ReelzChannel Relocating to New Mexico

ALBUQUERQUE, January 9:
The corporate headquarters of ReelzChannel, Hubbard Broadcasting's cable and
satellite network about movies, will be relocated to Albuquerque, New Mexico,
early this year.

The New Mexico Film Office
teamed up with the local Hubbard-owned KOB-TV and the New Mexico Partnership to
present ReelzChannel with the new opportunity, supported by New Mexico governor
Bill Richardson.

With the new move, the
programming, production, web development, creative services, marketing and
communications divisions all will be housed and operated out of one location
for the first time. Advertising sales will remain in New York City, Chicago and
Los Angeles, and a Los Angeles bureau will be established for coverage of major
entertainment and movie stories and events.

"We are excited to
welcome ReelzChannel to New Mexico and into our state's thriving television and
film industry," said Richardson. "The network's decision to relocate
operations to New Mexico is a testament to the hard work we've put into making
our state a world-class production destination. We look forward to growing that
reputation through this new partnership."

"ReelzChannel has
been bringing 'TV About Movies' to a growing number of American households, now
more than 43 million, with great success, and with this move we are now solidly
positioned for our next wave of growth, and for the next level of great
programming for our viewers," added Stan Hubbard, the chairman and CEO of
ReelzChannel. "New Mexico is the ideal home for the channel devoted to
everything about movies—given the State's bustling movie growth, its
highly skilled and creative talent pool, and the opportunities to streamline
operations in ways that allow ReelzChannel to build on its commitment to movie
fans, movie makers and movie distributors everywhere."

—By Kristin
Brzoznowski