Wednesday, March 12, 2008

SPEED Channel About To Expand Facility

This story is from the Charlotte Business Journal. The full story can be read by clicking on this link.

Speed Channel Inc. will expand its Charlotte headquarters, creating 34 jobs and investing $37.8 million over the next three years.

The motorsports and multimedia company employs 73 workers in Charlotte.

Wages for the additional 34 jobs will vary by job function, but the average pay is expected to be $61,765 per year, not including benefits. The average annual salary in Mecklenburg County is $48,724.

Speed Channel, a wholly owned subsidiary of News Corp. and Fox Networks Group, produces and broadcasts automotive and motorsport-related programs primarily on cable and satellite networks. Speed Channel recently launched a high-definition version of its network and is also active across broadband, mobile and other emerging media.

According to the office of N.C. Gov. Mike Easley, the expansion was made possible in part by a $34,000 grant from the One North Carolina Fund, a program that encourages business expansions and relocations to the state.

"The motorsports industry is one of the fastest-growing and highest-paying in our state, with an economic impact of about $6 billion a year," Easley says. "We welcome this expansion, which will strengthen our reputation as a motorsports powerhouse."

Speed Channel, formerly known as Speedvision, moved to Charlotte from Connecticut in 2001. Since then, the network has taken on a much more pronounced NASCAR flavor.

This story is just out today, when we get some additional information about what this expansion means for NASCAR fans, we will pass it along.


Anonymous said...

Good--now maybe, when they're not running NASCAR-related programming, we'll get more than "Pinks" episodes back-to-back-to-back.

Anonymous said...

Hey, I saw right!

Unfortunately, they didn't choose to do good new NASCAR programming, however.

Anonymous said...

Good Afternoon Mr Daly.

I don't know what this means. But I do wish it means no more PINKS back to back. I do agree w/the first post.

Kingston, NY

Maybe I should be careful for what I wish for.

Richard in N.C. said...

JD- Do you think this might encourage ESPN to have more of a presence in Charlotte?

It appears the word verification is almost as long as my question - AH computers.

Newracefan said...

Not sure what this will mean for us Nascar folks especially based on their idea for a new show is Reality TV Tow Trucks. Oh my

Anonymous said...

Monday nite NASCAR is the worst I'v watched for years and now I'm done sick & now show is terrible. He (m w)should take his bro & Larry M back to where they came. Yeller flag I have to go!

haus20 said...

All I want is for TWIN to be in HD...hopefully this means a new HD studio.