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
Selina Chignall joins the realscreen team as a staff writer. Prior to working with rs, she covered lobbying activity at Hill Times Publishing. She also spent a year covering the Hill as a journalist with iPolitics. Her beat focused on youth, education, democratic reform, innovation and infrastructure. She holds a Master of Arts in Journalism from Western University and a Honours Bachelor of Arts from the University of Toronto.

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