AMC Networks has reached a new multi-year employment contract with its top executive Kristin Dolan, according to documents filed with financial regulators on Friday.
Under the new agreement, Dolan will remain the CEO of AMC Networks through December 31, 2028. Her base salary, currently $2 million per year, will rise to $2.1 million in March 2026, and she will receive an additional $150,000 signing bonus and $3 million Special Cash Performance Award, the latter of which is tied to certain stock price goals.
The new employment contract includes a severance payment of at least twice her combined base salary and target bonus if she is terminated without cause or leaves the company for a good reason, the regulatory filings said. The contract also includes a one-year non-competition clause following any early termination.
“Kristin has done a remarkable job leading AMC Networks through this period of change and has the operational background that makes her ideally suited to this role,” James Dolan, the Chairman of AMC Networks, said in a statement. “Her focus on partnerships, profitability and technology has established a clear path forward. We look forward to her continued strategic leadership and management of our company’s strong content and brands.”
AMC Networks said the full employment agreement and related award documents will be filed as exhibits with its quarterly report for the period ending September 30, 2025. The company is expected to release its third quarter (Q3) earnings report between mid-October and early November.
Dolan was appointed CEO of AMC Networks in 2023. Since then, she has prioritized an evolution of AMC Networks’ business into one where its traditional cable networks are maintained as a key part of its portfolio while the company focuses on building out its direct-to-consumer streaming operations and content licensing units.
AMC operates a number of streaming services, including AMC Plus, and is an investor-owner of cable-like service Philo. It also programs more than a dozen free, ad-supported streaming TV (FAST) channels that repurpose its popular dramas and comedies like “The Walking Dead,” “Portlandia” and “Dark Winds.”
On cable, in addition to the flagship AMC channel, the company operates BBC America, IFC, We TV and Sundance. In the United States, it is the domestic distribution partner of BBC News, which launched on free streaming platforms last year.
In August, AMC Networks reported $600 million in overall revenue during its second financial quarter (Q2) of the year, down 4 percent compared to the same time period last year. Net income came in at $50.3 million, or $0.91 per diluted share, compared with a loss of $29.2 million, or $0.66 per share, in the prior-year period. Adjusted earnings per share fell 44 percent to $0.69.
Operating income surged to $64 million from $10.8 million last year, but adjusted operating income dropped 28 percent to $109 million, reflecting linear revenue pressures partially offset by streaming and content licensing gains. Adjusted operating margin stood at 18 percent.
Free cash flow totaled $96 million in the quarter, with management now expecting about $250 million for the full year, up from prior guidance.
—
Read more:
