AMC Networks Inc Class A

AMCX: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$98.00	Stxpv	Xdjlgbxz

CEO Spade Steps Down at AMC in Surprise Move; Dolan Re-emergence Could Hinder Finding a Replacement

Neil Macker

Nov 30, 2022

In a surprise announcement, AMC Networks CEO Christina Spade stepped down and the board is searching for a replacement. Chairman James Dolan also sent a memo to employees, warning that the firm could lay off up to 20% of employees in the very near future. While the press release did not specify a reason for Spade’s departure, we assume that her exit and the imminent layoffs were connected.

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