AMC Networks Adds to Share Buyback Program

AMC Networks, a television broadcasting company, said premarket Wednesday it has added $500 million to its previously announced program to buy back its outstanding shares of common stock.

The new authorization is in addition to the $500 million authorization that was announced on March 7, 2016. The company said it will determine the timing and the amount of any repurchases based on its evaluation of market conditions, share price, and other factors. The stock repurchase program has no pre-established closing date and may be suspended or discontinued at any time.

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