AMC Networks is merging its distribution and affiliate operations with advertising sales, promoting Kim Kelleher to a new position as Chief Commercial Officer.
Josh Reeder, who joined AMC Networks in 2011 and has served as president of distribution and development since 2019, is leaving the company. Previously, he briefed top executives on his plan to launch a new venture he launched in the field of content creation and blockchain. Reader plans to stay with AMC Networks until early 2023.
In his expanded role, Kelleher will report to Christina Spade, who recently became the company’s CEO after serving as its chief financial officer. As part of the reorganization, three additional senior executives will now report to Kelleher: Roy Cho, who has been promoted to executive vice president of distribution; Mike Pierce, Executive Vice President of Content Distribution and Sales; and Amy Liska, Senior Vice President, Partner Management. Barbara Calosie, who continues to serve as senior vice president of distribution, will report to Cho.
AMC Networks, the parent of cable networks like AMC and IFC and streaming services like Shudder and Acorn TV, predicts streaming will make up the majority of its revenue by 2025. The dual stream of pay-TV revenue continues to throw off significant cash, but it is in constant decline as the cord-cutting accelerates. In 2020, the company cut about 10% of its workforce in anticipation of this transition, and in 2021, longtime CEO Josh Sapan and COO Ed Carroll left the company.
“A tight-knit, forward-thinking commercial revenue team that is responsible for all of our valuable partnerships across advertisers, affiliates and new digital platforms is of great strategic importance and Kim is the perfect leader to lead,” Spade said. “She brings her unique talent, ingenuity and dynamic leadership to our commercial revenue group. We are thrilled to use her abilities in an even more challenging role to drive the growth of the company. Josh Reeder is a valued colleague of ours who has made a significant contribution to our success and positioned us well for the future. We are grateful for his leadership and wish him great success in his new venture.”
Kelleher joined the company in 2019 as president of commercial revenue and partnerships after previously holding senior positions at Condé Nast, SAY Media and Time. In addition to advertising, AMC Networks’ remit also includes digital operations, integrated marketing and franchise development (including games, licensing and merchandising), publishing and e-commerce.
“I am excited to take on additional management responsibilities that help run our business and move into a role that spans our entire portfolio of premium distribution offerings and commercial relationships,” said Kelleher. “This fully integrated team will bring together and leverage all of AMC Networks’ assets – our high-quality original programming, our loyal audience, and our strong subscriber services and brands – for our mutual benefit and value creation.”