8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 17, 2014

AMC Networks Inc.

(Exact name of registrant as specified in its charter)

Delaware	1-35106	27-5403694
(State or other jurisdiction of incorporation)	(Commission file number)	(I.R.S. Employer Identification No.)
11 Penn Plaza, New York, NY		10001
(Address of principal executive offices)		(Zip Code)

(212) 324-8500

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01     Other Events.

AMC Networks Inc. and collectively with its subsidiaries (the "Company") is furnishing this Current Report on Form 8-K (“Form 8-K”) to provide unaudited supplemental financial information for each of the quarters of 2013, and the years ended December 31, 2013 and 2012, to reflect the results of our operating segment reorganization that became effective in the first quarter of 2014.

The company classifies its operations into two operating segments: National Networks and International and Other. As previously announced, during the three months ended March 31, 2014, following the acquisition of Chellomedia on January 31, 2014, the manner in which the President and Chief Executive Officer, who is the chief operating decision maker, evaluates performance and makes decisions about how to allocate resources changed, resulting in the reorganization of the Company's operating segments. The National Networks operating segment now includes the results of AMC and Sundance Channel in Canada and AMC Networks Broadcasting & Technology, the Company's network technical services business, which primarily services the nationally distributed programming networks of the Company. Previously, the results of these operations were included in the International and Other operating segment.

The reorganization became effective, on a prospective basis, beginning in the first quarter of 2014. The information contained in this Form 8-K is being furnished to assist investors in understanding how the Company's operating segment results would have been presented in previously-filed reports had such results been reported on the basis of the Company's operating segments commencing in the first quarter of 2014. Only financial information affected by the operating segment reorganization is included in this Current Report on Form 8-K. The revised supplemental financial information does not represent a revision or restatement of previously-issued financial statements. A copy of the revised supplemental information is attached hereto as Exhibit 99.1.

The information furnished pursuant to this Item 8.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Registrant under the Securities Act of 1933 or the Exchange Act.

Item 9.01     Financial Statements and Exhibits.

(d) Exhibits. The following Exhibit is furnished as part of this Report on Form 8-K:

Exhibit Number	Item
99.1	Unaudited Supplemental Financial Information of AMC Networks Inc. and subsidiaries for each of the four quarters of 2013 and the years ended December 31, 2013 and 2012.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

			AMC Networks Inc.
Date:	June 17, 2014	By:	/s/ Sean S. Sullivan
			Sean S. Sullivan
			Executive Vice President and Chief Financial Officer

EX-99.1

Exhibit 99.1

Unaudited Supplemental Financial Information

The following tables summarize the unaudited supplemental financial information of AMC Networks Inc. and subsidiaries (the "Company") for each of the quarters of 2013, and the years ended December 31, 2013 and 2012, to reflect the results of its operating segment reorganization that became effective in the first quarter of 2014. All dollar amounts are in thousands.

Revenues, net:

				For the three months ended,
	2012			March 31, 2013			June 30, 2013			September 30, 2013			December 31, 2013			2013
National Networks	$	1,297,151		$	371,670		$	365,995		$	381,147		$	417,475		$	1,536,287
International and Other	57,612			10,422			13,389			14,183			17,893			55,887
Inter-segment eliminations	(2,186		)	(131		)	(62		)	(2		)	(121		)	(316		)
Total	$	1,352,577		$	381,961		$	379,322		$	395,328		$	435,247		$	1,591,858

Technical and operating expense (excluding depreciation and amortization):

				For the three months ended,
	2012			March 31, 2013			June 30, 2013			September 30, 2013			December 31, 2013			2013
National Networks	$	466,735		$	123,947		$	123,071		$	143,117		$	218,521		$	608,656
International and Other	46,748			13,824			15,720			14,989			13,249			57,782
Inter-segment eliminations	(6,047		)	(1,092		)	(1,135		)	(1,052		)	(926		)	(4,205		)
Total	$	507,436		$	136,679		$	137,656		$	157,054		$	230,844		$	662,233

Selling, general and administrative expense:

			For the three months ended,
	2012		March 31, 2013			June 30,  2013		September 30, 2013		December 31, 2013		2013
National Networks	$	341,404	$	86,913		$	96,680	$	92,106	$	92,943	$	368,642
International and Other	55,522		12,545			12,298		13,845		18,409		57,097
Inter-segment eliminations	—		(5		)	—		1		—		(4		)
Total	$	396,926	$	99,453		$	108,978	$	105,952	$	111,352	$	425,735

Share-based compensation expense:

			For the three months ended,
	2012		March 31, 2013		June 30, 2013		September 30, 2013		December 31, 2013		2013
National Networks	$	14,939	$	3,784	$	4,951	$	4,463	$	4,585	$	17,783
International and Other	2,263		553		653		645		665		2,516
Total	$	17,202	$	4,337	$	5,604	$	5,108	$	5,250	$	20,299

Depreciation and amortization:

			For the three months ended,
	2012		March 31, 2013		June 30, 2013		September 30, 2013		December 31, 2013		2013
National Networks	$	75,099	$	15,299	$	15,177	$	6,635	$	4,925	$	42,036
International and Other	10,281		3,046		3,131		3,300		3,154		12,631
Total	$	85,380	$	18,345	$	18,308	$	9,935	$	8,079	$	54,667

Operating income (loss):

				For the three months ended,
	2012			March 31, 2013			June 30, 2013		September 30, 2013			December 31, 2013			2013
National Networks	$	413,913		$	145,511		$	131,067	$	139,289		$	101,086		$	516,953
International and Other (a)	(54,936		)	(18,993		)	115,184		(17,951		)	(16,919		)	61,321
Inter-segment eliminations	3,861			966			1,073		1,049			805			3,893
Total	$	362,838		$	127,484		$	247,324	$	122,387		$	84,972		$	582,167

(a) Amounts for the three months ended June 30, 2013 and for the year ended December 31, 2013 include the litigation settlement gain of $132,944 recorded in connection with the settlement with DISH Network.

Adjusted Operating Cash Flow⁽¹⁾:

				For the three months ended,
	2012			March 31, 2013			June 30, 2013			September 30, 2013			December 31, 2013			2013
National Networks	$	503,951		$	164,594		$	151,195		$	150,387		$	110,596		$	576,772
International and Other	(42,395		)	(15,394		)	(13,976		)	(14,006		)	(13,100		)	(56,476		)
Inter-segment eliminations	3,861			966			1,073			1,049			805			3,893
Total	$	465,417		$	150,166		$	138,292		$	137,430		$	98,301		$	524,189

(1) The Company evaluates segment performance based on several factors, of which the primary financial measure is operating segment Adjusted Operating Cash Flow ("AOCF"). The Company defines AOCF, which is a financial measure that is not calculated in accordance with generally accepted accounting principles (“GAAP”), as operating income (loss) before depreciation and amortization, share-based compensation expense or benefit, restructuring expense or credit and the litigation settlement gain recorded in the second quarter of 2013 in connection with DISH Network.

The Company believes that AOCF is an appropriate measure for evaluating the operating performance on both an operating segment and consolidated basis. AOCF and similar measures with similar titles are common performance measures used by investors, analysts and peers to compare performance in the industry.

Internally, the Company uses revenues, net and AOCF measures as the most important indicators of its business performance, and evaluates management’s effectiveness with specific reference to these indicators. AOCF should be viewed as a supplement to and not a substitute for operating income (loss), net income (loss), cash flows from operating activities and other measures of performance and/or liquidity presented in accordance with GAAP. Since AOCF is not a measure of performance calculated in accordance with GAAP, this measure may not be comparable to similar measures with similar titles used by other companies.