net income of $29.5 million, or 40 cents a share, compared to $19.3 million, or 28 cents a share, during the same period last year.
Ad sales revenue improved 15 percent, thanks in large part to higher rates and sell-out at AMC.
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