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Discovery discovers NYC

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County to lose more than 1300 jobs in media relocation

Discovery Communications BuildingDiscovery Communications, a longtime Montgomery County-based corporation which currently employs 1,300 workers, announced Tuesday it will move its corporate headquarters from Silver Spring to New York after months of negotiations with County officials failed.

Discovery Communications President and CEO David Zaslav announced Tuesday the company will likely move from its headquarters located in downtown Silver Spring to New York sometime in the second half of 2019.

“The media industry is rapidly evolving, increasingly global, more consumer focused and more multi-platform and Discovery must evolve with it,” Zaslav said in a statement. “The decision to move our global headquarters from its founding home is one we do not make lightly. We remain unwavering in our support of the Maryland and Greater Washington, DC 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.”

County Executive Isaiah “Ike” Leggett said Discovery’s departure will be a big blow to the County, with 1,300 jobs now being moved to New York.

“When you lose that number of jobs and that number of employees and the salaries, that is not easily replaceable,” Leggett told the Sentinel.

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Business Incentives at Work: Fox Comes to County, Discovery Consolidates

Fox Broadcasting Company affiliates WTTG and WDCA will move from Northwest D.C. to Bethesda in 2021, bringing more than 200 employees to the County.

Discovery Communications will consolidate 230 technical and creative people, now working on Kennett Street in downtown Silver Spring, to its headquarters on Georgia Avenue in 2018.

Economic development incentives from Montgomery County and the State of Maryland are fostering both moves. The incentives include grants from the County, loans from the State, and tax breaks from both.

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