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AMC Networks Inc. stock price
AMC Networks Inc. latest news:
Media sector suffers selloff after Disney, Comcast give guidance scaring investors
A handful of media stocks took a dive on Thursday after Walt Disney Co. warned that the media and entertainment company's 2017 earnings would be "roughly in line" with last year, and Comcast Corp. management told investors it is likely to lose 150,000 video subscribers during the third quarter. Comcast led the sector down, falling more than 7%, while Disney shares dropped more than 4%. Shares of Altice USA Inc. were down nearly 6% during intraday trade on Thursday, while shares of Viacom Inc. and 21st Century Fox Inc. were down more than 4%. CBS Corp. , AMC Networks Inc. and Sinclair Broadcasting Group Inc. shares fell more than 3%. Shares of Discovery Communications Inc. , MSG Networks Inc. and Dish Network Corp. were down more than 2%. In the year to date, Disney shares are down more than 6%, while shares of Comcast are up nearly 12% and the S&P 500 index is up more than 10% in the year. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-AMC Networks announces pricing of $800 mln of senior notes
* AMC Networks Inc. announces pricing of $800 million of
BRIEF-AMC Networks' unit enters into sale and purchase agreement with TVT Ltd
AMC Networks Inc(AMCX). * AMC Networks(AMCX) says on July 12, co's unit entered into a sale and purchase agreement with TVT Ltd for sale of Digital Media Centre B.V. - SEC filing. * Company will recognize a pre-tax loss of approximately $12 million on sale of AMCNI - DMC in Q3 of 2017. * Subsequent to sale, TVT Ltd will continue to provide broadcast services to AMC Networks International.
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