TV

Cablevision spinning off AMC Networks June 30

Cablevision founder Charles Dolan will become executive chairman of AMC Networks while current Rainbow CEO Josh Sapan (pictured) will be president and CEO.
June 7, 2011

The board of directors for U.S. media company Cablevision has approved the spin-off of its AMC Networks cable channels business.

Cablevision founder Charles Dolan will become executive chairman of AMC Networks, with current Rainbow CEO Josh Sapan (pictured) becoming president and CEO.

AMC Networks, formerly known as Rainbow Media Holdings, will be listed on Nasdaq under the symbol AMCX. Share distribution to Cablevision shareholders will take place June 30.

The company has under its umbrella American cable nets IFC, Sundance Channel, WE tv, and its namesake AMC, as well as international operations AMC/Sundance Channel Global.

About The Author
Daniele Alcinii is a news reporter at realscreen, the leading international publisher of non-fiction film and television industry news and content. He joins the rs team with journalism experience following a stint out west with Sun Media in Edmonton's Capital Region, and communications work in Melbourne, Australia and Toronto. You can follow him on Twitter at @danielealcinii.

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