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AMC Networks Inc. (AMCX)

  • 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.
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  • Thu, Jan. 22, 11:23 AM
    • AMC Entertainment (AMCX +2%) gains after Nomura upgrades shares to a Buy rating from Neutral.
    • The investment firm thinks the strong content at AMC will lead to sector-leading EPS growth.
    • A price target of $80 is assigned by Nomura vs the consensus PT of $76.98.
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  • Nov. 4, 2014, 3:00 PM
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  • 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.
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  • 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.
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  • Jun. 29, 2012, 10:35 AM
    Shares 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.
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  • May. 10, 2012, 9:06 AM
    Shares of AMC Networks (AMCX) shoot up 1.8% premarket after the company beat the estimates of analysts with its earnings report. The company's quarter received a big boost from the soaring ratings for The Walking Dead and the advertising revenue the show kicked up.
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  • May. 4, 2012, 1:43 PM
    Dish 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.
  • Mar. 15, 2012, 1:26 PM
    AMC 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."
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  • Mar. 15, 2012, 8:59 AM
    AMC Networks (AMCX): Q4 EPS of $0.40 misses by $0.20. Revenue of $339M (+13.6% Y/Y) beats by $11M. Shares -2.1% premarket. (PR)
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  • Dec. 15, 2011, 10:53 AM
    AMC 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.
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  • Nov. 11, 2011, 3:32 PM
    Disney's (DIS +6.3%) FQ3 beat, headlined by the strong performance of its Media Networks business, is giving a lift to other TV network owners. CBS +4.9%. TWX +3%. DISCA +2.9%. AMCX +6.9%. SNI +3.8%. VIA.B +3.4%. LSTZA +7.4%. (DIS transcript)
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  • Nov. 11, 2011, 10:12 AM
    Shares of AMC Networks (AMCX +6.2%) post a solid gain, extending yesterday's post-earnings report rally. The company landed an upgrade from Stifel Nicolaus to Hold from Sell, while Morningstar calls shares "fairly valued" on overhyped acquisition talks.
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  • Nov. 10, 2011, 11:50 AM
    AMC 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.
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  • Oct. 12, 2011, 3:29 PM
    AMC Networks (AMCX -2.1%) trades lower after Morgan Stanley starts coverage with an Underweight, beliving the company's "premium multiple" fails to reflect the risks presented by "ratings maturation at AMC or increased programming investment across its portfolio."
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  • Oct. 7, 2011, 11:57 AM
    Netflix (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.
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Company Description
AMC Networks Inc owns and operates several of cable television's brands delivering high quality content to audiences and a valuable platform to distributors and advertisers.