AMC Networks posted double-digit declines in advertising and affiliate revenue in the third quarter, falling short of Wall Street analysts’ consensus earnings forecast.

Despite the continued downturn in the company’s legacy linear TV operations, CEO Kristin Dolan pointed to streaming gains as a sign that a digital-focused business is starting to emerge.

“Our performance in the third quarter marks a key milestone in our transition from a cable networks business to a global streaming and technology focused content company,” Dolan said in the earnings release. “We have built the components of a modern media business that is nimble, independent and well suited to today’s environment and whatever comes next.”

Revenue for the parent of AMC, IFC and BBC America dipped 6% in the quarter en

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