GREENWICH, Conn., April 22, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 16th Annual Media & Entertainment Symposium at the Harvard Club in New York City on Thursday, June 6, 2024. The symposium will feature discussions with leading companies and organizations across the media ecosystem, with an emphasis on industry dynamics, current trends, and business fundamentals, as well as Sports Investing and Advertising Panels. Attendees will also have the opportunity to meet with management in a one-on-one ...

NEW YORK, April 05, 2024 (GLOBE NEWSWIRE) -- AMC Networks Inc. (NASDAQ:AMCX) (the "Company") announced the early results, as of 5:00 p.m. New York City time, on April 5, 2024 (the "Early Tender Date") of its previously announced cash tender offer (the "Offer") to purchase any and all of its outstanding 4.75% Senior Notes due 2025 (the "Notes"). The terms and conditions of the Offer are described in an Offer to Purchase, dated March 25, 2024 (the "Offer to Purchase"), which was previously distributed to hold ...

Jeff Kravitz/FilmMagic, Inc via Getty Images Investment Thesis AMC Networks (NASDAQ:AMCX) has been facing secular headwinds as cable cord-cutting continues to pressure top-line growth. However, despite the continuing trend away from cable, AMC Networks continues to show strong free cash flow as they streamline operations and focus on niche quality content for select demographics. I believe the stock is undervalued as earnings and free cash are likely to continue as AMC Networks can leverage spin-off shows f ...

AMC Networks (AMCX) has been on a downward spiral lately with significant selling pressure. After declining 21% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock i ...

Shares of AMC Networks (AMCX -16.08%) were falling today after the company reported a sharp decline in revenue as it continues to struggle with the transition to streaming, and it missed estimates on the bottom line for the fourth quarter.As of 2:18 p.m. ET, the stock was down 15.1%. AMC is still getting left behindRevenue in the fourth quarter ended Dec. 31 fell 29.6% to $678.8 million, which was slightly better than the consensus at $676 million.In its domestic operations, revenue fell by 32.4% to $581.7 ...

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. The stock initially drifted down by mid-single-digits in pre-market trading after the earnings release, which revealed a 23% drop in domestic ad revenue and a 16% decline in affiliate revenue. Although it was difficult to draw a direct line between management comments on the call and the stock movement later in the morning, the selloff intensified ...

AMC Networks (AMCX) reported $678.85 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 29.6%. EPS of $0.72 for the same period compares to $2.52 a year ago.The reported revenue represents a surprise of +0.87% over the Zacks Consensus Estimate of $673 million. With the consensus EPS estimate being $0.64, the EPS surprise was +12.50%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determ ...

AMC Networks (AMCX) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $2.52 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.50%. A quarter ago, it was expected that this owner of cable channels including AMC and IFC would post earnings of $1.31 per share when it actually produced earnings of $1.85, delivering a surprise of 41.22%.Over t ...

AMC Networks Inc. AMCX, +0.21% shares fell 3.6% in premarket trades Friday after the company’s fourth-quarter revenue took a hit from falling subscriptions. The network that’s home to “The Walking Dead” franchise reported a net loss of $11.4 million, or a loss of 50 cents a share, compared with a net loss of $391.6 million, or a loss of $6.11 a share in the prior year’s quarter. On an adjusted basis AMC Networks earned 72 cents a share. Analysts surveyed by FactSet were looking for earnings of 68 cents a s ...

AMC Network posted a 23% drop in advertising for the fourth quarter as total revenue fell 30% to $679 million. But the company narrowed losses and saw streaming revenues up 4% to $145 million on a stronger subscriber base and a 3% increase in streaming subscribers from the previous quarter — to 11.4 million. AMC said the dip in ad revenues, to $158 million, was due to anticipated linear ratings declines, a challenging ad market and fewer original programming episodes within the quarter — partly offset by ...