AMC Networks names a new CEO: Kristin Dolan, spouse of chairman James Dolan

AMC Networks, the institution that owns TV channels similar AMC and IFC, named Kristin Dolan its caller CEO connected Wednesday.

Dolan, who volition go CEO effectual Feb. 27, has served connected AMC's committee and worked intimately with the company. She's an manufacture veteran, and astir precocious served arsenic CEO of 605, a information analytics steadfast that measures assemblage numbers for TV networks.

She is besides the spouse, albeit separated, of James Dolan, the AMC Networks interim enforcement president James Dolan.

"I look guardant to bringing my wide acquisition — crossed programming, cablegram operations, and astir recently, utilizing information to reimagine tv advertizing — to leverage AMC Networks' beardown assets, thrust the adjacent signifier of the company's growth, and physique shareholder worth successful the coming years," Kristin Dolan said successful a quality merchandise connected Wednesday, noting AMC is wherever she started her career.

Dolan held assorted selling roles astatine AMC, erstwhile it was known arsenic Rainbow Media, successful the aboriginal portion of her career. She besides spent 16 years successful assorted roles astatine Cablevisions Systems Corp., the cable-TV institution erstwhile owned by the Dolan household earlier it was sold to Altice successful 2016.

In November, Christina Spade stepped from her relation arsenic CEO little than 3 months aft being promoted to the position. That aforesaid week, AMC told its employees it would beryllium going done a important circular of layoffs, which amounted to astir 20% of its U.S. staff, CNBC antecedently reported.

The Dolan household has been considering the champion mode to determination AMC Networks guardant arsenic it deals with cord-cutting and a choky advertisement market.

In a memo to unit successful November, James Dolan said it was the company's content that cord-cutting losses would person been stemmed by streaming. "This has not been the case. We are chiefly a contented institution and the mechanisms for the monetization of contented are successful disarray," helium told unit successful a memo astatine the time.

Shortly aft Spade stepped down, AMC announced it would statesman a restructuring "designed to execute important outgo reductions, successful airy of 'cord cutting' and the related impacts being felt crossed the media manufacture arsenic good arsenic the broader economical outlook," according to a securities filing. The institution said it expects the restructuring to beryllium completed by the extremity of this year.

More than fractional of AMC Networks' gross comes from the accepted pay-TV bundle, which has been bleeding subscribers arsenic they opt for little costly streaming services.

In summation to its linear TV namesake channel, which is known for contented similar "The Walking Dead," and caller caller bid built disconnected the room of the novelist Anne Rice, the institution owns streaming services similar AMC+ and horror-focused Shudder.

For immoderate clip now, AMC Networks has been considered an acquisition people for larger media companies looking to bulk up their libraries.