In a bid to gain greater global control over its programming, AMC Networks announced Monday that it has agreed to spend nearly $1.04 billion to acquire Chellomedia, the international content business of telecommunications and media giant Liberty Global.
AMC—which was spun off from cable giant Cablevision Systems in 2010 and known as Rainbow Media until adopting its current name the following year—operates several cable channels, including the eponymous outlet that airs such popular shows as “Breaking Bad,” “Mad Men,” and “The Walking Dead.”
