AMC Networks Inc. (NasdaqGS:AMCX) will look for M&A. Patrick O'Connell, Chief Financial Officer said, "We appreciate the flexibility and optionality that our current cash balance affords us. Additionally, we believe that our current capital structure present potential opportunities for us to deploy our cash flow in a value-accretive manner over time. On the topic of capital allocation, our philosophy remains prudent and opportunistic.

First, we look to support the business by creating and acquiring compelling programming that resonates with our audiences while maintaining healthy levels of profitability and cash flow generation. Second, we look to improve our balance sheet by reducing gross debt and optimizing our capital structure. Third, strategic M&A and returning capital to shareholders remain further down our current priority list".