AMC Networks CEO Christina Spade exits after less than 3 months as company warns of mass layoffs

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AMC has seen its quarterly revenue fall 16% in the period that ended Sept. 30.

More than half of the company’s revenue comes from TV packages, which have been gutted by viewers switching to streaming services.

“It was our belief that cord-cutting losses would be offset by gains in streaming,” Dolan wrote in his memo to employees. “This has not been the case. We are primarily a content company and the mechanisms for the monetization of content are in disarray.”AMC’s board said it is finalizing its decision on Spade’s successor, who will likely be an internal candidate.

Spade joined AMC in 2021 as chief financial officer. She was later also given the title of chief operating officer, before being promoted to CEO after less than a year of working at the company.

 

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If they want things turned around, Better Call Saul!

Workers and employees are paying the price because of... settling scores between officials

Plz do more TWD spin-offs and a remake of the original. This will help.

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