Discovery Inc. is busy fully absorbing Scripps Networks’ roster of channels and, going forward, will be splitting the networks’ ad sales teams into three groups.
According to Media Post, Discovery’s Inc. 12 biggest networks will be split into three groups of four. HGTV, ID, Animal Planet, DIY Network will be led by Greg Regis, executive vice president of national ad sales. Food Network, TLC, OWN and Cooking Channel will be headed by Karen Grinthal, executive vice president of national advertising sales. And Discovery Channel, Travel Channel, Science and Motor Trend Network and will be run by Scott Kohn, executive vice president of national advertising sales.
With the restructuring at Discovery Inc. comes some layoffs. The company reportedly laid off some staff at Scripps Networks Interactive campus in Knoxville last week.
The restructuring comes shortly after Discovery announced it will consolidate its several existing New York offices and begin moving into 230 Park Avenue South in fall 2019, with the transition continuing through mid-2020.
“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 CEO of Discovery, in a statement. “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.”
Discovery is also planning a $16 million investment to expand its global technology and operations hub in Loudoun County, Virginia.
According to Loudoun Now, the facility upgrade is expected to create 240 jobs.