Discovery to Move Headquarters From Maryland to NYC in 2019

Silver Spring Maryland

Discovery, which operates cable channels such as Discovery Channel, TLC, Animal Planet and OWN: Oprah Winfrey Network, also said it will open a national operations headquarter at Scripps Networks Interactive campus in Knoxville, Tenn., where Scripps employs more than 1,000 people, after it closes on its acquisition of Scripps Network.

Discovery Communications, one of four Fortune 500 companies located in Maryland, plans to move its global headquarters and 1,300 jobs from Silver Spring to NY, the company said Tuesday.

David Zaslav, Discovery's president and CEO, said the company "must evolve" with a media industry that is "increasingly global, more consumer-focused and more multi-platform".

"This was one of the toughest calls we have made in our company's history, and we do not take it lightly". "Select network and support functions" will remain based at Maryland network hub, with government relations remaining geographically close to the metropolitan Washington DC area, where U.S. politics are centred.

County Executive Ike Leggett told Bethesda Beat in an interview Tuesday morning that the county and state worked to try to keep the TV and media company in Silver Spring. Discovery "will maintain a Maryland Network Hub to house select network and support functions, as well as select other functions such as government relations, that are logically based in the Metropolitan DC area", it added.

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It plans to leave its current headquarters in Silver Spring, Maryland in favour of New York City in 2019, subject to the completion of the company's acquisition of Scripps.

Discovery Communications was founded in Landover, Maryland in 1985.

The new company headquarters will be in NY, according to the memo. "Unfortunately, the Silver Spring headquarters is filled with administrative and business positions".

About 1,300 Discovery employees are based in the Silver Spring area, and 1,000 are based at Scripps' Knoxville headquarters.

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