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
'This Is Us' Casting Director Discusses Reason Why New York Talents Are Being Discovered Later In Their Careers
Latest TV News
- Donald Trump Son-In Law Jared Kushner Discussed Secret Communication Channel With Russia: Report
- Stephen Colbert Explains How Donald Trump Alpha-Dogged His Way Through NATO Summit
- ‘The Simpsons’: Donald Trump Gets A Thank-You From Richard Nixon’s Ghost
- Viacom’s Great Program Migration: Guide To Which Show Moved Where
- MSNBC President Phil Griffin Signs New Deal; Whither Goest Lawrence O’Donnell?
- ‘The 100’ Ups Tasya Teles To Regular; ‘Supergirl’s Floriana Lima To Return As Recurring