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AMC Networks chief Josh Sapan steps down, Matt Blank named interim CEO

AMC Networks chief Josh Sapan is stepping down from his post and transitioning to executive vice chairman. Matt Blank — former CEO of Showtime Networks — will take over the role ...
August 24, 2021

AMC Networks chief Josh Sapan is stepping down from his post and transitioning to executive vice chairman.

Matt Blank — former CEO of Showtime Networks — will take over the role in the interim while the company searches for a replacement for Sapan, who served as president and CEO for 26 years.

Sapan (pictured) became president and CEO of AMC Networks in 1995, when the company was known as Rainbow Media and was a subsidiary of Cablevision Systems Corporation. Since then, the executive grew AMC Networks’ content offering and portfolio of brands with AMC, BBC America, IFC, SundanceTV, WE tv and IFC Films.

As executive vice chairman, Sapan will continue to assist AMC Networks’ corporate and creative direction, and work closely with the company’s leadership as it looks to grow its streaming business, which currently includes AMC+, Acorn TV, Shudder, Sundance Now and ALLBLK.

Blank — currently director of Cumulus Media and CuriosityStream — joins the company after more than 40 years of leadership positions in the industry, including 20 years as chairman and chief of Showtime Networks, where he also served as president and chief operating officer.

At Showtime, he played a key role in helping the company expand beyond the traditional pay TV model with the launch of Showtime’s standalone streaming service.

Blank also spent more than a decade at HBO, departing as senior vice president of consumer marketing.

“This has been the greatest career I could have ever imagined, and I am enormously proud of all that we have accomplished. I am deeply grateful to Charles and Jim Dolan for allowing me this spectacular opportunity,” Sapan said in a statement. “There has perhaps been no more exciting time for the company than right now and, as executive vice chairman, I look forward to continuing to work with the outstanding team at AMC Networks, as well as Matt, my great colleague and friend, to focus on how we maximize our unique content to accelerate our streaming goals.”

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