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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.”

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

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Joe
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
Tony

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

Momo
Momo

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

Barbara from Atlanta
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 the viewers really care if a show was filmed there or in a studio located on relatively less expensive property (say as in Pasadena)? Heck, if there was consistency in the sets, the viewers wouldn’t even notice. (I sure didn’t notice a visual difference when ATWT quit filming in the middle of Manhattan and moved to a studio in Brooklyn).

In addition to Y&R and B&B, I’m guessing that The Price is Right, The Late Late Show, and The Talk are all filmed in Television City. I’m not optimistic about the future of daytime serials but the mere selling of this property doesn’t automatically suggest to me that CBS will ax Y&R and B&Ba at the end of the 5-year post-sale period. (However, it certainly is plausible that the cost of moving the production of these shows might weight into that decision — especially if the ratings continue to dwindle).

Steve Ward
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 not affect Y&R or B&B.

Steve
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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ABC To Resume Airing All New Episodes Of General Hospital

Finally, good news GH fans! Beginning today on Wednesday January 29th, ABC will begin to resume airing new episodes on on broadcast television in their West Coast territories and areas not impacted by ABC News’ live coverage of the President Donald Trump Senate impeachment trial.

For those whose viewing is still affected by the Senate impeachment trial, ABC is still providing additional opportunities to keep caught up.

Full episodes will be available for viewers each day on ABC.com and the ABC app at 8:00 p.m. EST. The day after episodes air, fans can also watch on Hulu or On Demand.

This current viewing solution during the trial will continue this way until programming can returns to its normal schedule for all.

So make sure to start tuning back in to General Hospital! So, glad to hear there are now ways to watch new episodes of the action in Port Charles? Comment below.

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Guiding Light and All My Children Favorite, Marj Dusay Dies At 83

She was a force to be reckoned with on the daytime soaps, and because of it ,fans and critics alike loved her performances as Guiding Light’s Alexandra Spaulding (1993-97 and 1998-99, and 2002-09) and All My Children’s evil Vanessa Bennett (1999-2002).  But now Marj Dusay, who played these roles and so many others in her illustrious career has passed away at the age of 83.

The news came via her step-daughter, Elizabeth Perine on facebook who revealed that Marj past away on Tuesday stating: “I’m so very sad to have to tell you that my stepmother Marj passed away peacefully yesterday morning in her sleep. She was quite a woman and had quite a grand life. She was deeply loved and will be deeply missed.:

But not only did Marj portray Alexandra and Vanessa on daytime, she also had stints as Myrna Clegg on Capitol, Vivian Alamain on DAYS and Pamela Conrad Capwell on Santa Barbara.

Dusay also appeared on TV in Facts of Life, The Odd Couple, Star Trek, Hogan’s HeroesMod SquadGet SmartMannixPhyllisBarnaby JonesHart to Hart and The Fresh Prince of Bel-Air and many other series.

Share your remembrances and condolences of and for Marj Dusay in the comment section below.  But first check out these scene from her work on Guiding Light!

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Impeachment Hearings On Broadcast Networks Show Ratings Much Lower Than The Daytime Soap Operas They Are Preempting

In an infuriating article written by FOX news, off of a study from NewsBusters, the news outlet and others have come to the realization that all of us who want our soaps back on the air already know.  That is … that the network daytime dramas ratings are far better on a day-to-day basis than people tuning into network TV during the day to watch the impeachment hearings of Donald Trump.

Soap fans have been furious that in the afternoon network TV is pulling their soaps off their normal airtime across all coasts.  Daytime soap viewers feel that all of the 24-hour news cable outlets should be the the place to go to see the hearings during the day; as to not to preempt the drama on General Hospital, Days of our Lives, The Young and the Restless, and The Bold and the Beautiful.   

Photo: CBS

Just for the record, the study via NewsBusters showed that on day one of the impeachment hearing the networks scored as such: CBS averaged 1.52 million, ABC  1.29 million viewers, and NBC averaged 1.26 million viewers.   Thursday’s were even worse with CBS averaging 1.4 million, ABC 1.2 million viewers and NBC had 1.1 million viewers.

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Now compare that to the weekly daytime soap ratings and total viewers which while it ebbs and slows is still way about this.  According to the study: “The Young & The Restless” has been averaging 3.7 million viewers during the 2019-2020 season and The Bold & The Beautiful averages 3.15 million viewers. ABC’s General Hospital averages 2.15 million viewers while NBC’s Days of Our Lives averages 1.95 million viewers.”

Share your thoughts on the pre=emptions of your favorite soaps, and how the impeachment hearings are, of course, not bringing in higher number in the day-part via the comment section below.

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