Decaying viewership for ‘The Walking Dead’ leaves AMC hunting for a new hit series

AMC Networks needs a new hit TV series as “The Walking Dead” bleeds viewership.

The cable network’s AMCX, -1.31%  flagship zombie apocalypse series has seen its impressive viewership rapidly decay recently. The Season 7 finale on April 2 had the lowest ratings the series has seen since season 3 in 2012.

The rate of viewership declines for “The Walking Dead” was one driver for Piper Jaffray analyst Stan Meyers downgrading the stock to neutral from overweight on Monday.

Read More: http://www.marketwatch.com/story/decaying-viewership-for-the-walking-dead-leaves-amc-hunting-for-a-new-hit-series-2017-04-10