CBS Broadcast Center in New York Up For Sale From Paramount

Paramount is exploring a sale of the CBS Broadcast Center in New York City.

The complex on West 57th street, which spans an entire city block, serves as the headquarters for CBS News, and its studios produce shows like HBO’s Last Week Tonight, various syndicated TV shows, a number of CBS News and CBS Sports programs and other fare.

CBS chief George Cheeks confirmed that the company is exploring a sale in a memo to staff. The New York Post first reported that the Broadcast Center might be going on the market.

“It is true that the company has retained a real estate consultant to evaluate selling the BC and to identify a new home for our teams there,” Cheeks wrote, adding that “we see this as an opportunity to invest in and reimagine a new facility that will support teams that are central to our success today and in the future.”

The CBS Broadcast Center is one of the last major pieces of CBS real estate still owned by Paramount. The company previously sold its Black Rock corporate headquarters, as well as Television City in Los Angeles.

(Excerpt) Read more in: The Hollywood Reporter

CBS Broadcast Center in New York Up For Sale From Paramount

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