Nonetheless, Sapan did his best to combat those concerns as well, stating "This strategic approach has enabled us to diversify our sources of revenue and has set us up well for an increasingly digital future, one in which consumers exercise more choice and control over every minute of television they watch. We believe this strategy will continue to allow us to create value for our shareholders in the near, mid and long term."
Steve Symington has no position in any stocks mentioned. The Motley Fool recommends AMC Networks, Discovery Communications, Liberty Global, and Walt Disney. The Motley Fool owns shares of AMC Networks, Discovery Communications, and Walt Disney. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.