More Scripps Networks jobs cut in Discovery reorganization

Discovery Inc. cut more jobs at the former Knoxville headquarters of Scripps Networks Interactive, which Discovery bought in March.

Kristin Alm, senior director of corporate communications for Discovery, confirmed the layoffs Monday but declined comment on specific numbers or positions cut.

The losses will ultimately be “headcount-neutral” for Knoxville, as Discovery continues shifting its own departments as well, she said.

“Where these were cut, other jobs in other functions will open up,” Alm said.

Discovery is closing most of its Silver Spring, Maryland headquarters and moving operations elsewhere – primarily to New York City, but Alm said some of those jobs are expected to move to Knoxville.

Scripps employed about 1,000 in the Knoxville area prior to its acquisition. In a deal announced last fall, Discovery bought Scripps in a $14.6 billion cash-and-stock deal. That includes Discovery’s assumption of Scripps’ $2.7 billion debt. The deal closed March 6.

Read more here

Leave a reply

Your email address will not be published. Required fields are marked *