Patriarch Charles Dolan Steps Down As AMC Networks’ Executive Chairman; Co. Launches $250M Stock Buyback
Jill Goldsmith Co-Business EditorAMC Networks, in a pair of SEC filings Tuesday, said cable pioneer and family patriarch Charles Dolan, is stepping down as executive chairman of its board of directors and that it’s planning to buy back up to $250 million in stockCharles Dolan will become chairman emeritus. His son James Dolan will become non-executive chairman of the board.The elder Dolan, 93, was a founder of HBO and created Cablevision, one of the nation’s largest cable operators that was sold to Altice in 2017.