AMC Networks Adds $500 Million To Its Share Buyback Program

By Ciara Linnane Markets MarketWatch Pulse

AMC Networks Inc. said Wednesday its board has approved an increase of $500 million to its share buyback authorization, bringing the total to $1 billion. The company owns the AMC, IFC, SundanceTV and IFC films networks. Shares were not yet active in premarket trade, but have gained 9% in 2017, while the S&P 500 has gained 8.5%.

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