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Old Posted Jan 17, 2018, 1:50 AM
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Scripps, Discovery zero in on new HQ
Companies shortlist 441 Ninth Avenue and 1250 Broadway ahead of $15B merger

By Rich Bockmann
January 16, 2018

Scripps Networks Interactive has shortlisted a pair of buildings for a new Manhattan headquarters that could be as large as 400,000 square feet, sources told The Real Deal. The negotiations come as Scripps gets ready to consolidate its footprint amid a proposed $15 billion merger with Discovery Communications.

Cove Property Group’s 441 Ninth Avenue on the Far West Side and Global Holdings’ 1250 Broadway at the edge of Koreatown are on the shortlist, sources told TRD.

Scripps, which owns television brands such as Food Network and HGTV, is headquartered in Knoxville, Tennessee, and Discovery has its corporate offices in Silver Spring, Maryland. But the two have several locations spread throughout Manhattan, and are looking to consolidate as they prepare to finalize the $14.6 billion merger announced in July.
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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.