Why AMC Networks’ Post-Josh Sapan Future May Mean Acquisition | Analysis

·1-min read
Why AMC Networks’ Post-Josh Sapan Future May Mean Acquisition | Analysis

AMC Networks is comprised of a bundle of cable channels, just as many streaming services, and a few options for the future. The publicly traded company is about to be down one permanent president and CEO, however, as Josh Sapan transitions to executive vice chairman. So what will come of AMC Networks under interim CEO Matthew Blank — and beyond? The smart money seems to be on acquisition. In the era of consolidation, a relatively small company (market cap: $2 billion) with an international presence, some intellectual property and a not-insignificant cable and streaming footprint seems ripe for the picking. Then again, analysts have been saying that about AMC Networks for years. Sapan, who is now 70 (Blank is 71), has been president and chief executive officer of AMC Networks for 26 years. When he joined back in 1995, AMC Networks was still known as Rainbow Media, a subsidiary of Cablevision. These days, AMC Networks consists of AMC, BBC America, IFC, SundanceTV, WE tv and IFC Films, as well as streaming offerings AMC+, Acorn TV, Shudder, Sundance Now and ALLBLK. Credit Sapan for much of that expansion. When Sapan joined the company, AMC was American Movie Classics. They went with...

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