Reelz shifts HQ to New Mexico
EmptyMovie-focused digital cable outlet ReelzChannel is pulling the bulk of its operations out of Los Angeles and Minneapolis and moving to Albuquerque, N.M.
It is uncertain how many of the 2-year-old channel's roughly 200 full- and part-time employees will make the move, though most if not all will get the opportunity to apply for about 100 jobs at the new facility. An affiliate-relations unit will remain in Minneapolis for now.
Three top executives — president and COO Gary Thorne, executive vp and GM Terry O'Reilly and executive vp finance and administration Bernie Weiss — already have said they won't move. Other executives have committed, including chairman and CEO Stan Hubbard, who will oversee all aspects of the operation.
ReelzChannel, like Ovation TV, is owned by Minneapolis-based Hubbard Broadcasting. The move is scheduled to be completed early this year.
ReelzChannel, which reaches about 43 million U.S. households, hopes to save as much as $20 million a year with the move. (partialdiff)