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The Reelz network - privately owned by a Hubbard Broadcasting subsidiary-turns io on Tuesday (Sept. 27). It launched in 2006 with access to about 30 million homes and has grown that reach to about 70 million today. Two years in, it moved to Albuquerque, N.M., from Los Angeles to save money. CEO Stan E. Hubbard, who moved there, too, from the Minneapolis area, told The Wire last week "we haven't looked back."
Reelz has to keep overhead down, he pointed out, because the only revenue coming in is from ad sales (which he said are up 600% over the past five years). "Every penny of that and more has gone on the screen," Hubbard said. "My family, we're the ones that have been funding this business. We've not turned a profit yet. But when you're a family business you can think generationally."
Hubbard Broadcasting, founded by...