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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.

Breaking News

Groundbreaking Star of ‘Dynasty’ and ‘Julia’, Diahann Carroll Dies At 84

One of the beautiful and beloved actresses in the world, Diahann Carroll, has passed away in heartbreaking news on Friday.  Carroll died at her home in Los Angeles after a long bout with cancer, according to her daughter,  producer-journalist Suzanne Kay.

Carroll, who was first-known for her amazing singing voice, and then as an actress, received a Tony Award and an Oscar nomination in her legendary career. She also make television history for her turns on Julia and Dynasty.

In her role as Julia, Carroll, became the first African American female to star in a non-stereotypical role in her own primetime network series . Julia, premiered in September 1968, finished No. 7 in the ratings in the first of its three seasons, and Carroll received an Emmy nomination and a Golden Globe for her work.

Photo ABC

And later in her career, after loving ABC’s primetime soap, Dynasty, Carroll got the attention of producer Aaron Spelling to create a role on the show for her. And thus she became the one and only Dominique Deveraux … the half-sister of Blake Carrington (John Forstyhe).

That part broke ground as well, for Diahann in 1984, became the first featured African American character on a prime time soap.  Carroll later appeared on the Dynasty spinoff, The Colbys,  In films, Carroll earned her Oscar nomination for her work in Claudine (1974),

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Diahann was married four times.  In addition to her daughter, she is survived by her grandchildren, August and Sydney.

For more on the passing of Diahann Carroll check out the Hollywood Reporter.

Share your remembrances and condolences on the passing of Diahann Carroll via the comment section below.

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As The World Turns

Emmy Winner and Noted Soap Opera Head Writer; Hogan Sheffer Passes Away At 61

Over the last several hours, reports have broke that one of daytime’s most notable scribes has died.  Hogan Sheffer, who was head writer at As the World Turns, Days of our Lives and The Young and the Restless has passed away at the age of 61.

Soap Hub, first reported the news via multiple sources, however, many writers who worked with Hogan during his tenure on the soaps have taken to social media to share their condolences and their grief and remembrances.

Sheffer’s appearance on the soap scene was unexpected, especially in a genre where it is often rare for new blood to take the reins at the head writer position.  Proctor & Gamble had decided to bring in Hogan after his work as the Director of Screenplay Development for DreamWorks, not because of his writing credits for a previous network soap.  He was given trial deal as a breakdown writer for the CBS soap and 10-weeks in became the beloved town of Oakdale’s new head writer.

Hogan and his then writing team were able to turn the classic, As the World Turns around.  The show went up in the ratings and during his time with the series ‘World Turn’s’ won two Daytime Emmys for Outstanding Drama Series, and he and the writing team picked up four Emmy victories all through 2000-2004.

Photo: JPI

Next, Sheffer landed in Salem as head writer of Days of our Lives along with Meg Kelly from 2006 through to the beginning of 2008.   He would later join The Young and the Restless and team up with then head writers: Maria Arena Bell and Scott Hamner, and eventually stay with the show till 2012.  During Sheffer’s time in Genoa City, Y&R also won a Daytime Emmy for Outstanding Writing in 2011.

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On Sunday, former WWE and daytime writer Tom Casiello, who was extremely close with Sheffer…  and who shared how Hogan gave him his start at writing in daytime, took to his Facebook page to pay tribute to a man who had such an impact on his life and many others.  It is worth the read here. 

Y&R writer, Sara Bibel tweeted: “Hogan Sheffer was a gamechanger for ATWT and daytime. Everyone I know who worked with him adored him. RIP”

And, iconic ATWT star, Martha Byrne (Ex-Lily) tweeted on Sheffer’s passing: “To say he was one of a kind would be a tremendous understatement. Our years at ATWT with Hogan at the helm were a rebirth for our beautiful show. Loved his writers, actors,crew. Blessed to have him on the first floor in Brooklyn ready to listen. Talented. Funny. Generous. RIP”

Colleen Zenk (Ex-Barbara, ATWT) also took to Twitter upon learning of the passing of Sheffer sharing: “I loved him, loved him, loved him… he was so good to me. Thank you for everything, Hogan. You were so loved. Especially, by me… Rest in peace…”

Michael Fairman TV will continue to bring you updates as the soap world mourns the loss of a creative force in our genre.  Share your condolences and thoughts on the death of Hogan Sheffer via the comment section below.

 

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Breaking News

B&B’s Darin Brooks and Y&R’s Kelly Kruger Welcome Their Daughter Into The World

This past Sunday was one of the happiest days for real-life duo Darin Brooks (Wyatt, B&B) and Kelly Kruger (Mackenzie, Y&R) when their daughter Everleigh Jolie Brooks made her entrance into the family.  Everleigh was born in Los Angeles at 4:13am and weighed in at 9 lbs and 1 oz and 21.5 inches long.

Kelly told PEOPLE.com about the birth of her new little bundle of joy:  “We keep looking at her in disbelief that we made her/  We look at her and try to figure out who she looks more like. She has my hair because I also was born with a ton, and she definitely has Darin’s height.” Darin commented: “Long lean and with great hair — she’s already a supermodel!”

Today on Thursday, Kruger tweeted: “She’s here! Everleigh Jolie Brooks 9/22/19 We are so in love!!!”

While hubby, Brooks tweeted: “She’s heeeeerrrreeeee!!!  Welcome Everleigh Jolie Brooks! Born on 09/22/2019 These two little munchkins changed my life @KrugerKelly”

Send your congratulations and well-wishes to Darin, Kelly and their baby girl Everleigh via the comment section below!

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Y&&’s Eileen Davidson and her husband Vincent Van Patten chat with Michael Fairman about their new film “7 Days to Vegas”, her time on Y&R, DAYS, The Real Housewives of Beverly Hills and their relationship. Leave A Comment

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