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AMC Networks Announces Leadership Changes

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Tuesday, August 24, 2021
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NEW YORK, Aug. 24, 2021 (GLOBE NEWSWIRE) -- AMC Networks (NASDAQ: AMCX) today announced that following a successful 26-year tenure as president and chief executive officer Josh Sapan has notified the company of his desire to transition to executive vice chairman. To help ensure an orderly transition, the company also announced that seasoned media executive Matthew Blank will serve as interim chief executive officer while the company conducts a search for a replacement.

Key Points: 
  • Mr. Blank joins AMC Networks following more than 40 years of leadership positions in the media industry, including 20 years as chairman and chief executive officer of Showtime Networks, where he also served as president and chief operating officer.
  • As interim chief executive officer, Mr. Blank will utilize his expertise and work with AMC Networks leadership, including Mr. Sapan, to maximize the companys streaming business, while building on its core assets.
  • AMC Networks Chairman James Dolan said: Over his long career, Joshs leadership ensured AMC Networks became a force in entertainment, with far-reaching influence throughout the industry, and home to some of the most successful and innovative shows in the history of television.
  • The Company also operates AMC Networks International, its international programming business, and 25/7 Media, its production services business.