It plans to leave its current HQ in Silver Spring, Maryland in favour of New York City in 2019, subject to the completion of the company’s acquisition of Scripps.
Discovery will also establish a National Operations Headquarters at Scripps’ current campus in Knoxville, Tennessee, while maintaining its Maryland Network Hub and Northern Virginia Technology Hub.
“The media industry is rapidly evolving, increasingly global, more consumer focused and more multi-platform and Discovery must evolve with it,” said David Zaslav, Discovery’s President and CEO. “The decision to move our global headquarters from its founding home is one we do not make lightly. We remain unwavering in our support of the Maryland and Greater Washington, DC area and we thank the leadership of the State of Maryland, Montgomery County and, most importantly, our employees for their cooperation and understanding as we make this important next step for the long-term success of Discovery.”
Discovery will bring together all current Discovery employees with those from Scripps, who are currently seated in a variety of places around New York.