10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

þ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended March 31, 2016

or

¨ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from          to

Commission File Number: 1-35106

AMC Networks Inc.

(Exact name of registrant as specified in its charter)

Delaware	27-5403694
(State or other jurisdiction of incorporation or organization)	(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)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  þ    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  þ    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company (as defined in Exchange Act Rule 12b-2).

Large accelerated filer	þ	Accelerated filer	¨
Non-accelerated filer	¨	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  þ

The number of shares of common stock outstanding as of April 29, 2016:

Class A Common Stock par value $0.01 per share	61,190,329
Class B Common Stock par value $0.01 per share	11,484,408

AMC NETWORKS INC. AND SUBSIDIARIES

FORM 10-Q

TABLE OF CONTENTS

	Page
PART I. FINANCIAL INFORMATION
Item 1. Financial Statements (unaudited)
Condensed Consolidated Balance Sheets	1
Condensed Consolidated Statements of Income	2
Condensed Consolidated Statements of Comprehensive Income	3
Condensed Consolidated Statements of Cash Flows	4
Notes to Condensed Consolidated Financial Statements	5
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	23
Item 3. Quantitative and Qualitative Disclosures About Market Risk	35
Item 4. Controls and Procedures	36
PART II. OTHER INFORMATION
Item 1. Legal Proceedings	37
Item 6. Exhibits	37
SIGNATURES	38

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements.

AMC NETWORKS INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(Dollars in thousands, except per share amounts)

(unaudited)

	March 31, 2016			December 31, 2015
ASSETS
Current Assets:
Cash and cash equivalents	$	702,800		$	316,321
Accounts receivable, trade (less allowance for doubtful accounts of $4,864 and $4,307)	685,144			674,611
Amounts due from related parties, net	2,981			4,062
Current portion of program rights, net	448,535			453,157
Prepaid expenses and other current assets	62,443			72,989
Deferred tax asset, net	24,059			16,198
Total current assets	1,925,962			1,537,338
Property and equipment, net of accumulated depreciation of $220,702 and $209,236	173,969			163,860
Program rights, net	1,046,302			1,027,394
Deferred carriage fees, net	47,061			50,069
Intangible assets, net	550,921			549,180
Goodwill	731,993			736,275
Other assets	202,021			200,799
Total assets	$	4,678,229		$	4,264,915
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIENCY)
Current Liabilities:
Accounts payable	$	131,408		$	124,441
Accrued liabilities	168,301			200,793
Current portion of program rights obligations	295,087			289,897
Deferred revenue	68,168			64,229
Current portion of long-term debt	166,500			148,000
Current portion of capital lease obligations	4,220			3,561
Total current liabilities	833,684			830,921
Program rights obligations	427,442			440,591
Long-term debt	2,801,690			2,519,808
Capital lease obligations	40,022			29,779
Deferred tax liability, net	156,487			137,233
Other liabilities	92,625			103,530
Total liabilities	4,351,950			4,061,862
Commitments and contingencies
Redeemable noncontrolling interests	208,513			211,691
Stockholders’ equity (deficiency):
Class A Common Stock, $0.01 par value, 360,000,000 shares authorized, 62,400,600 and 62,120,102 shares issued and 61,190,329 and 60,909,831 shares outstanding, respectively	624			621
Class B Common Stock, $0.01 par value, 90,000,000 shares authorized, 11,484,408 shares issued and outstanding	115			115
Preferred stock, $0.01 par value, 45,000,000 shares authorized; none issued	—			—
Paid-in capital	122,964			123,157
Accumulated earnings	138,343			24,880
Treasury stock, at cost (1,210,271 shares Class A Common Stock)	(51,993		)	(51,993		)
Accumulated other comprehensive loss	(124,149		)	(136,057		)
Total AMC Networks stockholders’ equity (deficiency)	85,904			(39,277		)
Non-redeemable noncontrolling interests	31,862			30,639
Total stockholders’ equity (deficiency)	117,766			(8,638		)
Total liabilities and stockholders’ equity (deficiency)	$	4,678,229		$	4,264,915

See accompanying notes to condensed consolidated financial statements.

1

AMC NETWORKS INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(In thousands, except per share amounts)

(unaudited)

	Three Months Ended March 31,
	2016			2015
Revenues, net (including revenues, net from related parties of $6,706 and $6,719, respectively)	$	706,579		$	668,682
Operating expenses:
Technical and operating (excluding depreciation and amortization)	274,274			262,173
Selling, general and administrative (including charges from related parties of $1,069 and $949, respectively)	153,901			154,579
Restructuring (credit) expense	(35		)	656
Depreciation and amortization	19,632			20,527
Total operating expenses	447,772			437,935
Operating income	258,807			230,747
Other income (expense):
Interest expense	(31,751		)	(33,024		)
Interest income	722			437
Loss on extinguishment of debt	(48,334		)	—
Miscellaneous, net	(837		)	(10,230		)
Total other income (expense)	(80,200		)	(42,817		)
Income from operations before income taxes	178,607			187,930
Income tax expense	(58,543		)	(61,254		)
Net income including noncontrolling interests	120,064			126,676
Net income attributable to noncontrolling interests	(6,620		)	(5,756		)
Net income attributable to AMC Networks’ stockholders	$	113,444		$	120,920
Net income per share attributable to AMC Networks’ stockholders:
Basic	$	1.56		$	1.67
Diluted	$	1.55		$	1.66
Weighted average common shares:
Basic weighted average common shares	72,579			72,206
Diluted weighted average common shares	73,274			72,970

See accompanying notes to condensed consolidated financial statements.

2

AMC NETWORKS INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Dollars in thousands)

(unaudited)

	Three Months Ended March 31,
	2016			2015
Net income including noncontrolling interests	$	120,064		$	126,676
Other comprehensive income (loss):
Foreign currency translation adjustment	15,385			(60,825		)
Unrealized (loss) gain on interest rate swaps	(1,578		)	696
Other comprehensive income (loss), before income taxes	13,807			(60,129		)
Income tax expense	(1,899		)	(2,279		)
Other comprehensive income (loss), net of income taxes	11,908			(62,408		)
Comprehensive income	131,972			64,268
Comprehensive income attributable to noncontrolling interests	(7,032		)	(4,332		)
Comprehensive income attributable to AMC Networks’ stockholders	$	124,940		$	59,936

See accompanying notes to condensed consolidated financial statements.

3

AMC NETWORKS INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Dollars in thousands)

(unaudited)

	Three Months Ended March 31,
	2016			2015
Cash flows from operating activities:
Net income including noncontrolling interests	$	120,064		$	126,676
Adjustments to reconcile income from operations to net cash from operating activities:
Depreciation and amortization	19,632			20,527
Share-based compensation expense related to equity classified awards	8,165			7,288
Amortization and write-off of program rights	170,821			170,038
Amortization of deferred carriage fees	3,940			4,004
Unrealized foreign currency transaction loss	3,530			8,807
Unrealized (gain) loss on derivative contracts, net	164			(306		)
Amortization of deferred financing costs and discounts on indebtedness	2,247			2,230
Loss on extinguishment of debt	48,334			—
Bad debt expense (credit)	528			(114		)
Deferred income taxes	12,139			7,350
Excess tax benefits from share-based compensation arrangements	(852		)	(3,672		)
Other, net	46			2,427
Changes in assets and liabilities:
Accounts receivable, trade	(9,442		)	(98,392		)
Amounts due from related parties, net	1,081			411
Prepaid expenses and other assets	7,850			(1,528		)
Program rights and obligations, net	(192,194		)	(178,203		)
Income taxes payable	37,398			38,352
Deferred revenue	3,952			14,562
Deferred carriage fees, net	(1,133		)	(16,817		)
Accounts payable, accrued expenses and other liabilities	(68,886		)	(23,445		)
Net cash provided by operating activities	167,384			80,195
Cash flows from investing activities:
Capital expenditures	(12,387		)	(18,248		)
Payments for acquisition of a business, net of cash acquired	—			(6,581		)
Purchases of investments	—			(25,210		)
Net cash used in investing activities	(12,387		)	(50,039		)
Cash flows from financing activities:
Proceeds from the issuance of long-term debt	982,500			—
Principal payments on long-term debt	(691,449		)	(18,500		)
Premium and fees paid on extinguishment of debt	(39,179		)	—
Payments for financing costs	(2,070		)	—
Deemed repurchases of restricted stock/units	(10,413		)	(12,848		)
Proceeds from stock option exercises	1,200			130
Excess tax benefits from share-based compensation arrangements	852			3,672
Principal payments on capital lease obligations	(1,086		)	(1,420		)
Distributions to noncontrolling interest	(8,968		)	—
Net cash provided by (used in) financing activities	231,387			(28,966		)
Net increase in cash and cash equivalents from operations	386,384			1,190
Effect of exchange rate changes on cash and cash equivalents	95			(8,250		)
Cash and cash equivalents at beginning of period	316,321			201,367
Cash and cash equivalents at end of period	$	702,800		$	194,307

See accompanying notes to condensed consolidated financial statements.

4

AMC NETWORKS INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands, except per share amounts)

(unaudited)

Note 1. Description of Business and Basis of Presentation

Description of Business

AMC Networks Inc. (“AMC Networks”) and its subsidiaries (collectively referred to as the “Company”) own and operate entertainment businesses and assets. The Company is comprised of two operating segments:

• National Networks: Principally includes activities of our programming businesses which include our five programming networks distributed in the U.S. and Canada. These programming networks include AMC, WE tv, BBC AMERICA, IFC and SundanceTV in the U.S.; and AMC, IFC, and Sundance Channel in Canada. Our programming businesses within the National Networks segment may also sell rights worldwide to their owned original programming. The National Networks operating segment also includes AMC Networks Broadcasting & Technology, the technical services business, which primarily services most of the programming networks included in the National Networks segment.

• International and Other: Principally includes AMC Networks International (“AMCNI”), the Company’s international programming businesses consisting of a portfolio of channels in Europe, Latin America, the Middle East and parts of Asia and Africa; IFC Films, the Company’s independent film distribution business; AMCNI- DMC, the broadcast solutions unit of certain networks of AMCNI and third-party networks, and various developing on-line content distribution initiatives.

Basis of Presentation

Principles of Consolidation

These unaudited condensed consolidated financial statements include the accounts of AMC Networks and its majority owned or controlled subsidiaries. All intercompany transactions and balances have been eliminated in consolidation.

Investments in business entities in which the Company lacks control but does have the ability to exercise significant influence over operating and financial policies are accounted for using the equity method of accounting.

Unaudited Interim Financial Statements

These condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and Article 10 of Regulation S-X of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the Company’s consolidated financial statements and notes thereto for the year ended December 31, 2015 contained in the Company’s Annual Report on Form 10-K (“2015 Form 10-K”) filed with the SEC. The condensed consolidated financial statements presented in this Quarterly Report on Form 10-Q are unaudited; however, in the opinion of management, such financial statements reflect all adjustments, consisting solely of normal recurring adjustments, necessary for a fair presentation of the results for the interim periods presented.

The results of operations for interim periods are not necessarily indicative of the results that might be expected for future interim periods or for the full year ending December 31, 2016.

Program Rights

The Company periodically reviews the programming usefulness of its licensed and owned original program rights based on a series of factors, including expected future revenue generation from airings on the Company’s networks and other exploitation opportunities, ratings, type and quality of program material, standards and practices, and fitness for exhibition through various forms of distribution. If it is determined that film or other program rights have no future programming usefulness, a write-off of the unamortized cost is recorded in technical and operating expense. There were no program rights write-offs included in technical and operating expense for the three months ended March 31, 2016. Program rights write-offs included in technical and operating expense of $9,596 were recorded for the three months ended March 31, 2015.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements; and the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates. Significant estimates and judgments inherent in the preparation of the consolidated financial statements include the valuation of acquisition-related assets and liabilities, the useful lives and methodologies used to amortize and assess recoverability of program rights, the estimated useful lives of intangible assets, valuation and recoverability of goodwill and intangible assets and income tax assets and liabilities.

5

AMC NETWORKS INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

(Dollars in thousands, except per share amounts)

(unaudited)

Recently Issued Accounting Pronouncements

In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The updated guidance changes how companies account for certain aspects of share-based payment awards to employees, including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as the classification of related matters in the statement of cash flows. ASU 2016-09 is effective for the first quarter of 2017. The Company is currently assessing the impact the adoption will have on its consolidated financial statements.

In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). ASU 2016-02 requires lessees to put most of their leases on the balance sheet, which will be recognized as a right-of-use asset and a lease liability. The Company will be required to classify each separate lease component as an operating or finance lease at the lease commencement date. Initial measurement of the right-of-use asset and lease liability is the same for operating and finance leases, however expense recognition and amortization of the right-of-use asset differs. Operating leases will reflect lease expense on a straight-line basis similar to current operating leases. The straight-line expense will reflect the interest expense on the lease liability (effective interest method) and amortization of the right-of-use asset, which will be presented as a single line item in the operating expense section of the income statement. Finance leases will reflect a front-loaded expense pattern similar to the pattern for current capital leases. ASU 2016-02 is effective for the first quarter of 2019, with early adoption permitted. The Company is currently determining its implementation approach and assessing the impact the adoption will have on its consolidated financial statements.

In November 2015, the FASB issued ASU No. 2015-17, Income Taxes (Topic 740) Balance Sheet Classification of Deferred Taxes. ASU 2015-17 requires deferred tax liabilities and assets be classified as noncurrent in the statement of financial position. ASU 2015-17 is effective for the first quarter of 2017 with early adoption permitted. The adoption of ASU 2015-17 is not expected to have a material impact on the Company's consolidated financial statements.

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). ASU 2014-09 provides new guidance related to how an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard requires an evaluation of (i) transfer of control, (ii) variable consideration, (iii) allocation of selling price for multiple elements, (iv) intellectual property licenses, (v) time value of money, and (vi) contract costs. The standard also expands the required disclosures related to revenue and cash flows from contracts with customers to provide greater insight into both revenue that has been recognized, and revenue that is expected to be recognized in the future from existing contracts. In March 2016, the FASB issued ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations. ASU 2016-08 retains the guidance that the principal in an arrangement controls a good or service before it is transferred to a customer and clarifies: (i) that the entity must first identify the good or service being provided, (ii)how an entity should identify the unit of accounting for the principal versus agent evaluation, (iii)how the control principle applies to transactions, such as service arrangements, and (iv) how to assess whether an entity controls services performed by another party. Both ASU 2014-09 and ASU 2016-08 are effective for the first quarter of 2018, with early adoption permitted and retrospective application required. The Company is currently determining its implementation approach and assessing the impact the adoption will have on its consolidated financial statements.

Note 2. Net Income per Share

The following is a reconciliation between basic and diluted weighted average shares outstanding:

	Three Months Ended March 31,
	2016	2015
Basic weighted average common shares outstanding	72,579,000	72,206,000
Effect of dilution:
Stock options	51,000	204,000
Restricted stock units	644,000	560,000
Diluted weighted average common shares outstanding	73,274,000	72,970,000

For the three months ended March 31, 2016, there were no restricted stock units that would have been anti-dilutive to the diluted weighted average common shares outstanding. For the three months ended March 31, 2015, there were 312,252 restricted stock units that would have been anti-dilutive to the diluted weighted average common shares outstanding. Approximately 137,000 and 125,000 restricted stock units for the three months ended March 31, 2016 and March 31, 2015, respectively, have been excluded

6

AMC NETWORKS INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

(Dollars in thousands, except per share amounts)

(unaudited)

from diluted weighted average common shares outstanding since a performance condition on these awards was not met in each of the respective periods.

Stock Repurchase Program

On March 4, 2016. the Company’s Board of Directors authorized a program to repurchase up to $500,000 of its outstanding shares of common stock. There were no repurchases of common stock for the three months ended March 31, 2016.

Note 3. Restructuring

The Company incurred restructuring expense primarily related to severance charges associated with the elimination of certain positions across the Company.

The following table summarizes the restructuring expense (credit) recognized by operating segment:

	Three Months Ended March 31,
	2016			2015
National Networks	$	30		$	66
International & Other	(65		)	590
Total restructuring expense (credit)	$	(35	)	$	656

The following table summarizes the accrued restructuring costs:

	Severance and employee-related costs			Other exit costs			Total
December 31, 2015	$	9,498		$	512		$	10,010
Credits	(35		)	—			(35		)
Cash payments	(7,174		)	(95		)	(7,269		)
Currency translation	(84		)	19			(65		)
March 31, 2016	$	2,205		$	436		$	2,641

Liabilities for restructuring costs of $2,571 and $70 are included in accrued liabilities and other liabilities, respectively, in the condensed consolidated balance sheet at March 31, 2016.

Note 4. Goodwill and Other Intangible Assets

The carrying amount of goodwill, by operating segment is as follows:

	National Networks			International and Other			Total
December 31, 2015	$	244,849		$	491,426		$	736,275
Purchase accounting adjustments	—			(6,965		)	(6,965		)
Amortization of “second component” goodwill	(631		)	—			(631		)
Foreign currency translation	—			3,314			3,314
March 31, 2016	$	244,218		$	487,775		$	731,993

Purchase accounting adjustments included in the International and Other segment relate to the allocation of fair value for a previous acquisition of a small international channel from goodwill primarily to identifiable intangible assets.

The reduction of $631 in the carrying amount of goodwill for the National Networks is due to the realization of a tax benefit for the amortization of “second component” goodwill at SundanceTV. Second component goodwill is the amount of tax deductible goodwill in excess of goodwill for financial reporting purposes. In accordance with the authoritative guidance at the time of the SundanceTV acquisition, the tax benefits associated with this excess are applied to first reduce the amount of goodwill, and then other intangible assets for financial reporting purposes, if and when such tax benefits are realized in the Company’s tax returns.

7

AMC NETWORKS INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

(Dollars in thousands, except per share amounts)

(unaudited)

The following tables summarize information relating to the Company’s identifiable intangible assets:

	March 31, 2016
	Gross		Accumulated Amortization			Net		Estimated Useful Lives
Amortizable intangible assets:
Affiliate and customer relationships	$	546,308	$	(118,551	)	$	427,757	11 to 25 years
Advertiser relationships	46,282		(6,042		)	40,240		11 years
Trade names	57,756		(5,229		)	52,527		20 years
Other amortizable intangible assets	10,807		(310		)	10,497		5 years
Total amortizable intangible assets	661,153		(130,132		)	531,021
Indefinite-lived intangible assets:
Trademarks	19,900		—			19,900
Total intangible assets	$	681,053	$	(130,132	)	$	550,921
	December 31, 2015
	Gross		Accumulated Amortization			Net
Amortizable intangible assets:
Affiliate and customer relationships	$	554,012	$	(110,203	)	$	443,809
Advertiser relationships	46,282		(4,990		)	41,292
Trade names	48,522		(4,353		)	44,169
Other amortizable intangible assets	15		(5		)	10
Total amortizable intangible assets	648,831		(119,551		)	529,280
Indefinite-lived intangible assets:
Trademarks	19,900		—			19,900
Total intangible assets	$	668,731	$	(119,551	)	$	549,180

Aggregate amortization expense for amortizable intangible assets for the three months ended March 31, 2016 and 2015 was $9,900 and $10,773, respectively. Estimated aggregate amortization expense for intangible assets subject to amortization for each of the following five years is:

Years Ending December 31,
2016	$	39,106
2017	38,968
2018	38,968
2019	38,965
2020	38,961

Note 5. Accrued Liabilities

Accrued liabilities consist of the following:

	March 31, 2016		December 31, 2015
Interest	$	11,473	$	28,246
Employee related costs	73,093		119,931
Income taxes payable	37,899		2,112
Other accrued expenses	45,836		50,504
Total accrued liabilities	$	168,301	$	200,793

8

AMC NETWORKS INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

(Dollars in thousands, except per share amounts)

(unaudited)

Note 6. Long-term Debt

The Company’s long-term debt consists of the following:

	March 31, 2016			December 31, 2015
Senior Secured Credit Facility: (a)
Term Loan A Facility	$	1,369,000		$	1,406,000
Senior Notes:
5.00% Notes due April 2024	1,000,000			—
7.75% Notes due July 2021	45,551			700,000
4.75% Notes due December 2022	600,000			600,000
Total long-term debt	3,014,551			2,706,000
Unamortized discount	(26,577		)	(17,911		)
Unamortized deferred financing costs	(19,784		)	(20,281		)
Long-term debt, net	2,968,190			2,667,808
Current portion of long-term debt	166,500			148,000
Noncurrent portion of long-term debt	$	2,801,690		$	2,519,808

(a) The Company’s $500,000 revolving credit facility remains undrawn at March 31, 2016. Total undrawn revolver commitments are available to be drawn for general corporate purposes of the Company.

5.00% Notes due 2024

On March 30, 2016, the Company issued $1,000,000 in aggregate principal amount of 5.00% senior notes, net of an issuance discount of $17,500, due 2024 (the “5.00% Notes”). AMC Networks used a portion of the net proceeds of this offering to make a cash tender (“Tender Offer”) for its outstanding 7.75% Senior Notes due 2021 (the "7.75% Notes") with the remaining proceeds to be used for general corporate purposes, which may include the redemption of any of the 7.75% Notes not tendered. The 5.00% Notes were issued pursuant to an indenture dated as of March 30, 2016 (the “5.00% Notes Indenture”).

In connection with the issuance of the 5.00% Notes, AMC Networks incurred deferred financing costs of $2,070, which are being amortized, using the effective interest method, to interest expense over the term of the 5.00% Notes.

Interest on the 5.00% Notes is payable semi-annually in arrears on April 1 and October 1 of each year.

The 5.00% Notes may be redeemed, in whole or in part, at any time on or after April 1, 2020, at a redemption price equal to 102.5% of the principal amount thereof (plus accrued and unpaid interest thereon, if any, to the date of such redemption), declining annually to 100% of the principal amount thereof (plus accrued and unpaid interest thereon, if any, to the date of such redemption) beginning on April 1, 2022.

The 5.00% Notes are guaranteed on a senior unsecured basis by certain of AMC Networks’ existing and future domestic restricted subsidiaries, in accordance with the 5.00% Notes Indenture. The guarantees under the 5.00% Notes are full and unconditional and joint and several.

The 5.00% Notes Indenture contains certain affirmative and negative covenants applicable to AMC Networks and its restricted subsidiaries including restrictions on their ability to incur additional indebtedness, consummate certain assets sales, make investments in entities that are not restricted subsidiaries, create liens on their assets, enter into certain affiliate transactions and make certain restricted payments, including restrictions on AMC Networks’ ability to pay dividends on, or repurchase, its common stock.

7.75% Notes due 2021 Tender Offer

The Company used a portion of the net proceeds of the 5.00% Notes to make a Tender Offer for the 7.75% Notes at a price of $1,058.57 per $1,000 principal amounts of notes plus accrued and unpaid interest. Pursuant to the Tender Offer, the Company purchased approximately $654,000 principal amount of the 7.75% Notes for a purchase price of approximately $703,000 including accrued and unpaid interest of $10,567 and related fees. Approximately $46,000 of the 7.75% Notes remain outstanding.

In connection with the Tender Offer, the Company recorded a loss on extinguishment of debt of $48,334 for the three months ended March 31, 2016 which includes $39,179 related to the excess of the redemption price, premium paid and related fees

9

AMC NETWORKS INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

(Dollars in thousands, except per share amounts)

(unaudited)

associated with the closing of the Tender Offer and unamortized issuance discount and deferred financing fees related to the 7.75% Notes of $8,185 and $970, respectively.

Note 7. Fair Value Measurement

The fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value that are either observable or unobservable. Observable inputs reflect assumptions market participants would use in pricing an asset or liability based on market data obtained from independent sources while unobservable inputs reflect a reporting entity’s pricing based upon their own market assumptions. The fair value hierarchy consists of the following three levels:

• Level I - Quoted prices for identical instruments in active markets.

• Level II - Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable.

• Level III - Instruments whose significant value drivers are unobservable.

The following table presents for each of these hierarchy levels, the Company’s financial assets and liabilities that are measured at fair value on a recurring basis:

	Level I		Level II		Total
At March 31, 2016:
Assets:
Cash equivalents	$	22,116	$	—	$	22,116
Interest rate swap contracts	—		172		172
Foreign currency derivatives	—		4,932		4,932
Liabilities:
Interest rate swap contracts	—		2,518		2,518
Foreign currency derivatives	$	—	$	3,455	$	3,455
At December 31, 2015:
Assets:
Cash equivalents	$	2,027	$	—	$	2,027
Interest rate swap contracts	—		1,449		1,449
Foreign currency derivatives	—		4,421		4,421
Liabilities:
Interest rate swap contracts	—		2,682		2,682
Foreign currency derivatives	$	—	$	3,107	$	3,107

The Company’s cash equivalents are classified within Level I of the fair value hierarchy because they are valued using quoted market prices.

The Company’s interest rate swap contracts and foreign currency derivatives (see Note 8) are classified within Level II of the fair value hierarchy and their fair values are determined based on a market approach valuation technique that uses readily observable market parameters and the consideration of counterparty risk.

The Company does not have any recurring assets or liabilities measured at fair value that would be considered Level III.

Fair value measurements are also used in nonrecurring valuations performed in connection with acquisition accounting. These nonrecurring valuations primarily include the valuation of affiliate and customer relationships intangible assets, advertiser relationship intangible assets and property and equipment. All of our nonrecurring valuations use significant unobservable inputs and therefore fall under Level III of the fair value hierarchy.

Credit Facility Debt and Senior Notes

The fair values of each of the Company’s debt instruments are based on quoted market prices for the same or similar issues or on the current rates offered to the Company for instruments of the same remaining maturities.

10

AMC NETWORKS INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

(Dollars in thousands, except per share amounts)

(unaudited)

The carrying values and estimated fair values of the Company’s financial instruments, excluding those that are carried at fair value in the condensed consolidated balance sheets, are summarized as follows:

	March 31, 2016
	Carrying Amount		Estimated Fair Value
Debt instruments:
Term Loan A Facility	$	1,351,480	$	1,341,620
5.00% Notes due April 2024	980,430		1,006,250
7.75% Notes due July 2021	44,981		48,193
4.75% Notes due December 2022	591,299		601,500
	$	2,968,190	$	2,997,563

	December 31, 2015
	Carrying Amount		Estimated Fair Value
Debt instruments:
Term Loan A Facility	$	1,386,869	$	1,370,850
7.75% Notes due July 2021	689,910		737,625
4.75% Notes due December 2022	591,029		600,000
	$	2,667,808	$	2,708,475

Fair value estimates related to the Company’s debt instruments presented above are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgments and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates.

Note 8. Derivative Financial Instruments

Interest Rate Risk

To manage interest rate risk, the Company enters into interest rate swap contracts to adjust the amount of total debt that is subject to variable interest rates.

As of March 31, 2016, the Company had interest rate swap contracts outstanding with notional amounts aggregating $400,000, which consists of interest rate swap contracts with notional amounts of $200,000 that are designated as cash flow hedges and interest rate swap contracts with notional amounts of $200,000 that are not designated as hedging instruments. The Company’s outstanding interest rate swap contracts have varying maturities ranging from August 2016 to October 2018. At March 31, 2016, the Company’s interest rate swap contracts designated as cash flow hedges were highly effective.

Foreign Currency Exchange Rate Risk

We are exposed to foreign currency risk to the extent that we enter into transactions denominated in currencies other than our or our subsidiaries’ respective functional currencies (non-functional currency risk), such as affiliation agreements, programming contracts, certain accounts payable and trade receivables (including intercompany amounts) that are denominated in a currency other than the applicable functional currency.

11

AMC NETWORKS INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

(Dollars in thousands, except per share amounts)

(unaudited)

The fair values of the Company’s derivative financial instruments included in the condensed consolidated balance sheets are as follows:

	Balance Sheet  Location	March 31, 2016		December 31, 2015
Derivatives designated as hedging instruments:
Assets:
Interest rate swap contracts	Other assets	$	172	$	1,449
Liabilities:
Interest rate swap contracts	Other liabilities	301		—
Derivatives not designated as hedging instruments:
Assets:
Foreign currency derivatives	Prepaid expenses and other current assets	1,226		1,331
Foreign currency derivatives	Other assets	3,706		3,090
Liabilities:
Interest rate swap contracts	Accrued liabilities	390		660
Interest rate swap contracts	Other liabilities	1,827		2,022
Foreign currency derivatives	Accrued liabilities	1,184		1,429
Foreign currency derivatives	Other liabilities	2,271		1,678

The amounts of gains and losses related to the Company’s derivative financial instruments designated as hedging instruments are as follows:

	Gain or (Loss) on Derivatives  Recognized in OCI						Location of Gain or (Loss) in Earnings	Gain or (Loss) Reclassified  from Accumulated OCI  into Earnings (a)
	Three Months Ended March 31,							Three Months Ended March 31,
	2016			2015				2016			2015
Derivatives in cash flow hedging relationships:
Interest rate swap contracts	$	(1,741	)	$	(272	)	Interest expense	$	(163	)	$	(968	)

(a) There were no gains or losses recognized in earnings related to any ineffective portion of hedging relationships or related to any amount excluded from the assessment of hedge effectiveness for the three months ended March 31, 2016 and 2015.

The amounts of gains and losses related to the Company’s derivative financial instruments not designated as hedging instruments are as follows:

	Location of Gain or (Loss) Recognized in Earnings  on Derivatives	Amount of Gain or (Loss) Recognized in Earnings on Derivatives
		Three Months Ended March 31,
		2016			2015
Derivatives not designated as hedging relationships:
Interest rate swap contracts	Interest expense	$	(181	)	$	(421	)
Foreign currency derivatives	Miscellaneous, net	52			493
Total		$	(129	)	$	72

Note 9. Income Taxes

For the three months ended March 31, 2016, income tax expense attributable to continuing operations was $58,543, representing an effective tax rate of 33%. The items resulting in variances from the federal statutory rate of 35% include state

12

AMC NETWORKS INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

(Dollars in thousands, except per share amounts)

(unaudited)

income tax expense of $3,215, tax benefit from foreign subsidiary earnings indefinitely reinvested outside the U.S. of $3,465, tax benefit from the domestic production activities deduction of $5,322 and tax expense of $2,000 for an increase in valuation allowances for foreign taxes.

For the three months ended March 31, 2015, income tax expense attributable to continuing operations was $61,254, representing an effective tax rate of 33%. The items resulting in variances from the federal statutory rate of 35% include state income tax expense of $3,834, tax benefit from foreign subsidiary earnings indefinitely reinvested outside the U.S. of $5,262, tax benefit from the domestic production activities deduction of $5,168 and tax expense of $2,831 for an increase in valuation allowances for foreign taxes.

At March 31, 2016, the Company had foreign tax credit carry forwards of approximately $43,000, expiring on various dates from 2016 through 2026. For the three months ended March 31, 2016, excess tax benefits of $852 relating to share-based compensation awards and $400 relating to amortization of tax deductible second component goodwill were realized as a reduction in tax liability (as determined on a ‘with-and-without’ approach).

Note 10. Commitments and Contingencies

Commitments

As of March 31, 2016, the Company’s contractual obligations not reflected on the Company’s condensed consolidated balance sheet increased$28,970 to $1,545,033 as compared to $1,516,063 at December 31, 2015. The increase relates primarily to program rights obligations.

Legal Matters

The Company is party to various lawsuits and claims in the ordinary course of business. Although the outcome of these matters cannot be predicted with certainty and while the impact of these matters on the Company’s results of operations in any particular subsequent reporting period could be material, management does not believe that the resolution of these matters will have a material adverse effect on the financial position of the Company or the ability of the Company to meet its financial obligations as they become due.

Note 11. Equity Plans

On March 4, 2016, AMC Networks granted 486,758 restricted stock units (“RSU’s”) and 371,109 performance restricted stock units (“PRSU’s”) to certain executive officers and employees under the AMC Networks Inc. Amended and Restated 2011 Employee Stock Plan. The RSU’s vest in equal annual installments over a three year period and the vesting criteria for 137,527 RSU’s include the achievement of certain performance targets by the Company. The PRSU’s vest on the third anniversary of the grant date and include the achievement of certain performance targets by the Company.

During the three months ended March 31, 2016, 323,402 RSU’s of AMC Networks Class A Common Stock previously issued to employees of the Company vested. On the vesting date, 133,306 RSU’s were surrendered to the Company to cover the required statutory tax withholding obligations and 190,096 new shares of the AMC Networks Class A Common Stock were issued in respect of the remaining RSU’s. The units surrendered to satisfy the employees’ statutory minimum tax withholding obligations for the applicable income and other employment tax had an aggregate value of $10,413, which has been reflected as a financing activity in the condensed consolidated statement of cash flows for the three months ended March 31, 2016.

Share-based compensation expense included in selling, general and administrative expense, for the three months ended March 31, 2016 and March 31, 2015 was $8,165 and $7,288, respectively.

As of March 31, 2016, there was $102,438 of total unrecognized share-based compensation cost related to outstanding unvested share-based awards. The unrecognized compensation cost is expected to be recognized over a weighted-average remaining period of approximately 2.9 years.

Note 12. Redeemable Noncontrolling Interests

In connection with a membership interest purchase agreement entered into with BBC Worldwide Americas, Inc. (“BBCWA”), the Company acquired a 49.9% limited liability interest in New Video Channel America L.L.C. (“New Video”). New Video owns the cable channel BBC AMERICA. The terms of the agreement provide BBCWA with a right to put all of its 50.1% noncontrolling interest to the Company at the greater of the then fair value or the fair value of the initial equity interest at inception. The put option is exercisable on the fifteenth and twenty-fifth year anniversary of the Joint Venture agreement.

13

AMC NETWORKS INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

(Dollars in thousands, except per share amounts)

(unaudited)

In connection with the creation of another joint venture entity in 2013, the terms of the agreement provide the noncontrolling member with a right to put all of its interest to the Company at the then fair value.

Because exercise of these put rights is outside the Company's control, the noncontrolling interest in each entity is presented as redeemable noncontrolling interest outside of stockholders' equity (deficiency) on the Company's consolidated balance sheet.

The following table summarizes activity related to redeemable noncontrolling interest for the three months ended March 31, 2016.

	Three Months Ended March 31, 2016
December 31, 2015	$	211,691
Net earnings	5,809
Distributions	(8,968		)
Other	(19		)
March 31, 2016	$	208,513

Note 13. Related Party Transactions

Members of the Dolan Family, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, including trusts for the benefit of the Dolan Family, collectively beneficially own all of the AMC Networks outstanding Class B Common Stock and own less than 2% of the AMC Networks’ outstanding Class A Common Stock. Such shares of the AMC Networks Class A Common Stock and Class B Common Stock, collectively, represent approximately 66% of the aggregate voting power of AMC Networks’ outstanding common stock. Members of the Dolan Family are also the controlling stockholders of Cablevision Systems Corporation and its subsidiaries (“Cablevision”), The Madison Square Garden Company (“MSG”) and MSG Networks Inc. (“MSG Networks”).

In connection with the spin off from Cablevision in 2011, the Company entered into various agreements with Cablevision that govern certain of the Company’s relationships with Cablevision subsequent to the spin off. These agreements include arrangements with respect to transition services and a number of on-going commercial relationships. The distribution agreement includes an agreement that the Company and Cablevision agree to provide each other with indemnities with respect to liabilities arising out of the businesses Cablevision transferred to the Company. In addition, the Company provides services to and receives services from Cablevision, MSG and MSG Networks.

The Company records revenues, net from subsidiaries of Cablevision, MSG and MSG Networks. Revenues, net from related parties amounted to $6,706 and $6,719 for the three months ended March 31, 2016 and 2015, respectively.

In addition, the Company and its related parties routinely enter into transactions with each other in the ordinary course of business. Amounts charged to the Company, included in selling, general and administrative expenses, pursuant to transactions with its related parties amounted to $1,069 and $949 for the three months ended March 31, 2016 and 2015, respectively.

Note 14. Cash Flows

The Company’s non-cash investing and financing activities and other supplemental data are as follows:

	Three Months Ended March 31,
	2016	2015
Non-Cash Investing and Financing Activities:
Increase in capital lease obligations	10,983	—
Capital expenditures incurred but not yet paid	2,722	2,399
Supplemental Data:
Cash interest paid	46,436	37,132
Income taxes paid, net	5,600	13,005

14

AMC NETWORKS INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

(Dollars in thousands, except per share amounts)

(unaudited)

Note 15. Accumulated Other Comprehensive Loss

The following table details the components of accumulated other comprehensive loss:

	Three Months Ended March 31, 2016									Three Months Ended March 31, 2015
	Currency Translation Adjustment			Gains (Losses) on Cash Flow Hedges			Accumulated Other Comprehensive Income (Loss)			Currency Translation Adjustment			Gains (Losses) on Cash Flow Hedges			Accumulated Other Comprehensive Income (Loss)
Beginning balance	$	(136,434	)	$	377		$	(136,057	)	$	(77,492	)	$	(1,756	)	$	(79,248	)
Other comprehensive income (loss) before reclassifications	15,385			(1,741		)	13,644			(60,825		)	(272		)	(61,097		)
Amounts reclassified from accumulated other comprehensive loss	—			163			163			—			968			968
Net current-period other comprehensive income (loss), before income taxes	15,385			(1,578		)	13,807			(60,825		)	696			(60,129		)
Income tax expense	(2,477		)	578			(1,899		)	(2,024		)	(255		)	(2,279		)
Net current-period other comprehensive income (loss), net of income taxes	12,908			(1,000		)	11,908			(62,849		)	441			(62,408		)
Ending balance	$	(123,526	)	$	(623	)	$	(124,149	)	$	(140,341	)	$	(1,315	)	$	(141,656	)

Amounts reclassified to net earnings for gains and losses on cash flow hedges designated as hedging instruments are included in interest expense in the condensed consolidated statements of income.

Note 16. Segment Information

The Company classifies its operations into two operating segments: National Networks and International and Other. These reportable segments represent strategic business units that are managed separately.

The Company generally allocates all corporate overhead costs to the Company’s two operating segments based upon their proportionate estimated usage of services, including such costs as executive salaries and benefits, costs of maintaining corporate headquarters, facilities and common support functions (such as human resources, legal, finance, tax, accounting, audit, treasury, risk management, strategic planning and information technology) as well as sales support functions and creative and production services.

The Company evaluates segment performance based on several factors, of which the primary financial measure is operating segment adjusted operating cash flow (defined as operating income (loss) before depreciation and amortization, share-based compensation expense or benefit, and restructuring expense or credit). The Company has presented the components that reconcile adjusted operating cash flow to operating income, an accepted GAAP measure, and other information as to the continuing operations of the Company’s reportable segments below.

15

AMC NETWORKS INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

(Dollars in thousands, except per share amounts)

(unaudited)

	Three Months Ended March 31, 2016
	National Networks			International and Other			Inter-segment eliminations			Consolidated
Revenues, net
Advertising	$	263,852		$	22,825		$	—		$	286,677
Distribution	334,783			86,223			(1,104		)	419,902
Consolidated revenues, net	$	598,635		$	109,048		$	(1,104	)	$	706,579
Adjusted operating cash flow	$	280,952		$	5,106		$	511		$	286,569
Depreciation and amortization	(7,969		)	(11,663		)	—			(19,632		)
Share-based compensation expense	(6,221		)	(1,944		)	—			(8,165		)
Restructuring (expense) credit	(30		)	65			—			35
Operating income (loss)	$	266,732		$	(8,436	)	$	511		$	258,807
Capital expenditures	$	1,980		$	10,407		$	—		$	12,387
	Three Months Ended March 31, 2015
	National Networks			International and Other			Inter-segment eliminations			Consolidated
Revenues, net
Advertising	$	260,439		$	18,803		$	—		$	279,242
Distribution	302,409			87,552			(521		)	389,440
Consolidated revenues, net	$	562,848		$	106,355		$	(521	)	$	668,682
Adjusted operating cash flow	$	253,258		$	5,679		$	281		$	259,218
Depreciation and amortization	(7,361		)	(13,166		)	—			(20,527		)
Share-based compensation expense	(5,410		)	(1,878		)	—			(7,288		)
Restructuring expense	(66		)	(590		)	—			(656		)
Operating income (loss)	$	240,421		$	(9,955	)	$	281		$	230,747
Capital expenditures	$	7,135		$	11,113		$	—		$	18,248

Inter-segment eliminations are primarily revenues recognized by AMC Networks Broadcasting & Technology for transmission revenues recognized from the International and Other operating segment as well as licensing revenues recognized between the National Networks and International and Other segments.

	Three Months Ended March 31,
	2016			2015
Inter-segment revenues
National Networks	$	(944	)	$	(452	)
International and Other	(160		)	(69		)
	$	(1,104	)	$	(521	)

The table below summarizes revenues based on customer location:

	Three Months Ended March 31,
	2016		2015
Revenues
United States	$	574,334	$	563,825
Europe	93,962		75,886
Other	38,283		28,971
	$	706,579	$	668,682

16

AMC NETWORKS INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

(Dollars in thousands, except per share amounts)

(unaudited)

The table below summarizes property and equipment based on asset location:

	March 31, 2016		December 31, 2015
Property and equipment, net
United States	$	90,592	$	93,951
Europe	61,996		48,043
Other	21,381		21,866
	$	173,969	$	163,860

Note 17. Condensed Consolidating Financial Statements

Long-term debt of AMC Networks includes $45,551 of 7.75% senior notes due July 2021, $600,000 of 4.75% senior notes due December 2022 and $1,000,000 of 5.00% senior notes due April 2024. All outstanding senior notes issued by AMC Networks are guaranteed on a senior unsecured basis by certain of its existing and future domestic restricted subsidiaries (the “Guarantor Subsidiaries”). All Guarantor Subsidiaries are owned 100% by AMC Networks. The outstanding notes are fully and unconditionally guaranteed by the Guarantor Subsidiaries on a joint and several basis.

Set forth below are condensed consolidating financial statements presenting the financial position, results of operations, comprehensive income, and cash flows of (i) the Parent Company, (ii) the Guarantor Subsidiaries on a combined basis (as such guarantees are joint and several), (iii) the direct and indirect non-guarantor subsidiaries of the Parent Company (the “Non-Guarantor Subsidiaries”) on a combined basis and (iv) reclassifications and eliminations necessary to arrive at the information for the Company on a consolidated basis.

Basis of Presentation

 In presenting the condensed consolidating financial statements, the equity method of accounting has been applied to (i) the Parent Company’s interests in the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries, and (ii) the Guarantor Subsidiaries’ interests in the Non-Guarantor Subsidiaries, even though all such subsidiaries meet the requirements to be consolidated under GAAP. All intercompany balances and transactions between the Parent Company, the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries have been eliminated, as shown in the column “Eliminations.”

 The accounting basis in all subsidiaries, including goodwill and identified intangible assets, have been allocated to the applicable subsidiaries.

17

AMC NETWORKS INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

(Dollars in thousands, except per share amounts)

(unaudited)

Condensed Consolidating Balance Sheet
March 31, 2016
	Parent Company		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	279,468	$	257,259	$	166,073	$	—		$	702,800
Accounts receivable, trade (less allowance for doubtful accounts)	—		519,912		165,232		—			685,144
Amounts due from related parties, net	—		2,743		238		—			2,981
Current portion of program rights, net	—		335,169		113,366		—			448,535
Prepaid expenses, other current assets and intercompany receivable	89		136,839		15,073		(89,558		)	62,443
Deferred tax asset, net	18,881		—		5,178		—			24,059
Total current assets	298,438		1,251,922		465,160		(89,558		)	1,925,962
Property and equipment, net of accumulated depreciation	—		89,929		84,040		—			173,969
Investment in affiliates	2,986,397		852,545		—		(3,838,942		)	—
Program rights, net	—		907,952		138,350		—			1,046,302
Long-term intercompany notes receivable	—		400,109		603		(400,712		)	—
Deferred carriage fees, net	—		44,592		2,469		—			47,061
Intangible assets, net	—		187,605		363,316		—			550,921
Goodwill	—		71,069		660,924		—			731,993
Other assets	172		101,426		100,423		—			202,021
Total assets	$	3,285,007	$	3,907,149	$	1,815,285	$	(4,329,212	)	$	4,678,229
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable	$	301	$	98,580	$	32,527	$	—		$	131,408
Accrued liabilities and intercompany payable	51,586		74,889		131,384		(89,558		)	168,301
Current portion of program rights obligations	—		223,834		71,253		—			295,087
Deferred revenue	—		56,404		11,764		—			68,168
Current portion of long-term debt	166,500		—		—		—			166,500
Current portion of capital lease obligations	—		2,300		1,920		—			4,220
Total current liabilities	218,387		456,007		248,848		(89,558		)	833,684
Program rights obligations	—		405,338		22,104		—			427,442
Long-term debt	2,801,690		—		—		—			2,801,690
Capital lease obligations	—		8,857		31,165		—			40,022
Deferred tax liability, net	144,968		—		11,519		—			156,487
Other liabilities and intercompany notes payable	34,058		50,550		408,729		(400,712		)	92,625
Total liabilities	3,199,103		920,752		722,365		(490,270		)	4,351,950
Commitments and contingencies
Redeemable noncontrolling interests	—		—		208,513		—			208,513
Stockholders’ equity:
AMC Networks stockholders’ equity	85,904		2,986,397		852,545		(3,838,942		)	85,904
Non-redeemable noncontrolling interests	—		—		31,862		—			31,862
Total stockholders’ equity	85,904		2,986,397		884,407		(3,838,942		)	117,766
Total liabilities and stockholders’ equity	$	3,285,007	$	3,907,149	$	1,815,285	$	(4,329,212	)	$	4,678,229

18

AMC NETWORKS INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

(Dollars in thousands, except per share amounts)

(unaudited)

Condensed Consolidating Balance Sheet
December 31, 2015
	Parent Company			Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	434		$	148,260	$	167,627	$	—		$	316,321
Accounts receivable, trade (less allowance for doubtful accounts)	—			538,657		135,954		—			674,611
Amounts due from related parties, net	—			3,818		244		—			4,062
Current portion of program rights, net	—			352,664		100,493		—			453,157
Prepaid expenses, other current assets and intercompany receivable	4,158			112,456		12,322		(55,947		)	72,989
Deferred tax asset, net	14,039			—		2,159		—			16,198
Total current assets	18,631			1,155,855		418,799		(55,947		)	1,537,338
Property and equipment, net	—			93,007		70,853		—			163,860
Investment in affiliates	2,797,938			845,069		—		(3,643,007		)	—
Program rights, net	—			889,756		137,638		—			1,027,394
Long-term intercompany notes receivable	—			400,163		676		(400,839		)	—
Deferred carriage fees, net	—			47,437		2,632		—			50,069
Intangible assets, net	—			190,041		359,139		—			549,180
Goodwill	—			71,700		664,575		—			736,275
Other assets	1,449			100,620		98,730		—			200,799
Total assets	$	2,818,018		$	3,793,648	$	1,753,042	$	(4,099,793	)	$	4,264,915
LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Current Liabilities:
Accounts payable	$	6		$	97,445	$	26,990	$	—		$	124,441
Accrued liabilities and intercompany payable	30,857			128,084		97,799		(55,947		)	200,793
Current portion of program rights obligations	—			225,375		64,522		—			289,897
Deferred revenue	—			54,921		9,308		—			64,229
Current portion of long-term debt	148,000			—		—		—			148,000
Current portion of capital lease obligations	—			2,393		1,168		—			3,561
Total current liabilities	178,863			508,218		199,787		(55,947		)	830,921
Program rights obligations	—			415,419		25,172		—			440,591
Long-term debt	2,519,808			—		—		—			2,519,808
Capital lease obligations	—			9,268		20,511		—			29,779
Deferred tax liability, net	126,415			—		10,818		—			137,233
Other liabilities and intercompany notes payable	32,209			62,805		409,355		(400,839		)	103,530
Total liabilities	2,857,295			995,710		665,643		(456,786		)	4,061,862
Commitments and contingencies
Redeemable noncontrolling interests	—			—		211,691		—			211,691
Stockholders’ deficiency:
AMC Networks stockholders’ (deficiency) equity	(39,277		)	2,797,938		845,069		(3,643,007		)	(39,277		)
Non-redeemable noncontrolling interests	—			—		30,639		—			30,639
Total stockholders’ (deficiency) equity	(39,277		)	2,797,938		875,708		(3,643,007		)	(8,638		)
Total liabilities and stockholders’ (deficiency) equity	$	2,818,018		$	3,793,648	$	1,753,042	$	(4,099,793	)	$	4,264,915

19

AMC NETWORKS INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

(Dollars in thousands, except per share amounts)

(unaudited)

Condensed Consolidating Statement of Income
Three Months Ended March 31, 2016
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues, net	$	—		$	554,326		$	154,737		$	(2,484	)	$	706,579
Operating expenses:
Technical and operating (excluding depreciation and amortization)	—			190,110			84,847			(683		)	274,274
Selling, general and administrative	—			114,357			41,348			(1,804		)	153,901
Restructuring expense (credit)	—			(70		)	35			—			(35		)
Depreciation and amortization	—			10,075			9,557			—			19,632
Total operating expenses	—			314,472			135,787			(2,487		)	447,772
Operating income	—			239,854			18,950			3			258,807
Other income (expense):
Interest expense, net	(30,572		)	9,293			(9,750		)	—			(31,029		)
Share of affiliates’ income (loss)	246,047			(770		)	—			(245,277		)	—
Loss on extinguishment of debt	(48,334		)	—			—			—			(48,334		)
Miscellaneous, net	(79		)	(21		)	(734		)	(3		)	(837		)
Total other income (expense)	167,062			8,502			(10,484		)	(245,280		)	(80,200		)
Income from operations before income taxes	167,062			248,356			8,466			(245,277		)	178,607
Income tax expense	(53,618		)	(2,309		)	(2,616		)	—			(58,543		)
Net income including noncontrolling interests	113,444			246,047			5,850			(245,277		)	120,064
Net income attributable to noncontrolling interests	—			—			(6,620		)	—			(6,620		)
Net income (loss) attributable to AMC Networks’ stockholders	$	113,444		$	246,047		$	(770	)	$	(245,277	)	$	113,444

Condensed Consolidating Statement of Income
Three Months Ended March 31, 2015
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues, net	$	—		$	539,444		$	129,463		$	(225	)	$	668,682
Operating expenses:
Technical and operating (excluding depreciation and amortization)	—			196,758			65,621			(206		)	262,173
Selling, general and administrative	—			118,486			36,091			2			154,579
Restructuring expense	—			114			542			—			656
Depreciation and amortization	—			8,967			11,560			—			20,527
Total operating expenses	—			324,325			113,814			(204		)	437,935
Operating income	—			215,119			15,649			(21		)	230,747
Other income (expense):
Interest expense, net	(20,353		)	(10,466		)	(1,768		)	—			(32,587		)
Share of affiliates’ income	275,985			4,385			—			(280,370		)	—
Miscellaneous, net	(76,315		)	69,315			(3,251		)	21			(10,230		)
Total other income (expense)	179,317			63,234			(5,019		)	(280,349		)	(42,817		)
Income from operations before income taxes	179,317			278,353			10,630			(280,370		)	187,930
Income tax expense	(58,398		)	(2,367		)	(489		)	—			(61,254		)
Net income including noncontrolling interests	120,919			275,986			10,141			(280,370		)	126,676
Net income attributable to noncontrolling interests	—			—			(5,756		)	—			(5,756		)
Net income attributable to AMC Networks’ stockholders	$	120,919		$	275,986		$	4,385		$	(280,370	)	$	120,920

20

AMC NETWORKS INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

(Dollars in thousands, except per share amounts)

(unaudited)

Condensed Consolidating Statement of Comprehensive Income
Three Months Ended March 31, 2016
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income including noncontrolling interest	$	113,444		$	246,047		$	5,850		$	(245,277	)	$	120,064
Other comprehensive income (loss):
Foreign currency translation adjustment	(2,845		)	(2,845		)	18,230			2,845			15,385
Unrealized gain on interest rate swaps	(1,578		)	—			—			—			(1,578		)
Other comprehensive (loss) income, before income taxes	(4,423		)	(2,845		)	18,230			2,845			13,807
Income tax expense	(1,899		)	—			—			—			(1,899		)
Other comprehensive (loss) income, net of income taxes	(6,322		)	(2,845		)	18,230			2,845			11,908
Comprehensive income (loss)	107,122			243,202			24,080			(242,432		)	131,972
Comprehensive income attributable to noncontrolling interests	—			—			(7,032		)	—			(7,032		)
Comprehensive income attributable to AMC Networks’ stockholders	$	107,122		$	243,202		$	17,048		$	(242,432	)	$	124,940

Condensed Consolidating Statement of Comprehensive Income
Three Months Ended March 31, 2015
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income including non controlling interest	$	120,919		$	275,986		$	10,141		$	(280,370	)	$	126,676
Other comprehensive income (loss):
Foreign currency translation adjustment	(71,711		)	(71,692		)	10,886			71,692			(60,825		)
Unrealized gain on interest rate swaps	696			—			—			—			696
Other comprehensive (loss) income, before income taxes	(71,015		)	(71,692		)	10,886			71,692			(60,129		)
Income tax expense	(2,279		)	—			—			—			(2,279		)
Other comprehensive (loss) income, net of income taxes	(73,294		)	(71,692		)	10,886			71,692			(62,408		)
Comprehensive income	47,625			204,294			21,027			(208,678		)	64,268
Comprehensive income attributable to noncontrolling interests	—			—			(4,332		)	—			(4,332		)
Comprehensive income attributable to AMC Networks’ stockholders	$	47,625		$	204,294		$	16,695		$	(208,678	)	$	59,936

21

AMC NETWORKS INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

(Dollars in thousands, except per share amounts)

(unaudited)

Condensed Consolidating Statement of Cash Flows
Three Months Ended March 31, 2016
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net cash provided by operating activities	$	204,100		$	193,453		$	19,383		$	(249,552	)	$	167,384
Cash flows from investing activities:
Capital expenditures	2			(8,151		)	(4,238		)	—			(12,387		)
(Increase) decrease to investment in affiliates	(160,665		)	(72,411		)	(13,181		)	246,257			—
Net cash used in investing activities	(160,663		)	(80,562		)	(17,419		)	246,257			(12,387		)
Cash flows from financing activities:
Proceeds from the issuance of long-term debt	982,500			—			—			—			982,500
Principal payments on long-term debt	(691,449		)	—			—			—			(691,449		)
Premium and fees paid on extinguishment of debt	(39,179		)	—			—			—			(39,179		)
Payments for financing costs	(2,070		)	—			—			—			(2,070		)
Deemed repurchases of restricted stock/units	(10,413		)	—			—			—			(10,413		)
Proceeds from stock option exercises	1,200			—			—			—			1,200
Excess tax benefits from share-based compensation arrangements	852			—			—			—			852
Principal payments on capital lease obligations	—			(597		)	(489		)	—			(1,086		)
Distributions to noncontrolling interest	—			—			(8,968		)	—			(8,968		)
Net cash provided by (used in) financing activities	241,441			(597		)	(9,457		)	—			231,387
Net increase (decrease) in cash and cash equivalents from operations	284,878			112,294			(7,493		)	(3,295		)	386,384
Effect of exchange rate changes on cash and cash equivalents	(5,844		)	(3,295		)	5,939			3,295			95
Cash and cash equivalents at beginning of period	434			148,260			167,627			—			316,321
Cash and cash equivalents at end of period	$	279,468		$	257,259		$	166,073		$	—		$	702,800

Condensed Consolidated Statement of Cash Flows
Three Months Ended March 31, 2015
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net cash provided by operating activities	$	223,495		$	111,816		$	25,373		$	(280,489	)	$	80,195
Cash flows from investing activities:
Capital expenditures	(9		)	(13,416		)	(4,823		)	—			(18,248		)
Payments for acquisitions, net of cash acquired	—			—			(6,581		)	—			(6,581		)
Acquisition of investments	—			(82		)	(25,128		)	—			(25,210		)
Increase to investment in affiliates	(122,915		)	(14,892		)	(70,990		)	208,797			—
Net cash used in investing activities	(122,924		)	(28,390		)	(107,522		)	208,797			(50,039		)
Cash flows from financing activities:
Principal payments on long-term debt	(18,500		)	—			—			—			(18,500		)
Deemed repurchases of restricted stock/units	(12,848		)	—			—			—			(12,848		)
Proceeds from stock option exercises	130			—			—			—			130
Excess tax benefits from share-based compensation arrangements	3,672			—			—			—			3,672
Principal payments on capital lease obligations	—			(542		)	(878		)	—			(1,420		)
Net cash used in financing activities	(27,546		)	(542		)	(878		)	—			(28,966		)
Net increase (decrease) in cash and cash equivalents from operations	73,025			82,884			(83,027		)	(71,692		)	1,190
Effect of exchange rate changes on cash and cash equivalents	(73,735		)	(71,692		)	65,485			71,692			(8,250		)
Cash and cash equivalents at beginning of period	1,581			83,676			116,110			—			201,367
Cash and cash equivalents at end of period	$	871		$	94,868		$	98,568		$	—		$	194,307

22

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

This Management’s Discussion and Analysis of Financial Condition and Results of Operations contains statements that constitute forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995. In this Management’s Discussion and Analysis of Financial Condition and Results of Operations there are statements concerning our future operating results and future financial performance. Words such as “expects,” “anticipates,” “believes,” “estimates,” “may,” “will,” “should,” “could,” “potential,” “continue,” “intends,” “plans” and similar words and terms used in the discussion of future operating results and future financial performance identify forward-looking statements. You are cautioned that any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties and that actual results or developments may differ materially from the forward-looking statements as a result of various factors. Factors that may cause such differences to occur include, but are not limited to:

•    the level of our revenues;

•    market demand for our programming networks and our programming;

•    demand for advertising inventory;

•    the highly competitive nature of the cable, telecommunications and digital programming industries;

• our ability to maintain and renew distribution or affiliation agreements with video programming distributors;

• the cost of, and our ability to obtain or produce, desirable programming content for our networks, other forms of distribution, including digital and licensing in international markets, as well as our independent film distribution businesses;

• market demand for our owned original programming and our independent film content;

•    the security of our program rights and other electronic data;

•    the loss of any of our key personnel and artistic talent;

•    changes in domestic and foreign laws or regulations under which we operate;

•    economic and business conditions and industry trends in the countries in which we operate;

•fluctuations in currency exchange rates and interest rates;

• changes in laws or treaties relating to taxation, or the interpretation thereof, in the U.S. or in the countries in which we operate;

•    our substantial debt and high leverage;

•    reduced access to capital markets or significant increases in costs to borrow;

•    the level of our expenses;

•    the level of our capital expenditures;

•    future acquisitions and dispositions of assets;

• our ability to successfully acquire new businesses and, if acquired, to integrate, and implement our plan with respect to businesses we acquire;

• problems we may discover post-closing with the operations, including the internal controls and financial reporting process, of businesses we acquire;

•changes in the nature of key strategic relationships with partners and joint ventures;

•    the outcome of litigation and other proceedings;

•whether pending uncompleted transactions, if any, are completed on the terms and at the times set forth (if at all);

•    other risks and uncertainties inherent in our programming businesses;

• financial community and rating agency perceptions of our business, operations, financial condition and the industry in which we operate;

• events that are outside our control, such as political unrest in international markets, terrorist attacks, natural disasters and other similar events; and

• the factors described under Item 1A, “Risk Factors” in our 2015 Annual Report on Form 10-K (the “2015 Form 10-K”), as filed with the Securities and Exchange Commission (“SEC”).

We disclaim any obligation to update or revise the forward-looking statements contained herein, except as otherwise required by applicable federal securities laws.

All dollar amounts and subscriber data included in the following Management’s Discussion and Analysis of Financial Condition and Results of Operations are presented in thousands.

23

Introduction

Management’s discussion and analysis, or MD&A, of our results of operations and financial condition is provided as a supplement to, and should be read in conjunction with, the unaudited condensed consolidated financial statements and notes thereto included elsewhere herein and our 2015 Form 10-K to enhance the understanding of our financial condition, changes in financial condition and results of our operations. Unless the context otherwise requires, all references to “we,” “us,” “our,” “AMC Networks” or the “Company” refer to AMC Networks Inc., together with its subsidiaries. MD&A is organized as follows:

Business Overview. This section provides a general description of our business and our operating segments, as well as other matters that we believe are important in understanding our results of operations and financial condition and in anticipating future trends.

Consolidated Results of Operations. This section provides an analysis of our results of operations for the three months ended March 31, 2016 compared to the three months ended March 31, 2015. Our discussion is presented on both a consolidated and operating segment basis. Our two operating segments are: (i) National Networks and (ii) International and Other.

Liquidity and Capital Resources. This section provides a discussion of our financial condition as of March 31, 2016, as well as an analysis of our cash flows for the three months ended March 31, 2016 and 2015. The discussion of our financial condition and liquidity includes summaries of (i) our primary sources of liquidity and (ii) our contractual obligations that existed at March 31, 2016 as compared to December 31, 2015.

Critical Accounting Policies and Estimates. This section provides an update, if any, to our significant accounting policies or critical accounting estimates since December 31, 2015.

Business Overview

We manage our business through the following two operating segments:

• National Networks: Principally includes activities of our programming businesses which include our five programming networks distributed in the U.S. and Canada. These programming networks include AMC, WE tv, BBC AMERICA, IFC and SundanceTV in the U.S.; and AMC, IFC, and Sundance Channel in Canada. Our programming businesses within the National Networks segment may also sell rights worldwide to their owned original programming. The National Networks operating segment also includes AMC Networks Broadcasting & Technology, the technical services business, which primarily services most of the programming networks included in the National Networks segment.

• International and Other: Principally includes AMC Networks International (“AMCNI”), the Company’s international programming businesses consisting of a portfolio of channels in Europe, Latin America, the Middle East and parts of Asia and Africa; IFC Films, the Company’s independent film distribution business; AMCNI - DMC, the broadcast solutions unit of certain networks of AMCNI and third-party networks, and various developing on-line content distribution initiatives.

24

Financial Results Overview

The tables presented below set forth our consolidated revenues, net, operating income (loss) and adjusted operating cash flow (“AOCF”), defined below, for the periods indicated.

	Three Months Ended March 31,
	2016			2015
Revenues, net
National Networks	$	598,635		$	562,848
International and Other	109,048			106,355
Inter-segment eliminations	(1,104		)	(521		)
Consolidated revenues, net	$	706,579		$	668,682
Operating income (loss)
National Networks	$	266,732		$	240,421
International and Other	(8,436		)	(9,955		)
Inter-segment eliminations	511			281
Consolidated operating income	$	258,807		$	230,747
AOCF
National Networks	$	280,952		$	253,258
International and Other	5,106			5,679
Inter-segment eliminations	511			281
Consolidated AOCF	$	286,569		$	259,218

We evaluate segment performance based on several factors, of which the primary financial measure is operating segment AOCF. We define 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, and restructuring expense or credit.

We believe 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, we use revenues, net and AOCF measures as the most important indicators of our business performance, and evaluate 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.

The following is a reconciliation of consolidated operating income to AOCF for the periods indicated:

	Three Months Ended March 31,
	2016			2015
Operating income	$	258,807		$	230,747
Share-based compensation expense	8,165			7,288
Restructuring expense (credit)	(35		)	656
Depreciation and amortization	19,632			20,527
AOCF	$	286,569		$	259,218

National Networks

In our National Networks segment, which accounted for 85% of our consolidated revenues for the three months ended March 31, 2016, we earn revenue principally from the distribution of our programming and the sale of advertising. Distribution revenue primarily includes affiliation fees paid by distributors to carry our programming networks and the licensing of original programming for digital, foreign and home video distribution. Affiliation fees paid by distributors represent the largest component of distribution revenue. Our affiliation fee revenues are generally based on a per subscriber fee under multi-year contracts, commonly referred to as “affiliation agreements,” which generally provide for rate increases. The specific affiliation fee revenues

25

we earn vary from period to period, distributor to distributor and also vary among our networks, but are generally based upon the number of each distributor’s subscribers who receive our programming, referred to as viewing subscribers. The terms of certain other affiliation agreements provide that the affiliation fee revenues we earn are a fixed contractual monthly fee, which could be adjusted for acquisitions and dispositions of multichannel video programming systems by the distributor. Revenue from the licensing of original programming for digital and foreign distribution is recognized upon availability or distribution by the licensee.

Under affiliation agreements with our distributors, we have the right to sell a specified amount of national advertising time on our programming networks. Our advertising revenues are more variable than affiliation fee revenues because the majority of our advertising is sold on a short-term basis, not under long-term contracts. Our advertising arrangements with advertisers provide for a set number of advertising units to air over a specific period of time at a negotiated price per unit for which our programming networks generally guarantee specified viewer ratings for their programming.

Our principal goal is to increase our revenues by increasing distribution and penetration of our services, and increasing our ratings. To do this, we must continue to contract for and produce high-quality, attractive programming. As competition for programming increases and alternative distribution technologies continue to emerge and develop in the industry, costs for content acquisition and original programming may increase. There is a concentration of subscribers in the hands of a few distributors, which could create disparate bargaining power between the largest distributors and us by giving those distributors greater leverage in negotiating the price and other terms of affiliation agreements.

Programming expense, included in technical and operating expense, represents the largest expense of the National Networks segment and primarily consists of amortization and impairments or write-offs of programming rights, such as those for original programming, feature films and licensed series, as well as participation and residual costs. The other components of technical and operating expense primarily include distribution and production related costs and program operating costs, such as origination, transmission, uplinking and encryption.

The success of our business depends on original programming, both scripted and unscripted, across all of our networks. In recent years, we have introduced a number of scripted original series. These series generally result in higher audience ratings for our networks than we achieve with other types of programming. Among other things, higher audience ratings drive increased revenues through higher advertising revenues. The timing of exhibition and distribution of original programming varies from period to period, which results in greater variability in our revenues, earnings and cash flows from operating activities. We will continue to increase our investment in programming across all of our channels. There may be significant changes in the level of our technical and operating expenses due to the amortization of content acquisition and/or original programming costs and/or the impact of management’s periodic assessment of programming usefulness. Such costs will also fluctuate with the level of revenues derived from owned original programming in each period as these costs are amortized based on the film-forecast-computation method.

Most original series require us to make up-front investments, which are often significant amounts. Not all of our programming efforts are commercially successful, which could result in a write-off of program rights. If it is determined that programming rights have no future programming usefulness based on actual demand or market conditions, a write-off of the unamortized cost is recorded in technical and operating expense. There were no program rights write-offs recorded for the three months ended March 31, 2016. Program rights write-offs of $9,575 were recorded for the three months ended March 31, 2015.

International and Other

Our International and Other segment primarily includes the operations of AMC Networks International and IFC Films.

In our International and Other segment, which accounted for 15% of our consolidated revenues for the three months ended March 31, 2016, we earn revenue principally from the international distribution of programming and to a lesser extent, the sale of advertising. Distribution revenue primarily includes affiliation fees paid by distributors to carry our programming networks. Our affiliation fee revenues are generally based on either a per subscriber fee or a fixed contractual monthly fee, under affiliation agreements, which may provide for annual rate increases. Most of these revenues are derived primarily from Europe and to a lesser extent, Latin America, the Middle East and parts of Asia and Africa. The International and Other segment also includes IFC Films, our independent film distribution business where revenues are derived principally from theatrical, digital and licensing distribution.

Programming and program operating costs, included in technical and operating expense, represents the largest expense of the International and Other segment and primarily consists of amortization of acquired content, costs of dubbing and sub-titling of programs and participation costs. Program operating costs include costs such as origination, transmission, uplinking and encryption. 

We view our international expansion as an important long-term strategy. We may experience an adverse impact to the International and Other segment’s operating results and cash flows in periods of increased international investment by the Company. Similar to our domestic businesses, the most significant business challenges we expect to encounter in our international business include programming competition (from both foreign and domestic programmers), limited channel capacity on distributors’

26

platforms, the change in the number of subscribers on those platforms and economic pressures on affiliation fees. Other significant business challenges unique to our international operations include increased programming costs for international rights and translation (i.e. dubbing and subtitling), a lack of availability of international rights for a portion of our domestic programming content, increased distribution costs for cable, satellite or fiber feeds and a limited physical presence in some territories, and our exposure to foreign currency exchange rate risk. See also the risk factors described under Item 1A, “Risk Factors - We face risks from doing business internationally” in our 2015 Form 10-K.

Corporate Expenses

We allocate corporate overhead to each segment based upon its proportionate estimated usage of services. The segment financial information set forth below, including the discussion related to individual line items, does not reflect inter-segment eliminations unless specifically indicated.

Impact of Economic Conditions

Our future performance is dependent, to a large extent, on general economic conditions including the impact of direct competition, our ability to manage our businesses effectively, and our relative strength and leverage in the marketplace, both with suppliers and customers.

Capital and credit market disruptions could cause economic downturns, which may lead to lower demand for our products, such as lower demand for television advertising and a decrease in the number of subscribers receiving our programming networks from our distributors. Events such as these may adversely impact our results of operations, cash flows and financial position.

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Consolidated Results of Operations

The amounts presented and discussed below represent 100% of each operating segment’s revenues, net and expenses. Where we have management control of an entity, we consolidate 100% of such entity in our consolidated statements of operations notwithstanding that a third-party owns a significant interest in such entity. The noncontrolling owner’s interest in the operating results of majority-owned subsidiaries are reflected in net income attributable to noncontrolling interests in our consolidated statements of operations.

Three Months Ended March 31, 2016 Compared to Three Months Ended March 31, 2015

The following table sets forth our consolidated results of operations for the periods indicated.

	Three Months Ended March 31,
	2016					2015
	Amount			% of Revenues, net		Amount			% of Revenues, net		$ change			% change
Revenues, net	$	706,579		100.0	%	$	668,682		100.0	%	$	37,897		5.7	%
Operating expenses:
Technical and operating (excluding depreciation and amortization)	274,274			38.8		262,173			39.2		12,101			4.6
Selling, general and administrative	153,901			21.8		154,579			23.1		(678		)	(0.4	)
Restructuring (credit) expense	(35		)	—		656			0.1		(691		)	(105.3	)
Depreciation and amortization	19,632			2.8		20,527			3.1		(895		)	(4.4	)
Total operating expenses	447,772			63.4		437,935			65.5		9,837			2.2
Operating income	258,807			36.6		230,747			34.5		28,060			12.2
Other income (expense):
Interest expense, net	(31,029		)	(4.4	)	(32,587		)	(4.9	)	1,558			(4.8	)
Loss on extinguishment of debt	(48,334		)	(6.8	)	—			—		(48,334		)	n/m
Miscellaneous, net	(837		)	(0.1	)	(10,230		)	(1.5	)	9,393			(91.8	)
Total other income (expense)	(80,200		)	(11.4	)	(42,817		)	(6.4	)	(37,383		)	87.3
Net income from operations before income taxes	178,607			25.3		187,930			28.1		(9,323		)	(5.0	)
Income tax expense	(58,543		)	(8.3	)	(61,254		)	(9.2	)	2,711			(4.4	)
Income from operations	120,064			17.0		126,676			18.9		(6,612		)	(5.2	)
Net income including noncontrolling interests	120,064			17.0		126,676			18.9		(6,612		)	(5.2	)
Net income attributable to noncontrolling interests	(6,620		)	(0.9	)	(5,756		)	(0.9	)	(864		)	15.0	%
Net income attributable to AMC Networks’ stockholders	$	113,444		16.1	%	$	120,920		18.1	%	$	(7,476	)	(6.2	)%

The following is a reconciliation of our consolidated operating income to AOCF:

	Three Months Ended March 31,
	2016			2015		$ change			% change
Operating income	$	258,807		$	230,747	$	28,060		12.2	%
Share-based compensation expense	8,165			7,288		877			12.0
Restructuring (credit) expense	(35		)	656		(691		)	(105.3	)
Depreciation and amortization	19,632			20,527		(895		)	(4.4	)
Consolidated AOCF	$	286,569		$	259,218	$	27,351		10.6	%

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National Networks Segment Results

The following table sets forth our National Networks segment results for the periods indicated.

	Three Months Ended March 31,
	2016				2015
	Amount		% of Revenues, net		Amount		% of Revenues, net		$ change			% change
Revenues, net	$	598,635	100.0	%	$	562,848	100.0	%	$	35,787		6.4	%
Operating expenses:
Technical and operating (excluding depreciation and amortization)	206,139		34.4		196,925		35.0		9,214			4.7
Selling, general and administrative	117,765		19.7		118,075		21.0		(310		)	(0.3	)
Restructuring expense	30		—		66		—		(36		)	(54.5	)
Depreciation and amortization	7,969		1.3		7,361		1.3		608			8.3
Operating income	$	266,732	44.6	%	$	240,421	42.7	%	$	26,311		10.9	%
Share-based compensation expense	6,221		1.0		5,410		1.0		811			15.0
Depreciation and amortization	7,969		1.3		7,361		1.3		608			8.3
Restructuring expense	30		—		66		—		(36		)	(54.5	)
AOCF	$	280,952	46.9	%	$	253,258	45.0	%	$	27,694		10.9	%

International and Other Segment Results

The following table sets forth our International Networks segment results for the periods indicated.

	Three Months Ended March 31,
	2016					2015
	Amount			% of Revenues, net		Amount			% of Revenues, net		$ change			% change
Revenues, net	$	109,048		100.0	%	$	106,355		100.0	%	$	2,693		2.5	%
Operating expenses:
Technical and operating (excluding depreciation and amortization)	69,745			64.0		66,038			62.1		3,707			5.6
Selling, general and administrative	36,141			33.1		36,516			34.3		(375		)	(1.0	)
Restructuring (credit) expense	(65		)	(0.1	)	590			0.6		(655		)	(111.0	)
Depreciation and amortization	11,663			10.7		13,166			12.4		(1,503		)	(11.4	)
Operating loss	$	(8,436	)	(7.7	)%	$	(9,955	)	(9.4	)%	$	1,519		(15.3	)%
Share-based compensation expense	1,944			1.8		1,878			1.8		66			3.5
Depreciation and amortization	11,663			10.7		13,166			12.4		(1,503		)	(11.4	)
Restructuring expense	(65		)	(0.1	)	590			0.6		(655		)	(111.0	)
AOCF	$	5,106		4.7	%	$	5,679		5.3	%	$	(573	)	(10.1	)%

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Revenues, net

Revenues, net increased $37,897 to $706,579 for the three months ended March 31, 2016 as compared to the three months ended March 31, 2015. The net change by segment was as follows:

	Three Months Ended March 31,
	2016			% of total		2015			% of total		$ change			% change
National Networks	$	598,635		84.7	%	$	562,848		84.2	%	$	35,787		6.4	%
International and Other	109,048			15.4		106,355			15.9		2,693			2.5
Inter-segment eliminations	(1,104		)	(0.2	)	(521		)	(0.1	)	(583		)	111.9
Consolidated revenues, net	$	706,579		100.0	%	$	668,682		100.0	%	$	37,897		5.7	%

National Networks

The increase in National Networks revenues, net was attributable to the following:

	Three Months Ended March 31,
	2016		% of total		2015		% of total		$ change		% change
Advertising	$	263,852	44.1	%	$	260,439	46.3	%	$	3,413	1.3	%
Distribution	334,783		55.9		302,409		53.7		32,374		10.7
	$	598,635	100.0	%	$	562,848	100.0	%	$	35,787	6.4	%

• The increase of $3,413 in advertising revenues was driven by higher pricing due to an increased demand for our programming by advertisers at our We TV, SundanceTV, BBC AMERICA and IFC networks, partially offset by a decrease at AMC due to the lower number of hours of our original programming as compared to the same period in 2015. Most of our advertising revenues vary based on the timing of our original programming series and the popularity of our programming as measured by Nielsen. Due to these factors, we expect advertising revenues to vary from quarter to quarter.

• Distribution revenues increased $32,374 due to an increase of $22,763 principally from digital distribution and licensing revenues derived from our original programming, principally at AMC. In addition, affiliation fee revenues increased due to an increase in rates, primarily at AMC, as compared to the same period in 2015. Distribution revenues vary based on the impact of renewals of affiliation agreements and the timing of availability of our programming to distributors. Because of these factors, we expect distribution revenues to vary from quarter to quarter.

International and Other

The increase in International and Other revenues, net was attributable to the following:

	Three Months Ended March 31,
	2016		% of total		2015		% of total		$ change			% change
Advertising	$	22,825	20.9	%	$	18,803	17.7	%	$	4,022		21.4	%
Distribution	86,223		79.1		87,552		82.3		(1,329		)	(1.5	)
	$	109,048	100.0	%	$	106,355	100.0	%	$	2,693		2.5	%

The increase in advertising revenues is principally due to increased demand for our programming at AMC Networks International by advertisers, partially offset by the unfavorable impact of foreign currency translation of $1,125. The decrease in distribution revenues is the result of the unfavorable foreign currency translation impact of $3,380 at AMCNI and a decrease at IFC Films due to the strong performance of Boyhood in 2015, partially offset by expanded distribution at AMCNI.

Technical and operating expense (excluding depreciation and amortization)

The components of technical and operating expense primarily include the amortization and impairments or write-offs of program rights, such as those for original programming, feature films and licensed series, participation and residual costs, distribution and production related costs and program operating costs, such as origination, transmission, uplinking and encryption.

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Technical and operating expense (excluding depreciation and amortization) increased $12,101 to $274,274 for the three months ended March 31, 2016 as compared to the three months ended March 31, 2015. The net change by segment was as follows:

	Three Months Ended March 31,
	2016			2015			$ change			% change
National Networks	$	206,139		$	196,925		$	9,214		4.7	%
International and Other	69,745			66,038			3,707			5.6
Inter-segment eliminations	(1,610		)	(790		)	(820		)	103.8
Total	$	274,274		$	262,173		$	12,101		4.6	%
Percentage of revenues, net	38.8		%	39.2		%

National Networks

The increase in the National Networks segment was attributable to an increase of $10,927 for other direct programming related costs, primarily participation and residuals, partially offset by a decrease in program rights amortization expense of $1,713. The decrease in program rights amortization expense is due to the absence of program rights write-offs for the three months ended March 31, 2016 as compared to the same period in 2015, partially offset by increased investment in our original series. Program rights amortization expense for the three months ended March 31, 2015 included write-offs of $9,575 of certain pilot costs and unscripted series at AMC and WE tv based on management’s assessment of programming usefulness.

There may be significant changes in the level of our technical and operating expenses due to content acquisition and/or original programming costs and/or the impact of management’s periodic assessment of programming usefulness. Such costs will also fluctuate with the level of revenues derived from owned original programming in each period as these costs are amortized based on the film-forecast-computation method. As additional competition for programming increases and alternate distribution technologies continue to develop in the industry, costs for content acquisition and original programming may increase.

International and Other

The increase in the International and Other segment was primarily due to an increase in program rights amortization expense and other direct programming related costs due to the increased investment in original programming. Foreign currency translation had a favorable impact to the change in technical and operating expense of approximately $2,600.

Selling, general and administrative expense

The components of selling, general and administrative expense primarily include sales, marketing and advertising expenses, administrative costs and costs of facilities.

Selling, general and administrative expense decreased $678 to $153,901 for the three months ended March 31, 2016, as compared to the three months ended March 31, 2015. The net change by segment was as follows:

	Three Months Ended March 31,
	2016			2015			$ change			% change
National Networks	$	117,765		$	118,075		$	(310	)	(0.3	)%
International and Other	36,141			36,516			(375		)	(1.0	)
Inter-segment eliminations	(5		)	(12		)	7			(58.3	)
Total	$	153,901		$	154,579		$	(678	)	(0.4	)%
Percentage of revenues, net	21.8		%	23.1		%

National Networks

Selling, general and administrative expense in the National Networks segment was relatively unchanged for the three months ended March 31, 2016 as compared to the three months ended March 31, 2015.

There may be significant changes in the level of our selling, general and administrative expense from quarter to quarter and year to year due to the timing of promotion and marketing of original programming series and subscriber retention marketing efforts.

International and Other    

Selling, general and administrative expense in the International and Other segment was relatively unchanged for the three months ended March 31, 2016 as compared to the three months ended March 31, 2015. Foreign currency translation had a favorable impact to the change in selling, general and administrative expense of approximately $1,500.

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Depreciation and amortization

Depreciation and amortization expense remained relatively consistent for the three months ended March 31, 2016, as compared to the three months ended March 31, 2015. The net change by segment was as follows:

	Three Months Ended March 31,
	2016		2015		$ change			% change
National Networks	$	7,969	$	7,361	$	608		8.3	%
International and Other	11,663		13,166		(1,503		)	(11.4	)
	$	19,632	$	20,527	$	(895	)	(4.4	)%

The increase in depreciation and amortization expense in the National Networks segment was primarily attributable to an increase in depreciation expense due to an increase in property and equipment. The decrease in depreciation and amortization expense in the International and Other segment was attributable to a decrease in an asset retirement obligation.

AOCF

AOCF increased $27,351 for the three months ended March 31, 2016 as compared to the three months ended March 31, 2015. The net change by segment was as follows:

	Three Months Ended March 31,
	2016		2015		$ change			% change
National Networks	$	280,952	$	253,258	$	27,694		10.9	%
International and Other	5,106		5,679		(573		)	(10.1	)
Inter-segment eliminations	511		281		230			81.9
AOCF	$	286,569	$	259,218	$	27,351		10.6	%

National Networks AOCF increased principally due to an increase in revenues, net of $35,787, partially offset by an increase in technical and operating expenses of $9,214 resulting primarily from an increase in other direct programming related costs. As a result of the factors discussed above impacting the variability in revenues and operating expenses, we expect AOCF to vary from quarter to quarter.

International and Other AOCF decreased slightly due to an increase in revenues, net of $2,693 and a decrease in selling, general and administrative expenses of $441, offset by an increase in technical and operating expenses of $3,707. Foreign currency translation had an unfavorable impact on AOCF of approximately $400.

Loss on extinguishment of debt

The loss on extinguishment of debt for the three months ended March 31, 2016 of $48,334 represents $39,179 of premium paid and related fees on the early redemption of our 7.75% Notes as well as a write-off of the related unamortized discount of $8,185 and unamortized deferred financing costs of $970. See further discussion below.

Miscellaneous, net

The decrease in miscellaneous, net of $9,393 for the three months ended March 31, 2016 as compared to the three months ended March 31, 2015 is primarily the result of a decrease in foreign currency transaction losses of $8,882 principally due to the settling of an intercompany loan in the second quarter of 2015 denominated in a currency other than the underlying functional currency of the lender.

Income tax expense

For the three months ended March 31, 2016, income tax expense attributable to continuing operations was $58,543, representing an effective tax rate of 33%. The items resulting in variances from the federal statutory rate of 35% include state income tax expense of $3,215, tax benefit from foreign subsidiary earnings indefinitely reinvested outside the U.S. of $3,465, tax benefit from the domestic production activities deduction of $5,322 and tax expense of $2,000 for an increase in valuation allowances for foreign taxes.

For the three months ended March 31, 2015, income tax expense attributable to continuing operations was $61,254, representing an effective tax rate of 33%. The items resulting in variances from the federal statutory rate of 35% include state income tax expense of $3,834, tax benefit from foreign subsidiary earnings indefinitely reinvested outside the U.S. of $5,262, tax benefit from the domestic production activities deduction of $5,168 and tax expense of $2,831 for an increase in valuation allowances for foreign taxes.

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Liquidity and Capital Resources

Our operations have historically generated positive net cash flow from operating activities. However, each of our programming businesses has substantial programming acquisition and production expenditure requirements.

Sources of cash primarily include cash flow from operations, amounts available under our revolving credit facility (as described below) and access to capital markets. Although we currently believe that amounts available under our revolving credit facility will be available when and if needed, we can provide no assurance that access to such funds will not be impacted by adverse conditions in the financial markets. As a public company, we may have access to other sources of capital such as the public bond markets. On March 23, 2016 we filed a Registration Statement on Form S-3 (“Shelf Registration”) with the SEC in which we registered debt securities.

In connection with the Shelf Registration, on March 30, 2016, we issued $1,000,000 in aggregate principal amount of 5.00% senior notes, net of an issuance discount of $17,500, due 2024 (the “5.00% Notes”). We used a portion of the net proceeds of this offering to make a cash tender (“Tender Offer”) for our outstanding 7.75% senior notes due 2021 (the “7.75% Notes”) at a price of $1,058.57 per $1,000 principal amounts of notes plus accrued and unpaid interest. Pursuant to the Tender Offer, we purchased approximately $654,000 principal amount of the 7.75% Notes for a purchase price of approximately $703,000 including accrued and unpaid interest of $10,567 and related fees. Approximately $46,000 of the 7.75% Notes remain outstanding. See “Debt Financing Agreements” below.

Our principal uses of cash include the acquisition and production of programming, investments and acquisitions, debt service, repurchases of outstanding debt and common stock and payments for income taxes. We continue to increase our investment in original programming, the funding of which generally occurs six to nine months in advance of a program’s airing. We expect this increased investment to continue in 2016. The required principal payments on our Term Loan A facility over the next twelve months will be $166,500. As of March 31, 2016, our consolidated cash and cash equivalents balance includes approximately $72,542 held by foreign subsidiaries, some of which have earnings that have not been subject to U.S. tax. Repatriation of earnings not previously subject to U.S. tax would generally require us to accrue and pay U.S. tax on such amount. Our consolidated financial statements provide for any related tax liability on amounts that may be repatriated, aside from undistributed earnings of certain of our foreign subsidiaries that are intended to be permanently reinvested or repatriated in a tax-free manner. The amount of such undistributed earnings was approximately $46,000 as of March 31, 2016. Determination of the amount of unrecognized deferred tax liability for temporary differences related to these earnings is not practicable. 

We believe that a combination of cash-on-hand, cash generated from operating activities and availability under our revolving credit facility will provide sufficient liquidity to service the principal and interest payments on our indebtedness, along with our other funding and investment requirements over the next twelve months and over the longer term. However, we do not expect to generate sufficient cash from operations to repay at maturity the entirety of the then outstanding balances of our debt. As a result, we will then be dependent upon our ability to access the capital and credit markets in order to repay or refinance the outstanding balances of our indebtedness. Failure to raise significant amounts of funding to repay these obligations at maturity would adversely affect our business. In such a circumstance, we would need to take other actions including selling assets, seeking strategic investments from third parties or reducing other discretionary uses of cash.

Our level of debt could have important consequences on our business including, but not limited to, increasing our vulnerability to general adverse economic and industry conditions, limiting the availability of our cash flow to fund future programming investments, capital expenditures, working capital, business activities and other general corporate requirements and limiting our flexibility in planning for, or reacting to, changes in our business and the industry in which we operate. For information relating to our outstanding debt obligations, refer to Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations - Debt Financing Agreements” of our 2015 Form 10-K and the discussion below under Debt Financing Agreements.

In addition, economic or market disruptions could lead to lower demand for our services, such as lower levels of advertising. These events would adversely impact our results of operations, cash flows and financial position.

The revolving credit facility was not drawn upon at March 31, 2016. The total undrawn revolver commitment is available to be drawn for our general corporate purposes.

AMC Networks was in compliance with all of its debt covenants as of March 31, 2016.

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Cash Flow Discussion

The following table is a summary of cash flows provided by (used in) continuing operations and discontinued operations for the three months ended March 31:

	2016			2015
Cash provided by operating activities	$	167,384		$	80,195
Cash used in investing activities	(12,387		)	(50,039		)
Cash provided by (used in) financing activities	231,387			(28,966		)
Net increase in cash and cash equivalents	386,384			1,190

Operating Activities

Net cash provided by operating activities amounted to $167,384 for the three months ended March 31, 2016 as compared to $80,195 for the three months ended March 31, 2015. Net cash provided by operating activities for the three months ended March 31, 2016 primarily resulted from $388,758 of net income before amortization of program rights, loss on extinguishment of debt, depreciation and amortization, and other non-cash items, which was partially offset by payments for program rights of $192,194, a decrease in accounts payable, accrued expenses and other liabilities of $68,886 primarily related to lower employee related liabilities and an increase in accounts receivable, trade of $9,442 primarily related to timing of cash receipts. Additionally, net cash provided by operating activities increased due to an increase in taxes payable of $37,398, an increase in deferred revenue of $3,952 primarily related to advertising arrangements and a decrease in prepaid expenses and other assets of $7,850.

Net cash provided by operating activities amounted to $80,195 for the three months ended March 31, 2015 and primarily resulted from $345,255 of net income before amortization of program rights, depreciation and amortization, and other non-cash items, which was partially offset by payments for program rights of $178,203, an increase in accounts receivable, trade of $98,392 primarily related to timing of cash receipts and a decrease in accounts payable, accrued expenses and other liabilities of $23,445. Additionally, net cash provided by operating activities increased due to an increase in taxes payable of $38,352 and changes in all other assets and liabilities resulted in a decrease of $3,372.

Investing Activities

Net cash used in investing activities for the three months ended March 31, 2016 and 2015 was $12,387 and $50,039, respectively. Capital expenditures were $12,387 and $18,248 for the three months ended March 31, 2016 and 2015, respectively. For the three months ended March 31, 2015, net cash used in investing activities primarily related to the payment for the acquisition of a small international channel, net of cash acquired of $6,581 and purchases of investments of $25,210.

Financing Activities

Net cash provided by financing activities amounted to $231,387 for the three months ended March 31, 2016 as compared to net cash used in financing activities of $28,966 for the three months ended March 31, 2015. For the three months ended March 31, 2016, financing activities primarily consisted of cash provided by the issuance of $1,000,000 of 5.00% Notes, net of an issuance discount of $17,500, offset by principal payments on long term debt of $691,449 which included the repayment of $654,000 of the Company’s 7.75% Notes pursuant to the Tender Offer, as well as the scheduled repayment of principal on the Company’s Term A loan facility of $37,000. In addition, net cash used in financing activities includes premium payments and fees for the tender offer of $39,179, taxes paid in lieu of shares issued for equity-based compensation of $10,413 and distributions to noncontrolling interest of $8,968.

Net cash used in financing activities amounted to $28,966 for the three months ended March 31, 2015 and consisted of principal payments on long-term debt of $18,500, taxes paid in lieu of shares issued for equity-based compensation of $12,848 and principal payments on capital leases of $1,420, partially offset by the excess tax benefits from share-based compensation arrangements of $3,672 and proceeds from stock option exercises of $130.

Debt Financing Agreements

5.00% Notes due 2024

As noted above, on March 30, 2016, we issued the 5.00% Notes. We used the net proceeds of this offering to fund the Tender Offer of the 7.75% Notes with the remaining proceeds to be used for general corporate purposes, which may include the redemption of any of the 7.75% Notes not tendered. The 5.00% Notes were issued pursuant to an indenture dated as of March 30, 2016 (the “5.00% Notes Indenture”).

In connection with the issuance of the 5.00% Notes, AMC Networks incurred deferred financing costs of $2,070, which are being amortized, using the effective interest method, to interest expense over the term of the 5.00% Notes.

Interest on the 5.00% Notes is payable semi-annually in arrears on April 1 and October 1 of each year.

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The 5.00% Notes may be redeemed, in whole or in part, at any time on or after April 1, 2020, at a redemption price equal to 102.5% of the principal amount thereof (plus accrued and unpaid interest thereon, if any, to the date of such redemption), declining annually to 100% of the principal amount thereof (plus accrued and unpaid interest thereon, if any, to the date of such redemption) beginning on April 1, 2022.

The 5.00% Notes are guaranteed on a senior unsecured basis by certain of AMC Networks’ existing and future domestic restricted subsidiaries, in accordance with the 5.00% Notes Indenture. The guarantees under the 5.00% Notes are full and unconditional and joint and several.

The 5.00% Notes Indenture contains certain affirmative and negative covenants applicable to AMC Networks and its restricted subsidiaries including restrictions on their ability to incur additional indebtedness, consummate certain assets sales, make investments in entities that are not restricted subsidiaries, create liens on their assets, enter into certain affiliate transactions and make certain restricted payments, including restrictions on AMC Networks’ ability to pay dividends on, or repurchase, its common stock.

7.75% Notes due 2021 Tender Offer

We used a portion of the net proceeds of the 5.00% Notes for the Tender Offer for the 7.75% notes due at a price of $1,058.57 per $1,000 principal amounts of notes plus accrued and unpaid interest. Pursuant to the Tender Offer, the Company purchased approximately $654,000 principal amount of the 7.75% Notes for a purchase price of approximately $703,000 including accrued and unpaid interest of $10,567 and related fees. Approximately $46,000 of the 7.75% Notes remain outstanding.

The Company has accepted for payment all 7.75% Notes validly tendered prior to the Expiration Date pursuant to the Tender Offer. Such tendering holders received the purchase price in the amount of $1,058.57 for each $1,000 principal amount of 7.75% Notes tendered, plus accrued and unpaid interest to, but not including, the date hereof.

In connection with the Tender Offer, the Company recorded a loss on extinguishment of debt of $48,334 for the three months ended March 31, 2016 which includes $39,179 related to the excess of the redemption price, premium paid and related fees associated with the closing of the Tender Offer and unamortized issuance discount and deferred financing fees related to the 7.75% Notes of $8,185 and $970, respectively.

Contractual Obligations

As of March 31, 2016, our contractual obligations not reflected on the condensed consolidated balance sheet increased$28,970 to $1,545,033 as compared to $1,516,063 at December 31, 2015. The increase relates primarily to program rights obligations.

Critical Accounting Policies and Estimates

We describe our significant accounting policies in Note 2 to the Company’s Consolidated Financial Statements included in our 2015 Form 10-K. We discuss our critical accounting estimates in Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” in the same 2015 Form 10-K. There have been no significant changes in our significant accounting policies or critical accounting estimates since December 31, 2015.

Recently Issued Accounting Pronouncements

See Note 1 to the accompanying Condensed Consolidated Financial Statements of the Company for a discussion of recently issued accounting pronouncements.

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

All dollar amounts included in the following discussion under this Item 3 are presented in thousands.

Fair Value of Debt

Based on the level of interest rates prevailing at March 31, 2016, the fair value of our fixed rate debt of $1,655,943 was more than its carrying value of $1,616,710 by $39,233. The fair value of these financial instruments is estimated based on reference to quoted market prices for these or comparable securities. A hypothetical 100 basis point decrease in interest rates prevailing at March 31, 2016 would increase the estimated fair value of our fixed rate debt by approximately $79,260 to approximately $1,735,203.

Managing our Interest Rate Risk

To manage interest rate risk, we enter into interest rate swap contracts from time to time to adjust the amount of total debt that is subject to variable interest rates. Such contracts effectively fix the borrowing rates on floating rate debt to limit the exposure against the risk of rising rates. We do not enter into interest rate swap contracts for speculative or trading purposes and we only enter into interest rate swap contracts with financial institutions that we believe are creditworthy counterparties. We monitor the

35

financial institutions that are counterparties to our interest rate swap contracts and to the extent possible diversify our swap contracts among various counterparties to mitigate exposure to any single financial institution.

As of March 31, 2016, we had $2,968,190 of debt outstanding (excluding capital leases), of which $1,351,480 is outstanding under the credit facility and is subject to variable interest rates (before consideration of the interest rate swaps contracts described below).

As of March 31, 2016, we had interest rate swap contracts outstanding with notional amounts aggregating $400,000. The aggregate fair value of interest rate swap contracts at March 31, 2016 was a net liability of $2,346. As a result of these transactions, the interest rate paid on approximately 68% of the Company’s debt (excluding capital leases) as of March 31, 2016 is effectively fixed (54% being fixed rate obligations and 14% effectively fixed through utilization of these interest rate swap contracts). Accumulated other comprehensive loss includes $623 of cumulative unrealized losses, net of tax, on the portion of floating-to-fixed interest rate swap contracts designated as cash flow hedges. At March 31, 2016, our interest rate swap contracts designated as cash flow hedges were highly effective, in all material respects.

A hypothetical 100 basis point increase in interest rates prevailing at March 31, 2016 would not have a material impact on our annual interest expense.

Managing our Foreign Currency Exchange Rate Risk

We are exposed to foreign currency risk to the extent that we enter into transactions denominated in currencies other than our subsidiaries' respective functional currencies (non-functional currency risk), such as affiliation agreements, programming contracts, certain trade receivables and accounts payable (including intercompany amounts) that are denominated in a currency other than the applicable functional currency. Changes in exchange rates with respect to amounts recorded in our consolidated balance sheets related to these items will result in unrealized (based upon period-end exchange rates) or realized foreign currency transaction gains and losses upon settlement of the transactions. Moreover, to the extent that our revenue, costs and expenses are denominated in currencies other than our respective functional currencies, we will experience fluctuations in our revenue, costs and expenses solely as a result of changes in foreign currency exchange rates. The Company recognized $2,607 of foreign currency transaction losses, net for the three months ended March 31, 2016. Such amount is included in miscellaneous, net in the condensed consolidated statement of income.

As a result of our international expansion in recent years, we expect the exposure to foreign currency fluctuations will have a more significant impact on our financial position and results of operations.

To manage foreign currency exchange rate risk, we may enter into foreign currency contracts from time to time with financial institutions to limit our exposure to fluctuations in foreign currency exchange rates. We do not enter into foreign currency contracts for speculative or trading purposes.

We also are exposed to fluctuations of the U.S. dollar (our reporting currency) against the currencies of our operating subsidiaries when their respective financial statements are translated into U.S. dollars for inclusion in our condensed consolidated financial statements. Cumulative translation adjustments are recorded in accumulated other comprehensive income (loss) as a separate component of equity. Any increase (decrease) in the value of the U.S. dollar against any foreign currency that is the functional currency of one of our operating subsidiaries will cause us to experience unrealized foreign currency translation losses (gains) with respect to amounts already invested in such foreign currencies. Accordingly, we may experience a negative impact on our comprehensive income (loss) and equity with respect to our holdings solely as a result of changes in foreign currency exchange rates.

Item 4. Controls and Procedures.

Disclosure Controls and Procedures

An evaluation was carried out under the supervision and with the participation of the Company’s management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended). Based upon that evaluation as of March 31, 2016, the Company’s Chief Executive Officer and Chief Financial Officer concluded that the Company’s disclosure controls and procedures are effective.

Changes in Internal Control over Financial Reporting

During the three months ended March 31, 2016, there were no changes in the Company’s internal control over financial reporting, that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

36

PART II. OTHER INFORMATION

Item 1. Legal Proceedings.

Since our 2015 Form 10-K, there have been no material developments in legal proceedings in which we are involved. See Note 10, Commitments and Contingencies to the condensed consolidated financial statements included in this Quarterly Report on Form 10-Q.

Item 6. Exhibits.

(a) Index to Exhibits.

31.1	Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2	Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32	Certifications of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350.
101.INS	XBRL Instance Document.
101.SCH	XBRL Taxonomy Extension Schema Document.
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF	XBRL Taxonomy Extension Definition Linkbase.
101.LAB	XBRL Taxonomy Extension Label Linkbase Document.
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document.

37

SIGNATURES

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

			AMC Networks Inc.
Date:	May 5, 2016	By:	/s/ Sean S. Sullivan
			Sean S. Sullivan
			Executive Vice President and Chief Financial Officer

38

EX-31.1

Exhibit 31.1

I, Joshua W. Sapan, certify that:

1. I have reviewed this quarterly report on Form 10-Q of AMC Networks Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;

4. The Registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)), for the Registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

5. The Registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

Date:	May 5, 2016	By:	/s/ Joshua W. Sapan
			Joshua W. Sapan
			President and Chief Executive Officer

EX-31.2

Exhibit 31.2

I, Sean S. Sullivan, certify that:

1. I have reviewed this quarterly report on Form 10-Q of AMC Networks Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;

4. The Registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)), for the Registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

5. The Registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

Date:	May 5, 2016	By:	/s/ Sean S. Sullivan
			Sean S. Sullivan
			Executive Vice President and Chief Financial Officer

EX-32

Exhibit 32

Certifications

Pursuant to 18 U.S.C. § 1350, each of the undersigned officers of AMC Networks Inc. (“AMC Networks”) hereby certifies, to such officer’s knowledge, that AMC Networks’ Quarterly Report on Form 10-Q for the quarter ended March 31, 2016 (the “Report”) fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934, and that the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of AMC Networks.

Date:	May 5, 2016	By:	/s/ Joshua W. Sapan
			Joshua W. Sapan
			President and Chief Executive Officer

Date:	May 5, 2016	By:	/s/ Sean S. Sullivan
			Sean S. Sullivan
			Executive Vice President and Chief Financial Officer

XML

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2016	Apr. 29, 2016
Entity Registrant Name	AMC Networks Inc.
Entity Central Index Key	0001514991
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q1
Amendment Flag	false
Common Class A [Member]
Entity Common Stock, Shares Outstanding		61,190,329
Common Class B [Member]
Entity Common Stock, Shares Outstanding		11,484,408

XML

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Current Assets:
Cash and cash equivalents	$ 702,800	$ 316,321
Accounts receivable, trade (less allowance for doubtful accounts of $4,864 and $4,307)	685,144	674,611
Amounts due from related parties, net	2,981	4,062
Current portion of program rights, net	448,535	453,157
Prepaid expenses and other current assets	62,443	72,989
Deferred tax asset, net	24,059	16,198
Total current assets	1,925,962	1,537,338
Property and equipment, net of accumulated depreciation of $220,702 and $209,236	173,969	163,860
Program rights, net	1,046,302	1,027,394
Deferred carriage fees, net	47,061	50,069
Intangible assets, net	550,921	549,180
Goodwill	731,993	736,275
Other assets	202,021	200,799
Total assets	4,678,229	4,264,915
Current Liabilities:
Accounts payable	131,408	124,441
Accrued liabilities	168,301	200,793
Current portion of program rights obligations	295,087	289,897
Deferred revenue	68,168	64,229
Current portion of long-term debt	166,500	148,000
Current portion of capital lease obligations	4,220	3,561
Total current liabilities	833,684	830,921
Program rights obligations	427,442	440,591
Long-term debt	2,801,690	2,519,808
Capital lease obligations	40,022	29,779
Deferred tax liability, net	156,487	137,233
Other liabilities	92,625	103,530
Total liabilities	$ 4,351,950	$ 4,061,862
Commitments and contingencies
Redeemable noncontrolling interests	$ 208,513	$ 211,691
Stockholders' equity (deficiency):
Preferred stock, $0.01 par value, 45,000,000 shares authorized; none issued	0	0
Paid-in capital	122,964	123,157
Accumulated earnings	138,343	24,880
Treasury stock, at cost (1,210,271 shares Class A Common Stock)	(51,993)	(51,993)
Accumulated other comprehensive loss	(124,149)	(136,057)
Total AMC Networks stockholders’ equity (deficiency)	85,904	(39,277)
Non-redeemable noncontrolling interests	31,862	30,639
Total stockholders’ equity (deficiency)	117,766	(8,638)
Total liabilities and stockholders’ equity (deficiency)	4,678,229	4,264,915
Common Class A [Member]
Stockholders' equity (deficiency):
Common stock	624	621
Common Class B [Member]
Stockholders' equity (deficiency):
Common stock	$ 115	$ 115

XML

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Accounts receivable, trade, allowance for doubtful accounts	$ 4,864	$ 4,307
Property and equipment, accumulated depreciation	$ 220,702	$ 209,236
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	45,000,000	45,000,000
Preferred stock, shares issued	0	0
Common Class A [Member]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	360,000,000	360,000,000
Common stock shares issued	62,400,600	62,120,102
Common stock, shares outstanding	61,190,329	60,909,831
Treasury stock, shares	1,210,271	1,210,271
Common Class B [Member]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	90,000,000	90,000,000
Common stock shares issued	11,484,408	11,484,408
Common stock, shares outstanding	11,484,408	11,484,408

XML

Condensed Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Statement [Abstract]
Revenues, net (including revenues, net from related parties of $6,706 and $6,719, respectively)	$ 706,579	$ 668,682
Operating expenses
Technical and operating (excluding depreciation and amortization)	274,274	262,173
Selling, general and administrative (including charges from related parties of $1,069 and $949, respectively)	153,901	154,579
Restructuring (credit) expense	(35)	656
Depreciation and amortization	19,632	20,527
Total operating expenses	447,772	437,935
Operating income	258,807	230,747
Other income (expense)
Interest expense	(31,751)	(33,024)
Interest income	722	437
Loss on extinguishment of debt	(48,334)	0
Miscellaneous, net	(837)	(10,230)
Total other income (expense)	(80,200)	(42,817)
Income from operations before income taxes	178,607	187,930
Income tax expense	(58,543)	(61,254)
Net income including noncontrolling interests	120,064	126,676
Net income attributable to noncontrolling interests	(6,620)	(5,756)
Net income attributable to AMC Networks’ stockholders	$ 113,444	$ 120,920
Net income per share attributable to AMC Networks’ stockholders:
Basic	$ 1.56	$ 1.67
Diluted	$ 1.55	$ 1.66
Weighted average common shares
Basic weighted average common shares	72,579,000	72,206,000
Diluted weighted average common shares	73,274,000	72,970,000

XML

Condensed Consolidated Statements of Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Statement [Abstract]
Revenues, Net From Related Parties	$ 6,706	$ 6,719
Related Party Transaction, Selling, General and Administrative Expenses	$ 1,069	$ 949

XML

Condensed Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Net income including noncontrolling interests	$ 120,064	$ 126,676
Other comprehensive income (loss):
Foreign currency translation adjustment	15,385	(60,825)
Unrealized (loss) gain on interest rate swaps	(1,578)	696
Other comprehensive income (loss), before income taxes	13,807	(60,129)
Income tax expense	(1,899)	(2,279)
Other comprehensive income (loss), net of income taxes	11,908	(62,408)
Comprehensive income	131,972	64,268
Comprehensive income attributable to noncontrolling interests	(7,032)	(4,332)
Comprehensive income attributable to AMC Networks’ stockholders	$ 124,940	$ 59,936

XML

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net income including noncontrolling interests	$ 120,064	$ 126,676
Adjustments to reconcile income from operations to net cash from operating activities:
Depreciation and amortization	19,632	20,527
Share-based compensation expense related to equity classified awards	8,165	7,288
Amortization and write-off of program rights	170,821	170,038
Amortization of deferred carriage fees	3,940	4,004
Unrealized foreign currency transaction (gain) loss	3,530	8,807
Unrealized (gain) loss on derivative contracts, net	164	(306)
Amortization of deferred financing costs and discounts on indebtedness	2,247	2,230
Loss on extinguishment of debt	(48,334)	0
Bad debt expense (credit)	528	(114)
Deferred income taxes	12,139	7,350
Excess tax benefits from share-based compensation arrangements	(852)	(3,672)
Other, net	46	2,427
Changes in assets and liabilities:
Accounts receivable, trade	(9,442)	(98,392)
Amounts due from related parties, net	1,081	411
Prepaid expenses and other assets	7,850	(1,528)
Program rights and obligations, net	(192,194)	(178,203)
Income taxes payable	37,398	38,352
Deferred revenue	3,952	14,562
Deferred carriage fees, net	(1,133)	(16,817)
Accounts payable, accrued expenses and other liabilities	(68,886)	(23,445)
Net cash provided by operating activities	167,384	80,195
Cash flows from investing activities:
Capital expenditures	(12,387)	(18,248)
Payments for acquisition of a business, net of cash acquired	0	(6,581)
Purchases of investments	0	(25,210)
Net cash used in investing activities	(12,387)	(50,039)
Cash flows from financing activities:
Proceeds from the issuance of long-term debt	982,500	0
Principal payments on long-term debt	(691,449)	(18,500)
Premium and fees paid on extinguishment of debt	39,179	0
Payments for financing costs	(2,070)	0
Deemed repurchases of restricted stock/units	(10,413)	(12,848)
Proceeds from stock option exercises	1,200	130
Excess tax benefits from share-based compensation arrangements	852	3,672
Principal payments on capital lease obligations	(1,086)	(1,420)
Distributions to noncontrolling interest	(8,968)	0
Net cash provided by (used in) financing activities	231,387	(28,966)
Net increase in cash and cash equivalents from operations	386,384	1,190
Effect of exchange rate changes on cash and cash equivalents	95	(8,250)
Cash and cash equivalents at beginning of period	316,321	201,367
Cash and cash equivalents at end of period	$ 702,800	$ 194,307

XML

Description Of Business And Basis Of Presentation

3 Months Ended

Mar. 31, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Description Of Business And Basis Of Presentation

Description of Business and Basis of Presentation

Description of Business

AMC Networks Inc. (“AMC Networks”) and its subsidiaries (collectively referred to as the “Company”) own and operate entertainment businesses and assets. The Company is comprised of two operating segments:

• National Networks: Principally includes activities of our programming businesses which include our five programming networks distributed in the U.S. and Canada. These programming networks include AMC, WE tv, BBC AMERICA, IFC and SundanceTV in the U.S.; and AMC, IFC, and Sundance Channel in Canada. Our programming businesses within the National Networks segment may also sell rights worldwide to their owned original programming. The National Networks operating segment also includes AMC Networks Broadcasting & Technology, the technical services business, which primarily services most of the programming networks included in the National Networks segment.

• International and Other: Principally includes AMC Networks International (“AMCNI”), the Company’s international programming businesses consisting of a portfolio of channels in Europe, Latin America, the Middle East and parts of Asia and Africa; IFC Films, the Company’s independent film distribution business; AMCNI- DMC, the broadcast solutions unit of certain networks of AMCNI and third-party networks, and various developing on-line content distribution initiatives.

Basis of Presentation

Principles of Consolidation

These unaudited condensed consolidated financial statements include the accounts of AMC Networks and its majority owned or controlled subsidiaries. All intercompany transactions and balances have been eliminated in consolidation.

Investments in business entities in which the Company lacks control but does have the ability to exercise significant influence over operating and financial policies are accounted for using the equity method of accounting.

Unaudited Interim Financial Statements

These condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and Article 10 of Regulation S-X of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the Company’s consolidated financial statements and notes thereto for the year ended December 31, 2015 contained in the Company’s Annual Report on Form 10-K (“2015 Form 10-K”) filed with the SEC. The condensed consolidated financial statements presented in this Quarterly Report on Form 10-Q are unaudited; however, in the opinion of management, such financial statements reflect all adjustments, consisting solely of normal recurring adjustments, necessary for a fair presentation of the results for the interim periods presented.

The results of operations for interim periods are not necessarily indicative of the results that might be expected for future interim periods or for the full year ending December 31, 2016.

Program Rights

The Company periodically reviews the programming usefulness of its licensed and owned original program rights based on a series of factors, including expected future revenue generation from airings on the Company’s networks and other exploitation opportunities, ratings, type and quality of program material, standards and practices, and fitness for exhibition through various forms of distribution. If it is determined that film or other program rights have no future programming usefulness, a write-off of the unamortized cost is recorded in technical and operating expense. There were no program rights write-offs included in technical and operating expense for the three months ended March 31, 2016. Program rights write-offs included in technical and operating expense of $9,596 were recorded for the three months ended March 31, 2015.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements; and the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates. Significant estimates and judgments inherent in the preparation of the consolidated financial statements include the valuation of acquisition-related assets and liabilities, the useful lives and methodologies used to amortize and assess recoverability of program rights, the estimated useful lives of intangible assets, valuation and recoverability of goodwill and intangible assets and income tax assets and liabilities.

Recently Issued Accounting Pronouncements

In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The updated guidance changes how companies account for certain aspects of share-based payment awards to employees, including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as the classification of related matters in the statement of cash flows. ASU 2016-09 is effective for the first quarter of 2017. The Company is currently assessing the impact the adoption will have on its consolidated financial statements.

In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). ASU 2016-02 requires lessees to put most of their leases on the balance sheet, which will be recognized as a right-of-use asset and a lease liability. The Company will be required to classify each separate lease component as an operating or finance lease at the lease commencement date. Initial measurement of the right-of-use asset and lease liability is the same for operating and finance leases, however expense recognition and amortization of the right-of-use asset differs. Operating leases will reflect lease expense on a straight-line basis similar to current operating leases. The straight-line expense will reflect the interest expense on the lease liability (effective interest method) and amortization of the right-of-use asset, which will be presented as a single line item in the operating expense section of the income statement. Finance leases will reflect a front-loaded expense pattern similar to the pattern for current capital leases. ASU 2016-02 is effective for the first quarter of 2019, with early adoption permitted. The Company is currently determining its implementation approach and assessing the impact the adoption will have on its consolidated financial statements.

In November 2015, the FASB issued ASU No. 2015-17, Income Taxes (Topic 740) Balance Sheet Classification of Deferred Taxes. ASU 2015-17 requires deferred tax liabilities and assets be classified as noncurrent in the statement of financial position. ASU 2015-17 is effective for the first quarter of 2017 with early adoption permitted. The adoption of ASU 2015-17 is not expected to have a material impact on the Company's consolidated financial statements.

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). ASU 2014-09 provides new guidance related to how an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard requires an evaluation of (i) transfer of control, (ii) variable consideration, (iii) allocation of selling price for multiple elements, (iv) intellectual property licenses, (v) time value of money, and (vi) contract costs. The standard also expands the required disclosures related to revenue and cash flows from contracts with customers to provide greater insight into both revenue that has been recognized, and revenue that is expected to be recognized in the future from existing contracts. In March 2016, the FASB issued ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations. ASU 2016-08 retains the guidance that the principal in an arrangement controls a good or service before it is transferred to a customer and clarifies: (i) that the entity must first identify the good or service being provided, (ii)how an entity should identify the unit of accounting for the principal versus agent evaluation, (iii)how the control principle applies to transactions, such as service arrangements, and (iv) how to assess whether an entity controls services performed by another party. Both ASU 2014-09 and ASU 2016-08 are effective for the first quarter of 2018, with early adoption permitted and retrospective application required. The Company is currently determining its implementation approach and assessing the impact the adoption will have on its consolidated financial statements.

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Net Income Per Share

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Net Income Per Share

Net Income per Share

The following is a reconciliation between basic and diluted weighted average shares outstanding:

	Three Months Ended March 31,
	2016	2015
Basic weighted average common shares outstanding	72,579,000	72,206,000
Effect of dilution:
Stock options	51,000	204,000
Restricted stock units	644,000	560,000
Diluted weighted average common shares outstanding	73,274,000	72,970,000

For the three months ended March 31, 2016, there were no restricted stock units that would have been anti-dilutive to the diluted weighted average common shares outstanding. For the three months ended March 31, 2015, there were 312,252 restricted stock units that would have been anti-dilutive to the diluted weighted average common shares outstanding. Approximately 137,000 and 125,000 restricted stock units for the three months ended March 31, 2016 and March 31, 2015, respectively, have been excluded from diluted weighted average common shares outstanding since a performance condition on these awards was not met in each of the respective periods.

Stock Repurchase Program

On March 4, 2016. the Company’s Board of Directors authorized a program to repurchase up to $500,000 of its outstanding shares of common stock. There were no repurchases of common stock for the three months ended March 31, 2016.

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Restructuring

3 Months Ended

Mar. 31, 2016

Restructuring and Related Activities [Abstract]

Restructuring

Restructuring

The Company incurred restructuring expense primarily related to severance charges associated with the elimination of certain positions across the Company.

The following table summarizes the restructuring expense (credit) recognized by operating segment:

	Three Months Ended March 31,
	2016			2015
National Networks	$	30		$	66
International & Other	(65		)	590
Total restructuring expense (credit)	$	(35	)	$	656

The following table summarizes the accrued restructuring costs:

	Severance and employee-related costs			Other exit costs			Total
December 31, 2015	$	9,498		$	512		$	10,010
Credits	(35		)	—			(35		)
Cash payments	(7,174		)	(95		)	(7,269		)
Currency translation	(84		)	19			(65		)
March 31, 2016	$	2,205		$	436		$	2,641

Liabilities for restructuring costs of $2,571 and $70 are included in accrued liabilities and other liabilities, respectively, in the condensed consolidated balance sheet at March 31, 2016.

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Goodwill And Other Intangible Assets

3 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill And Other Intangible Assets

Goodwill and Other Intangible Assets

The carrying amount of goodwill, by operating segment is as follows:

	National Networks			International and Other			Total
December 31, 2015	$	244,849		$	491,426		$	736,275
Purchase accounting adjustments	—			(6,965		)	(6,965		)
Amortization of “second component” goodwill	(631		)	—			(631		)
Foreign currency translation	—			3,314			3,314
March 31, 2016	$	244,218		$	487,775		$	731,993

Purchase accounting adjustments included in the International and Other segment relate to the allocation of fair value for a previous acquisition of a small international channel from goodwill primarily to identifiable intangible assets.

The reduction of $631 in the carrying amount of goodwill for the National Networks is due to the realization of a tax benefit for the amortization of “second component” goodwill at SundanceTV. Second component goodwill is the amount of tax deductible goodwill in excess of goodwill for financial reporting purposes. In accordance with the authoritative guidance at the time of the SundanceTV acquisition, the tax benefits associated with this excess are applied to first reduce the amount of goodwill, and then other intangible assets for financial reporting purposes, if and when such tax benefits are realized in the Company’s tax returns.

The following tables summarize information relating to the Company’s identifiable intangible assets:

	March 31, 2016
	Gross		Accumulated Amortization			Net		Estimated Useful Lives
Amortizable intangible assets:
Affiliate and customer relationships	$	546,308	$	(118,551	)	$	427,757	11 to 25 years
Advertiser relationships	46,282		(6,042		)	40,240		11 years
Trade names	57,756		(5,229		)	52,527		20 years
Other amortizable intangible assets	10,807		(310		)	10,497		5 years
Total amortizable intangible assets	661,153		(130,132		)	531,021
Indefinite-lived intangible assets:
Trademarks	19,900		—			19,900
Total intangible assets	$	681,053	$	(130,132	)	$	550,921
	December 31, 2015
	Gross		Accumulated Amortization			Net
Amortizable intangible assets:
Affiliate and customer relationships	$	554,012	$	(110,203	)	$	443,809
Advertiser relationships	46,282		(4,990		)	41,292
Trade names	48,522		(4,353		)	44,169
Other amortizable intangible assets	15		(5		)	10
Total amortizable intangible assets	648,831		(119,551		)	529,280
Indefinite-lived intangible assets:
Trademarks	19,900		—			19,900
Total intangible assets	$	668,731	$	(119,551	)	$	549,180

Aggregate amortization expense for amortizable intangible assets for the three months ended March 31, 2016 and 2015 was $9,900 and $10,773, respectively. Estimated aggregate amortization expense for intangible assets subject to amortization for each of the following five years is:

Years Ending December 31,
2016	$	39,106
2017	38,968
2018	38,968
2019	38,965
2020	38,961

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Accrued Liabilities

3 Months Ended

Mar. 31, 2016

Accrued Liabilities, Current [Abstract]

Accrued Liabilities

Accrued Liabilities

Accrued liabilities consist of the following:

	March 31, 2016		December 31, 2015
Interest	$	11,473	$	28,246
Employee related costs	73,093		119,931
Income taxes payable	37,899		2,112
Other accrued expenses	45,836		50,504
Total accrued liabilities	$	168,301	$	200,793

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Debt

3 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

Debt

Long-term Debt

The Company’s long-term debt consists of the following:

	March 31, 2016			December 31, 2015
Senior Secured Credit Facility: (a)
Term Loan A Facility	$	1,369,000		$	1,406,000
Senior Notes:
5.00% Notes due April 2024	1,000,000			—
7.75% Notes due July 2021	45,551			700,000
4.75% Notes due December 2022	600,000			600,000
Total long-term debt	3,014,551			2,706,000
Unamortized discount	(26,577		)	(17,911		)
Unamortized deferred financing costs	(19,784		)	(20,281		)
Long-term debt, net	2,968,190			2,667,808
Current portion of long-term debt	166,500			148,000
Noncurrent portion of long-term debt	$	2,801,690		$	2,519,808

(a) The Company’s $500,000 revolving credit facility remains undrawn at March 31, 2016. Total undrawn revolver commitments are available to be drawn for general corporate purposes of the Company.

5.00% Notes due 2024

On March 30, 2016, the Company issued $1,000,000 in aggregate principal amount of 5.00% senior notes, net of an issuance discount of $17,500, due 2024 (the “5.00% Notes”). AMC Networks used a portion of the net proceeds of this offering to make a cash tender (“Tender Offer”) for its outstanding 7.75% Senior Notes due 2021 (the "7.75% Notes") with the remaining proceeds to be used for general corporate purposes, which may include the redemption of any of the 7.75% Notes not tendered. The 5.00% Notes were issued pursuant to an indenture dated as of March 30, 2016 (the “5.00% Notes Indenture”).

In connection with the issuance of the 5.00% Notes, AMC Networks incurred deferred financing costs of $2,070, which are being amortized, using the effective interest method, to interest expense over the term of the 5.00% Notes.

Interest on the 5.00% Notes is payable semi-annually in arrears on April 1 and October 1 of each year.

The 5.00% Notes may be redeemed, in whole or in part, at any time on or after April 1, 2020, at a redemption price equal to 102.5% of the principal amount thereof (plus accrued and unpaid interest thereon, if any, to the date of such redemption), declining annually to 100% of the principal amount thereof (plus accrued and unpaid interest thereon, if any, to the date of such redemption) beginning on April 1, 2022.

The 5.00% Notes are guaranteed on a senior unsecured basis by certain of AMC Networks’ existing and future domestic restricted subsidiaries, in accordance with the 5.00% Notes Indenture. The guarantees under the 5.00% Notes are full and unconditional and joint and several.

The 5.00% Notes Indenture contains certain affirmative and negative covenants applicable to AMC Networks and its restricted subsidiaries including restrictions on their ability to incur additional indebtedness, consummate certain assets sales, make investments in entities that are not restricted subsidiaries, create liens on their assets, enter into certain affiliate transactions and make certain restricted payments, including restrictions on AMC Networks’ ability to pay dividends on, or repurchase, its common stock.

7.75% Notes due 2021 Tender Offer

The Company used a portion of the net proceeds of the 5.00% Notes to make a Tender Offer for the 7.75% Notes at a price of $1,058.57 per $1,000 principal amounts of notes plus accrued and unpaid interest. Pursuant to the Tender Offer, the Company purchased approximately $654,000 principal amount of the 7.75% Notes for a purchase price of approximately $703,000 including accrued and unpaid interest of $10,567 and related fees. Approximately $46,000 of the 7.75% Notes remain outstanding.

In connection with the Tender Offer, the Company recorded a loss on extinguishment of debt of $48,334 for the three months ended March 31, 2016 which includes $39,179 related to the excess of the redemption price, premium paid and related fees associated with the closing of the Tender Offer and unamortized issuance discount and deferred financing fees related to the 7.75% Notes of $8,185 and $970, respectively.

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Fair Value Measurement

3 Months Ended

Mar. 31, 2016

Fair Value Disclosures [Abstract]

Fair Value Measurement

Fair Value Measurement

The fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value that are either observable or unobservable. Observable inputs reflect assumptions market participants would use in pricing an asset or liability based on market data obtained from independent sources while unobservable inputs reflect a reporting entity’s pricing based upon their own market assumptions. The fair value hierarchy consists of the following three levels:

• Level I - Quoted prices for identical instruments in active markets.

• Level II - Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable.

• Level III - Instruments whose significant value drivers are unobservable.

The following table presents for each of these hierarchy levels, the Company’s financial assets and liabilities that are measured at fair value on a recurring basis:

	Level I		Level II		Total
At March 31, 2016:
Assets:
Cash equivalents	$	22,116	$	—	$	22,116
Interest rate swap contracts	—		172		172
Foreign currency derivatives	—		4,932		4,932
Liabilities:
Interest rate swap contracts	—		2,518		2,518
Foreign currency derivatives	$	—	$	3,455	$	3,455
At December 31, 2015:
Assets:
Cash equivalents	$	2,027	$	—	$	2,027
Interest rate swap contracts	—		1,449		1,449
Foreign currency derivatives	—		4,421		4,421
Liabilities:
Interest rate swap contracts	—		2,682		2,682
Foreign currency derivatives	$	—	$	3,107	$	3,107

The Company’s cash equivalents are classified within Level I of the fair value hierarchy because they are valued using quoted market prices.

The Company’s interest rate swap contracts and foreign currency derivatives (see Note 8) are classified within Level II of the fair value hierarchy and their fair values are determined based on a market approach valuation technique that uses readily observable market parameters and the consideration of counterparty risk.

The Company does not have any recurring assets or liabilities measured at fair value that would be considered Level III.

Fair value measurements are also used in nonrecurring valuations performed in connection with acquisition accounting. These nonrecurring valuations primarily include the valuation of affiliate and customer relationships intangible assets, advertiser relationship intangible assets and property and equipment. All of our nonrecurring valuations use significant unobservable inputs and therefore fall under Level III of the fair value hierarchy.

Credit Facility Debt and Senior Notes

The fair values of each of the Company’s debt instruments are based on quoted market prices for the same or similar issues or on the current rates offered to the Company for instruments of the same remaining maturities.

The carrying values and estimated fair values of the Company’s financial instruments, excluding those that are carried at fair value in the condensed consolidated balance sheets, are summarized as follows:

	March 31, 2016
	Carrying Amount		Estimated Fair Value
Debt instruments:
Term Loan A Facility	$	1,351,480	$	1,341,620
5.00% Notes due April 2024	980,430		1,006,250
7.75% Notes due July 2021	44,981		48,193
4.75% Notes due December 2022	591,299		601,500
	$	2,968,190	$	2,997,563

	December 31, 2015
	Carrying Amount		Estimated Fair Value
Debt instruments:
Term Loan A Facility	$	1,386,869	$	1,370,850
7.75% Notes due July 2021	689,910		737,625
4.75% Notes due December 2022	591,029		600,000
	$	2,667,808	$	2,708,475

Fair value estimates related to the Company’s debt instruments presented above are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgments and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates.

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Derivative Financial Instruments

3 Months Ended

Mar. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

Derivative Financial Instruments

Interest Rate Risk

To manage interest rate risk, the Company enters into interest rate swap contracts to adjust the amount of total debt that is subject to variable interest rates.

As of March 31, 2016, the Company had interest rate swap contracts outstanding with notional amounts aggregating $400,000, which consists of interest rate swap contracts with notional amounts of $200,000 that are designated as cash flow hedges and interest rate swap contracts with notional amounts of $200,000 that are not designated as hedging instruments. The Company’s outstanding interest rate swap contracts have varying maturities ranging from August 2016 to October 2018. At March 31, 2016, the Company’s interest rate swap contracts designated as cash flow hedges were highly effective.

Foreign Currency Exchange Rate Risk

We are exposed to foreign currency risk to the extent that we enter into transactions denominated in currencies other than our or our subsidiaries’ respective functional currencies (non-functional currency risk), such as affiliation agreements, programming contracts, certain accounts payable and trade receivables (including intercompany amounts) that are denominated in a currency other than the applicable functional currency.

The fair values of the Company’s derivative financial instruments included in the condensed consolidated balance sheets are as follows:

	Balance Sheet  Location	March 31, 2016		December 31, 2015
Derivatives designated as hedging instruments:
Assets:
Interest rate swap contracts	Other assets	$	172	$	1,449
Liabilities:
Interest rate swap contracts	Other liabilities	301		—
Derivatives not designated as hedging instruments:
Assets:
Foreign currency derivatives	Prepaid expenses and other current assets	1,226		1,331
Foreign currency derivatives	Other assets	3,706		3,090
Liabilities:
Interest rate swap contracts	Accrued liabilities	390		660
Interest rate swap contracts	Other liabilities	1,827		2,022
Foreign currency derivatives	Accrued liabilities	1,184		1,429
Foreign currency derivatives	Other liabilities	2,271		1,678

The amounts of gains and losses related to the Company’s derivative financial instruments designated as hedging instruments are as follows:

	Gain or (Loss) on Derivatives  Recognized in OCI						Location of Gain or (Loss) in Earnings	Gain or (Loss) Reclassified  from Accumulated OCI  into Earnings (a)
	Three Months Ended March 31,							Three Months Ended March 31,
	2016			2015				2016			2015
Derivatives in cash flow hedging relationships:
Interest rate swap contracts	$	(1,741	)	$	(272	)	Interest expense	$	(163	)	$	(968	)

(a) There were no gains or losses recognized in earnings related to any ineffective portion of hedging relationships or related to any amount excluded from the assessment of hedge effectiveness for the three months ended March 31, 2016 and 2015.

The amounts of gains and losses related to the Company’s derivative financial instruments not designated as hedging instruments are as follows:

	Location of Gain or (Loss) Recognized in Earnings  on Derivatives	Amount of Gain or (Loss) Recognized in Earnings on Derivatives
		Three Months Ended March 31,
		2016			2015
Derivatives not designated as hedging relationships:
Interest rate swap contracts	Interest expense	$	(181	)	$	(421	)
Foreign currency derivatives	Miscellaneous, net	52			493
Total		$	(129	)	$	72

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Income Taxes

3 Months Ended

Mar. 31, 2016

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

For the three months ended March 31, 2016, income tax expense attributable to continuing operations was $58,543, representing an effective tax rate of 33%. The items resulting in variances from the federal statutory rate of 35% include state income tax expense of $3,215, tax benefit from foreign subsidiary earnings indefinitely reinvested outside the U.S. of $3,465, tax benefit from the domestic production activities deduction of $5,322 and tax expense of $2,000 for an increase in valuation allowances for foreign taxes.

For the three months ended March 31, 2015, income tax expense attributable to continuing operations was $61,254, representing an effective tax rate of 33%. The items resulting in variances from the federal statutory rate of 35% include state income tax expense of $3,834, tax benefit from foreign subsidiary earnings indefinitely reinvested outside the U.S. of $5,262, tax benefit from the domestic production activities deduction of $5,168 and tax expense of $2,831 for an increase in valuation allowances for foreign taxes.

At March 31, 2016, the Company had foreign tax credit carry forwards of approximately $43,000, expiring on various dates from 2016 through 2026. For the three months ended March 31, 2016, excess tax benefits of $852 relating to share-based compensation awards and $400 relating to amortization of tax deductible second component goodwill were realized as a reduction in tax liability (as determined on a ‘with-and-without’ approach).

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Commitments

3 Months Ended

Mar. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

Commitments

Commitments and Contingencies

Commitments

As of March 31, 2016, the Company’s contractual obligations not reflected on the Company’s condensed consolidated balance sheet increased$28,970 to $1,545,033 as compared to $1,516,063 at December 31, 2015. The increase relates primarily to program rights obligations.

Legal Matters

The Company is party to various lawsuits and claims in the ordinary course of business. Although the outcome of these matters cannot be predicted with certainty and while the impact of these matters on the Company’s results of operations in any particular subsequent reporting period could be material, management does not believe that the resolution of these matters will have a material adverse effect on the financial position of the Company or the ability of the Company to meet its financial obligations as they become due.

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Equity Plans

3 Months Ended

Mar. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Equity Plans

Equity Plans

On March 4, 2016, AMC Networks granted 486,758 restricted stock units (“RSU’s”) and 371,109 performance restricted stock units (“PRSU’s”) to certain executive officers and employees under the AMC Networks Inc. Amended and Restated 2011 Employee Stock Plan. The RSU’s vest in equal annual installments over a three year period and the vesting criteria for 137,527 RSU’s include the achievement of certain performance targets by the Company. The PRSU’s vest on the third anniversary of the grant date and include the achievement of certain performance targets by the Company.

During the three months ended March 31, 2016, 323,402 RSU’s of AMC Networks Class A Common Stock previously issued to employees of the Company vested. On the vesting date, 133,306 RSU’s were surrendered to the Company to cover the required statutory tax withholding obligations and 190,096 new shares of the AMC Networks Class A Common Stock were issued in respect of the remaining RSU’s. The units surrendered to satisfy the employees’ statutory minimum tax withholding obligations for the applicable income and other employment tax had an aggregate value of $10,413, which has been reflected as a financing activity in the condensed consolidated statement of cash flows for the three months ended March 31, 2016.

Share-based compensation expense included in selling, general and administrative expense, for the three months ended March 31, 2016 and March 31, 2015 was $8,165 and $7,288, respectively.

As of March 31, 2016, there was $102,438 of total unrecognized share-based compensation cost related to outstanding unvested share-based awards. The unrecognized compensation cost is expected to be recognized over a weighted-average remaining period of approximately 2.9 years.

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Redeemable Noncontrolling Interests

3 Months Ended

Mar. 31, 2016

Noncontrolling Interest [Abstract]

Redeemable Noncontrolling Interests

Redeemable Noncontrolling Interests

In connection with a membership interest purchase agreement entered into with BBC Worldwide Americas, Inc. (“BBCWA”), the Company acquired a 49.9% limited liability interest in New Video Channel America L.L.C. (“New Video”). New Video owns the cable channel BBC AMERICA. The terms of the agreement provide BBCWA with a right to put all of its 50.1% noncontrolling interest to the Company at the greater of the then fair value or the fair value of the initial equity interest at inception. The put option is exercisable on the fifteenth and twenty-fifth year anniversary of the Joint Venture agreement.

In connection with the creation of another joint venture entity in 2013, the terms of the agreement provide the noncontrolling member with a right to put all of its interest to the Company at the then fair value.

Because exercise of these put rights is outside the Company's control, the noncontrolling interest in each entity is presented as redeemable noncontrolling interest outside of stockholders' equity (deficiency) on the Company's consolidated balance sheet.

The following table summarizes activity related to redeemable noncontrolling interest for the three months ended March 31, 2016.

	Three Months Ended March 31, 2016
December 31, 2015	$	211,691
Net earnings	5,809
Distributions	(8,968		)
Other	(19		)
March 31, 2016	$	208,513

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Related Party Transactions

3 Months Ended

Mar. 31, 2016

Related Party Transactions [Abstract]

Related Party Transactions

Related Party Transactions

Members of the Dolan Family, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, including trusts for the benefit of the Dolan Family, collectively beneficially own all of the AMC Networks outstanding Class B Common Stock and own less than 2% of the AMC Networks’ outstanding Class A Common Stock. Such shares of the AMC Networks Class A Common Stock and Class B Common Stock, collectively, represent approximately 66% of the aggregate voting power of AMC Networks’ outstanding common stock. Members of the Dolan Family are also the controlling stockholders of Cablevision Systems Corporation and its subsidiaries (“Cablevision”), The Madison Square Garden Company (“MSG”) and MSG Networks Inc. (“MSG Networks”).

In connection with the spin off from Cablevision in 2011, the Company entered into various agreements with Cablevision that govern certain of the Company’s relationships with Cablevision subsequent to the spin off. These agreements include arrangements with respect to transition services and a number of on-going commercial relationships. The distribution agreement includes an agreement that the Company and Cablevision agree to provide each other with indemnities with respect to liabilities arising out of the businesses Cablevision transferred to the Company. In addition, the Company provides services to and receives services from Cablevision, MSG and MSG Networks.

The Company records revenues, net from subsidiaries of Cablevision, MSG and MSG Networks. Revenues, net from related parties amounted to $6,706 and $6,719 for the three months ended March 31, 2016 and 2015, respectively.

In addition, the Company and its related parties routinely enter into transactions with each other in the ordinary course of business. Amounts charged to the Company, included in selling, general and administrative expenses, pursuant to transactions with its related parties amounted to $1,069 and $949 for the three months ended March 31, 2016 and 2015, respectively.

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Cash Flows

3 Months Ended

Mar. 31, 2016

Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]

Cash Flows

Cash Flows

The Company’s non-cash investing and financing activities and other supplemental data are as follows:

	Three Months Ended March 31,
	2016	2015
Non-Cash Investing and Financing Activities:
Increase in capital lease obligations	10,983	—
Capital expenditures incurred but not yet paid	2,722	2,399
Supplemental Data:
Cash interest paid	46,436	37,132
Income taxes paid, net	5,600	13,005

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Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2016

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Loss

The following table details the components of accumulated other comprehensive loss:

	Three Months Ended March 31, 2016									Three Months Ended March 31, 2015
	Currency Translation Adjustment			Gains (Losses) on Cash Flow Hedges			Accumulated Other Comprehensive Income (Loss)			Currency Translation Adjustment			Gains (Losses) on Cash Flow Hedges			Accumulated Other Comprehensive Income (Loss)
Beginning balance	$	(136,434	)	$	377		$	(136,057	)	$	(77,492	)	$	(1,756	)	$	(79,248	)
Other comprehensive income (loss) before reclassifications	15,385			(1,741		)	13,644			(60,825		)	(272		)	(61,097		)
Amounts reclassified from accumulated other comprehensive loss	—			163			163			—			968			968
Net current-period other comprehensive income (loss), before income taxes	15,385			(1,578		)	13,807			(60,825		)	696			(60,129		)
Income tax expense	(2,477		)	578			(1,899		)	(2,024		)	(255		)	(2,279		)
Net current-period other comprehensive income (loss), net of income taxes	12,908			(1,000		)	11,908			(62,849		)	441			(62,408		)
Ending balance	$	(123,526	)	$	(623	)	$	(124,149	)	$	(140,341	)	$	(1,315	)	$	(141,656	)

Amounts reclassified to net earnings for gains and losses on cash flow hedges designated as hedging instruments are included in interest expense in the condensed consolidated statements of income.

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Segment Information

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company classifies its operations into two operating segments: National Networks and International and Other. These reportable segments represent strategic business units that are managed separately.

The Company generally allocates all corporate overhead costs to the Company’s two operating segments based upon their proportionate estimated usage of services, including such costs as executive salaries and benefits, costs of maintaining corporate headquarters, facilities and common support functions (such as human resources, legal, finance, tax, accounting, audit, treasury, risk management, strategic planning and information technology) as well as sales support functions and creative and production services.

The Company evaluates segment performance based on several factors, of which the primary financial measure is operating segment adjusted operating cash flow (defined as operating income (loss) before depreciation and amortization, share-based compensation expense or benefit, and restructuring expense or credit). The Company has presented the components that reconcile adjusted operating cash flow to operating income, an accepted GAAP measure, and other information as to the continuing operations of the Company’s reportable segments below.

	Three Months Ended March 31, 2016
	National Networks			International and Other			Inter-segment eliminations			Consolidated
Revenues, net
Advertising	$	263,852		$	22,825		$	—		$	286,677
Distribution	334,783			86,223			(1,104		)	419,902
Consolidated revenues, net	$	598,635		$	109,048		$	(1,104	)	$	706,579
Adjusted operating cash flow	$	280,952		$	5,106		$	511		$	286,569
Depreciation and amortization	(7,969		)	(11,663		)	—			(19,632		)
Share-based compensation expense	(6,221		)	(1,944		)	—			(8,165		)
Restructuring (expense) credit	(30		)	65			—			35
Operating income (loss)	$	266,732		$	(8,436	)	$	511		$	258,807
Capital expenditures	$	1,980		$	10,407		$	—		$	12,387
	Three Months Ended March 31, 2015
	National Networks			International and Other			Inter-segment eliminations			Consolidated
Revenues, net
Advertising	$	260,439		$	18,803		$	—		$	279,242
Distribution	302,409			87,552			(521		)	389,440
Consolidated revenues, net	$	562,848		$	106,355		$	(521	)	$	668,682
Adjusted operating cash flow	$	253,258		$	5,679		$	281		$	259,218
Depreciation and amortization	(7,361		)	(13,166		)	—			(20,527		)
Share-based compensation expense	(5,410		)	(1,878		)	—			(7,288		)
Restructuring expense	(66		)	(590		)	—			(656		)
Operating income (loss)	$	240,421		$	(9,955	)	$	281		$	230,747
Capital expenditures	$	7,135		$	11,113		$	—		$	18,248

Inter-segment eliminations are primarily revenues recognized by AMC Networks Broadcasting & Technology for transmission revenues recognized from the International and Other operating segment as well as licensing revenues recognized between the National Networks and International and Other segments.

	Three Months Ended March 31,
	2016			2015
Inter-segment revenues
National Networks	$	(944	)	$	(452	)
International and Other	(160		)	(69		)
	$	(1,104	)	$	(521	)

The table below summarizes revenues based on customer location:

	Three Months Ended March 31,
	2016		2015
Revenues
United States	$	574,334	$	563,825
Europe	93,962		75,886
Other	38,283		28,971
	$	706,579	$	668,682

The table below summarizes property and equipment based on asset location:

	March 31, 2016		December 31, 2015
Property and equipment, net
United States	$	90,592	$	93,951
Europe	61,996		48,043
Other	21,381		21,866
	$	173,969	$	163,860

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Condensed Consolidating Financial Statements

3 Months Ended

Mar. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Consolidating Financial Statements

Condensed Consolidating Financial Statements

Long-term debt of AMC Networks includes $45,551 of 7.75% senior notes due July 2021, $600,000 of 4.75% senior notes due December 2022 and $1,000,000 of 5.00% senior notes due April 2024. All outstanding senior notes issued by AMC Networks are guaranteed on a senior unsecured basis by certain of its existing and future domestic restricted subsidiaries (the “Guarantor Subsidiaries”). All Guarantor Subsidiaries are owned 100% by AMC Networks. The outstanding notes are fully and unconditionally guaranteed by the Guarantor Subsidiaries on a joint and several basis.

Set forth below are condensed consolidating financial statements presenting the financial position, results of operations, comprehensive income, and cash flows of (i) the Parent Company, (ii) the Guarantor Subsidiaries on a combined basis (as such guarantees are joint and several), (iii) the direct and indirect non-guarantor subsidiaries of the Parent Company (the “Non-Guarantor Subsidiaries”) on a combined basis and (iv) reclassifications and eliminations necessary to arrive at the information for the Company on a consolidated basis.

Basis of Presentation

 In presenting the condensed consolidating financial statements, the equity method of accounting has been applied to (i) the Parent Company’s interests in the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries, and (ii) the Guarantor Subsidiaries’ interests in the Non-Guarantor Subsidiaries, even though all such subsidiaries meet the requirements to be consolidated under GAAP. All intercompany balances and transactions between the Parent Company, the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries have been eliminated, as shown in the column “Eliminations.”

 The accounting basis in all subsidiaries, including goodwill and identified intangible assets, have been allocated to the applicable subsidiaries.

Condensed Consolidating Balance Sheet
March 31, 2016
	Parent Company		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	279,468	$	257,259	$	166,073	$	—		$	702,800
Accounts receivable, trade (less allowance for doubtful accounts)	—		519,912		165,232		—			685,144
Amounts due from related parties, net	—		2,743		238		—			2,981
Current portion of program rights, net	—		335,169		113,366		—			448,535
Prepaid expenses, other current assets and intercompany receivable	89		136,839		15,073		(89,558		)	62,443
Deferred tax asset, net	18,881		—		5,178		—			24,059
Total current assets	298,438		1,251,922		465,160		(89,558		)	1,925,962
Property and equipment, net of accumulated depreciation	—		89,929		84,040		—			173,969
Investment in affiliates	2,986,397		852,545		—		(3,838,942		)	—
Program rights, net	—		907,952		138,350		—			1,046,302
Long-term intercompany notes receivable	—		400,109		603		(400,712		)	—
Deferred carriage fees, net	—		44,592		2,469		—			47,061
Intangible assets, net	—		187,605		363,316		—			550,921
Goodwill	—		71,069		660,924		—			731,993
Other assets	172		101,426		100,423		—			202,021
Total assets	$	3,285,007	$	3,907,149	$	1,815,285	$	(4,329,212	)	$	4,678,229
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable	$	301	$	98,580	$	32,527	$	—		$	131,408
Accrued liabilities and intercompany payable	51,586		74,889		131,384		(89,558		)	168,301
Current portion of program rights obligations	—		223,834		71,253		—			295,087
Deferred revenue	—		56,404		11,764		—			68,168
Current portion of long-term debt	166,500		—		—		—			166,500
Current portion of capital lease obligations	—		2,300		1,920		—			4,220
Total current liabilities	218,387		456,007		248,848		(89,558		)	833,684
Program rights obligations	—		405,338		22,104		—			427,442
Long-term debt	2,801,690		—		—		—			2,801,690
Capital lease obligations	—		8,857		31,165		—			40,022
Deferred tax liability, net	144,968		—		11,519		—			156,487
Other liabilities and intercompany notes payable	34,058		50,550		408,729		(400,712		)	92,625
Total liabilities	3,199,103		920,752		722,365		(490,270		)	4,351,950
Commitments and contingencies
Redeemable noncontrolling interests	—		—		208,513		—			208,513
Stockholders’ equity:
AMC Networks stockholders’ equity	85,904		2,986,397		852,545		(3,838,942		)	85,904
Non-redeemable noncontrolling interests	—		—		31,862		—			31,862
Total stockholders’ equity	85,904		2,986,397		884,407		(3,838,942		)	117,766
Total liabilities and stockholders’ equity	$	3,285,007	$	3,907,149	$	1,815,285	$	(4,329,212	)	$	4,678,229

Condensed Consolidating Balance Sheet
December 31, 2015
	Parent Company			Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	434		$	148,260	$	167,627	$	—		$	316,321
Accounts receivable, trade (less allowance for doubtful accounts)	—			538,657		135,954		—			674,611
Amounts due from related parties, net	—			3,818		244		—			4,062
Current portion of program rights, net	—			352,664		100,493		—			453,157
Prepaid expenses, other current assets and intercompany receivable	4,158			112,456		12,322		(55,947		)	72,989
Deferred tax asset, net	14,039			—		2,159		—			16,198
Total current assets	18,631			1,155,855		418,799		(55,947		)	1,537,338
Property and equipment, net	—			93,007		70,853		—			163,860
Investment in affiliates	2,797,938			845,069		—		(3,643,007		)	—
Program rights, net	—			889,756		137,638		—			1,027,394
Long-term intercompany notes receivable	—			400,163		676		(400,839		)	—
Deferred carriage fees, net	—			47,437		2,632		—			50,069
Intangible assets, net	—			190,041		359,139		—			549,180
Goodwill	—			71,700		664,575		—			736,275
Other assets	1,449			100,620		98,730		—			200,799
Total assets	$	2,818,018		$	3,793,648	$	1,753,042	$	(4,099,793	)	$	4,264,915
LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Current Liabilities:
Accounts payable	$	6		$	97,445	$	26,990	$	—		$	124,441
Accrued liabilities and intercompany payable	30,857			128,084		97,799		(55,947		)	200,793
Current portion of program rights obligations	—			225,375		64,522		—			289,897
Deferred revenue	—			54,921		9,308		—			64,229
Current portion of long-term debt	148,000			—		—		—			148,000
Current portion of capital lease obligations	—			2,393		1,168		—			3,561
Total current liabilities	178,863			508,218		199,787		(55,947		)	830,921
Program rights obligations	—			415,419		25,172		—			440,591
Long-term debt	2,519,808			—		—		—			2,519,808
Capital lease obligations	—			9,268		20,511		—			29,779
Deferred tax liability, net	126,415			—		10,818		—			137,233
Other liabilities and intercompany notes payable	32,209			62,805		409,355		(400,839		)	103,530
Total liabilities	2,857,295			995,710		665,643		(456,786		)	4,061,862
Commitments and contingencies
Redeemable noncontrolling interests	—			—		211,691		—			211,691
Stockholders’ deficiency:
AMC Networks stockholders’ (deficiency) equity	(39,277		)	2,797,938		845,069		(3,643,007		)	(39,277		)
Non-redeemable noncontrolling interests	—			—		30,639		—			30,639
Total stockholders’ (deficiency) equity	(39,277		)	2,797,938		875,708		(3,643,007		)	(8,638		)
Total liabilities and stockholders’ (deficiency) equity	$	2,818,018		$	3,793,648	$	1,753,042	$	(4,099,793	)	$	4,264,915

Condensed Consolidating Statement of Income
Three Months Ended March 31, 2016
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues, net	$	—		$	554,326		$	154,737		$	(2,484	)	$	706,579
Operating expenses:
Technical and operating (excluding depreciation and amortization)	—			190,110			84,847			(683		)	274,274
Selling, general and administrative	—			114,357			41,348			(1,804		)	153,901
Restructuring expense (credit)	—			(70		)	35			—			(35		)
Depreciation and amortization	—			10,075			9,557			—			19,632
Total operating expenses	—			314,472			135,787			(2,487		)	447,772
Operating income	—			239,854			18,950			3			258,807
Other income (expense):
Interest expense, net	(30,572		)	9,293			(9,750		)	—			(31,029		)
Share of affiliates’ income (loss)	246,047			(770		)	—			(245,277		)	—
Loss on extinguishment of debt	(48,334		)	—			—			—			(48,334		)
Miscellaneous, net	(79		)	(21		)	(734		)	(3		)	(837		)
Total other income (expense)	167,062			8,502			(10,484		)	(245,280		)	(80,200		)
Income from operations before income taxes	167,062			248,356			8,466			(245,277		)	178,607
Income tax expense	(53,618		)	(2,309		)	(2,616		)	—			(58,543		)
Net income including noncontrolling interests	113,444			246,047			5,850			(245,277		)	120,064
Net income attributable to noncontrolling interests	—			—			(6,620		)	—			(6,620		)
Net income (loss) attributable to AMC Networks’ stockholders	$	113,444		$	246,047		$	(770	)	$	(245,277	)	$	113,444

Condensed Consolidating Statement of Income
Three Months Ended March 31, 2015
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues, net	$	—		$	539,444		$	129,463		$	(225	)	$	668,682
Operating expenses:
Technical and operating (excluding depreciation and amortization)	—			196,758			65,621			(206		)	262,173
Selling, general and administrative	—			118,486			36,091			2			154,579
Restructuring expense	—			114			542			—			656
Depreciation and amortization	—			8,967			11,560			—			20,527
Total operating expenses	—			324,325			113,814			(204		)	437,935
Operating income	—			215,119			15,649			(21		)	230,747
Other income (expense):
Interest expense, net	(20,353		)	(10,466		)	(1,768		)	—			(32,587		)
Share of affiliates’ income	275,985			4,385			—			(280,370		)	—
Miscellaneous, net	(76,315		)	69,315			(3,251		)	21			(10,230		)
Total other income (expense)	179,317			63,234			(5,019		)	(280,349		)	(42,817		)
Income from operations before income taxes	179,317			278,353			10,630			(280,370		)	187,930
Income tax expense	(58,398		)	(2,367		)	(489		)	—			(61,254		)
Net income including noncontrolling interests	120,919			275,986			10,141			(280,370		)	126,676
Net income attributable to noncontrolling interests	—			—			(5,756		)	—			(5,756		)
Net income attributable to AMC Networks’ stockholders	$	120,919		$	275,986		$	4,385		$	(280,370	)	$	120,920

Condensed Consolidating Statement of Comprehensive Income
Three Months Ended March 31, 2016
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income including noncontrolling interest	$	113,444		$	246,047		$	5,850		$	(245,277	)	$	120,064
Other comprehensive income (loss):
Foreign currency translation adjustment	(2,845		)	(2,845		)	18,230			2,845			15,385
Unrealized gain on interest rate swaps	(1,578		)	—			—			—			(1,578		)
Other comprehensive (loss) income, before income taxes	(4,423		)	(2,845		)	18,230			2,845			13,807
Income tax expense	(1,899		)	—			—			—			(1,899		)
Other comprehensive (loss) income, net of income taxes	(6,322		)	(2,845		)	18,230			2,845			11,908
Comprehensive income (loss)	107,122			243,202			24,080			(242,432		)	131,972
Comprehensive income attributable to noncontrolling interests	—			—			(7,032		)	—			(7,032		)
Comprehensive income attributable to AMC Networks’ stockholders	$	107,122		$	243,202		$	17,048		$	(242,432	)	$	124,940

Condensed Consolidating Statement of Comprehensive Income
Three Months Ended March 31, 2015
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income including non controlling interest	$	120,919		$	275,986		$	10,141		$	(280,370	)	$	126,676
Other comprehensive income (loss):
Foreign currency translation adjustment	(71,711		)	(71,692		)	10,886			71,692			(60,825		)
Unrealized gain on interest rate swaps	696			—			—			—			696
Other comprehensive (loss) income, before income taxes	(71,015		)	(71,692		)	10,886			71,692			(60,129		)
Income tax expense	(2,279		)	—			—			—			(2,279		)
Other comprehensive (loss) income, net of income taxes	(73,294		)	(71,692		)	10,886			71,692			(62,408		)
Comprehensive income	47,625			204,294			21,027			(208,678		)	64,268
Comprehensive income attributable to noncontrolling interests	—			—			(4,332		)	—			(4,332		)
Comprehensive income attributable to AMC Networks’ stockholders	$	47,625		$	204,294		$	16,695		$	(208,678	)	$	59,936

Condensed Consolidating Statement of Cash Flows
Three Months Ended March 31, 2016
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net cash provided by operating activities	$	204,100		$	193,453		$	19,383		$	(249,552	)	$	167,384
Cash flows from investing activities:
Capital expenditures	2			(8,151		)	(4,238		)	—			(12,387		)
(Increase) decrease to investment in affiliates	(160,665		)	(72,411		)	(13,181		)	246,257			—
Net cash used in investing activities	(160,663		)	(80,562		)	(17,419		)	246,257			(12,387		)
Cash flows from financing activities:
Proceeds from the issuance of long-term debt	982,500			—			—			—			982,500
Principal payments on long-term debt	(691,449		)	—			—			—			(691,449		)
Premium and fees paid on extinguishment of debt	(39,179		)	—			—			—			(39,179		)
Payments for financing costs	(2,070		)	—			—			—			(2,070		)
Deemed repurchases of restricted stock/units	(10,413		)	—			—			—			(10,413		)
Proceeds from stock option exercises	1,200			—			—			—			1,200
Excess tax benefits from share-based compensation arrangements	852			—			—			—			852
Principal payments on capital lease obligations	—			(597		)	(489		)	—			(1,086		)
Distributions to noncontrolling interest	—			—			(8,968		)	—			(8,968		)
Net cash provided by (used in) financing activities	241,441			(597		)	(9,457		)	—			231,387
Net increase (decrease) in cash and cash equivalents from operations	284,878			112,294			(7,493		)	(3,295		)	386,384
Effect of exchange rate changes on cash and cash equivalents	(5,844		)	(3,295		)	5,939			3,295			95
Cash and cash equivalents at beginning of period	434			148,260			167,627			—			316,321
Cash and cash equivalents at end of period	$	279,468		$	257,259		$	166,073		$	—		$	702,800

Condensed Consolidated Statement of Cash Flows
Three Months Ended March 31, 2015
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net cash provided by operating activities	$	223,495		$	111,816		$	25,373		$	(280,489	)	$	80,195
Cash flows from investing activities:
Capital expenditures	(9		)	(13,416		)	(4,823		)	—			(18,248		)
Payments for acquisitions, net of cash acquired	—			—			(6,581		)	—			(6,581		)
Acquisition of investments	—			(82		)	(25,128		)	—			(25,210		)
Increase to investment in affiliates	(122,915		)	(14,892		)	(70,990		)	208,797			—
Net cash used in investing activities	(122,924		)	(28,390		)	(107,522		)	208,797			(50,039		)
Cash flows from financing activities:
Principal payments on long-term debt	(18,500		)	—			—			—			(18,500		)
Deemed repurchases of restricted stock/units	(12,848		)	—			—			—			(12,848		)
Proceeds from stock option exercises	130			—			—			—			130
Excess tax benefits from share-based compensation arrangements	3,672			—			—			—			3,672
Principal payments on capital lease obligations	—			(542		)	(878		)	—			(1,420		)
Net cash used in financing activities	(27,546		)	(542		)	(878		)	—			(28,966		)
Net increase (decrease) in cash and cash equivalents from operations	73,025			82,884			(83,027		)	(71,692		)	1,190
Effect of exchange rate changes on cash and cash equivalents	(73,735		)	(71,692		)	65,485			71,692			(8,250		)
Cash and cash equivalents at beginning of period	1,581			83,676			116,110			—			201,367
Cash and cash equivalents at end of period	$	871		$	94,868		$	98,568		$	—		$	194,307

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Description of Business and Basis of Presentation (Policies)

3 Months Ended

Mar. 31, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Consolidation, Policy

Principles of Consolidation

These unaudited condensed consolidated financial statements include the accounts of AMC Networks and its majority owned or controlled subsidiaries. All intercompany transactions and balances have been eliminated in consolidation.

Investments in business entities in which the Company lacks control but does have the ability to exercise significant influence over operating and financial policies are accounted for using the equity method of accounting.

Unaudited Interim Financial Statements

These condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and Article 10 of Regulation S-X of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the Company’s consolidated financial statements and notes thereto for the year ended December 31, 2015 contained in the Company’s Annual Report on Form 10-K (“2015 Form 10-K”) filed with the SEC. The condensed consolidated financial statements presented in this Quarterly Report on Form 10-Q are unaudited; however, in the opinion of management, such financial statements reflect all adjustments, consisting solely of normal recurring adjustments, necessary for a fair presentation of the results for the interim periods presented.

The results of operations for interim periods are not necessarily indicative of the results that might be expected for future interim periods or for the full year ending December 31, 2016.

Program Rights, Policy

Program Rights

The Company periodically reviews the programming usefulness of its licensed and owned original program rights based on a series of factors, including expected future revenue generation from airings on the Company’s networks and other exploitation opportunities, ratings, type and quality of program material, standards and practices, and fitness for exhibition through various forms of distribution. If it is determined that film or other program rights have no future programming usefulness, a write-off of the unamortized cost is recorded in technical and operating expense. There were no program rights write-offs included in technical and operating expense for the three months ended March 31, 2016. Program rights write-offs included in technical and operating expense of $9,596 were recorded for the three months ended March 31, 2015.

Use of Estimates, Policy

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements; and the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates. Significant estimates and judgments inherent in the preparation of the consolidated financial statements include the valuation of acquisition-related assets and liabilities, the useful lives and methodologies used to amortize and assess recoverability of program rights, the estimated useful lives of intangible assets, valuation and recoverability of goodwill and intangible assets and income tax assets and liabilities.

New Accounting Pronouncements, Policy

Recently Issued Accounting Pronouncements

In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The updated guidance changes how companies account for certain aspects of share-based payment awards to employees, including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as the classification of related matters in the statement of cash flows. ASU 2016-09 is effective for the first quarter of 2017. The Company is currently assessing the impact the adoption will have on its consolidated financial statements.

In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). ASU 2016-02 requires lessees to put most of their leases on the balance sheet, which will be recognized as a right-of-use asset and a lease liability. The Company will be required to classify each separate lease component as an operating or finance lease at the lease commencement date. Initial measurement of the right-of-use asset and lease liability is the same for operating and finance leases, however expense recognition and amortization of the right-of-use asset differs. Operating leases will reflect lease expense on a straight-line basis similar to current operating leases. The straight-line expense will reflect the interest expense on the lease liability (effective interest method) and amortization of the right-of-use asset, which will be presented as a single line item in the operating expense section of the income statement. Finance leases will reflect a front-loaded expense pattern similar to the pattern for current capital leases. ASU 2016-02 is effective for the first quarter of 2019, with early adoption permitted. The Company is currently determining its implementation approach and assessing the impact the adoption will have on its consolidated financial statements.

In November 2015, the FASB issued ASU No. 2015-17, Income Taxes (Topic 740) Balance Sheet Classification of Deferred Taxes. ASU 2015-17 requires deferred tax liabilities and assets be classified as noncurrent in the statement of financial position. ASU 2015-17 is effective for the first quarter of 2017 with early adoption permitted. The adoption of ASU 2015-17 is not expected to have a material impact on the Company's consolidated financial statements.

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). ASU 2014-09 provides new guidance related to how an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard requires an evaluation of (i) transfer of control, (ii) variable consideration, (iii) allocation of selling price for multiple elements, (iv) intellectual property licenses, (v) time value of money, and (vi) contract costs. The standard also expands the required disclosures related to revenue and cash flows from contracts with customers to provide greater insight into both revenue that has been recognized, and revenue that is expected to be recognized in the future from existing contracts. In March 2016, the FASB issued ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations. ASU 2016-08 retains the guidance that the principal in an arrangement controls a good or service before it is transferred to a customer and clarifies: (i) that the entity must first identify the good or service being provided, (ii)how an entity should identify the unit of accounting for the principal versus agent evaluation, (iii)how the control principle applies to transactions, such as service arrangements, and (iv) how to assess whether an entity controls services performed by another party. Both ASU 2014-09 and ASU 2016-08 are effective for the first quarter of 2018, with early adoption permitted and retrospective application required. The Company is currently determining its implementation approach and assessing the impact the adoption will have on its consolidated financial statements.

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Net Income Per Share (Tables)

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Schedule of Weighted Average Number of Shares

The following is a reconciliation between basic and diluted weighted average shares outstanding:

	Three Months Ended March 31,
	2016	2015
Basic weighted average common shares outstanding	72,579,000	72,206,000
Effect of dilution:
Stock options	51,000	204,000
Restricted stock units	644,000	560,000
Diluted weighted average common shares outstanding	73,274,000	72,970,000

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Restructuring (Tables)

3 Months Ended

Mar. 31, 2016

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs

The following table summarizes the restructuring expense (credit) recognized by operating segment:

	Three Months Ended March 31,
	2016			2015
National Networks	$	30		$	66
International & Other	(65		)	590
Total restructuring expense (credit)	$	(35	)	$	656

Schedule of Restructuring Reserve by Type of Cost

The following table summarizes the accrued restructuring costs:

	Severance and employee-related costs			Other exit costs			Total
December 31, 2015	$	9,498		$	512		$	10,010
Credits	(35		)	—			(35		)
Cash payments	(7,174		)	(95		)	(7,269		)
Currency translation	(84		)	19			(65		)
March 31, 2016	$	2,205		$	436		$	2,641

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Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule Of Goodwill

The carrying amount of goodwill, by operating segment is as follows:

	National Networks			International and Other			Total
December 31, 2015	$	244,849		$	491,426		$	736,275
Purchase accounting adjustments	—			(6,965		)	(6,965		)
Amortization of “second component” goodwill	(631		)	—			(631		)
Foreign currency translation	—			3,314			3,314
March 31, 2016	$	244,218		$	487,775		$	731,993

Schedule of Finite-Lived Intangible Assets

The following tables summarize information relating to the Company’s identifiable intangible assets:

	March 31, 2016
	Gross		Accumulated Amortization			Net		Estimated Useful Lives
Amortizable intangible assets:
Affiliate and customer relationships	$	546,308	$	(118,551	)	$	427,757	11 to 25 years
Advertiser relationships	46,282		(6,042		)	40,240		11 years
Trade names	57,756		(5,229		)	52,527		20 years
Other amortizable intangible assets	10,807		(310		)	10,497		5 years
Total amortizable intangible assets	661,153		(130,132		)	531,021
Indefinite-lived intangible assets:
Trademarks	19,900		—			19,900
Total intangible assets	$	681,053	$	(130,132	)	$	550,921
	December 31, 2015
	Gross		Accumulated Amortization			Net
Amortizable intangible assets:
Affiliate and customer relationships	$	554,012	$	(110,203	)	$	443,809
Advertiser relationships	46,282		(4,990		)	41,292
Trade names	48,522		(4,353		)	44,169
Other amortizable intangible assets	15		(5		)	10
Total amortizable intangible assets	648,831		(119,551		)	529,280
Indefinite-lived intangible assets:
Trademarks	19,900		—			19,900
Total intangible assets	$	668,731	$	(119,551	)	$	549,180

Schedule of Indefinite-Lived Intangible Assets

The following tables summarize information relating to the Company’s identifiable intangible assets:

	March 31, 2016
	Gross		Accumulated Amortization			Net		Estimated Useful Lives
Amortizable intangible assets:
Affiliate and customer relationships	$	546,308	$	(118,551	)	$	427,757	11 to 25 years
Advertiser relationships	46,282		(6,042		)	40,240		11 years
Trade names	57,756		(5,229		)	52,527		20 years
Other amortizable intangible assets	10,807		(310		)	10,497		5 years
Total amortizable intangible assets	661,153		(130,132		)	531,021
Indefinite-lived intangible assets:
Trademarks	19,900		—			19,900
Total intangible assets	$	681,053	$	(130,132	)	$	550,921
	December 31, 2015
	Gross		Accumulated Amortization			Net
Amortizable intangible assets:
Affiliate and customer relationships	$	554,012	$	(110,203	)	$	443,809
Advertiser relationships	46,282		(4,990		)	41,292
Trade names	48,522		(4,353		)	44,169
Other amortizable intangible assets	15		(5		)	10
Total amortizable intangible assets	648,831		(119,551		)	529,280
Indefinite-lived intangible assets:
Trademarks	19,900		—			19,900
Total intangible assets	$	668,731	$	(119,551	)	$	549,180

Schedule Of Estimated Amortization Expense

Estimated aggregate amortization expense for intangible assets subject to amortization for each of the following five years is:

Years Ending December 31,
2016	$	39,106
2017	38,968
2018	38,968
2019	38,965
2020	38,961

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Accrued Liabilities (Tables)

3 Months Ended

Mar. 31, 2016

Accrued Liabilities, Current [Abstract]

Schedule of Accrued Liabilities

Accrued liabilities consist of the following:

	March 31, 2016		December 31, 2015
Interest	$	11,473	$	28,246
Employee related costs	73,093		119,931
Income taxes payable	37,899		2,112
Other accrued expenses	45,836		50,504
Total accrued liabilities	$	168,301	$	200,793

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Debt (Tables)

3 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

Schedule Of Long-Term Debt Instruments

The Company’s long-term debt consists of the following:

	March 31, 2016			December 31, 2015
Senior Secured Credit Facility: (a)
Term Loan A Facility	$	1,369,000		$	1,406,000
Senior Notes:
5.00% Notes due April 2024	1,000,000			—
7.75% Notes due July 2021	45,551			700,000
4.75% Notes due December 2022	600,000			600,000
Total long-term debt	3,014,551			2,706,000
Unamortized discount	(26,577		)	(17,911		)
Unamortized deferred financing costs	(19,784		)	(20,281		)
Long-term debt, net	2,968,190			2,667,808
Current portion of long-term debt	166,500			148,000
Noncurrent portion of long-term debt	$	2,801,690		$	2,519,808

(a) The Company’s $500,000 revolving credit facility remains undrawn at March 31, 2016. Total undrawn revolver commitments are available to be drawn for general corporate purposes of the Company.

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Fair Value Measurement (Tables)

3 Months Ended

Mar. 31, 2016

Fair Value Disclosures [Abstract]

Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis

The following table presents for each of these hierarchy levels, the Company’s financial assets and liabilities that are measured at fair value on a recurring basis:

	Level I		Level II		Total
At March 31, 2016:
Assets:
Cash equivalents	$	22,116	$	—	$	22,116
Interest rate swap contracts	—		172		172
Foreign currency derivatives	—		4,932		4,932
Liabilities:
Interest rate swap contracts	—		2,518		2,518
Foreign currency derivatives	$	—	$	3,455	$	3,455
At December 31, 2015:
Assets:
Cash equivalents	$	2,027	$	—	$	2,027
Interest rate swap contracts	—		1,449		1,449
Foreign currency derivatives	—		4,421		4,421
Liabilities:
Interest rate swap contracts	—		2,682		2,682
Foreign currency derivatives	$	—	$	3,107	$	3,107

Carrying Values And Fair Values Of The Company's Financial Instruments

The carrying values and estimated fair values of the Company’s financial instruments, excluding those that are carried at fair value in the condensed consolidated balance sheets, are summarized as follows:

	March 31, 2016
	Carrying Amount		Estimated Fair Value
Debt instruments:
Term Loan A Facility	$	1,351,480	$	1,341,620
5.00% Notes due April 2024	980,430		1,006,250
7.75% Notes due July 2021	44,981		48,193
4.75% Notes due December 2022	591,299		601,500
	$	2,968,190	$	2,997,563

	December 31, 2015
	Carrying Amount		Estimated Fair Value
Debt instruments:
Term Loan A Facility	$	1,386,869	$	1,370,850
7.75% Notes due July 2021	689,910		737,625
4.75% Notes due December 2022	591,029		600,000
	$	2,667,808	$	2,708,475

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Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value Of Derivative Instruments Included In Balance Sheets

The fair values of the Company’s derivative financial instruments included in the condensed consolidated balance sheets are as follows:

	Balance Sheet  Location	March 31, 2016		December 31, 2015
Derivatives designated as hedging instruments:
Assets:
Interest rate swap contracts	Other assets	$	172	$	1,449
Liabilities:
Interest rate swap contracts	Other liabilities	301		—
Derivatives not designated as hedging instruments:
Assets:
Foreign currency derivatives	Prepaid expenses and other current assets	1,226		1,331
Foreign currency derivatives	Other assets	3,706		3,090
Liabilities:
Interest rate swap contracts	Accrued liabilities	390		660
Interest rate swap contracts	Other liabilities	1,827		2,022
Foreign currency derivatives	Accrued liabilities	1,184		1,429
Foreign currency derivatives	Other liabilities	2,271		1,678

Schedule Of Gains And Losses Related To Derivative Instruments

The amounts of gains and losses related to the Company’s derivative financial instruments designated as hedging instruments are as follows:

	Gain or (Loss) on Derivatives  Recognized in OCI						Location of Gain or (Loss) in Earnings	Gain or (Loss) Reclassified  from Accumulated OCI  into Earnings (a)
	Three Months Ended March 31,							Three Months Ended March 31,
	2016			2015				2016			2015
Derivatives in cash flow hedging relationships:
Interest rate swap contracts	$	(1,741	)	$	(272	)	Interest expense	$	(163	)	$	(968	)

(a) There were no gains or losses recognized in earnings related to any ineffective portion of hedging relationships or related to any amount excluded from the assessment of hedge effectiveness for the three months ended March 31, 2016 and 2015.

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The amounts of gains and losses related to the Company’s derivative financial instruments not designated as hedging instruments are as follows:

	Location of Gain or (Loss) Recognized in Earnings  on Derivatives	Amount of Gain or (Loss) Recognized in Earnings on Derivatives
		Three Months Ended March 31,
		2016			2015
Derivatives not designated as hedging relationships:
Interest rate swap contracts	Interest expense	$	(181	)	$	(421	)
Foreign currency derivatives	Miscellaneous, net	52			493
Total		$	(129	)	$	72

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Redeemable Noncontrolling Interests (Tables)

3 Months Ended

Mar. 31, 2016

Noncontrolling Interest [Abstract]

Redeemable Noncontrolling Interest

The following table summarizes activity related to redeemable noncontrolling interest for the three months ended March 31, 2016.

	Three Months Ended March 31, 2016
December 31, 2015	$	211,691
Net earnings	5,809
Distributions	(8,968		)
Other	(19		)
March 31, 2016	$	208,513

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Cash Flows (Tables)

3 Months Ended

Mar. 31, 2016

Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]

Summary Of Non-Cash Activities And Other Supplemental Data

The Company’s non-cash investing and financing activities and other supplemental data are as follows:

	Three Months Ended March 31,
	2016	2015
Non-Cash Investing and Financing Activities:
Increase in capital lease obligations	10,983	—
Capital expenditures incurred but not yet paid	2,722	2,399
Supplemental Data:
Cash interest paid	46,436	37,132
Income taxes paid, net	5,600	13,005

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Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2016

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Loss

The following table details the components of accumulated other comprehensive loss:

	Three Months Ended March 31, 2016									Three Months Ended March 31, 2015
	Currency Translation Adjustment			Gains (Losses) on Cash Flow Hedges			Accumulated Other Comprehensive Income (Loss)			Currency Translation Adjustment			Gains (Losses) on Cash Flow Hedges			Accumulated Other Comprehensive Income (Loss)
Beginning balance	$	(136,434	)	$	377		$	(136,057	)	$	(77,492	)	$	(1,756	)	$	(79,248	)
Other comprehensive income (loss) before reclassifications	15,385			(1,741		)	13,644			(60,825		)	(272		)	(61,097		)
Amounts reclassified from accumulated other comprehensive loss	—			163			163			—			968			968
Net current-period other comprehensive income (loss), before income taxes	15,385			(1,578		)	13,807			(60,825		)	696			(60,129		)
Income tax expense	(2,477		)	578			(1,899		)	(2,024		)	(255		)	(2,279		)
Net current-period other comprehensive income (loss), net of income taxes	12,908			(1,000		)	11,908			(62,849		)	441			(62,408		)
Ending balance	$	(123,526	)	$	(623	)	$	(124,149	)	$	(140,341	)	$	(1,315	)	$	(141,656	)

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Segment Information (Tables)

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Summary Of Continuing Operations By Reportable Segment

The Company has presented the components that reconcile adjusted operating cash flow to operating income, an accepted GAAP measure, and other information as to the continuing operations of the Company’s reportable segments below.

	Three Months Ended March 31, 2016
	National Networks			International and Other			Inter-segment eliminations			Consolidated
Revenues, net
Advertising	$	263,852		$	22,825		$	—		$	286,677
Distribution	334,783			86,223			(1,104		)	419,902
Consolidated revenues, net	$	598,635		$	109,048		$	(1,104	)	$	706,579
Adjusted operating cash flow	$	280,952		$	5,106		$	511		$	286,569
Depreciation and amortization	(7,969		)	(11,663		)	—			(19,632		)
Share-based compensation expense	(6,221		)	(1,944		)	—			(8,165		)
Restructuring (expense) credit	(30		)	65			—			35
Operating income (loss)	$	266,732		$	(8,436	)	$	511		$	258,807
Capital expenditures	$	1,980		$	10,407		$	—		$	12,387
	Three Months Ended March 31, 2015
	National Networks			International and Other			Inter-segment eliminations			Consolidated
Revenues, net
Advertising	$	260,439		$	18,803		$	—		$	279,242
Distribution	302,409			87,552			(521		)	389,440
Consolidated revenues, net	$	562,848		$	106,355		$	(521	)	$	668,682
Adjusted operating cash flow	$	253,258		$	5,679		$	281		$	259,218
Depreciation and amortization	(7,361		)	(13,166		)	—			(20,527		)
Share-based compensation expense	(5,410		)	(1,878		)	—			(7,288		)
Restructuring expense	(66		)	(590		)	—			(656		)
Operating income (loss)	$	240,421		$	(9,955	)	$	281		$	230,747
Capital expenditures	$	7,135		$	11,113		$	—		$	18,248

Summary Of Inter-Segment Eliminations

Inter-segment eliminations are primarily revenues recognized by AMC Networks Broadcasting & Technology for transmission revenues recognized from the International and Other operating segment as well as licensing revenues recognized between the National Networks and International and Other segments.

	Three Months Ended March 31,
	2016			2015
Inter-segment revenues
National Networks	$	(944	)	$	(452	)
International and Other	(160		)	(69		)
	$	(1,104	)	$	(521	)

Schedule of Revenue by Geographic Area

The table below summarizes revenues based on customer location:

	Three Months Ended March 31,
	2016		2015
Revenues
United States	$	574,334	$	563,825
Europe	93,962		75,886
Other	38,283		28,971
	$	706,579	$	668,682

Schedule of Disclosure on Geographic Areas, Long-Lived Assets

The table below summarizes property and equipment based on asset location:

	March 31, 2016		December 31, 2015
Property and equipment, net
United States	$	90,592	$	93,951
Europe	61,996		48,043
Other	21,381		21,866
	$	173,969	$	163,860

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Condensed Consolidating Financial Statements (Tables)

3 Months Ended

Mar. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheet

Condensed Consolidating Balance Sheet
March 31, 2016
	Parent Company		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	279,468	$	257,259	$	166,073	$	—		$	702,800
Accounts receivable, trade (less allowance for doubtful accounts)	—		519,912		165,232		—			685,144
Amounts due from related parties, net	—		2,743		238		—			2,981
Current portion of program rights, net	—		335,169		113,366		—			448,535
Prepaid expenses, other current assets and intercompany receivable	89		136,839		15,073		(89,558		)	62,443
Deferred tax asset, net	18,881		—		5,178		—			24,059
Total current assets	298,438		1,251,922		465,160		(89,558		)	1,925,962
Property and equipment, net of accumulated depreciation	—		89,929		84,040		—			173,969
Investment in affiliates	2,986,397		852,545		—		(3,838,942		)	—
Program rights, net	—		907,952		138,350		—			1,046,302
Long-term intercompany notes receivable	—		400,109		603		(400,712		)	—
Deferred carriage fees, net	—		44,592		2,469		—			47,061
Intangible assets, net	—		187,605		363,316		—			550,921
Goodwill	—		71,069		660,924		—			731,993
Other assets	172		101,426		100,423		—			202,021
Total assets	$	3,285,007	$	3,907,149	$	1,815,285	$	(4,329,212	)	$	4,678,229
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable	$	301	$	98,580	$	32,527	$	—		$	131,408
Accrued liabilities and intercompany payable	51,586		74,889		131,384		(89,558		)	168,301
Current portion of program rights obligations	—		223,834		71,253		—			295,087
Deferred revenue	—		56,404		11,764		—			68,168
Current portion of long-term debt	166,500		—		—		—			166,500
Current portion of capital lease obligations	—		2,300		1,920		—			4,220
Total current liabilities	218,387		456,007		248,848		(89,558		)	833,684
Program rights obligations	—		405,338		22,104		—			427,442
Long-term debt	2,801,690		—		—		—			2,801,690
Capital lease obligations	—		8,857		31,165		—			40,022
Deferred tax liability, net	144,968		—		11,519		—			156,487
Other liabilities and intercompany notes payable	34,058		50,550		408,729		(400,712		)	92,625
Total liabilities	3,199,103		920,752		722,365		(490,270		)	4,351,950
Commitments and contingencies
Redeemable noncontrolling interests	—		—		208,513		—			208,513
Stockholders’ equity:
AMC Networks stockholders’ equity	85,904		2,986,397		852,545		(3,838,942		)	85,904
Non-redeemable noncontrolling interests	—		—		31,862		—			31,862
Total stockholders’ equity	85,904		2,986,397		884,407		(3,838,942		)	117,766
Total liabilities and stockholders’ equity	$	3,285,007	$	3,907,149	$	1,815,285	$	(4,329,212	)	$	4,678,229

Condensed Consolidating Balance Sheet
December 31, 2015
	Parent Company			Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	434		$	148,260	$	167,627	$	—		$	316,321
Accounts receivable, trade (less allowance for doubtful accounts)	—			538,657		135,954		—			674,611
Amounts due from related parties, net	—			3,818		244		—			4,062
Current portion of program rights, net	—			352,664		100,493		—			453,157
Prepaid expenses, other current assets and intercompany receivable	4,158			112,456		12,322		(55,947		)	72,989
Deferred tax asset, net	14,039			—		2,159		—			16,198
Total current assets	18,631			1,155,855		418,799		(55,947		)	1,537,338
Property and equipment, net	—			93,007		70,853		—			163,860
Investment in affiliates	2,797,938			845,069		—		(3,643,007		)	—
Program rights, net	—			889,756		137,638		—			1,027,394
Long-term intercompany notes receivable	—			400,163		676		(400,839		)	—
Deferred carriage fees, net	—			47,437		2,632		—			50,069
Intangible assets, net	—			190,041		359,139		—			549,180
Goodwill	—			71,700		664,575		—			736,275
Other assets	1,449			100,620		98,730		—			200,799
Total assets	$	2,818,018		$	3,793,648	$	1,753,042	$	(4,099,793	)	$	4,264,915
LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Current Liabilities:
Accounts payable	$	6		$	97,445	$	26,990	$	—		$	124,441
Accrued liabilities and intercompany payable	30,857			128,084		97,799		(55,947		)	200,793
Current portion of program rights obligations	—			225,375		64,522		—			289,897
Deferred revenue	—			54,921		9,308		—			64,229
Current portion of long-term debt	148,000			—		—		—			148,000
Current portion of capital lease obligations	—			2,393		1,168		—			3,561
Total current liabilities	178,863			508,218		199,787		(55,947		)	830,921
Program rights obligations	—			415,419		25,172		—			440,591
Long-term debt	2,519,808			—		—		—			2,519,808
Capital lease obligations	—			9,268		20,511		—			29,779
Deferred tax liability, net	126,415			—		10,818		—			137,233
Other liabilities and intercompany notes payable	32,209			62,805		409,355		(400,839		)	103,530
Total liabilities	2,857,295			995,710		665,643		(456,786		)	4,061,862
Commitments and contingencies
Redeemable noncontrolling interests	—			—		211,691		—			211,691
Stockholders’ deficiency:
AMC Networks stockholders’ (deficiency) equity	(39,277		)	2,797,938		845,069		(3,643,007		)	(39,277		)
Non-redeemable noncontrolling interests	—			—		30,639		—			30,639
Total stockholders’ (deficiency) equity	(39,277		)	2,797,938		875,708		(3,643,007		)	(8,638		)
Total liabilities and stockholders’ (deficiency) equity	$	2,818,018		$	3,793,648	$	1,753,042	$	(4,099,793	)	$	4,264,915

Condensed Income Statement

Condensed Consolidating Statement of Income
Three Months Ended March 31, 2016
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues, net	$	—		$	554,326		$	154,737		$	(2,484	)	$	706,579
Operating expenses:
Technical and operating (excluding depreciation and amortization)	—			190,110			84,847			(683		)	274,274
Selling, general and administrative	—			114,357			41,348			(1,804		)	153,901
Restructuring expense (credit)	—			(70		)	35			—			(35		)
Depreciation and amortization	—			10,075			9,557			—			19,632
Total operating expenses	—			314,472			135,787			(2,487		)	447,772
Operating income	—			239,854			18,950			3			258,807
Other income (expense):
Interest expense, net	(30,572		)	9,293			(9,750		)	—			(31,029		)
Share of affiliates’ income (loss)	246,047			(770		)	—			(245,277		)	—
Loss on extinguishment of debt	(48,334		)	—			—			—			(48,334		)
Miscellaneous, net	(79		)	(21		)	(734		)	(3		)	(837		)
Total other income (expense)	167,062			8,502			(10,484		)	(245,280		)	(80,200		)
Income from operations before income taxes	167,062			248,356			8,466			(245,277		)	178,607
Income tax expense	(53,618		)	(2,309		)	(2,616		)	—			(58,543		)
Net income including noncontrolling interests	113,444			246,047			5,850			(245,277		)	120,064
Net income attributable to noncontrolling interests	—			—			(6,620		)	—			(6,620		)
Net income (loss) attributable to AMC Networks’ stockholders	$	113,444		$	246,047		$	(770	)	$	(245,277	)	$	113,444

Condensed Consolidating Statement of Income
Three Months Ended March 31, 2015
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues, net	$	—		$	539,444		$	129,463		$	(225	)	$	668,682
Operating expenses:
Technical and operating (excluding depreciation and amortization)	—			196,758			65,621			(206		)	262,173
Selling, general and administrative	—			118,486			36,091			2			154,579
Restructuring expense	—			114			542			—			656
Depreciation and amortization	—			8,967			11,560			—			20,527
Total operating expenses	—			324,325			113,814			(204		)	437,935
Operating income	—			215,119			15,649			(21		)	230,747
Other income (expense):
Interest expense, net	(20,353		)	(10,466		)	(1,768		)	—			(32,587		)
Share of affiliates’ income	275,985			4,385			—			(280,370		)	—
Miscellaneous, net	(76,315		)	69,315			(3,251		)	21			(10,230		)
Total other income (expense)	179,317			63,234			(5,019		)	(280,349		)	(42,817		)
Income from operations before income taxes	179,317			278,353			10,630			(280,370		)	187,930
Income tax expense	(58,398		)	(2,367		)	(489		)	—			(61,254		)
Net income including noncontrolling interests	120,919			275,986			10,141			(280,370		)	126,676
Net income attributable to noncontrolling interests	—			—			(5,756		)	—			(5,756		)
Net income attributable to AMC Networks’ stockholders	$	120,919		$	275,986		$	4,385		$	(280,370	)	$	120,920

Comprehensive Income (Loss)

Condensed Consolidating Statement of Comprehensive Income
Three Months Ended March 31, 2016
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income including noncontrolling interest	$	113,444		$	246,047		$	5,850		$	(245,277	)	$	120,064
Other comprehensive income (loss):
Foreign currency translation adjustment	(2,845		)	(2,845		)	18,230			2,845			15,385
Unrealized gain on interest rate swaps	(1,578		)	—			—			—			(1,578		)
Other comprehensive (loss) income, before income taxes	(4,423		)	(2,845		)	18,230			2,845			13,807
Income tax expense	(1,899		)	—			—			—			(1,899		)
Other comprehensive (loss) income, net of income taxes	(6,322		)	(2,845		)	18,230			2,845			11,908
Comprehensive income (loss)	107,122			243,202			24,080			(242,432		)	131,972
Comprehensive income attributable to noncontrolling interests	—			—			(7,032		)	—			(7,032		)
Comprehensive income attributable to AMC Networks’ stockholders	$	107,122		$	243,202		$	17,048		$	(242,432	)	$	124,940

Condensed Consolidating Statement of Comprehensive Income
Three Months Ended March 31, 2015
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income including non controlling interest	$	120,919		$	275,986		$	10,141		$	(280,370	)	$	126,676
Other comprehensive income (loss):
Foreign currency translation adjustment	(71,711		)	(71,692		)	10,886			71,692			(60,825		)
Unrealized gain on interest rate swaps	696			—			—			—			696
Other comprehensive (loss) income, before income taxes	(71,015		)	(71,692		)	10,886			71,692			(60,129		)
Income tax expense	(2,279		)	—			—			—			(2,279		)
Other comprehensive (loss) income, net of income taxes	(73,294		)	(71,692		)	10,886			71,692			(62,408		)
Comprehensive income	47,625			204,294			21,027			(208,678		)	64,268
Comprehensive income attributable to noncontrolling interests	—			—			(4,332		)	—			(4,332		)
Comprehensive income attributable to AMC Networks’ stockholders	$	47,625		$	204,294		$	16,695		$	(208,678	)	$	59,936

Condensed Cash Flow Statement

Condensed Consolidating Statement of Cash Flows
Three Months Ended March 31, 2016
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net cash provided by operating activities	$	204,100		$	193,453		$	19,383		$	(249,552	)	$	167,384
Cash flows from investing activities:
Capital expenditures	2			(8,151		)	(4,238		)	—			(12,387		)
(Increase) decrease to investment in affiliates	(160,665		)	(72,411		)	(13,181		)	246,257			—
Net cash used in investing activities	(160,663		)	(80,562		)	(17,419		)	246,257			(12,387		)
Cash flows from financing activities:
Proceeds from the issuance of long-term debt	982,500			—			—			—			982,500
Principal payments on long-term debt	(691,449		)	—			—			—			(691,449		)
Premium and fees paid on extinguishment of debt	(39,179		)	—			—			—			(39,179		)
Payments for financing costs	(2,070		)	—			—			—			(2,070		)
Deemed repurchases of restricted stock/units	(10,413		)	—			—			—			(10,413		)
Proceeds from stock option exercises	1,200			—			—			—			1,200
Excess tax benefits from share-based compensation arrangements	852			—			—			—			852
Principal payments on capital lease obligations	—			(597		)	(489		)	—			(1,086		)
Distributions to noncontrolling interest	—			—			(8,968		)	—			(8,968		)
Net cash provided by (used in) financing activities	241,441			(597		)	(9,457		)	—			231,387
Net increase (decrease) in cash and cash equivalents from operations	284,878			112,294			(7,493		)	(3,295		)	386,384
Effect of exchange rate changes on cash and cash equivalents	(5,844		)	(3,295		)	5,939			3,295			95
Cash and cash equivalents at beginning of period	434			148,260			167,627			—			316,321
Cash and cash equivalents at end of period	$	279,468		$	257,259		$	166,073		$	—		$	702,800

Condensed Consolidated Statement of Cash Flows
Three Months Ended March 31, 2015
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net cash provided by operating activities	$	223,495		$	111,816		$	25,373		$	(280,489	)	$	80,195
Cash flows from investing activities:
Capital expenditures	(9		)	(13,416		)	(4,823		)	—			(18,248		)
Payments for acquisitions, net of cash acquired	—			—			(6,581		)	—			(6,581		)
Acquisition of investments	—			(82		)	(25,128		)	—			(25,210		)
Increase to investment in affiliates	(122,915		)	(14,892		)	(70,990		)	208,797			—
Net cash used in investing activities	(122,924		)	(28,390		)	(107,522		)	208,797			(50,039		)
Cash flows from financing activities:
Principal payments on long-term debt	(18,500		)	—			—			—			(18,500		)
Deemed repurchases of restricted stock/units	(12,848		)	—			—			—			(12,848		)
Proceeds from stock option exercises	130			—			—			—			130
Excess tax benefits from share-based compensation arrangements	3,672			—			—			—			3,672
Principal payments on capital lease obligations	—			(542		)	(878		)	—			(1,420		)
Net cash used in financing activities	(27,546		)	(542		)	(878		)	—			(28,966		)
Net increase (decrease) in cash and cash equivalents from operations	73,025			82,884			(83,027		)	(71,692		)	1,190
Effect of exchange rate changes on cash and cash equivalents	(73,735		)	(71,692		)	65,485			71,692			(8,250		)
Cash and cash equivalents at beginning of period	1,581			83,676			116,110			—			201,367
Cash and cash equivalents at end of period	$	871		$	94,868		$	98,568		$	—		$	194,307

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Description Of Business And Basis Of Presentation (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016 segment network	Mar. 31, 2015 USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of Operating Segments | segment	2
Number of Nationally Distributed Programming Networks | network	5
Program Rights Write Offs | $		$ 9,596

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Net Income Per Share (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 04, 2016
Antidilutive securities excluded from EPS		312,252
Stock Repurchase Program, Authorized Amount			$ 500,000
Performance Shares [Member]
Antidilutive securities excluded from EPS	137,000	125,000

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Net Income Per Share (Reconciliation Between Basic And Diluted Weighted Average Shares Outstanding) (Details) - shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Basic weighted average shares outstanding	72,579,000	72,206,000
Diluted weighted average shares outstanding	73,274,000	72,970,000
Stock Options [Member]
Incremental Weighted Average Shares Attributable to Dilutive Effect [Abstract]
Incremental Common Shares Attributable to Share-based Payment Arrangements	51,000	204,000
Restricted Stock Units (RSUs) [Member]
Incremental Weighted Average Shares Attributable to Dilutive Effect [Abstract]
Incremental Common Shares Attributable to Share-based Payment Arrangements	644,000	560,000

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Restructuring (Narrative) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	$ 2,641	$ 10,010
Accrued Liabilities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	2,571
Other Liabilities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	$ 70

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Restructuring (Restructuring and Related Costs) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring (credit) expense	$ (35)	$ 656
National Networks [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring (credit) expense	30	66
International And Other [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring (credit) expense	$ (65)	$ 590

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Restructuring (Schedule of Restructuring Reserve by Type of Cost) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Restructuring Reserve [Roll Forward]
December 31, 2015	$ 10,010
Charges (credits)	(35)	$ 656
Cash payments	(7,269)
Currency translation	(65)
March 31, 2016	2,641
Employee Severance [Member]
Restructuring Reserve [Roll Forward]
December 31, 2015	9,498
Charges (credits)	(35)
Cash payments	(7,174)
Currency translation	(84)
March 31, 2016	2,205
Other Restructuring [Member]
Restructuring Reserve [Roll Forward]
December 31, 2015	512
Charges (credits)	0
Cash payments	(95)
Currency translation	19
March 31, 2016	$ 436

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Goodwill and Other Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Goodwill, Subsequent Recognition of Deferred Tax Asset	$ 631
Finite-Lived Intangible Assets, Amortization Expense	9,900	$ 10,773
National Networks [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill, Subsequent Recognition of Deferred Tax Asset	$ 631

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Goodwill and Other Intangible Assets (Schedule Of Goodwill) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016 USD ($)
Goodwill [Roll Forward]
December 31, 2015	$ 736,275
Purchase accounting adjustments	(6,965)
Amortization of “second component” goodwill	(631)
Foreign currency translation	3,314
March 31, 2016	731,993
National Networks [Member]
Goodwill [Roll Forward]
December 31, 2015	244,849
Purchase accounting adjustments	0
Amortization of “second component” goodwill	(631)
Foreign currency translation	0
March 31, 2016	244,218
International And Other [Member]
Goodwill [Roll Forward]
December 31, 2015	491,426
Purchase accounting adjustments	(6,965)
Amortization of “second component” goodwill	0
Foreign currency translation	3,314
March 31, 2016	$ 487,775

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Goodwill and Other Intangible Assets (Schedule Of Finite and Indefinite-Lived Intangible Assets) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Gross Carrying Amount of Amortizable Intangible Assets	$ 661,153	$ 648,831
Accumulated amortization	(130,132)	(119,551)
Amortizable intangible assets, net of accumulated amortization	531,021	529,280
Trademarks	19,900	19,900
Intangible Assets, Gross, Excluding Goodwill	681,053	668,731
Total intangible assets, net	550,921	549,180
Affiliate and Customer Relationships [Member]
Gross Carrying Amount of Amortizable Intangible Assets	546,308	554,012
Accumulated amortization	(118,551)	(110,203)
Amortizable intangible assets, net of accumulated amortization	$ 427,757	443,809
Advertiser Relationships [Member]
Finite-Lived Intangible Asset, Useful Life	11 years
Gross Carrying Amount of Amortizable Intangible Assets	$ 46,282	46,282
Accumulated amortization	(6,042)	(4,990)
Amortizable intangible assets, net of accumulated amortization	$ 40,240	41,292
Trade Names [Member]
Finite-Lived Intangible Asset, Useful Life	20 years
Gross Carrying Amount of Amortizable Intangible Assets	$ 57,756	48,522
Accumulated amortization	(5,229)	(4,353)
Amortizable intangible assets, net of accumulated amortization	$ 52,527	44,169
Other Amortizable Intangible Assets [Member]
Finite-Lived Intangible Asset, Useful Life	5 years
Gross Carrying Amount of Amortizable Intangible Assets	$ 10,807	15
Accumulated amortization	(310)	(5)
Amortizable intangible assets, net of accumulated amortization	$ 10,497	$ 10
Minimum [Member] | Affiliate and Customer Relationships [Member]
Finite-Lived Intangible Asset, Useful Life	11 years
Maximum [Member] | Affiliate and Customer Relationships [Member]
Finite-Lived Intangible Asset, Useful Life	25 years

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Goodwill and Other Intangible Assets (Schedule Of Estimated Amortization Expense) (Details) $ in Thousands	Mar. 31, 2016 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2016	$ 39,106
2017	38,968
2018	38,968
2019	38,965
2020	$ 38,961

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Accrued Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Accrued Liabilities, Current [Abstract]
Interest	$ 11,473	$ 28,246
Employee related costs	73,093	119,931
Income taxes payable	37,899	2,112
Other accrued expenses	45,836	50,504
Total accrued liabilities	$ 168,301	$ 200,793

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Debt (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 3,014,551,000			$ 2,706,000,000
Debt Instrument, Unamortized Discount	26,577,000			17,911,000
Loss on extinguishment of debt	(48,334,000)	$ 0
Premium and fees paid on extinguishment of debt	39,179,000	$ 0
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	500,000,000
5.00% Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Unamortized Discount			$ 17,500,000
Deferred Finance Costs, Gross			2,070,000
5.00% Senior Notes [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross			1,000,000,000	0
7.75% Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	46,000,000
Redemption price per $1,000 of tendered debt			1,058.57
Unit of debt on which redemption price is paid			1,000
Debt Instrument, Repurchased Face Amount			654,000,000
Debt extinguishment including principal interest and fees			703,000,000
Debt Repurchase, Interest and Fees			$ 10,567,000
Write off of Debt Discount	8,185,000
Write off of Deferred Debt Issuance Cost	970,000
7.75% Senior Notes [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 45,551,000			$ 700,000,000
Debt Instrument, Redemption, Period One [Member] | 5.00% Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage	102.50%
Debt Instrument, Redemption, Period Two [Member] | 5.00% Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage	100.00%

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Debt (Summary Of Long-Term Debt) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Mar. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 3,014,551		$ 2,706,000
Unamortized discount	(26,577)		(17,911)
Unamortized deferred financing costs	(19,784)		(20,281)
Long-term debt, net	2,968,190		2,667,808
Current portion of long-term debt	166,500		148,000
Long-term debt	2,801,690		2,519,808
Term-A Facility [Member]
Debt Instrument [Line Items]
Long-term debt, net	1,351,480		1,386,869
5.00% Senior Notes [Member]
Debt Instrument [Line Items]
Unamortized discount		$ (17,500)
Long-term debt, net	$ 980,430
Debt Instrument, Interest Rate, Stated Percentage	5.00%
7.75% Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 46,000
Long-term debt, net	$ 44,981		$ 689,910
Debt Instrument, Interest Rate, Stated Percentage	7.75%		7.75%
4.75% Senior Notes [Member]
Debt Instrument [Line Items]
Long-term debt, net	$ 591,299		$ 591,029
Debt Instrument, Interest Rate, Stated Percentage	4.75%		4.75%
Senior Notes [Member] | 5.00% Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross		$ 1,000,000	$ 0
Senior Notes [Member] | 7.75% Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 45,551		700,000
Senior Notes [Member] | 4.75% Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	600,000		600,000
Secured Debt [Member] | Term-A Facility [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 1,369,000		$ 1,406,000

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Fair Value Measurement (Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Assets, Fair Value Disclosure [Abstract]
Cash equivalents	$ 22,116	$ 2,027
Interest Rate Swap [Member]
Assets, Fair Value Disclosure [Abstract]
Interest rate swap contracts	172	1,449
Liabilities, Fair Value Disclosure [Abstract]
Interest rate swap contracts	2,518	2,682
Foreign Exchange Forward [Member]
Assets, Fair Value Disclosure [Abstract]
Foreign currency derivatives	4,932	4,421
Liabilities, Fair Value Disclosure [Abstract]
Foreign currency derivatives	3,455	3,107
Level I [Member]
Assets, Fair Value Disclosure [Abstract]
Cash equivalents	22,116	2,027
Level II [Member] | Interest Rate Swap [Member]
Assets, Fair Value Disclosure [Abstract]
Interest rate swap contracts	172	1,449
Liabilities, Fair Value Disclosure [Abstract]
Interest rate swap contracts	2,518	2,682
Level II [Member] | Foreign Exchange Forward [Member]
Assets, Fair Value Disclosure [Abstract]
Foreign currency derivatives	4,932	4,421
Liabilities, Fair Value Disclosure [Abstract]
Foreign currency derivatives	$ 3,455	$ 3,107

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Fair Value Measurement (Carrying Values And Fair Values Of The Company's Financial Instruments) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	$ 2,968,190	$ 2,667,808
Long-term Debt, Fair Value	2,997,563	2,708,475
Term-A Facility [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	1,351,480	1,386,869
Long-term Debt, Fair Value	1,341,620	1,370,850
5.00% Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	980,430
Long-term Debt, Fair Value	1,006,250
7.75% Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	44,981	689,910
Long-term Debt, Fair Value	48,193	737,625
4.75% Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	591,299	591,029
Long-term Debt, Fair Value	$ 601,500	$ 600,000

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Derivative Financial Instruments (Narrative) (Details) $ in Thousands	Mar. 31, 2016 USD ($)
Derivative [Line Items]
Derivative, Notional Amount	$ 400,000
Interest Rate Swap [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount	200,000
Cash Flow Hedging [Member] | Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 200,000

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Derivative Financial Instruments (Fair Value Of Derivative Instruments Included In Balance Sheets) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Interest Rate Swap [Member] | Other Assets [Member]
Derivative Instruments in Hedges, at Fair Value, Net [Abstract]
Derivative Instruments in Hedges, Assets, at Fair Value	$ 172	$ 1,449
Interest Rate Swap [Member] | Other Liabilities [Member]
Derivative Instruments in Hedges, at Fair Value, Net [Abstract]
Derivative Instruments in Hedges, Liabilities, at Fair Value	301	0
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Interest Rate Derivative Instruments Not Designated as Hedging Instruments, Liability at Fair Value	1,827	2,022
Interest Rate Swap [Member] | Accrued Liabilities [Member]
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Interest Rate Derivative Instruments Not Designated as Hedging Instruments, Liability at Fair Value	390	660
Foreign Exchange Forward [Member] | Other Assets [Member]
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Asset at Fair Value	3,706	3,090
Foreign Exchange Forward [Member] | Other Liabilities [Member]
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Liability at Fair Value	2,271	1,678
Foreign Exchange Forward [Member] | Prepaid Expenses and Other Current Assets [Member]
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Asset at Fair Value	1,226	1,331
Foreign Exchange Forward [Member] | Accrued Liabilities [Member]
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Liability at Fair Value	$ 1,184	$ 1,429

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Derivative Financial Instruments (Schedule Of Gains And Losses Related To Derivative Instruments) (Details) - Cash Flow Hedging [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Interest Expense [Member]
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	$ 163	$ 968
Interest Rate Swap [Member]
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	$ (1,741)	$ (272)

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Derivative Financial Instruments (Schedule of Other Derivatives Not Designated as Hedging Instruments) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	$ (129)	$ 72
Interest Rate Swap [Member] | Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	(181)	(421)
Foreign Exchange Forward [Member] | Other Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	$ 52	$ 493

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Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Income tax expense	$ 58,543	$ 61,254
Effective tax rate	33.00%	33.00%
Federal statutory rate	35.00%	35.00%
State income tax expense	$ 3,215	$ 3,834
Undistributed Earnings of Foreign Subsidiaries	3,465	5,262
Effective Income Tax Rate Reconciliation, Deduction, Qualified Production Activity, Amount	5,322	5,168
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount	2,000	$ 2,831
Deferred Tax Assets, Tax Credit Carryforwards, Foreign	43,000
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation	852
Second component of tax deductible goodwill, net of tax	$ 400

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Commitments (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Increase (decrease) in contractual obligations not reflected in the balance sheet	$ 28,970
Contractual Obligation	$ 1,545,033	$ 1,516,063

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Equity Plans (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deemed repurchases of restricted stock/units	$ 10,413	$ 12,848
Share-based compensation expense	$ 8,165	$ 7,288
Total unrecognized share-based compensation costs, remaining period of recognition (in years)	2 years 11 months
Common Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
New shares of Company's Class A common stock issued	190,096
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares surrendered to the Company for tax withholding	133,306
Total unrecognized share-based compensation costs	$ 102,438
Restricted Stock Units (RSUs) [Member] | Common Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares vested in period	323,402
Restricted Stock Units (RSUs) [Member] | 2011 Employee Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	486,758
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Share-based Compensation Award, Tranche Two [Member] | Restricted Stock Units (RSUs) [Member] | 2011 Employee Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	371,109
Share-based Compensation Award, Tranche One [Member] | Restricted Stock Units (RSUs) [Member] | 2011 Employee Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	137,527

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Redeemable Noncontrolling Interests (Narrative) (Details) - New Video (BBC AMERICA) [Member]	Mar. 31, 2016	Dec. 31, 2015
Noncontrolling Interest [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	49.90%
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners		50.10%

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Redeemable Noncontrolling Interests Activity (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016 USD ($)
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
December 31, 2015	$ 211,691
Net earnings	5,809
Distributions	(8,968)
Other	(19)
March 31, 2016	$ 208,513

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Related Party Transactions (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Related Party Transactions [Line Items]
Aggregate voting power held by related party	66.00%
Net revenues from related parties	$ 6,706	$ 6,719
Related Party Transaction, Selling, General and Administrative Expenses	$ 1,069	$ 949
Maximum [Member] | Common Class A [Member]
Related Party Transactions [Line Items]
Percentage of common stock owned by related party	2.00%

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Cash Flows (Summary Of Non-Cash Activities And Other Supplemental Data) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Noncash Investing and Financing Items [Abstract]
Increase in capital lease obligations	$ 10,983	$ 0
Capital expenditures incurred but not yet paid	2,722	2,399
Cash interest paid	46,436	37,132
Income taxes paid, net	$ 5,600	$ 13,005

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Accumulated Other Comprehensive Income (Loss) (Schedule of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (136,057)	$ (79,248)
Foreign currency translation adjustment	15,385	(60,825)
Other comprehensive income (loss) before reclassifications	13,644	(61,097)
Amounts reclassified from accumulated other comprehensive loss	163	968
Net current-period other comprehensive income (loss), before income taxes	13,807	(60,129)
Income tax expense	(1,899)	(2,279)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	11,908	(62,408)
Ending balance	(124,149)	(141,656)
Cash Flow Hedging [Member] | Interest Expense [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	163	968
Cash Flow Hedging [Member] | Interest Rate Swap [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	(1,741)	(272)
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(136,434)	(77,492)
Amounts reclassified from accumulated other comprehensive loss	0	0
Net current-period other comprehensive income (loss), before income taxes	15,385	(60,825)
Income tax expense	(2,477)	(2,024)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	12,908	(62,849)
Ending balance	(123,526)	(140,341)
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	377	(1,756)
Net current-period other comprehensive income (loss), before income taxes	(1,578)	696
Income tax expense	578	(255)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	(1,000)	441
Ending balance	$ (623)	$ (1,315)

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Segment Information (Narrative) (Details)	3 Months Ended
	Mar. 31, 2016 segment
Segment Reporting [Abstract]
Number of Operating Segments	2

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Segment Information (Summary Of Continuing Operations By Reportable Segment) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting Information [Line Items]
Advertising	$ 286,677	$ 279,242
Distribution	419,902	389,440
Consolidated revenues, net	706,579	668,682
Adjusted operating cash flow	286,569	259,218
Depreciation and amortization	(19,632)	(20,527)
Share-based compensation expense	(8,165)	(7,288)
Restructuring (expense) credit	35	(656)
Operating income	258,807	230,747
Capital expenditures	12,387	18,248
National Networks [Member]
Segment Reporting Information [Line Items]
Restructuring (expense) credit	(30)	(66)
International And Other [Member]
Segment Reporting Information [Line Items]
Restructuring (expense) credit	65	(590)
Operating Segments [Member] | National Networks [Member]
Segment Reporting Information [Line Items]
Advertising	263,852	260,439
Distribution	334,783	302,409
Consolidated revenues, net	598,635	562,848
Adjusted operating cash flow	280,952	253,258
Depreciation and amortization	(7,969)	(7,361)
Share-based compensation expense	(6,221)	(5,410)
Restructuring (expense) credit	(30)	(66)
Operating income	266,732	240,421
Capital expenditures	1,980	7,135
Operating Segments [Member] | International And Other [Member]
Segment Reporting Information [Line Items]
Advertising	22,825	18,803
Distribution	86,223	87,552
Consolidated revenues, net	109,048	106,355
Adjusted operating cash flow	5,106	5,679
Depreciation and amortization	(11,663)	(13,166)
Share-based compensation expense	(1,944)	(1,878)
Restructuring (expense) credit	65	(590)
Operating income	(8,436)	(9,955)
Capital expenditures	10,407	11,113
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Advertising	0	0
Distribution	(1,104)	(521)
Consolidated revenues, net	(1,104)	(521)
Adjusted operating cash flow	511	281
Depreciation and amortization	0	0
Share-based compensation expense	0	0
Restructuring (expense) credit	0	0
Operating income	511	281
Capital expenditures	0	0
Intersegment Eliminations [Member] | National Networks [Member]
Segment Reporting Information [Line Items]
Consolidated revenues, net	(944)	(452)
Intersegment Eliminations [Member] | International And Other [Member]
Segment Reporting Information [Line Items]
Consolidated revenues, net	$ (160)	$ (69)

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Segment Information (Summary Of Inter-Segment Eliminations) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting Information [Line Items]
Revenues, net	$ 706,579	$ 668,682
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues, net	(1,104)	(521)
Intersegment Eliminations [Member] | National Networks [Member]
Segment Reporting Information [Line Items]
Revenues, net	(944)	(452)
Intersegment Eliminations [Member] | International And Other [Member]
Segment Reporting Information [Line Items]
Revenues, net	$ (160)	$ (69)

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Segment Information (Revenues by geographic region) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting Information [Line Items]
Revenues, net	$ 706,579	$ 668,682
United States
Segment Reporting Information [Line Items]
Revenues, net	574,334	563,825
Europe
Segment Reporting Information [Line Items]
Revenues, net	93,962	75,886
Other Geographic Locations
Segment Reporting Information [Line Items]
Revenues, net	$ 38,283	$ 28,971

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Segment Information (Long-lived assets by Geographic Location) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Segment Reporting Information [Line Items]
Property and equipment, net of accumulated depreciation	$ 173,969	$ 163,860
United States
Segment Reporting Information [Line Items]
Property and equipment, net of accumulated depreciation	90,592	93,951
Europe
Segment Reporting Information [Line Items]
Property and equipment, net of accumulated depreciation	61,996	48,043
Other Geographic Locations
Segment Reporting Information [Line Items]
Property and equipment, net of accumulated depreciation	$ 21,381	$ 21,866

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Condensed Consolidating Financial Statements (Narrative) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Mar. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 3,014,551		$ 2,706,000
Parent Percentage of Ownership in Guarantor Subsidiaries	100.00%
7.75% Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 46,000
Debt Instrument, Interest Rate, Stated Percentage	7.75%		7.75%
4.75% Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	4.75%		4.75%
5.00% Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	5.00%
Senior Notes [Member] | 7.75% Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 45,551		$ 700,000
Senior Notes [Member] | 4.75% Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 600,000		600,000
Senior Notes [Member] | 5.00% Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross		$ 1,000,000	$ 0

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Condensed Consolidating Financial Statements (Balance Sheet) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Current Assets:
Cash and cash equivalents	$ 702,800	$ 316,321	$ 194,307	$ 201,367
Accounts receivable, trade (less allowance for doubtful accounts)	685,144	674,611
Amounts due from related parties, net	2,981	4,062
Current portion of program rights, net	448,535	453,157
Prepaid expenses, other current assets and intercompany receivable	62,443	72,989
Deferred tax asset, net	24,059	16,198
Total current assets	1,925,962	1,537,338
Property and equipment, net of accumulated depreciation	173,969	163,860
Investment in affiliates	0	0
Program rights, net	1,046,302	1,027,394
Long-term intercompany notes receivable	0	0
Deferred carriage fees, net	47,061	50,069
Intangible assets, net	550,921	549,180
Goodwill	731,993	736,275
Other assets	202,021	200,799
Total assets	4,678,229	4,264,915
Current Liabilities:
Accounts payable	131,408	124,441
Accrued liabilities and intercompany payable	168,301	200,793
Current portion of program rights obligations	295,087	289,897
Deferred revenue	68,168	64,229
Current portion of long-term debt	166,500	148,000
Current portion of capital lease obligations	4,220	3,561
Total current liabilities	833,684	830,921
Program rights obligations	427,442	440,591
Long-term debt	2,801,690	2,519,808
Capital lease obligations	40,022	29,779
Deferred tax liability, net	156,487	137,233
Other liabilities and intercompany notes payable	92,625	103,530
Total liabilities	$ 4,351,950	$ 4,061,862
Commitments and contingencies
Redeemable noncontrolling interests	$ 208,513	$ 211,691
Stockholders' equity (deficiency):
AMC Networks stockholders’ equity	85,904	(39,277)
Non-redeemable noncontrolling interests	31,862	30,639
Total stockholders’ equity (deficiency)	117,766	(8,638)
Total liabilities and stockholders’ equity (deficiency)	4,678,229	4,264,915
Consolidation, Eliminations [Member]
Current Assets:
Cash and cash equivalents	0	0	0	0
Accounts receivable, trade (less allowance for doubtful accounts)	0	0
Amounts due from related parties, net	0	0
Current portion of program rights, net	0	0
Prepaid expenses, other current assets and intercompany receivable	(89,558)	(55,947)
Deferred tax asset, net	0	0
Total current assets	(89,558)	(55,947)
Property and equipment, net of accumulated depreciation	0	0
Investment in affiliates	(3,838,942)	(3,643,007)
Program rights, net	0	0
Long-term intercompany notes receivable	(400,712)	(400,839)
Deferred carriage fees, net	0	0
Intangible assets, net	0	0
Goodwill	0	0
Other assets	0	0
Total assets	(4,329,212)	(4,099,793)
Current Liabilities:
Accounts payable	0	0
Accrued liabilities and intercompany payable	(89,558)	(55,947)
Current portion of program rights obligations	0	0
Deferred revenue	0	0
Current portion of long-term debt	0	0
Current portion of capital lease obligations	0	0
Total current liabilities	(89,558)	(55,947)
Program rights obligations	0	0
Long-term debt	0	0
Capital lease obligations	0	0
Deferred tax liability, net	0	0
Other liabilities and intercompany notes payable	(400,712)	(400,839)
Total liabilities	$ (490,270)	(456,786)
Commitments and contingencies
Redeemable noncontrolling interests	$ 0	0
Stockholders' equity (deficiency):
AMC Networks stockholders’ equity	(3,838,942)	(3,643,007)
Non-redeemable noncontrolling interests	0	0
Total stockholders’ equity (deficiency)	(3,838,942)	(3,643,007)
Total liabilities and stockholders’ equity (deficiency)	(4,329,212)	(4,099,793)
Parent Company [Member]
Current Assets:
Cash and cash equivalents	279,468	434	871	1,581
Accounts receivable, trade (less allowance for doubtful accounts)	0	0
Amounts due from related parties, net	0	0
Current portion of program rights, net	0	0
Prepaid expenses, other current assets and intercompany receivable	89	4,158
Deferred tax asset, net	18,881	14,039
Total current assets	298,438	18,631
Property and equipment, net of accumulated depreciation	0	0
Investment in affiliates	2,986,397	2,797,938
Program rights, net	0	0
Long-term intercompany notes receivable	0	0
Deferred carriage fees, net	0	0
Intangible assets, net	0	0
Goodwill	0	0
Other assets	172	1,449
Total assets	3,285,007	2,818,018
Current Liabilities:
Accounts payable	301	6
Accrued liabilities and intercompany payable	51,586	30,857
Current portion of program rights obligations	0	0
Deferred revenue	0	0
Current portion of long-term debt	166,500	148,000
Current portion of capital lease obligations	0	0
Total current liabilities	218,387	178,863
Program rights obligations	0	0
Long-term debt	2,801,690	2,519,808
Capital lease obligations	0	0
Deferred tax liability, net	144,968	126,415
Other liabilities and intercompany notes payable	34,058	32,209
Total liabilities	$ 3,199,103	2,857,295
Commitments and contingencies
Redeemable noncontrolling interests	$ 0	0
Stockholders' equity (deficiency):
AMC Networks stockholders’ equity	85,904	(39,277)
Non-redeemable noncontrolling interests	0	0
Total stockholders’ equity (deficiency)	85,904	(39,277)
Total liabilities and stockholders’ equity (deficiency)	3,285,007	2,818,018
Guarantor Subsidiaries [Member]
Current Assets:
Cash and cash equivalents	257,259	148,260	94,868	83,676
Accounts receivable, trade (less allowance for doubtful accounts)	519,912	538,657
Amounts due from related parties, net	2,743	3,818
Current portion of program rights, net	335,169	352,664
Prepaid expenses, other current assets and intercompany receivable	136,839	112,456
Deferred tax asset, net	0	0
Total current assets	1,251,922	1,155,855
Property and equipment, net of accumulated depreciation	89,929	93,007
Investment in affiliates	852,545	845,069
Program rights, net	907,952	889,756
Long-term intercompany notes receivable	400,109	400,163
Deferred carriage fees, net	44,592	47,437
Intangible assets, net	187,605	190,041
Goodwill	71,069	71,700
Other assets	101,426	100,620
Total assets	3,907,149	3,793,648
Current Liabilities:
Accounts payable	98,580	97,445
Accrued liabilities and intercompany payable	74,889	128,084
Current portion of program rights obligations	223,834	225,375
Deferred revenue	56,404	54,921
Current portion of long-term debt	0	0
Current portion of capital lease obligations	2,300	2,393
Total current liabilities	456,007	508,218
Program rights obligations	405,338	415,419
Long-term debt	0	0
Capital lease obligations	8,857	9,268
Deferred tax liability, net	0	0
Other liabilities and intercompany notes payable	50,550	62,805
Total liabilities	$ 920,752	995,710
Commitments and contingencies
Redeemable noncontrolling interests	$ 0	0
Stockholders' equity (deficiency):
AMC Networks stockholders’ equity	2,986,397	2,797,938
Non-redeemable noncontrolling interests	0	0
Total stockholders’ equity (deficiency)	2,986,397	2,797,938
Total liabilities and stockholders’ equity (deficiency)	3,907,149	3,793,648
Non-Guarantor Subsidiaries [Member]
Current Assets:
Cash and cash equivalents	166,073	167,627	$ 98,568	$ 116,110
Accounts receivable, trade (less allowance for doubtful accounts)	165,232	135,954
Amounts due from related parties, net	238	244
Current portion of program rights, net	113,366	100,493
Prepaid expenses, other current assets and intercompany receivable	15,073	12,322
Deferred tax asset, net	5,178	2,159
Total current assets	465,160	418,799
Property and equipment, net of accumulated depreciation	84,040	70,853
Investment in affiliates	0	0
Program rights, net	138,350	137,638
Long-term intercompany notes receivable	603	676
Deferred carriage fees, net	2,469	2,632
Intangible assets, net	363,316	359,139
Goodwill	660,924	664,575
Other assets	100,423	98,730
Total assets	1,815,285	1,753,042
Current Liabilities:
Accounts payable	32,527	26,990
Accrued liabilities and intercompany payable	131,384	97,799
Current portion of program rights obligations	71,253	64,522
Deferred revenue	11,764	9,308
Current portion of long-term debt	0	0
Current portion of capital lease obligations	1,920	1,168
Total current liabilities	248,848	199,787
Program rights obligations	22,104	25,172
Long-term debt	0	0
Capital lease obligations	31,165	20,511
Deferred tax liability, net	11,519	10,818
Other liabilities and intercompany notes payable	408,729	409,355
Total liabilities	$ 722,365	665,643
Commitments and contingencies
Redeemable noncontrolling interests	$ 208,513	211,691
Stockholders' equity (deficiency):
AMC Networks stockholders’ equity	852,545	845,069
Non-redeemable noncontrolling interests	31,862	30,639
Total stockholders’ equity (deficiency)	884,407	875,708
Total liabilities and stockholders’ equity (deficiency)	$ 1,815,285	$ 1,753,042

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Condensed Consolidating Financial Statements (Income Statement) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Condensed Income Statements, Captions [Line Items]
Revenues, net	$ 706,579	$ 668,682
Operating expenses
Technical and operating (excluding depreciation and amortization)	274,274	262,173
Selling, general and administrative	153,901	154,579
Restructuring (credit) expense	(35)	656
Depreciation and amortization	19,632	20,527
Total operating expenses	447,772	437,935
Operating income	258,807	230,747
Other income (expense)
Interest expense, net	(31,029)	(32,587)
Share of affiliates' income	0	0
Loss on extinguishment of debt	(48,334)	0
Miscellaneous, net	(837)	(10,230)
Total other income (expense)	(80,200)	(42,817)
Income from operations before income taxes	178,607	187,930
Income tax expense	(58,543)	(61,254)
Net income including noncontrolling interests	120,064	126,676
Net income attributable to noncontrolling interests	(6,620)	(5,756)
Net income attributable to AMC Networks’ stockholders	113,444	120,920
Consolidation, Eliminations [Member]
Condensed Income Statements, Captions [Line Items]
Revenues, net	(2,484)	(225)
Operating expenses
Technical and operating (excluding depreciation and amortization)	(683)	(206)
Selling, general and administrative	(1,804)	2
Restructuring (credit) expense	0	0
Depreciation and amortization	0	0
Total operating expenses	(2,487)	(204)
Operating income	3	(21)
Other income (expense)
Interest expense, net	0	0
Share of affiliates' income	(245,277)	(280,370)
Loss on extinguishment of debt	0
Miscellaneous, net	(3)	21
Total other income (expense)	(245,280)	(280,349)
Income from operations before income taxes	(245,277)	(280,370)
Income tax expense	0	0
Net income including noncontrolling interests	(245,277)	(280,370)
Net income attributable to noncontrolling interests	0	0
Net income attributable to AMC Networks’ stockholders	(245,277)	(280,370)
Parent Company [Member]
Condensed Income Statements, Captions [Line Items]
Revenues, net	0	0
Operating expenses
Technical and operating (excluding depreciation and amortization)	0	0
Selling, general and administrative	0	0
Restructuring (credit) expense	0	0
Depreciation and amortization	0	0
Total operating expenses	0	0
Operating income	0	0
Other income (expense)
Interest expense, net	(30,572)	(20,353)
Share of affiliates' income	246,047	275,985
Loss on extinguishment of debt	(48,334)
Miscellaneous, net	(79)	(76,315)
Total other income (expense)	167,062	179,317
Income from operations before income taxes	167,062	179,317
Income tax expense	(53,618)	(58,398)
Net income including noncontrolling interests	113,444	120,919
Net income attributable to noncontrolling interests	0	0
Net income attributable to AMC Networks’ stockholders	113,444	120,919
Guarantor Subsidiaries [Member]
Condensed Income Statements, Captions [Line Items]
Revenues, net	554,326	539,444
Operating expenses
Technical and operating (excluding depreciation and amortization)	190,110	196,758
Selling, general and administrative	114,357	118,486
Restructuring (credit) expense	(70)	114
Depreciation and amortization	10,075	8,967
Total operating expenses	314,472	324,325
Operating income	239,854	215,119
Other income (expense)
Interest expense, net	9,293	(10,466)
Share of affiliates' income	(770)	4,385
Loss on extinguishment of debt	0
Miscellaneous, net	(21)	69,315
Total other income (expense)	8,502	63,234
Income from operations before income taxes	248,356	278,353
Income tax expense	(2,309)	(2,367)
Net income including noncontrolling interests	246,047	275,986
Net income attributable to noncontrolling interests	0	0
Net income attributable to AMC Networks’ stockholders	246,047	275,986
Non-Guarantor Subsidiaries [Member]
Condensed Income Statements, Captions [Line Items]
Revenues, net	154,737	129,463
Operating expenses
Technical and operating (excluding depreciation and amortization)	84,847	65,621
Selling, general and administrative	41,348	36,091
Restructuring (credit) expense	35	542
Depreciation and amortization	9,557	11,560
Total operating expenses	135,787	113,814
Operating income	18,950	15,649
Other income (expense)
Interest expense, net	(9,750)	(1,768)
Share of affiliates' income	0	0
Loss on extinguishment of debt	0
Miscellaneous, net	(734)	(3,251)
Total other income (expense)	(10,484)	(5,019)
Income from operations before income taxes	8,466	10,630
Income tax expense	(2,616)	(489)
Net income including noncontrolling interests	5,850	10,141
Net income attributable to noncontrolling interests	(6,620)	(5,756)
Net income attributable to AMC Networks’ stockholders	$ (770)	$ 4,385

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Condensed Consolidating Financial Statements (Comprehensive Income) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Condensed Financial Statements, Captions [Line Items]
Net income (loss) including noncontrolling interest	$ 120,064	$ 126,676
Other comprehensive income (loss):
Foreign currency translation adjustment	15,385	(60,825)
Unrealized gain on interest rate swaps	(1,578)	696
Other comprehensive income (loss), before income taxes	13,807	(60,129)
Income tax (expense) benefit	(1,899)	(2,279)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	11,908	(62,408)
Comprehensive income	131,972	64,268
Comprehensive income attributable to noncontrolling interests	(7,032)	(4,332)
Comprehensive income attributable to AMC Networks’ stockholders	124,940	59,936
Consolidation, Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Net income (loss) including noncontrolling interest	(245,277)	(280,370)
Other comprehensive income (loss):
Foreign currency translation adjustment	2,845	71,692
Unrealized gain on interest rate swaps	0	0
Other comprehensive income (loss), before income taxes	2,845	71,692
Income tax (expense) benefit	0	0
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	2,845	71,692
Comprehensive income	(242,432)	(208,678)
Comprehensive income attributable to noncontrolling interests	0	0
Comprehensive income attributable to AMC Networks’ stockholders	(242,432)	(208,678)
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Net income (loss) including noncontrolling interest	113,444	120,919
Other comprehensive income (loss):
Foreign currency translation adjustment	(2,845)	(71,711)
Unrealized gain on interest rate swaps	(1,578)	696
Other comprehensive income (loss), before income taxes	(4,423)	(71,015)
Income tax (expense) benefit	(1,899)	(2,279)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	(6,322)	(73,294)
Comprehensive income	107,122	47,625
Comprehensive income attributable to noncontrolling interests	0	0
Comprehensive income attributable to AMC Networks’ stockholders	107,122	47,625
Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net income (loss) including noncontrolling interest	246,047	275,986
Other comprehensive income (loss):
Foreign currency translation adjustment	(2,845)	(71,692)
Unrealized gain on interest rate swaps	0	0
Other comprehensive income (loss), before income taxes	(2,845)	(71,692)
Income tax (expense) benefit	0	0
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	(2,845)	(71,692)
Comprehensive income	243,202	204,294
Comprehensive income attributable to noncontrolling interests	0	0
Comprehensive income attributable to AMC Networks’ stockholders	243,202	204,294
Non-Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net income (loss) including noncontrolling interest	5,850	10,141
Other comprehensive income (loss):
Foreign currency translation adjustment	18,230	10,886
Unrealized gain on interest rate swaps	0	0
Other comprehensive income (loss), before income taxes	18,230	10,886
Income tax (expense) benefit	0	0
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	18,230	10,886
Comprehensive income	24,080	21,027
Comprehensive income attributable to noncontrolling interests	(7,032)	(4,332)
Comprehensive income attributable to AMC Networks’ stockholders	$ 17,048	$ 16,695

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Condensed Consolidating Financial Statements (Cash Flow) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net cash provided by operating activities	$ 167,384	$ 80,195
Cash flows from investing activities:
Capital expenditures	(12,387)	(18,248)
Payments for acquisition of a business, net of cash acquired	0	(6,581)
Purchases of investments	0	(25,210)
(Increase) decrease to investment in affiliates	0	0
Net cash used in investing activities	(12,387)	(50,039)
Cash flows from financing activities:
Proceeds from the issuance of long-term debt	982,500	0
Principal payments on long-term debt	(691,449)	(18,500)
Premium and fees paid on extinguishment of debt	39,179	0
Payments for financing costs	(2,070)	0
Deemed repurchases of restricted stock/units	(10,413)	(12,848)
Proceeds from stock option exercises	1,200	130
Excess tax benefits from share-based compensation arrangements	852	3,672
Principal payments on capital lease obligations	(1,086)	(1,420)
Distributions to noncontrolling interest	(8,968)	0
Net cash provided by (used in) financing activities	231,387	(28,966)
Net increase in cash and cash equivalents from operations	386,384	1,190
Effect of exchange rate changes on cash and cash equivalents	95	(8,250)
Cash and cash equivalents at beginning of period	316,321	201,367
Cash and cash equivalents at end of period	702,800	194,307
Consolidation, Eliminations [Member]
Cash flows from operating activities:
Net cash provided by operating activities	(249,552)	(280,489)
Cash flows from investing activities:
Capital expenditures	0	0
Payments for acquisition of a business, net of cash acquired		0
Purchases of investments		0
(Increase) decrease to investment in affiliates	246,257	208,797
Net cash used in investing activities	246,257	208,797
Cash flows from financing activities:
Proceeds from the issuance of long-term debt	0
Principal payments on long-term debt	0	0
Premium and fees paid on extinguishment of debt	0
Payments for financing costs	0
Deemed repurchases of restricted stock/units	0	0
Proceeds from stock option exercises	0	0
Excess tax benefits from share-based compensation arrangements	0	0
Principal payments on capital lease obligations	0	0
Distributions to noncontrolling interest	0
Net cash provided by (used in) financing activities	0	0
Net increase in cash and cash equivalents from operations	(3,295)	(71,692)
Effect of exchange rate changes on cash and cash equivalents	3,295	71,692
Cash and cash equivalents at beginning of period	0	0
Cash and cash equivalents at end of period	0	0
Parent Company [Member]
Cash flows from operating activities:
Net cash provided by operating activities	204,100	223,495
Cash flows from investing activities:
Capital expenditures	2	(9)
Payments for acquisition of a business, net of cash acquired		0
Purchases of investments		0
(Increase) decrease to investment in affiliates	(160,665)	(122,915)
Net cash used in investing activities	(160,663)	(122,924)
Cash flows from financing activities:
Proceeds from the issuance of long-term debt	982,500
Principal payments on long-term debt	(691,449)	(18,500)
Premium and fees paid on extinguishment of debt	39,179
Payments for financing costs	(2,070)
Deemed repurchases of restricted stock/units	(10,413)	(12,848)
Proceeds from stock option exercises	1,200	130
Excess tax benefits from share-based compensation arrangements	852	3,672
Principal payments on capital lease obligations	0	0
Distributions to noncontrolling interest	0
Net cash provided by (used in) financing activities	241,441	(27,546)
Net increase in cash and cash equivalents from operations	284,878	73,025
Effect of exchange rate changes on cash and cash equivalents	(5,844)	(73,735)
Cash and cash equivalents at beginning of period	434	1,581
Cash and cash equivalents at end of period	279,468	871
Guarantor Subsidiaries [Member]
Cash flows from operating activities:
Net cash provided by operating activities	193,453	111,816
Cash flows from investing activities:
Capital expenditures	(8,151)	(13,416)
Payments for acquisition of a business, net of cash acquired		0
Purchases of investments		(82)
(Increase) decrease to investment in affiliates	(72,411)	(14,892)
Net cash used in investing activities	(80,562)	(28,390)
Cash flows from financing activities:
Proceeds from the issuance of long-term debt	0
Principal payments on long-term debt	0	0
Premium and fees paid on extinguishment of debt	0
Payments for financing costs	0
Deemed repurchases of restricted stock/units	0	0
Proceeds from stock option exercises	0	0
Excess tax benefits from share-based compensation arrangements	0	0
Principal payments on capital lease obligations	(597)	(542)
Distributions to noncontrolling interest	0
Net cash provided by (used in) financing activities	(597)	(542)
Net increase in cash and cash equivalents from operations	112,294	82,884
Effect of exchange rate changes on cash and cash equivalents	(3,295)	(71,692)
Cash and cash equivalents at beginning of period	148,260	83,676
Cash and cash equivalents at end of period	257,259	94,868
Non-Guarantor Subsidiaries [Member]
Cash flows from operating activities:
Net cash provided by operating activities	19,383	25,373
Cash flows from investing activities:
Capital expenditures	(4,238)	(4,823)
Payments for acquisition of a business, net of cash acquired		(6,581)
Purchases of investments		(25,128)
(Increase) decrease to investment in affiliates	(13,181)	(70,990)
Net cash used in investing activities	(17,419)	(107,522)
Cash flows from financing activities:
Proceeds from the issuance of long-term debt	0
Principal payments on long-term debt	0	0
Premium and fees paid on extinguishment of debt	0
Payments for financing costs	0
Deemed repurchases of restricted stock/units	0	0
Proceeds from stock option exercises	0	0
Excess tax benefits from share-based compensation arrangements	0	0
Principal payments on capital lease obligations	(489)	(878)
Distributions to noncontrolling interest	(8,968)
Net cash provided by (used in) financing activities	(9,457)	(878)
Net increase in cash and cash equivalents from operations	(7,493)	(83,027)
Effect of exchange rate changes on cash and cash equivalents	5,939	65,485
Cash and cash equivalents at beginning of period	167,627	116,110
Cash and cash equivalents at end of period	$ 166,073	$ 98,568