Industry veteran takes over troubled network that in recent months has seen layoffs, restructuring, sudden resignation of previous CEO
Dolan is a longtime AMC Networks AMCX board member and will take over the role Feb. 27, the company said in a statement. She is a media-industry veteran of more than 30 years, who last served as CEO of 605, an audience analytics company she founded in 2016.Dolan is a longtime AMC Networks AMCX board member and will take over the role Feb. 27, the company said in a statement.
“I look forward to bringing my broad experience — across programming, cable operations, and most recently, utilizing data to reimagine television advertising — to leverage AMC Networks’ strong assets,” Dolan said in a statement.“Kristin is a proven executive and operational leader with a track record driving organizational change, a history managing subscription-based businesses, and a deep understanding of audience engagement and advertising,” James Dolan said in a statement.
AMC’s previous CEO, Christina Spade, resigned in November after less than three months on the job. In December, the company said it expected to incur $350 million to $475 million in restructuring charges, including layoffs of about 20% of its staff. James Dolan was named interim executive chairman on Dec. 5, with the expectation he would step back once a new CEO is in place.
AMC Networks owns cable networks such as AMC, IFC, BBC America and Sundance TV, and streaming services such as AMC+ and Acorn TV. The company’s stock is up nearly 30% year to date, but is still down 47% over the past 12 months, compared to the S&P 500’s SPX 8% rise this year and 7% decline over the past year.
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