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AMC Networks’ CEO is out.
On Tuesday, AMC Networks announced that CEO Christina Spade is stepping down from her role. However, the company has yet to announce a replacement.
In a memo sent to employees, AMC Networks chairman James Dolan also indicated cutbacks and a “large-scale layoff” were on the way.
Between the lines
Spade, who previously served as the company’s CFO and COO, officially took on the CEO role on Sept.