AMC Networks says that it expects to have restructuring charges of between $350 million and $475 million, “in light of ‘cord cutting’ and the related impacts being felt across the media industry as well as the broader economic outlook.”Those charges include the company-wide layoffs announced earlier this week, as well as hundreds of millions of dollars in write-downs related to TV programming.
Source: AMC Networks to Take Restructuring Charges for Layoffs, Programming – The Hollywood Reporter