AMC Networks CEO Josh Sapan Pay Drops 40% In 2020 To $11.8 Million

AMC Networks

Josh Sapan, CEO of AMC Networks, saw his total compensation last year dip to $11.8 million from $20.2 million the year before.

The pay included a base salary of $2 million, unchanged, a stock grant of $5.5 million — down from $13.3 million the year before — and $4.2 million in non-equity incentive pay (like a cash bonus).

Chairman emeritus Charles Dolan, whose family controls the company, dipped to $1.8 million from $2.7 million. Chief operating officer Ed Carroll earned $6.9 million, down from $8.4 million.

The pay was laid out in the company’s annual proxy filing with the SEC that lists compensation for its top five highest paid executives.

AMC Networks’ revenue and net income both fell in 2020, in part due to the impact of Covid that hit licensing sales and advertising. The stock had a bad year and only began to rally in December. The company behind The Walking Dead and Better Call Saul noted solid streaming growth, ending the year with six million subscribers across our AMC+, Acorn TV, Shudder, Sundance Now and ALLBLK and launching a new AMC+ bundled streaming offering.

It renewed eight major carriage arrangements including three of the top five MVPD and said it continued expand advanced advertising efforts to take advantage of technologies that allow for greater audience targeting.

AMC also named its first Chief Diversity, Equity and Inclusion Officer reporting to the CEO.

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