She will receive a base salary of at least $2 million, AMC Networks said.
, rose more than 3% in extended trading.
Kristin Dolan has previously worked at cable television company Cablevision Systems and served as the top boss of data and audience analytics firm 605, which she founded in 2016. that streaming-device maker Roku in partnership with a private-equity firm had made an approach 18 months ago. AMC Networks’ previous CEO had left less than three months after taking over the role, and the announcement on her departure had coincided with the company saying it would cut about 20% of its US workforce.
Cord cutting and a gloomy advertising market have weighed on AMC Networks’ business, but its streaming unit has emerged as a bright spot. Revenue in the division surged 41% in the last reported quarter, even as the overall revenue slumped 16%.
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