Post by tmann3x on Dec 10, 2018 18:17:54 GMT -5
CBS Corporation announced on Monday that it has signed a definitive agreement for the sale of its 25-acre CBS Television City property in the Fairfax District of Los Angeles, as well as its soundstage operation, with real estate developer Hackman Capital Partners for $750 million. Hackman Capital also acquired the rights to use the Television City trademark.
CBS programs that film at Television City, including The Late Late Show with James Corden and The Price is Right, will continue being produced on the property for at least the next five years.
For more info, click on this link-- www.hollywoodreporter.com/news/cbs-sells-television-city-property-750-million-1168095?fbclid=IwAR3dOizZMzQV5QatyydAJnNhUYlhr23Awfp9aAcIGi7lch0HBjQyFvQp-6w
