The 10.3% jump in AMC Networks‘ shares to $39.20 is a surprise on the first trading day after Dish Network dumped AMC, IFC, and WE — costing the channels 14.1M potential viewers. There was no big news event or even an upbeat analyst report today. But I hear that some Wall Streeters were impressed by AMC’s settlement this weekend with AT&T U-verse. Although the companies didn’t say how much more AT&T agreed to pay for the channels, some believe it to be at least 10%. The deal also seemed to indicate that the troubles with Dish are isolated, and not the beginning of an industrywide abandonment of AMC. And there’s a sense that AMC has already been beat up enough. Its stock was down 20% from early May when Dish announced its plans to the closing bell on Friday. With today’s jump AMC is down 12% over that period — and is back into positive territory for 2012.
Why Was AMC Networks Today's Hottest Media Stock?
What's Hot on Deadline
Bill O'Reilly Victim Of "Orchestrated Campaign" Fox News Says As He Responds To One Of New Reports – Update
Arrow/Flash Superhero Team-Up Spinoff In Works At CW; Brandon Routh, Victor Garber, Wentworth Miller, Caity Lotz Star
More From Lieberman
- Net Neutrality 101: What It Is, What The FCC Did And Why It’s Important
- Net Neutrality Vote: Reactions From The Industry And Interest Groups
- ‘The Killing’ Producer Tells FCC That Net Neutrality Will Protect Competition
- AMC Networks International Operations Help It To Beat Q4 Earnings Expectations
- John Malone Might End Up With A Bigger Stake In Lionsgate