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'Walking Dead' Livens Up AMC's Quarterly Profit

AMC Networks (NASDAQ:AMCX) said Thursday its first-quarter earnings surged 43% on substantially higher advertising sales at its national networks.Shares climbed 5.7% to $68.365, as the earnings report beat Wall Street estimates.The cable channel operator, which was spun off from Cablevision Systems (NYSE:CVC) in 2011, has found success in creating original shows, such as "The Walking Dead" and "Mad Men," that have climbed the ratings charts. However, AMC Networks has incurred higher costs as a result.The company owns three other networks: the Sundance channel, WE and IFC.AMC Networks recorded a $61.5 million profit, well above the year-ago period's $43.2 million profit. Per-share earnings for the latest period were 85 cents, up from 60 cents. Analysts expected earnings of 80 cents a share.Revenue jumped 17% to $382 million, beating estimates of $367 million.The national networks segment posted revenue growth of 18%, led by a 27% increase in advertising sales.In a statement, President a...

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  1. Viacom CEO calls Cablevision lawsuit "frivolous"

    Viacom Inc Chief Executive Philippe Dauman criticized Cablevision Corp on Monday for filing an "ill-advised and frivolous" antitrust lawsuit against Viacom that he s...

  2. Market Wrap for Thursday, February 28: Stocks close Little Changed

    The stock market was little changed on Thursday as investors evaluated mixed economic reports.Jobless claims data and Chicago PMI was positive, but a second Q4 GDP e...

  3. Cablevision 4Q Net Soars on Dish Settlement

    Cablevision (NYSE:CVC) nearly doubled its fourth-quarter profit after posting a large gain from its settlement with Dish Network (NASDAQ:DISH), while its subscriber ...

  4. Could Cablevision ’s Lawsuit Against Viacom Benefit Consumers?

    Albert Fried & Co. Director of Research Richard Tullo and Ovation COO Chad Gutstein on how Cablevision ’s lawsuit against Viacom could impact the cable industry.

  5. The Clash of Cable Titans

    FBN’s Dennis Kneale weighs in on Cablevision ’s anti-trust lawsuit against Viacom.

  6. Mediacom Complains About Bundling Practices Amid Cablevision Fight

    Mediacom Communications Corp. spoke out against bundling practices of national media conglomerates after fellow pay-TV distributor Cablevision Systems Corp. (CVC) su...

  7. Cablevision Suing Viacom Over Bundling of Programming

    FBN’s Shibani Joshi on Cablevision ’s federal antitrust lawsuit against Viacom.

  8. Cablevision Sues Viacom for Bundling Channels

    Cablevision Systems Corp. (CVC) said it filed an antitrust lawsuit against Viacom Inc. (VIA, VIAB), alleging the entertainment company forced it to carry more than a...

  9. Cablevision Sues Viacom for Allegedly Violating Antitrust Rules

    Cablevision Systems Corp. (CVC) has sued Viacom Inc. (VIA) for allegedly forcing the cable operator to carry channels its customers don't want in order to carry must...

  10. Dish's Ergen Makes Case for Clearwire Deal; Net Falls 33%

    Dish Network Corp. (DISH) Chairman Charlie Ergen made his case for why Sprint Nextel Corp. (S) should accept Dish's offer for its half-owned wireless affiliate Clear...

  11. High stakes if Apple e-books antitrust case goes to trial in U.S

    As the only remaining defendant in the U.S. government's e-books antitrust case, Apple Inc appears headed for a high-stakes trial that could significantly increase t...

  12. Charter to Buy Cablevision Assets for $1.6 Billion

    Charter Communications Inc. (CHTR) agreed to buy Cablevision Systems Corp.'s (CVC) western cable systems, known as "Optimum West," for $1.625 billion in cash.Cablevi...

  1. Cablevision Posts 1Q Loss as Costs Increase

    Cablevision Systems (NYSE:CVC) swung to a first-quarter loss amid higher costs and declining cable-television revenue.The cable television operator, which said it co...

  2. Charter Narrows 1Q Loss on Higher Revenue

    Charter Communications (NASDAQ:CHTR) reported a smaller first-quarter loss amid improved video and Internet revenue, while the cable provider continued to see weak t...

  3. U.S. Stocks Seen Down after S&P Hits New High

    From MARKET TALK:0848 GMT [Dow Jones] US stocks are set for a weaker start Tuesday after the S&P 500 recorded a new all-time closing high in the previous session, sa...

  4. Court Blocks Bid to Shut Aereo

    A U.S. appeals court on Monday declined to temporarily shut down Aereo Inc, an online television venture backed by billionaire Barry Diller, which broadcasters say i...

  5. Liberty Media Buys 27.3% Stake in Charter Cable

    Liberty Media Corp. (NASDAQ:LMCA), headed by Chairman John Malone, agreed on Tuesday to buy 27.3% of cable operator Charter Communications (NASDAQ:CHTR) in a $2.62 b...

  6. Don't Miss These Hidden Fees

    Consumer Reports Senior Projects Editor Tod Marks on the hidden charges on your every day bills.

  7. Cablevision Says it Faced $1B Fee to Avoid Viacom Bundling

    Cablevision (NYSE:CVC) said it was facing a penalty of more than $1 billion if it refused to carry   Viacom's (NASDAQ:VIAB) lesser-watched networks under a deal it a...

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