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Stock impact report

Long the home of scripted TV, AMC adds live TNA Wrestling show [Los Angeles Times (CA)]

AMC Networks Inc. - Class A (AMCX) 
Last amc networks inc. - class a earnings: 2/26 07:00 am Check Earnings Report
But parent company AMC Networks announced Tuesday it will carry a weekly TNA Wrestling program starting in January. “Thursday Night iMPACT!” will air live from from 9 to 11 p.m. Eastern starting Jan. 15. The telecast was previously carried on cable network AXS. The Nashville-based TNA, founded in 2002, is among the largest competitors to TKO Group Holdings's WWE, the market leader in the professional wrestling business. The multi-year media rights deal with a sports entertainment entity is the first of its kind for the New York based AMC, once at the vanguard of cable's original scripted programming boom in the early 2000s. Streaming video on demand has dramatically changed the landscape for AMC Networks, as the habit of making an appointment to watch a scripted drama series has eroded. Viewers can now watch those shows at their convenience, driving down ratings for traditional TV viewing. In its third quarter earnings report, AMC Networks saw a 17% year-to-year decline in ad Show less Read more
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