Cool. I hope they send over lots of their British employees.

(link...)

Maybe Bill Lyons could comment on the implications for Knoxville taxpayers who have subsidized the downtown Riviera and the Regal headquarters building on the old Baptist site.

They had an obligation to generate x number of jobs in exchange for the millions the City has poured into their new home on the river.

Scripps is losing many, many good paying jobs in Knoxville in connection with their acquisition by Discovery Network, many repetitive functions are being eliminated or absorbed by the departments in the headquarters in Maryland.

The Ruby Tuesday acquisition has essentially gutted their operations in Maryville, the headquarters building has been sold and is currently utilized by other businesses not Ruby Tuesday.

To think there will be no loss of jobs at Regal is perhaps as short sighted as the decision to pour millions into the project on the river. The Regal deal, in classic City of Knoxville style, was all form over substance, how it will look rather than how it really is, and nothing should be expected to change, except the loss of jobs on the river, in connection with their acquisition by Cineworld.