AMC Networks expects $350 million to $475 million in restructuring charges related to layoffs, other cost cuts
AMC Networks Inc. disclosed in a Thursday afternoon filing with the Securities and Exchange Commission that it expects to incur $350 million to $475 million in charges, before taxes, related to its restructuring plan. The company confirmed earlier in the week that it planned to lay off about 20% of its staff amid business pressures. In Thursday's filing, it said the restructuring plan was "designed to achieve significant cost reductions, in light of 'cord cutting' and the related impacts being... Читать дальше...