Discovery to Move Headquarters From Maryland to NYC in 2019

Reports Discovery Is Leaving Silver Spring

"Featuring a compelling environment and infrastructure, Knoxville is a self-contained campus with many amenities and benefits for a National Operations Headquarters, including low cost of living, built-in facilities, and operational capabilities", wrote Zaslav.

Discovery Communications will relocate its headquarters from Silver Springs, Maryland to New York City in 2019. "The decision to move our global headquarters from its founding home is one we do not make lightly".

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

The company said its media facility in Sterling, Virginia will become a global technology center in the near future, and it plans to develop its "technology footprint" into Knoxville as well.

Discovery had an all-employee meeting scheduled for Tuesday morning to discuss the changes. "We remain unwavering in our support of the Maryland and Greater Washington, D.C., area".

"We also plan to maintain a small Network Hub in Maryland to house select networks and roles that support them", the letter says.

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'Discovery was founded in Landover, Maryland back in 1985.

The company says the move will be to take advantage of the proximity to business, investment and production partners in NY.

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

Discovery said it collaborated with state and local government authorities in both Tennessee throughout the decision-making process.

Discovery communication operates the cable network like TLC, Animal Planet, Investigation Discovery, Science, Discovery Channel, and other spin-off brands, set up shop in Silver Spring 14 years ago.

Discovery opened its headquarters off Georgia Avenue at Colesville Road in 2003, sparking economic development in downtown Silver Spring.

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