Christina Spade, who joined AMC Networks last January as chief financial officer, is gaining the additional title of chief operating officer.
05.11.2021 - 14:43 / deadline.com
In the midst of a major management change, AMC Networks reported third-quarter results well ahead of Wall Street expectations.
The cable programmer and niche streaming operator said it earned $2.68 per share on an adjusted basis, double the performance of a year ago and more than twice the Street estimate of $1.22. Revenue climbed 24% to $810.8 million, far better than the forecast for $706.1 million.
Content licensing was a major plus in the quarter, with revenue jumping 60%, which the company
Christina Spade, who joined AMC Networks last January as chief financial officer, is gaining the additional title of chief operating officer.
is replacing Ed Carroll, who is leaving the company after 34 years.The promotion is a pretty impressive vote of confidence considering Spade, the former ViacomCBS chief financial officer, just joined AMC Networks in January.
Brian Steinberg Senior TV EditorChristina Spade was named chief operating officer of AMC Networks as the company continues to fine-tune its executive suite after longtime chief Josh Sapan stepped back from his role in August.Spade, formerly the chief financial officer of ViacomCBS, was named CFO for AMC Networks at the start of 2021, and she will retain her current CFO duties. She held CFO roles for both Showtime and CBS Corp. before it was re-merged with Viacom.
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Brian Steinberg Senior TV EditorAMC Networks said an surge in the production of new programming helped boost its operations in the third quarter, resulting in a boost to profit as the company works to place its content in an array of new venues to court the rise of consumers interesting in streaming.The New York owner of the AMC, IFC and SundanceTV cable networks and distributor of the “Walking Dead” series, said net income rose to $110.6 million, or $2.60 a share, compared with $61.6 million,
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