AMC Networks Names Gregg Seibert Vice Chairman
Signaling possible deals, the company says he will provide "strategic and financial advice on corporate strategy and business initiatives."
AMC Networks said Friday that it has named Gregg Seibert to the newly created role of vice chairman.
In this role, he will work with the company's senior management team "to provide strategic and financial advice on corporate strategy and business initiatives," the cable networks company said in a sign that it could consider possible deals.
The company is controlled by the Dolan family that also controls cable operator Cablevision Systems and the Madison Square Garden Co., where Seibert was also named vice chairman on Friday.
Seibert, who will continue in his role as vice chairman of Cablevision, has also been named vice chairman of the Madison Square Garden Co. The former Merrill Lynch corporate finance and global media head played an instrumental role in Cablevision's spinoffs of MSG and AMC Networks.
"Gregg is an expert strategist with a keen understanding of the media industry, making him a valuable resource for AMC Networks senior management," said AMC Networks CEO Josh Sapan. "Gregg has more than 25 years of experience executing complex strategic and financial transactions, and we look forward to benefiting from his insights on strategic matters as we continue to focus on building shareholder value."
Seibert added: "AMC Networks is a cutting-edge company with a rich, 30-year history of providing quality programming and film content. I'm honored to have the opportunity to collaborate with Josh and his talented management team, which has shown an ability to do innovative deals such as the recently announced joint venture with BBC Worldwide for the BBC America cable channel. I'm confident that together we can further advance AMC Networks' strategy and drive long-term growth."