Ch-Ch-Ch-Chello – AMC Nets Spends $1bln on Intl Nets
By | October 29, 2013
Reaction was mixed Mon to the news that AMC Nets is spending $1bln on acquire almost all of Chellomedia, the intl content division of Liberty Global. AMCX closed down less than 1%, while analysts tried to figure out the ramifications. Check out what BTIG, Bernstein Research and Macquarie Securties’ analysts had to say about the deal.
More top stories in today’s CableFAX Daily:
Randy Freer was bumped up to pres, COO of Fox Networks Group, reporting to chmn/CEO Peter Rice. More on the promotion here.
Time Warner Cable is upping its speed game with Ultimate 100 Internet tier (100 Mbps), its fastest residential Internet speed to date. Here’s where it will be available.
Cable One subs won’t be shut out of hoops action on TNT this week after the two buried the hatchet on Friday.