AMC Networks, the corporate behind such cable networks as AMC, IFC and Sundance TV, in addition to such streaming companies as AMC+, Acorn TV and Shudder, has named Kirstin Dolan its new CEO. The manager succeeds Christina Spade.
“It’s a privilege to affix an organization with an extended legacy of partaking audiences with wonderful storytelling and world-class manufacturers,” mentioned Kirstin Dolan. “It’s additionally the place I began my profession within the trade. I stay up for bringing my broad expertise—throughout programming, cable operations, and most just lately, using information to reimagine tv promoting—to leverage AMC Networks’ sturdy property, drive the subsequent part of the corporate’s development, and construct shareholder worth within the coming years.”
On Nov. 29, the agency made the shock announcement that Spade “has stepped down from her function” with out giving particulars in regards to the purpose. The information got here as a shock as she had solely taken excessive function as of Sept. 9.
Later that day, AMC Networks chairman James Dolan despatched a memo to employees, forecasting “a large-scale layoff in addition to cuts to each working space.” He defined: “It was our perception that cord-cutting losses can be offset by positive aspects in streaming. This has not been the case.” Stories estimated that as much as 20 % of employees could possibly be hit by job cuts.
Spade beforehand served as CFO of AMC Networks since 2021 and later added the chief working officer title. Earlier than that, she held senior roles at ViacomCBS (now often called Paramount International), CBS Corp. and Showtime.
In August, AMC Networks had unveiled her because the successor for interim CEO Matt Clean, a former Showtime Networks CEO. Clean changed longtime boss Josh Sapan, who had in August 2021 introduced his change to the manager vice chairman function after a 26-year run.
Spade’s employment settlement was set to run by the top of 2025. A supply just lately advised THR that Dolan has been involved in regards to the state of the media and leisure enterprise and ended up in some disagreement with Spade and stepped in.
AMC Networks has usually been seen as a takeover goal for leisure or expertise giants, due to its relative lack of scale, whereas administration has argued that the corporate was doing effectively with specializing in area of interest streaming companies, usually emphasizing the advantages of going it alone as a extra centered firm.
Alex Weprin contributed to this report.