Canceling “19 Kids & Counting” Cost Network Over $19 Million Dollars
By Hannah Perrin 8/05/2015
TLC’s cable network, Discovery Communications, released the company’s second-quarter earnings which showed a $19 million dollar loss for the company.
CFO Andy Warren cited a deficit from “higher restructuring and other chargers this year of $19 million primarily due to content impairment charges from canceling TLC’s 19 Kids and Counting.”
TLC cancelled their top earning show in July after news broke the eldest son had molested four of his sisters and a babysitter when he was 14.