AMC Networks is looking for a new CEO
After less than three months on the job, Christina Spade stepped down from the role, the cable network announced Tuesday. AMC said that its board of directors is “currently finalizing who it will name as a replacement, with an announcement to follow.” “We thank Christina for her contributions to the company in her CEO role and her earlier CFO role, and we wish her well in her future endeavors,” James Dolan, AMC Networks\n \n Chairman, said in a statement.
Blank succeeded Josh Sapan, who served as CEO for more than two decades. Sapan led the network as it created some of the most popular and award-winning series in TV history, including “Mad Men,” “The Walking Dead” and “Breaking Bad.” The network also said it will lay off roughly 20% of its US employees as the cable mainstay comes under heavy financial pressure from subscriber losses and consumers increasingly shifting toward streaming services.
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