AMC Networks’ Board of Directors Appoints James L. Dolan Interim Executive Chairman

Rhea-AI Summary

AMC Networks (Nasdaq: AMCX) announced the appointment of James L. Dolan as Interim Executive Chairman following the exit of former CEO Christina Spade. Dolan's role is effective immediately, allowing him to provide strategic oversight until a new CEO is selected. He emphasized the strength of the executive leadership team during this transformative period in the media industry. Dolan’s interim term will last until a new appointment is made or until March 6, 2023.

Positive

• James L. Dolan's appointment may bring fresh strategic perspectives.
• Continuity of leadership through an experienced executive team during transitions.

Negative

• Departure of a CEO could indicate instability within the management.
• Uncertainty regarding the timeline for appointing a permanent CEO may affect investor confidence.

NEW YORK, Dec. 05, 2022 (GLOBE NEWSWIRE) -- AMC Networks (Nasdaq: AMCX) today announced that the Board of Directors has appointed James L. Dolan as Interim Executive Chairman of the Company, following the departure of former Chief Executive Officer Christina Spade. Effective immediately, Mr. Dolan will serve as Interim Executive Chairman which will enable him to provide strategic oversight of the company until a new CEO is named.

Mr. Dolan commented: “AMC Networks has a seasoned executive leadership team and I look forward to working with them to provide high-level strategic direction and guidance as we navigate the business during this period of transformation in the media industry.”

Mr. Dolan will remain Interim Executive Chairman of the Company until the earlier of the Board of Directors appointing a new chief executive officer or March 6, 2023.

About AMC Networks
AMC Networks (Nasdaq: AMCX) is a global entertainment company known for its popular and critically acclaimed content. Its brands include targeted streaming services AMC+, Acorn TV, Shudder, Sundance Now, ALLBLK and the anime-focused HIDIVE streaming service, in addition to AMC, BBC AMERICA (operated through a joint venture with BBC Studios), IFC, SundanceTV, WE tv, IFC Films and RLJE Films. AMC Studios, the Company’s in-house studio, production and distribution operation, is behind some of the biggest titles and brands known to a global audience, including The Walking Dead, the Anne Rice catalog and the Agatha Christie library.  The Company also operates AMC Networks International, its international programming business, and 25/7 Media, its production services business.

Contacts:

Georgia Juvelis
Corporate Communications
917-542-6390
Georgia.juvelis@amcnetworks.com

Nicholas Seibert
Investor Relations
646-740-5749
Nicholas.seibert@amcnetworks.com

FAQ

Who has been appointed as Interim Executive Chairman of AMC Networks?

James L. Dolan has been appointed as the Interim Executive Chairman of AMC Networks.

What led to the appointment of James L. Dolan as Interim Executive Chairman?

The appointment follows the departure of former CEO Christina Spade.

How long will James L. Dolan serve as Interim Executive Chairman?

Dolan will serve until a new CEO is appointed or until March 6, 2023.

What is James L. Dolan's vision for AMC Networks during the transition?

He aims to work with the seasoned executive leadership team to provide strategic direction during this transformative phase.

What is the significance of the leadership change at AMC Networks?

The leadership change may impact company strategy and investor confidence during a time of transition in the media industry.