In a surprising move, AMC Networks Chief Executive Officer Christina Spade has stepped down after only three months in the role.<\/p>\n

It wasn’t immediately clear what led to the abrupt exit. In a short statement, the AMC Networks Board of Directors said it is currently finalizing who it will name as a replacement.<\/p>\n

AMC Networks Chairman James Dolan said: “We thank Christina for her contributions to the company in her CEO role and her earlier CFO role, and we wish her well in her future endeavors.”<\/p>\n

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Industry vet Spade previously held senior roles at ViacomCBS, CBS Corp. and Showtime. In August it was announced that she would replace interim CEO Matt Blank who had replaced long-time chief Josh Sapan.<\/p>\n

“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.<\/p>\n

Spade ascended to the CEO role after joining the company in 2021 as Chief Financial Officer. She had previously been CFO at CBS and Showtime.<\/p>\n

The shuffle at the top of AMC continues a period of transition for the company, which was formerly known as Rainbow Media before a spinoff from Cablevision more than a decade ago.<\/p>\n

Like its peers in the cable programming business, AMC Networks faces intense challenges from accelerating rates of cord-cutting. The company has signaled a plan to derive most of its revenue from streaming by 2025, but results across the media business suggest that streaming is not as profitable as the dual-revenue stream of traditional pay-TV.<\/p>\n

Dade Hayes contributed to this report.<\/em><\/p>\n

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