This is one heck of a week for the Dolan family. It isn’t just because of Lin-sanity — the mind-boggling scoring spree by New York Knicks point guard Jeremy Lin that has sent the stock price soaring for Madison Square Garden, where Jim Dolan is chairman and the dominant shareholder. AMC Networks, the cable networks company that the Dolans also control — and that went public last June — hit a new high today, closing at $44.26, up 3.1%. Investors are chewing on the possibility that it will go on a scoring spree of its own, potentially making it a ripe acquisition target. On Sunday the channel’s Season 2 premiere for The Walking Dead attracted 8.1M viewers, the largest audience ever for a cable drama. And on March 25 it will have the eagerly anticipated return of its hit series Mad Men. That led J.P. Morgan analyst Monica DiCenso this week to raise her target price for AMC shares to $51 from $43. At today’s closing price, AMC shares are up about 17.8% so far in 2012. AMC will report its year-end earnings March 15.
AMC Networks Shares Come To Life Following 'Walking Dead' Success
Trending Now on Deadline
Ryan Murphy & His 'Glee' Co-Creators Get Fox Series Order For Comedy-Horror Anthology 'Scream Queens'
Alamo Drafthouse's Tim League: Make A Place For Christopher Nolan, Quentin Tarantino, And Film Stock In Digital Future
FINAL: 'Fury' Wins Box Office War With $23.7M; 'Book Of Life' At $17M; 'Gone Girl' $100M+; 'Best Of Me' $10M - B.O. Final
More From Lieberman
- How The New York Times Missed The Story About HBO, CBS, And The Web
- Movie Ticket Outlays Averaged $8.08 In Q3, Up 3.1% From Last Year
- Fox And Tribune Call Off Their NFL-Related TV Battle For Seattle
- Google Shares Slip After It Misses Q3 Earnings Expectations
- CBS Launches $5.99-A-Month Subscription Streaming Service