AMC Networks is undergoing a significant changing of the guard, as CEO Josh Sapan has announced he will step down after a 26-year run in the corner office.Former Showtime chief Matt Blank will take over on an interim basis, in a one-year appointment designed to maintain stability during a search for a permanent CEO.
Sapan will become executive vice chair of the company as of September 8.When Sapan re-upped as CEO in late 2020, his contract included an option to transition to executive vice chairman.AMC Networks, which began as a subsidiary of Cablevision called Rainbow Media, has had a strong run under Sapan.
The company has ushered in successful and culturally significant cable TV shows like The Walking Dead, Mad Men and Breaking Bad.
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