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
Meagan Kashty is an associate editor of realscreen, an international print and online magazine that covers the non-fiction film and television industries. Meagan is an award-winning business journalist. Prior to joining the realscreen team, Meagan was online editor of Canadian Grocer, named Magazine of the Year at the 2015 Canadian Business Media Awards. She can be reached at mkashty@brunico.com, and you can follow her on Twitter @MegKashty

Menu

Search