Discovery Communications, the company that operates the Discovery Channel, Animal Planet, TLC and other popular cable channels, has announced plans to relocate its global headquarters from Maryland to New York City.
The company announced Tuesday that it plans to sell its Silver Spring headquarters and move into a new building in New York in 2019.
David Zaslav, Discovery's president and chief executive officer, told employees the decision was prompted by rapid changes in the media industry. He said many of the company's advertising partners, investors, analysts and content partners are based in New York.
Maryland Gov. Larry Hogan said he has had ongoing discussions with the company but was told it didn't matter what incentives the state could offer because nothing would change the decision to move to New York.