Discovery Communications will leave Maryland for NY

Discovery Communications will leave Maryland for NY

Discovery Channel has announced plans to move its global headquarters to NY.

"The county and state made every reasonable effort to ensure their long-term viability in the county", Leggett said. 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.

The announcement of the Scripps acquisition raised questions at the time about Discovery's future in Silver Spring, though it announced in September plans to invest $10 million in its Silver Spring location.

Discovery's TV channels include Animal Planet, TLC, Investigation Discovery and OWN. "But in the end, it wasn't really about the dollar amount, it's a larger change in the entertainment industry".

Discovery is one of four Mryland-based companies that made the Fortune 500 ranking previous year, along with

South Africa ranks 3rd in Africa on the 2018 Henley Passport Index
The ranking , released today, takes into account how many countries can be visited without applying for a visa . On the global ranking , Germany is followed by Singapore with visa-free access to 176 countries.

It would also maintain a small network hub in Maryland. Representatives for Discovery have not yet replied to requests for comment from Washingtonian.

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

"The media industry is rapidly evolving, increasingly global, more consumer focused and more multi-platform and Discovery must evolve with it", said Discovery's President and CEO, David Zaslav.

Discovery will not be ditching Maryland, its home of 33 years, entirely. "Discovery's decision to relocate their global headquarters to the Empire State is proof positive of that commitment, and we are proud to welcome one of the world's leading media companies to help drive jobs and growth in NY".

Discovery is scheduled to report its 2017 financial performance on February 27.

Related Articles