published on December 11, 2018 - 1:04 PM
Written by Associated Press

(AP) – CBS says it has sold Television City, its Los Angeles headquarters and production facility, to a real estate developer for $750 million.

Shows on Television City sound stages include “The Late Late Show with James Corden” and “The Price is Right.” They will continue to be based there for at least five more years.

CBS said Monday that the buyer is Hackman Capital Partners and that it will have the right to use the Television City name in connection with its future operations on the property.

The media giant says the sale will increase its “financial flexibility.”

CBS purchased the property in 1950 when it expanded operations from New York to the West Coast.

Shows produced there include “All In The Family,” ”Three’s Company,” and “America’s Got Talent.”


e-Newsletter Signup

Our weekly poll

Does your business need more federal coronavirus relief?

Loading ... Loading ...

Central Valley Biz Blogs

Popup
shares

3/5

Article views

remaining

Sign up icon

To continue website access to

TheBusinessJournal.com

please create a FREE account OR login here.

1/5

Article views

remaining

SKIP THE POP-UPS
For only $59 for one 1-year you will receive the Print edition along with EVERYTHING The Business Journal has to offer digitally, PLUS you will have unlimited 24- hour a day access to view articles at

TheBusinessJournal.com

Use Promo Code

*New Subscribers Only

Digital and Print

XX Days Remaining

until you can view 5 more free articles

Sign up icon

Want access? Subscribe now & save $20 OFF.

Use Promo Code

WEBSUB20

* NEW SUBSCRIBERS ONLY