Cablevision Shares Hammered After It Misses The Street’s 2Q Targets

Cablevision shares are down 8.7% in early trading after the company reported anemic 2Q results. Net income at $87.8M was up 44.3% vs the same period last year on revenues of $1.69B, up 9.1%. But if you factor out the company’s … Read More »

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AMC Networks Goes Public With Hot Shows, And Analysts Looking For A Sale

Wall Street has high expectations for AMC Networks as it prepares to begin its new life Friday as an independent, publicly traded company. Most, and possibly all, of the analysts following the owner of AMC, IFC, WeTV and Sundance have a “buy” rating on the stock, which Cablevision Systems is spinning off and will trade on NASDAQ under the symbol “AMCX.”

The company’s going public as its biggest channel, AMC, enjoys a hot streak. Mad Men is bidding to become the first series since NBC’s The West Wing to win the Emmy for Best Drama Series for four straight years. If The Walking Dead and The Killing also are nominated, then AMC could become the first cable network to have three candidates in that category. Another AMC hit, Breaking Bad, isn’t eligible this year.

Maxim Group’s John Tinker says that AMC has “done an exceptional” job of commissioning original series as he projects that AMCX will hit $34 in 12 months. He’s concerned, though, that AMC won’t enjoy most of the financial rewards from its hits. For example, Mad Men producer Lionsgate owns the show’s syndication rights. Tinker also fears that AMC’s collection of older movies compete too directly with Netflix. Cable cord cutting “is here to stay,” he says. Read More »

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Jim Dolan Joins Live Nation Board After Company Says He Can Still Be A Competitor

The mind-numbing network of interlocking corporate relationships at Live Nation — the No. 1 concert promoter and owner of Ticketmaster — just became much more complicated with the announcement that Jim Dolan is joining its board of directors. He’s a power in live entertainment in his role as executive chairman of Madison Square Garden — a major owner of concert venues (Radio City Music Hall, The Beacon Theater, The Chicago Theater), sports teams (New York’s Knicks and Rangers) and media outlets (MSG network and music channel Fuse). Dolan’s also CEO of Cablevision Systems, a director of AMC Networks, and a Live Nation client in his role as lead singer and guitarist for blues band Read More »

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It’s Official: AMC Networks Goes Public This Month. Will The Dolans Supply The Drama?

It’s no surprise, but significant nonetheless: Cablevision’s board voted to approve the spin off of its programming arm, AMC Networks — which includes cable channels AMC, IFC, Sundance Channel, and We tv. It will go public at the end … Read More »

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Cablevision Spins Off Rainbow Media

By | Thursday December 16, 2010 @ 4:10pm PST
Nellie Andreeva

AMC’s parent Rainbow Media won’t be part of Cablevision anymore. After exploring a possible spin-off of its Rainbow Media division for the past couple of months, Cablevision Systems Corp. today announced it is proceeding with the spinoff after getting authorization from the board of directors. The spin-off is expected to … Read More »

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