AMC Networks’ Chairman Open to Sale; Shares Soar on Results

AMC Networks Inc. Executive Chairman James Dolan said he was open to a “strategic transaction” as his company’s shares soared after posting fourth-quarter results that beat Wall Street’s expectations.

On an earnings call Friday, Dolan suggested to analysts that AMC Neworks could “stay the course” or pursue a “strategic transaction,” adding that it was “very much open to all those ideas.”

For now, Dolan said he was focused on guiding the company through a challenging time as cord-cutting throws the industry’s business model into disarray.

“The current mechanisms for monetizing content are not working,” Dolan said.

“We believe large distributors ...