In a year that featured another wave of consolidation in the television and media industry and an uptick in cord-cutting, AMC Networks (NASDAQ: AMCX) found itself on the losing end as shares of the cable network operator fell 28% in 2019, according to data from S&P Global market Intelligence.
The parent of AMC, IFC, Sundance, WeTV, and BBC America, as well as a number of niche streaming services, fell especially hard in the later months of the year as both Apple and Disney launched their own streaming services. Anticipation for AT&T's HBO Max and Comcast's Peacock services built, putting more pressure on traditional cable networks like AMC. The chart below shows the stock's trajectory for the year.