AMC Networks names media industry veteran Kristin Dolan as CEO (updated)

AMC Global Media

15/02/2023 22:03

(Adds details, background)
       Feb 15 (Reuters) - AMC Networks Inc  AMCX.O  on
Wednesday named media industry veteran and long-time board
member Kristin Dolan as its chief executive officer, filling a
position that had been empty since Christina Spade's abrupt
departure in November.
    Kristin, who is the wife of company Chairman James Dolan,
has previously worked at cable television company Cablevision
Systems Corp and served as the top boss of data and audience
analytics firm 605, which she founded in 2016.
    Kristin will take the reins of the company behind shows such
as "Mad Men" and The Walking Dead" on Feb. 27. She will receive
a base salary of at least $2 million, AMC Networks said.
    The company's previous CEO had left less than three months
after taking over the role, and the announcement on her
departure had coincided with AMC Networks saying it would cut
about 20% of its U.S. workforce.
    Cord cutting and a gloomy advertising market have weighed on
the company's business, but the streaming unit has emerged as a
bright spot. Revenue in the division surged 41% in the last
reported quarter, even as the company's overall revenue slumped
16%.
 (Reporting by Sourasis Bose in Bengaluru; Editing by Shailesh
Kuber and Shinjini Ganguli)
 ((Sourasis.Bose@thomsonreuters.com;))