TLC canceled “19 Kids and Counting” after Josh Duggar admitted to molesting several girls as a teenager, including his own sisters, and it cost their parent media group $24 million to end the series.
After the amount showed up on its second-quarter earnings report, Discovery Communications CFO Andy Warren confirmed the company took a $24 million hit for “restructuring” after it canceled the Duggar family’s show.
“Higher other losses (which includes currency impact) and $24 million in restructuring from the cancellation of ’19 Kids and Counting’ (not included in segment earnings before interest, taxes, depreciation and amortization) offset the higher profitability leading to the earnings per share miss,” Warren said.
(Photo: Reuters)
The show was cancelled in July after reruns were yanked off the air in May when the scandal news broke. (RELATED: Josh Duggar Breaks His Silence To Wish Son Happy Birthday And The Internet Is Outraged)