Published: Thu, January 11, 2018
Global | By Shelia Dennis

Discovery Channel Tells Employees It Is Moving Headquarters to NYC

Discovery Channel Tells Employees It Is Moving Headquarters to NYC

"The media industry is rapidly evolving, increasingly global, more consumers focused and more multi-platform and Discovery must evolve with it", David Zaslav added.

Discovery had an all-employee meeting scheduled for Tuesday morning to discuss the changes.

Discovery Communications made a big announcement - saying it will be moving its National Operations Headquarters to Knoxville once it finalizes its $14.6 billion purchase of Scripps Networks.

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Discovery Communications, which helped lead the revitalization of downtown Silver Spring, Maryland, is leaving Montgomery County, selling its headquarters and moving to NY, according to a memo Discovery President and Chief Executive David Zaslav sent to staff.

The CEO said plans call for the ultimate closure and sale of One Discovery Place headquarters in Silver Spring in 2019.

The company said it is in the planning stages of finding space and a location in NY, where it said it would be close to business, investment and production partners. It moved its headquarters to Bethesda in 1991 and then to its current home in Silver Springs twelve years later. The deal was announced in July 2017 and is expected to close in mid-2018. Discovery opened its headquarters in Montgomery County in 2003.

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Discovery said the compelling environment and infrastructure Knoxville, along with the city's low cost of living and amenities were part of the reason it chose to move into the Scripps Knoxville campus.

Discovery's TV channels include Animal Planet, TLC, Investigation Discovery and OWN.

Pending the closing of its Scripps acquisition, Zaslav told employees Discovery plans to create a national operations headquarters in Knoxville, and a technology hub at its Sterling, Virginia facility.

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Discovery said it collaborated with state and local government authorities in both Tennessee throughout the decision-making process. It will also continue to have hubs in L.A., NYC, London, Warsaw, Milan and other cities.

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