'The AMC Networks board of directors is currently finalizing who it will name as a replacement.'
A regulatory filing later on Tuesday morning added some color. “On November 28, 2022, Christina Spade stepped down from her role as chief executive officer of AMC Networks,” it said. “As a result, Ms. Spade will receive the severance benefits payable in accordance with the terms of her employment agreement, dated August 4, 2022, on a termination without ’cause’ or resignation for ‘good reason’ basis.
Media and entertainment industry veteran Spade previously held senior roles at ViacomCBS , CBS Corp. and Showtime. AMC Networks had unveiled her in August as the successor for interim CEO Matt Blank who had replaced long-time boss Josh Sapan. “I’m a fan of this company in every respect, its content, brands, and most importantly, its people and dynamic and inclusive culture,” Spade had said in August.
Patrick O’Connell, previously a senior executive at CBS Corp. and Goldman Sachs, at the time was named the company’s executive vp and CFO, reporting to Spade. “Patrick is a highly accomplished executive focused on delivering strong financial performance with a deep understanding of today’s media landscape opportunities,” Spade said at the time. “I know he’ll be instrumental in driving the business forward with his strong finance track record, entrepreneurial drive and collaborative approach.
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