AMC Networks Owner’s Wife Kristin Dolan Eyed for CEO Role (Report)
thewrap.comThe Wall Street Journal that Kristin Dolan has been a steady presence inside AMC, attending meetings and keeping an office on the executive floor.
She founded the marketing analytics company Firm 605 and is a member of AMC Networks’ board.The executive search, which is reportedly being conducted in partnership with recruiter Sucherman Group, follows the departure of former CEO Christina Spade in November after just three months in the role.Representatives for AMC Networks and Sucherman Group did not immediately return TheWrap’s request for comment.Following his appointment as interim executive chairman, Dolan announced a “large-scale layoff affecting about 20% of AMC Networks’ staff and “cuts to every operating area.”“As I am sure you are aware our industry has been under pressure from growing subscriber losses,” Dolan wrote in a memo to employees at the time. “This is primarily due to ‘cord cutting.’ At the same time we have seen the rise of direct to consumer streaming apps including our own AMC+.
It was our belief that cord cutting losses would be offset by gains in streaming. This has not been the case. We are primarily a content company and the mechanisms for the monetization of content are in disarray.
It is for that reason that myself and the Board of Directors of AMC Networks have concluded that we as a company need to conserve our resources at this time.” Additionally, AMC pulled the plug on Season 2 of “61st Street” starring Courtney B.
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