(Reuters) – Cable channels operator AMC Networks Inc
The company did not disclose how many employees would be impacted by the move, which is expected to result in severance costs of between $20 million and $25 million in the fourth quarter.
The majority of the severance payments will be made next year, it said in a regulatory filing https://www.sec.gov/ix?doc=/Archives/edgar/data/1514991/000151499120000048/amcx-20201118.htm.
(Reporting by Ayanti Bera in Bengaluru; Editing by Aditya Soni)
