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
Senior staff writer Frederick Blichert comes to realscreen with a background as a journalist and freelance film critic. He has previously written for VICE, Paste Magazine, Senses of Cinema, Xtra, Canadian Cinematographer and elsewhere. He holds a Master of Arts in film studies from Carleton University and a Master of Journalism from the University of British Columbia.

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