AMC Networks (AMCX)

AMC Networks, $3.8 million ADV, entertainment distribution company, long-term headwind from cable cord-cutting, controlled by the Dolan family, four CEOs in the last five years, most recently James Dolan’s wife, see ‘AMC Networks Owner James Dolan Finds a New CEO: His Spouse’, declining revenues, poorly timed stock buybacks, significant debt burden. Total return of -82% since June 2011 vs +462% for S&P 500.