The Scottsdale-based publisher of monthly fashion and entertainment magazines in nine major U.S. markets is moving its headquarters to Los Angeles, supposedly to be closer to a larger pool of creative talent, according to the company’s chief executive.
944 Media LLC hopes to complete their move by the end of April.
Chief executive Marc Lotenberg said many staff members will be offered a chance to relocate to Los Angeles, while others will be laid off. He said the company employs about 100 people, but wouldn’t say how many could be affected by the pending move.
Lotenberg founded 944 magazine in 2001 after graduating from Arizona State University with a business degree in supply chain management.
Lotenberg opened similar publications in Las Vegas, San Diego, Miami, Los Angeles, Houston, Orange County and San Francisco.
Last year, 944 Media acquired Six Degrees magazines in Las Vegas, Miami, Detroit and Atlanta. Six Degrees publications in Las Vegas and Miami were merged with 944 publications in those cities and the company launched new 944 magazines in Detroit and Atlanta, Lotenberg said.
The company also publishes an annual commemorative sports lifestyle magazine called Game.