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AMC Networks Stock Punished After Shaky Q4 Earnings Report; CEO Kristin Dolan Downplays M&A Scenarios, Says Plan Is To “Stick To Our Knitting” As “Marketplace Sorts Itself Out” – Update
Shares in AMC Networks dropped sharply Friday following a shaky fourth-quarter earnings report and a conference call with Wall Street analysts.
Shares in AMC Networks dropped sharply in early trading Friday following a shaky fourth-quarter earnings report and a conference call with Wall Street analysts. While AMC Networks is often mentioned as a potential M&A target given its size and stake in the increasingly tricky general entertainment programming sector, it has been kept from the deal arena by the Dolan family’s control of its shares. Despite the stress on affiliate revenue, she said AMC Networks is “feeling positive about our relationships with our distributors,” noting that carriage deals were completed in 2023 for about half of the company’s total footprint.
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