James Dolan Takes The Mic: On AMC Networks Earnings Call, Owner Explains Choice Of His Wife, Kristin, As CEO And Addresses M&A Prospects And Streaming Challenges As Stock Soars
deadline.comJames Dolan, interim executive chairman of AMC Networks, made a rare appearance on the company’s quarterly earnings call with Wall Street analysts, addressing a major exec change and the strategy for facing a complicated operating environment.
Asked about reports of M&A overtures and whether he sees AMC Networks continuing to go it alone or merging with another company, Dolan said the top priority is to make adjustments to enable AMC to make it as a stand-alone business.
At the top of the call, Dolan said his wife, Kristin, was picked as CEO because the company’s board of directors “concluded that she is the best candidate.” The new chief exec (who is separated from James Dolan, though they remain close), had previously been head of advertising analytics firm 605 and a longtime senior exec at Cablevision.
She will take the helm on February 27 in the latest major management change at the parent of cable networks like AMC and IFC and a handful of niche streaming services.
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