Takeover Targets From Discovery to AMC Having Best Week in Years
Thanks to AT&T and Time Warner, media stocks are having their best week in three years. Discovery and Lions Gate are gaining more than 5 percent, while other takeover targets -- like AMC Networks Inc. -- are pacing smaller gains, as much as 2.2 percent intraday. AMC has grown its production arm and has garnered a leading position with key demographic groups through modest acquisition.