Published: Thu, January 11, 2018
World | By Melba Underwood

Discovery Communications moving national headquarters to Knoxville

Discovery Communications moving national headquarters to Knoxville

Montgomery County Council President Hans Riemer said Tuesday morning that the TV company is notifying employees about the plans.

The New York move is contingent upon the closing of the company's $14.6B acquisition of Scripps Networks Interactive, which still hasn't gotten regulators' OK.

Discovery Communications, which was founded in 1985 in Landover, Md., and has called nearby Silver Spring home since 2003, will relocate its global headquarters to New York City in 2019.

The company will bring together all current Discovery and, pending closing of the transaction, Scripps employees now located across several different facilities in NY in the new global headquarters. The memo said that it's early to understand the timing and how departments will be impacted, but that the company wanted to provide more time for planning as well as transparency.

It's anticipated that Discovery will leave its One Discovery Place headquarters building in Silver Spring in 2019.

More news: Vivo Showcases Its First In-Display Fingerprint Scanner-Toting Smartphone

Zaslav said an announcement on timing would be available after the Scripps deal closes and the integration begins.

Leggett says that the county "has been in discussions with Discovery in the past months since the merger in an effort to respond to the challenges faced by an independent television, entertainment, and education channel in a radically-changing industry".

As part of that analysis, Zaslav wrote the company determined the "most efficient locations" for its business "to thrive now, and into the future".

Discovery said it collaborated with state and local government authorities in both Tennessee throughout the decision-making process. The company said the current Scripps Knoxville campus will soon house the company's newly established National Operations Headquarters alongside the major Scripps brands, digital teams and corporate functions now working there. It will also continue to have hubs in L.A., NYC, London, Warsaw, Milan and other cities.

This story will be updated.

Like this: