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.

Wow! The Walking Dead and ‘Mad Men, together. What a team!!
THINK SYNERGY, AMC!!! The Walking Mad Men Dead!!! Not just ad men, ZOMBIE AD MEN in 1978 Atlanta !!!! TV GOLD!! I’m tellin’ ya!!!
AMC is the harbinger for the future of the television business, a company without the organizational baggage of a large studio, free to focus on the marketplace without the constraints of a bureaucratic mindset. Much as Netflix or iTunes have proven, the studios are like dinosaurs in their ability to react to the new realities of the marketplace. Their fates won’t be much different than those of Blockbuster or the record companies either if they aren’t careful…AMC could very well be the next high growth media stock…
This was NOT the season 2 premier…That was in October…Also, I believe that “The Closer” has had a higher number than that before…