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AMC Networks Inc. said Tuesday that Chief Executive Christina Spade has stepped down, after less than three months in the role. The company did not provide any other details. The entertainment and streaming services company said its board of directors is finalizing who it will name as a replacement. Spade joined the company as chief financial officer in January 2021, was promoted to a dual role of CFO and chief operating officer in November 2021 and then became CEO, effective Sept. 9. The stock, which was inactive in premarket trading, has tumbled 22.9% since Sept. 9, while the S&P 500 has slipped 2.5%.

-Tomi Kilgore

(END) Dow Jones Newswires

November 29, 2022 07:14 ET (12:14 GMT)

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