AMC Networks Inc. (AMCX) - NASDAQ
  • Fri, Jul. 15, 2:03 PM
    • Network stocks CBS, Discovery Communications and AMC Networks have headed lower today as UBS downgrades them in a new update.
    • CBS fell 3.1%, erasing the past week's gains, as analyst Douglas Mitchelson suggested ad strength is priced in and might wane in the second half, especially amid the intensifying competition of presidential campaign ad season.
    • UBS downgraded it to Sell from Neutral and kept a $52 price target (about 7% downside from today's lower price).
    • Similarly, second-half concerns weigh on Discovery (DISCA -2.3%) and AMC (AMCX -4%) as Michelson worries about their ability to diversify away from focus strengths, and downgrades to Sell In AMC's case, it will need a hit to replace a weakening The Walking Dead; and UBS is concerned that neither AMC nor Discovery can make it into a new skinny bundle from Hulu.
    • AMC is sitting just 3.5% over its 52-week low, while Discovery is just 6.2% over its 52-week low.
    | Fri, Jul. 15, 2:03 PM | 2 Comments
  • Thu, May 5, 2:08 PM
    • AMC Networks (NASDAQ:AMCX) has gained 5.6% on heavy volume today after posting earnings that beat expectations solidly, with strength from licensing its content.
    • Strong growth in its national networks (AMC, WE tv, BBC America, IFC and SundanceTV) was paced by distribution revenues that grew 10.7% to $335M, which includes digital distribution and licensing fees as well as increasing affiliate fees.
    • Revenue by segment: National networks, $598.6M (up 6.4%); International and other, $109M (up 2.5%). Adjusted operating cash flow was up 10.9% in National networks to $280.95M, down 10.1% to $5.11M internationally.
    • International results showed some surprising strength, with AMC Networks International showing gains partly offset by declines at IFC Films.
    • Press Release
    • Now read AMC Networks Still Doesn't Look Cheap »
    | Thu, May 5, 2:08 PM
  • Thu, May 5, 8:10 AM
    • AMC Networks (NASDAQ:AMCX): Q1 EPS of $1.99 beats by $0.20.
    • Revenue of $706.58M (+5.7% Y/Y) beats by $11.11M.
    • Press Release
    | Thu, May 5, 8:10 AM
  • Wed, May 4, 5:30 PM
  • Tue, Apr. 19, 7:53 PM
    • With college basketball putting away the equipment after its tournament, Fox News (FOX -0.1%, FOXA -0.3%) reclaimed the top spot in prime-time cable ratings from TBS (TWX -0.5%), drawing 1.8M viewers on average.
    • TBS and HGTV (SNI -0.5%) tied for second place with 1.5M viewers, while Turner's TNT tied with ESPN (DIS +1.1%) for fourth, with 1.4M.
    • On the all-day basis, Nickelodeon (VIA -7.1%, VIAB -8.3%) was in a familiar spot at the top, with 1.1M viewers, ahead of Fox News, Adult Swim, Disney Channel and HGTV (though Viacom investors' eyes are on tense negotiations with Dish Network). And ESPN took the adults 18-49 demographic with 734K viewers.
    • Zombies are still killin' it for AMC Network (AMCX -0.6%), as Fear the Walking Dead was cable's top show for the week, with 5.5M viewers topping CNN's Democratic Debate with 5.4M and TNT's Memphis/San Antonio NBA playoff game, with 3.9M.
    • Now read Viacom: Opportunity Hidden In A Soap Opera »
    | Tue, Apr. 19, 7:53 PM | 23 Comments
  • Tue, Apr. 5, 9:49 PM
    • In cable ratings, CNN (NYSE:TWX) is benefiting from a (let's say) vivid presidential election season, finishing ahead of Fox News in the age 25-54 prime-time demographic this week for the fourth time in seven weeks.
    • Fox News (FOX, FOXA), though, prevailed in total day viewers (averaging 1.1M), and was No. 3 among primetime cable viewers, with 1.8M to CNN's 1.2M. MSNBC (NASDAQ:CMCSA) was behind them, with 965K in prime time and 549K in total day.
    • Among the other top five prime-time cablers: basketball-fed TBS, AMC, HGTV (NASDAQ:SNI) and USA Network (CMCSA).
    • Meanwhile, Sunday's season finale of AMC's (NASDAQ:AMCX) flagship show The Walking Dead drew 14.2M viewers --great, but still down from the 15.8M who watched last year's finale and the 17.3M who watched last year's premiere.
    • Earlier, Jefferies initiated coverage of AMC with a Hold amid concerns that The Walking Dead may have peaked and the network may be a bit dependent on the hit.
    • Now read What Does ValueAct See In Fox? »
    | Tue, Apr. 5, 9:49 PM | 2 Comments
  • Tue, Apr. 5, 7:28 PM
    • AMC Networks (AMCX +1.5%) has a challenge ahead as it looks increasingly dependent on a mega-hit program that may have peaked, Jefferies says.
    • The firm launched coverage of AMC at Hold and says "it will be important for AMC to develop new hit programming in 2016, especially considering that The Walking Dead franchise could be nearing its peak as ratings have slipped ~8% in Season 6" in live plus same-day ratings.
    • That's a key risk for the company, says analyst John Janedis, along with the challenge of expanding margins as it owns more content.
    • The Walking Dead may generate more than 25% of U.S. advertising for the company in 2016, though with new original programs (and their higher CPMs) coming, AMC may see 7% growth in domestic advertising this year.
    • He sees Q1 EPS of $1.77 (below consensus for $1.82) and revenues of $686M (vs. consensus $700M), and 2016 EPS of $5.73 (below consensus $5.75) and revenue of $2.769B (vs. consensus $2.781B).
    • Janedis set a $72 price target on shares, implying 11% upside from today's closing price of $64.81.
    • Now read AMC Networks Still Doesn't Look Cheap »
    | Tue, Apr. 5, 7:28 PM | 1 Comment
  • Wed, Mar. 23, 5:32 PM
    • AMC Networks (AMCX -2.7%) has priced an upsized offering of $1B in senior notes, a move it's making in conjunction with a tender offer to roll over shorter-term debt.
    • The company priced a public offering of $1B in 5% notes due 2024. Some of those proceeds are going to go toward a cash tender for any and all of AMC's 7.75% senior notes due 2021.
    • That offer consists of $1,058.57 per $1,000 in principal. There's some $700M of those notes outstanding.
    | Wed, Mar. 23, 5:32 PM
  • Tue, Mar. 22, 7:42 PM
    • Hoops added life to the usual strong lineup of dramas from CBS, lifting the network back to the top in broadcast ratings.
    • Buoyed by the NCAA basketball tournament -- it's broadcasting 21 games -- CBS averaged 7.7M prime-time viewers, ahead of NBC (NASDAQ:CMCSA) with 6.2M. ABC (NYSE:DIS) slotted in at No. 3 with 5.6M on average, and Fox (FOX, FOXA) fourth with 3.9M.
    • Among cable nets, Fox News Channel was again on top, with 2.57M prime-time viewers on average, followed by also-balling TBS and TNT (NYSE:TWX) with 2.13M and 1.97M respectively; HGTV (NASDAQ:SNI) with 1.74M and AMC (NASDAQ:AMCX) with 1.68M.
    • The week's top 10 programs again had a heavy CBS emphasis with five programs, led by NCIS at the very top with 15.1M viewers. NBC marked a Sunday hit with Steve Harvey's children-focused Little Big Shots (13.3M), settling in at No. 2 just ahead of AMC flagship The Walking Dead (12.69M).
    | Tue, Mar. 22, 7:42 PM | 2 Comments
  • Tue, Mar. 8, 3:54 PM
    • CBS (CBS -1.3%), lately a dominator of prime-time TV ratings, made a little room in the top 10 for NBC this week.
    • For the week ended Sunday, Fox News (FOX -1%, FOXA -1.5%) prevailed with its coverage of the last Republican presidential debate -- but not by much. The debate drew 16.8M viewers, just ahead of CBS juggernaut NCIS with 15.45M.
    • Meanwhile, two nights of singing show The Voice on NBC (CMCSA -1%) made their mark, with Monday and Tuesday broadcasts finishing at No. 3 and No. 5 with 13.3M and 12.3M viewers respectively, and sandwiching The Walking Dead (AMCX -2.2%), at No. 4 with 12.8M.
    • From there, the top 10 was all CBS again. NCIS: New Orleans, 60 Minutes, Madam Secretary, The Big Bang Theory and Criminal Minds rounded out the list.
    | Tue, Mar. 8, 3:54 PM
  • Mon, Mar. 7, 11:20 AM
    • AMC Networks (NASDAQ:AMCX) is seeing a pop today, up 2.7% after announcing its first stock repurchase program.
    • The company authorized up to $500M in buybacks of its common stock. "We believe this stock repurchase program provides us with additional flexibility for capital allocation while preserving our strong balance sheet and allows us to continue to pursue growth opportunities," says CEO Josh Sapan.
    • Timing and amount of buybacks will come down to market conditions. The program doesn't have a closing date set.
    | Mon, Mar. 7, 11:20 AM
  • Thu, Feb. 25, 2:05 PM
    • AMC Networks (NASDAQ:AMCX) dropped on good news again, off 5.9% despite its Q4 report where zombie success led to the advertising gains on its flagship channel that carried the quarter.
    • Revenues grew 11% -- led by National Networks, though the company grew sales internationally as well -- and adjusted operating cash flow was up to $197M.
    • Revenue by segment: National Networks, $562.3M (up 12.5%); International and Other, $119.2M (up 8.1%). Intersegment eliminations came to $2.6M.
    • Revenue growth was paced by a 13.4% increase in ad revenues, mainly at AMC channel (bolstered by mainstay ratings smash The Walking Dead as well as successful rollouts of Better Call Saul, Fear the Walking Dead, and Into the Badlands). International gains got a boost from IFC Films and AMC Networks International, where constant-currency growth was (unsurprisingly) partly offset by forex fluctuation.
    • Press Release
    | Thu, Feb. 25, 2:05 PM
  • Thu, Feb. 25, 8:34 AM
    • AMC Networks (NASDAQ:AMCX): Q4 EPS of $1.23 beats by $0.05.
    • Revenue of $679M (+11.4% Y/Y) beats by $3.98M.
    • Press Release
    | Thu, Feb. 25, 8:34 AM
  • Wed, Feb. 24, 5:30 PM
  • Wed, Feb. 17, 7:30 PM
    • Only a competing Republican debate could have messed this up for CBS -- so luckily, it was the network who broadcast this week's.
    • The network swept the top 10 shows in the ratings, with the exception of The Walking Dead on AMC, which finished third with 13.7M viewers. But the other nine of the top 10 programs were all on the Tiffany Network.
    • CBS (CBS +3.7%) says that's the first time in a decade that one of the major broadcasters has pulled that off.
    • Saturday's GOP debate was the No. 4 program, with 13.44M viewers. Topping the list were NCIS, with 16.94M, and The Big Bang Theory, with 16.25M. A pair of NCIS spinoffs, along with Scorpion, Blue Bloods, Madam Secretary and 60 Minutes filled out the rest of the list.
    • TNT (TWX +2.2%) topped cable networks, averaging 2.37M prime-time viewers, ahead of Fox News' (FOX +3.3%, FOXA +3.4%) 2.33M and AMC's (AMCX +3.2%) 1.96M. In news, NBC Nightly News (CMCSA +0.4%) led with 9.4M viewers.
    • In the season so far, CBS is unsurprisingly tops in prime-time viewers overall with an average 11.74M.
    • Previously: 'Walking Dead' midseason premiere ratings down, but still big (Feb. 17 2016)
    | Wed, Feb. 17, 7:30 PM | 2 Comments
  • Wed, Feb. 17, 7:01 PM
    • The Walking Dead, AMC Networks' (AMCX +3.2%) monster hit and flagship TV show, returned with a midseason premiere Sunday that pulled off that rare feat of disappointing despite huge numbers.
    • The show drew a 6.8 rating among adults 18-49 (down 15% from comparable premiere last year), and 13.7M viewers (down 12%) in live-plus-same-day estimates -- not up to the level of past episodes, but still outdrawing broadcast-network hits.
    • A holiday weekend and a Valentine's Day premiere couldn't have helped, not to mention the NBA All-Star Game (7.61M viewers on TNT and TBS (NYSE:TWX)) and a basic-cable premiere of Disney's Frozen. (3.9M viewers). AMC is looking forward to some help from delayed-viewing ratings.
    • But the show's streak of growing ratings every half-season peaked a year ago when the end of season five dipped below the first half.
    • The season premiere of follow-up show Talking Dead drew a 3.1 rating in the demo and 6.44M viewers overall, better than all eight fall episodes.
    • Previously: Piper Jaffray sees growth ahead, reiterates Overweight on AMC Networks (Jan. 07 2016)
    | Wed, Feb. 17, 7:01 PM | 4 Comments
Company Description
AMC Networks, Inc. is a holding company that owns and operates cable television networks through its subsidiaries. The company operates its business through two segments: National Networks and International & Other. The National Networks segment principally includes four nationally distributed... More
Sector: Services
Industry: Entertainment - Diversified
Country: United States