AMC Networks CEO Christina Spade Exits After Less Than 90 Days on the Job
November 29, 2022
AMC Networks Nov. 29 announced that its recently named CEO, Christina Spade, has left her position at the company after less than three months. No explanation was given for the former CFO’s sudden departure.
“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,” AMC Networks Chairman James Dolan said in a statement.
The AMC Networks board of directors is currently finalizing who it will name as a replacement, with an announcement to follow.
Spade, a media and entertainment industry veteran who previously held senior roles at ViacomCBS, CBS Corporation and Showtime, had succeeded Matt Blank, who has been serving in a year-long role as interim CEO of AMC Networks since last September.
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She joined AMC Networks as CFO in January 2021 and was soon promoted to a new dual role of COO and CFO in November 2021. In this role she oversaw AMC Networks’ businesses, financial operations as well as investor relations and global technology.
AMC Networks says it continues “to pursue a streaming strategy targeting distinct audiences,” meaning it has assembled a confederation of niche streamers. Its streaming portfolio includes AMC+ and targeted platforms Acorn TV, ALLBLK, HIDIVE, Shudder and Sundance Now, and now reaches 10.8 million paying subscribers in aggregate through the second quarter (ended June 30) and is on track to reach 20 million to 25 million subs by 2025.