Discovery Communications Inc.

06/14/2018 | Press release | Distributed by Public on 06/14/2018 12:00

Discovery Selects 230 Park Avenue South As New Global Headquarters

New York, NY. - Discovery (Nasdaq: DISCA, DISCB, DISCK), the global leader in real life entertainment, announced today it has selected 230 Park Avenue South in New York's Flatiron district as the location for its new global headquarters.

Discovery will consolidate several of its existing New York office locations into the new space, with a targeted move in date beginning in Fall of 2019 and continuing through mid-2020, following a renovation of the new facility.

'The New Discovery is transforming into a different kind of global media company, and where and how we work is a critical foundation for our future success and growth,' said David Zaslav, President and Chief Executive of Discovery. 'We are energized by our fantastic new home in New York - the media capital of the world - where we will write our company's next chapter. We look forward to bringing our world-class employees together in a creative and collaborative workspace in one of Manhattan's most vibrant and dynamic neighborhoods.'Features of the new Discovery Global Headquarters at 230 Park Avenue South will include:

  • A creative, collaborative environment including an open floorplan and loft-like features such as exposed ceilings and natural light
  • A ground floor studio and production space
  • A large outdoor rooftop terrace
  • A full-service Wellness Center
  • A dedicated Discovery lobby
  • Close proximity to public transportation, green spaces, and dining

Discovery was assisted in the real estate search process by commercial brokerage firm JLL.

In January 2018, Discovery announced plans to relocate its current global headquarters in Silver Spring, Maryland to New York. The company maintains a National Operations Headquarters in Knoxville, TN (former headquarters of Scripps Networks Interactive. Discovery closed on its acquisition of Scripps Networks in March 2018).

About Discovery:

Discovery, Inc. (Nasdaq: DISCA, DISCB, DISCK) is a global leader in real life entertainment, serving a passionate audience of superfans around the world with content that inspires, informs and entertains. Discovery delivers over 8,000 hours of original programming each year and has category leadership across deeply loved content genres around the world. Available in 220 countries and territories and 50 languages, Discovery is a platform innovator, reaching viewers on all screens, including TV Everywhere products such as the GO portfolio of apps and Discovery Kids Play; direct-to-consumer streaming services such as Eurosport Player and Motor Trend OnDemand; digital-first and social content from Group Nine Media and a strategic alliance with the PGA Tour to create the Global Home of Golf. Discovery's portfolio of premium brands includes Discovery Channel, HGTV, Food Network, TLC, Investigation Discovery, Travel Channel, Turbo/Velocity, Animal Planet, and Science Channel, as well as OWN: Oprah Winfrey Network in the U.S., Discovery Kids in Latin America, and Eurosport, the leading provider of locally relevant, premium sports and Home of the Olympic Games across Europe. For more information, please visit www.corporate.discovery.com and follow @DiscoveryIncTV across social platforms.