Theater advertiser National Cinemedia jumps after AMC takes passive stake

National CineMedia

10/04/2023 22:04

** Shares of theater-focused advertising co National
Cinemedia Inc  NCMI.O  jump nearly 87% to $0.26 in extended
trade
    ** Theater chain AMC Entertainment Holding Inc  AMC.N 
discloses it holds 9.1% passive stake in NCMI - filing
    ** NCMI has been struggling to pay off creditors as debt
piled on after the business suffered for most part of 2020 and
2021 due to the pandemic
    ** NCMI stock down ~40 YTD

 (Reporting by Yuvraj Malik)
 ((yuvraj.malik@thomsonreuters.com))