AMC Networks Statement on Sale of Class A Common Stock by Charles F. Dolan
NEW YORK--(BUSINESS WIRE)-- AMC Networks Inc. (AMCX) today offered the following statement on the sale of Class A Common Stock by Charles F. Dolan:
"The Company has been informed by Charles F. Dolan that on August 14, 2012, he sold 1,750,000 shares of Class A Common Stock for liquidity and tax planning purposes."
About AMC Networks Inc.
AMC Networks owns and operates several of cable televisions most recognized brands delivering high quality content to audiences and a valuable platform to distributors and advertisers. The Company manages its business through two reportable operating segments: (i) National Networks, which includes AMC, WE tv, IFC and Sundance Channel; and (ii) International and Other, which includes AMC/Sundance Channel Global, our international programming business; IFC Films, the Companys independent film distribution business; and AMC Networks Broadcasting & Technology, the Companys network technical services business. For more information on AMC Networks, please visit the Companys website at http://www.amcnetworks.com.
AMC Networks Inc.
Seth Zaslow, 646-273-3766
Georgia Juvelis, 917-542-6390
Source: AMC Networks Inc.Copyright Business Wire 2012