--> no p re-market yet
Topeka notes that with AMCX trading at an absurdly low 8.6x 2015 EBITDA on an EV basis, and a mere 12.7x consensus 2015 earnings, the latter an 8.7% discount to the S&P 500, they believe certain names within the large-cap Media set are eyeing AMCX (VIAB, DISCA, TWX, FOXA, SNI -- DIS and CBS also possible but unlikely) as a possible acquisition candidate, especially in the wake of the two major MSO mergers that have been announced within the last four months. Such bulk in buyer power could create head-aches for the large-cap set in future rate card negotiations if there is not the same response in terms of supplier power.