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. "We remain unwavering in our support of the Maryland and Greater Washington, D.C. 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". A Maryland Network Hub is planned to house select functions, such as government relations and Discovery Education.
Following the close of its acquisition of Scripps Networks Interactive, expected to take place early this year, Discovery plans to create a National Operations Headquarters at Scripps' current Knoxville, TN, campus.
Isiah Leggett, county executive of Montgomery County, where Silver Spring resides, told Observer that the county had made a "substantial" offer to Discovery in a attempt to keep it from moving operations to Knoxville.
Huge murals advertising Shark Week were installed on the building for years.
Discovery said at the time the decision to renovate in Silver Spring had nothing to do with the merger and a headquarters decision had not been made. Where so many wonderful ideas, stories and innovations were first imagined.More news: Xmas shoppers spend £1bn more than previous year
That's actually where most of the Silver Spring staff will be transferring. Upon completion, Discovery will build a operation headquarters at Scripps' current campus in Knoxville, Tennessee.
"The offer was probably the largest in the county's history", he said.
Discovery also will maintain its media distribution facility in Sterling, VA, making it a global technology center.
Discovery plays a critical role in the local economy in Maryland.
Discovery received $10 million to move its headquarters from Bethesda to Silver Spring, where it helped spark redevelopment.