Shapiro, who serves as editor emeritus, shared the news in a tweet on Tuesday.
“Weve been asked over and over and over again when we would leave California. The answer: now. See you in Nashville, gang!” Shapiro wrote.
The company is currently headquartered in Sherman Oaks, a neighborhood in the San Fernando Valley region of Los Angeles.
Shapiro noted “terrible governance” as a factor driving the decision, while suggesting more widespread dissatisfaction with the political environment among other business leaders.
“Ive lived my entire life in California. Within weeks, well be taking our 75 jobs and leaving. Were not the first. And we certainly wont be the last. Terrible governance has consequences,” he wrote in a separate tweet.
Boreing, who is co-CEO, told Deadline in an interview that that the decision to relocate operations to Nashville was fueled by deteriorating quality of life in Los Angeles, including costly housing and homelessness.
According to a June report from the Los Angeles Homeless Services Authority, which measured the state of homelessness in January 2020, the number of homeless in the city of Los Angeles grew by 16.1 percent from last years point-in-time count. Los Angeles Police Department crime statistics (pdf) show that, while city-wide property crimes have fallen by 9.5 percent in the year-to-date period compared to the same period in 2019, the number of murders has spRead More – Source