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CBS Sells Television City; Y&R and B&B To Remain On Property For At Least Next Five Years

Courtesy/CBS

As it has been in the works for awhile,and  on Monday news broke that the CBS Corporation reached an agreement to sell its 25-acre CBS Television City property including its soundstage operations, to real estate developer Hackman Capital Partners for $750 million.

Hackman Capital also acquired the rights to use the Television City trademark.  The deal is expected to close by early 2019 on the historic property.

So what does this mean for your CBS soaps? Well, they aren’t losing their digs for quite some time!

According to the Hollywood Reporter, “CBS said that a handful of programs that film at Television City, including The Late Late Show With James Corden, The Young and the Restless, The Bold and the Beautiful and The Price Is Right, will continue being produced on the property for at least the next five years.”

In a statement Joseph Ianniello, president and acting CEO of CBS Corporation said “The sale of Television City unlocks significant value, increasing CBS’ financial flexibility, including the ability to redeploy capital for strategic growth initiatives such as additional content investment. At the same time, we will be transitioning this venerable site to a new owner who is committed to its legacy as both a cultural landmark and modern production facility. Hackman Capital has demonstrated terrific stewardship of classic properties, including their development of the landmark Culver Studios.”

So what do you think of the CBS selling TV City? Share your thoughts via the comment section below.

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Joe
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Joe

After five years, then what? They’ll either move the shows to a new location, or cancel them. I guess we’ll just have to wait and see.

Tony
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Tony

Cancel B&B, same repeated storylines. Bring back As The World Turns.

Momo
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Momo

I don’t understand the reasoning behind doing it. The shows have to film somewhere.

Barbara from Atlanta
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Barbara from Atlanta

I don’t live in Los Angeles but, having visited, I think I understand it. Television City seems to be in a prime real estate location in the middle of town. Nearby is the Farmer’s Market and an upscale retail/entertainment complex called the Grove. I think real estate in Los Angeles is unusually expensive and, given the size of Television City and it being in a desirable part of Los Angeles, the prospect of purchasing the lot surely would interest a developer. There really is no reason that a television studio would need to be sited on such valuable property: Would… Read more »

Steve Ward
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Steve Ward

The soaps, Price is Right, Dancing with the Stars (an ABC show) all lease space from CBS. CBS does not give them the studio just because the show airs on CBS. When each show’s contract is up, the shows will decide whether to stay at TV City or move to another studio such as Burbank where Days is taped. NBC sold its Burbank studios years ago. It, too, is owned by a Real Estate conglomerate. CBS needs the money for use elsewhere. CBS has Studio City where it’s local TV stations are located and other production facilities. This change will… Read more »

Steve
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Steve

I wouldn’t worry too much about the shows being impacted. Even after 5 years, development is likely to occur on the parking lot and back area that houses prep facilities.

Although it owned by CBS, Television City is also the home non-CBS shows like Dancing with the Stars and American Idol.

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Y&R to Celebrate John Abbott with Special Episode and Guest Appearance by Kym Douglas

The Young and the Restless continues its 50th anniversary season with a special episode dedicated to the memory of the late Jerry Douglas, who portrayed the beloved patriarch of the Abbott Clan, John Abbott.

The standalone episode will air on on Thursday June 22nd on the CBS daytime drama.

The episode is said to be filled with classic flashbacks and includes a special appearance by the late actor’s wife, author and television personality, Kym Douglas.

Look for Kym to take on the role of  Zelda Wilford who shares a special connection to the Abbott family.

Jerry Douglas passed away at the age of 89 following a brief illness in November of 2021.  The character of John Abbott was killed-off Y&R in 2006, but made many return appearances as a ghost, especially in scenes with his son, Jack, played by Peter Bergman.

Will you be tuning-in to see Y&R’s special episode to John Abbott? Comment below.

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Chris Licht OUT at CNN After Morning Show’s Failure to Grab Audience, Don Lemon Firing & Donald Trump Town Hall

Chris Licht, who attempted sweeping changes to the programming line-up and more has been let go as CNN’s CEO after just one year in the position.

Warner Bros. Discovery, CEO David Zaslav informed the CNN staff on their daily editorial call on Wednesday. During the informative call, Zaslav acknowledged that Licht’s leadership at CNN was ‘not successful; and that he takes ‘full responsibility’ for it. Prior to Licht, Jeff Zucker led the charge at CNN, and their styles were in sharp contrast to each other.

CNN’s interim leadership team was announced as: Amy Entelis, head of talent and content development, Virginia Mosely, head of editorial, plus programming executive Eric Shearling, and David Leavy, the just announced new COO.

 

Photo: CNN

During his tenure, Licht attempted to launch a newly reformatted morning, CNN This Morning with Poppy Harlow, Don Lemon and Kaitlin Collins, only to not only see it do poorly in the news/morning show ratings, but the trio is no longer together. Currently, Harlow remains with fill-in co-anchors.

Lemon was fired by Licht back in April after 17 years as part of the key anchors of the news network. Collins, has ascended to her own primetime show, and hadsbeen put in the position to lead key ‘Town Halls:, which recently included one with former President and now Republican Presidential candidate, Donald Trump.

Photo: CNN

It is said that one of the reasons for Licht’s dismissal was his decision to give Trump the airtime with Collins.  The now former CEO received swift backlash from viewers and staff. Many felt it was a desperate move by Licht as declining ratings and reworked programming were not turning things around. Licht eventually apologized to the staff for his decision on a Monday editorial call.  The scathing article in The Atlantic entitled, “Inside the Meltdown at CNN” really didn’t do Licht much favors, either.

In addition, there have been so many anchors/reporters/personalities switched around on their primetime line-up, (other than Anderson Cooper) that it became hard to know when to tune-in to see who … you almost needed a scorecard to follow.

So, what do you think of Licht’s departure from CNN? The missteps in programming decisions? A new CEO will eventually be named, but the network says it will takes its time to find the right replacement.  Comment below.

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Breaking News

‘The View’s’ Whoopi Goldberg Tells Audience to Stop ‘Booing’ Republican Senator Tim Scott

During a bizarre couple of segments of Monday’s episode of The View, Republican presidential candidate, South Carolina Senator Tim Scott, was the special guest.

The conversation between the conservative politician and The View co-hosts, Whoopi Goldberg, Sunny Hostin and Ana Navarro took some uncomfortable and tense turns.

At one point, Goldberg posed the question to Scott, as to why the Republican Party was trying to “stop the progression that people are making.” Scott started answering and said that his political party was doing a “fabulous job at making progress” with social issues. Hostin  asked him to elaborate on that point.  It was then, that the senator turned his back to Goldberg, which promoted Whoopi to interject “That was me talking to you …. shall I come next to her?”

Goldberg then stood next to Hostin as Scott continued to face away from the other co-hosts and address the two.  After proving her point, Whoopi went back to her seat a The View table.

Courtesy/ABC

Then, production signaled Goldberg to toss to break, but Scott was continue to speak.  So instead of interrupting him, someone else from the production staff walked on camera and told Scott they were going to break.

However, when the show returned, and Ana Navarro asked her question, if the senator thought the ‘Republican Party had gone too far’ in introducing legislature against the LGBTQ+ community, including Florida’s “Don’t Say Gay” bill, plus Floria governor and Republican presidential candidate, Ron DeSantis’ feud with Disney, Scott’s response drew ire from some in the live audience with many booing the guest.

Next, Goldberg shut down the ‘boos” scolding the audience with: “Not here. I’m sorry sir. Do not ‘boo’. This is The View. We accept … we don’t have to believe everything people say, but you cannot “boo” people here, please. You cannot do it.”

Watch the ‘daytime drama’ on The View below, and then let us know what you thought of Tim Scott’s appearance on the ABC daytime talk show via the comment section.

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