Discovery Communications is planning to move its headquarters out of downtown Silver Spring.
In a letter to employees obtained by Bethesda Beat, Discovery CEO David Zaslav wrote the company was making changes to its global real estate strategy.
“Chief among those changes, we have made the decision to move our global headquarters to New York City,” Zaslav wrote. “We have therefore made the difficult decision to reduce our footprint in Maryland over time, with the ultimate closure and sale of our One Discovery Place headquarters building in Silver Spring, expected in 2019.”
Zaslav’s letter says Discovery also plans to create a “National Operations Headquarters” in Knoxville, Tennessee, and a “Technology Hub” at its facility in Sterling, Virginia.
“We also plan to maintain a small Network Hub in Maryland to house select networks and roles that support them,” the letter says.
Click here to read the rest of the article written by Andrew Metcalf over at the Bethesda Beat