CBS Broadcast Center in New York City.
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Paramount is exploring the sale of CBS Broadcast Center in New York City.
The complex on West 57th Street, which covers an entire section of the city, serves as the headquarters for CBS News, and its studios produce shows for the likes of HBO. Last week tonighta variety of television programs, several CBS News and CBS Sports programs and other fare.
CBS CEO George Cheeks confirmed the company is investigating the sale of memos to employees. The New York Post First reported that the broadcast center might be on the market.
“It is true that the company has hired a real estate consultant to evaluate the sale of BC and identify a new home for our team,” Chex wrote. It supports teams critical to our success today and into the future.
The CBS Broadcast Center is one of the 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.
Read her cheeky note below.
Team – You may have seen media reports about the sale of the CBS Broadcast Center in Manhattan. It is true that the company has hired a real estate consultant to evaluate selling BC and identify new homes for our teams there.
We are in the early stages of this process. For any potential sale, design and construction of a new facility, and eventual action, it is very difficult to predict. If a transaction occurs, it may take some time before any significant changes are made to our current operations.
We see it as an opportunity to reimagine and invest in a new facility that supports the teams that are central to our success today and into the future.
I will keep you updated on any new information as this transition continues.
George
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