AMC Networks is closing in on a deal to acquire a sizable stake in BBC America for about $200 million. The deal is expected to come together by the end of October. AMC Networks is believed to be grabbing just under 50% of the channel that is the Beeb’s namesake outpost in the U.S.
AMC Networks Inc., the cable programmer controlled by the Dolan family, is in talks to acquire almost 50% of BBC America, BBC Worldwide’s U.S. channel, people with knowledge of the matter say.
AMC Networks said Monday that it has temporarily extended a carriage deal with Time Warner Cable as the two sides negotiate a renewal of the contract that expired at midnight on Dec. 31.
The companies announced that they have a pact to keep the channels on the phone giant’s video system past the end of December, when the current contract expires. While the companies didn’t disclose specific terms, AMC says that it’s a “long-term agreement” that “recognizes the value of our networks.”
Exclusives
The Dish Network blackout has cast a cloud over AMC Networks’ growth prospects, coming a year after the company was spun out of Cablevision as a stand-alone company.
Dish Network Gets Dissed By AMC
The battle between AMC Networks and Dish Network continues to escalate as AMC announced that it will provide Dish customers with live streams of AMC’s Hell on Wheels and Braxton Family Values.
AMC Networks Reports Higher 2Q Earnings
AMC Networks, the company behind cable networks AMC, IFC, and WE tv, AT&T’s U-verse pay TV service, unveiled a new carriage agreement on Sunday.
AMC Networks 1Q Revenue, Profit Rises
(RTTNews) — AMC Networks Inc. reported a first-quarter net income of $43.2 million or $0.60 per share, up from $29.8 million or $0.43 per share in the comparable quarter last […]
Subscribers to Dish Network Corp. could lose TV shows such as Mad Men and The Walking Dead as a result of a dispute between the satellite TV company and AMC Networks Corp. over programming fees and a four-year-old lawsuit.
AMC Networks Posts Higher 3Q Profit
RTTNews — AMC Networks Inc. (AMCX: News ) reported net income for the third quarter of $40.0 million or $0.55 per share, compared to $25.3 million or $0.37 per share […]
Newly Public AMC Reports 21% Rev Spike
AMC Networks’ first earnings report as a public company showed strong advertising gains — just like many other cable networks — and big gains in its stock price.
The cable network could command as much as $3 billion if big buyers come calling, making it the most expensive American media takeover in five years.
The cable networks group has completed its spin-off from cable operator Cablevision, and its stock, which many analysts recommend with “buy” ratings, has started trading on Nasdaq.
Cablevision Systems Corp., the Long Island, N.Y.-based media company that owns cable TV systems and a raft of cable networks, said Thursday that it was on track to spin off its Rainbow Networks unit in mid-2011 and the soon-to-be created company will be named AMC Networks Inc.
