Fri, Feb. 6, 9:06 AM
- Cablevision (NYSE:CVC) has naned company president Brian Sweeney its new CFO -- replacing Gregg Seibert, who will stay with the company as vice chairman.
- Seibert, for his part, is also taking on vice chairmanships with Madison Square Garden (NASDAQ:MSG) and AMC Networks (NASDAQ:AMCX).
- Sweeney will assume responsibility for Cablevision's Lightpath business as well as direct oversight of local media properties.
- Sweeney began his Cablevision career in 1993 at its programming division Rainbow Media (now AMC Networks).
- MSG is up 3.4% premarket off its earnings.
Thu, Jan. 22, 11:23 AM| Comment!
Nov. 4, 2014, 3:00 PM
- Media stocks are skittish after Discovery Communications lowers guidance and Dish Network CEO Charlie Ergen tips off a willingness to play hardball in carriage fee negotiations.
- Decliners: 21st Century Fox (NASDAQ:FOXA) -4.1%, Viacom (NASDAQ:VIAB) -4.0%, Disney (NYSE:DIS) -1.6%, Time Warner (NYSE:TWX) -3.5%, CBS (NYSE:CBS) -3.9%, AMC Networks (NASDAQ:AMCX) -3.3%, Lion's Gate (NYSE:LGF) -2.6%.
- The PowerShares Dynamic Media ETF (NYSEARCA:PBS) is -1.1% on the day.
- Previously: Dish Network gains after earnings call bravado
- Previously: Light guidance trips up Discovery Communications
Sep. 30, 2013, 11:00 AM
- AMC Networks (AMCX +1.2%) trades higher on a weak market day after Barron's taps the stock to see more gains even with hit series Breaking Bad now wrapped up.
- Ratings aren't in yet for last night's final episode of the AMC show, but the feedback on the show remains a Google trending topic today and has lit up Twitter.
- On tap for AMC: The network still has another season for Mad Men, perhaps a few more for The Walking Dead, and is going to take a shot at a Breaking Bad spinoff with Better Call Saul.
Aug. 29, 2013, 3:57 PM
- AMC Networks' (AMCX +3.5%) 15% pullback after its Q2 earnings provides an attractive entry point for investors, B. Riley says in upgrading shares to Buy from Neutral and raising its price target to $76 from $65.
- The firm says the market has priced in a worst-case scenario of cancellation of new series "Low Winter Sun" and is ignoring any possible upside from other new shows and fourth season of "The Walking Dead."
- AMC's free cash flow generation is a positive and "most important metric for names like AMCX given such a low cap-ex business model," the firm says.
Jun. 29, 2012, 10:35 AMShares of AMC Networks (AMCX +0.1%) trade flat after Dish Networks (DISH +2.9%) calls its bluff and says it will drop three of its channels from its lineup of programming tonight. On the other side of the coin, Dish is airing its own commercial-free programming on the trio of networks and will take a bit of a revenue hit as it gambles that it will gain it all back and more if it secures a lower fee structure from AMC in the future. | 1 Comment
May. 10, 2012, 9:06 AM
May. 4, 2012, 1:43 PMDish Network (DISH -2.7%) threatens to drop all of AMC's (AMCX -2.7%) networks due to "setbacks" from aging litigation between the two companies. Shows airing on AMC that could get pulled off of Dish's programming include Mad Men, Breaking Bad and The Walking Dead, although the report has all the hallmarks of a negotiating tactic. | 2 Comments
Mar. 15, 2012, 1:26 PMAMC Networks (AMCX -5.3%) trades lower after posting a big miss on its Q4 EPS. Revenue actually jumped 13% Y/Y, but profit lagged as the cable network owner took a hit on higher interest expenses, write-downs from a canceled series and higher marketing expenses from "Mad Men" and "The Killing." | Comment!
Mar. 15, 2012, 8:59 AM
Dec. 15, 2011, 10:53 AMAMC Networks (AMCX +3.1%) trades higher after JPMorgan starts coverage with an Overweight and $43 PT, citing a healthy outlook for TV advertising. In what could also be seen as a positive for names such as SNI and DISCA, JPMorgan expects U.S. TV ad spending to grow at a mid-single-digit clip next year, outpacing the 3.5% growth it sees for ad spending in general. | Comment!
Nov. 11, 2011, 3:32 PM
Nov. 11, 2011, 10:12 AM
Nov. 10, 2011, 11:50 AMAMC Networks' (AMCX +3.2%) shares climb after the cable TV network company reports Q3 EPS of $0.55 vs. $0.47 consensus, up 58% Y/Y, while $284M in revenue was up 4.6% Y/Y but below $292M consensus. CEO Josh Sapan says AMC will continue to invest in original programming such as The Walking Dead and Mad Men. | Comment!
Oct. 12, 2011, 3:29 PM
Oct. 7, 2011, 11:57 AMNetflix (NFLX -4%) and AMC Networks (AMCX +2%) have struck a multi-year deal granting Netflix exclusive distribution rights to The Walking Dead, and non-exclusive rights to other shows. AMC is rising on the news, but Netflix is selling off today, as Caris raises concerns about the potential renegotiation of a licensing deal with EPIX. | 5 Comments
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