Theater advertiser National Cinemedia jumps after AMC takes passive stake
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))
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