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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
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

Broadway Legend Carol Channing Dies At 97; B&B Remembers Her Time On The Soap

The beloved and iconic star Carol Channing has passed away at age 97.  Best known for her performance as Dolly Levi in Hello Dolly, the Tony Award-winning actress also picked up a Golden Globe for her role in Thoroughly Modern Millie, and was nominated for an Academy Award for it as well, throughout her enduring career.

Reports on Tuesday detail that Channing died at her home in Rancho Mirage, California, of natural causes.

While Channing did so much in her illustrious career, she also appeared as herself back in 1993 on CBS’ The Bold and the Beautiful.  That’s when the Forresters staged a celebrity-filled fashion show with plenty of glitz.

In a tweet with a photo of B&B’s enduring star, John McCook (Eric Forrester) pictured with Channing, the daytime drama shared: “All of us at mourn the loss of our friend, the legendary star, . She was a true original and there will never be anyone like her. Ms. Channing appeared as herself on B&B in 1993. May she rest in peace.”

Channing’s performance as a diamond-loving showgirl, Lorelei Lee, in the Broadway musical Gentleman Prefer Blondes back in 1949 made her a star.  Marilyn Monroe would play the role in the film adaptation.

Later in her TV career, she appeared on numerous shows including: Rowan & Martin’s Laugh-In, The Love Boat, Touched by an Angel and several game shows, to name just a few.

Share your thoughts on the passing of Carol Channing via the comment section below.

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Breaking News

Who Will Be Ryan’s Next Victim On General Hospital?

Here;s what we know .. on Monday’s episode of ABC;s General Hospital, Ryan added CarSon, Sonny and Carly, to his hit list of victims.  He wants them out of the the way so Ava can take Avery and leave Port Charles with him and never look back.

Meanwhile, Carly is definitely a threat to figuring out that Kevin is Ryan, given her unrelenting quest and her days at Ferncliff.

Elsewhere, Franco is up to trying to figure out why “Kevin” suddenly dumped him as a patient, and if anyone can come across the lock box in “Kevin’s” office and open it up, therein lies clue to the serial killer’s movesand victims.

But will Port Charles continue to think that “Kevin” is having some sort of breakdown over the anniversary of his twin brother, Ryan’s “death” and heinous killing spree years ago? Will anyone figure out the real Kevin is locked up in a straight-jacket at Ferncliff?

Check out this week’s promo for GH below, and then let us know; who you think will truly be Ryan’s next victim, or will he finally be caught?  And, what have you thought of the performances of Jon Lindstrom in this storyline? Comment below.

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All My Children

David Canary’s Daughter Raises Question If Repeated Head Traumas From His Football Past Contributed To AMC Star’s Condition Before His Death

Chronic Traumatic Encephalopathy (CTE) is a progressive degenerative brain disease that is now widely known to be the outcome of repeated head traumas, concussions and more for many NFL athletes, Pro Wrestlers, hockey players and more   It has caused mental illness, severe behavioral changes and more in younger athletes to even old-timers, many who suffer unaware what is happening to them. Some athletes who have committed suicide have been later to have been diagnosed with CTE when their brains were donated to research.

Kate Canary, the daughter of All My Children’s beloved and late, David Canary (Adam/Stuart Chandler), is a contributing writer to the New York Daily News, and she wrote a heartfelt, and thought-provoking article, on just what happened to this icon, who died in 2015 at the age of 77  with his formal diagnosis being Alzheimer’s disease.

However, David’s earlier football past as a high school and college football player could very well been the reason why he suffered so many years before, and as Kate related here in these excerpts: “But this diagnosis came after years of suffering with Dad’s cognitive decline, and arguably decades of signs. Without exposing the most excruciating details of a disease that could extinguish the most vibrant of men, I can confess that his case was anything but typical.  We lost him in fits and starts, over and over, for roughly seven years leading up to his final breath. Begrudgingly, we learned to lie to him — ‘entering his world,’ as my brother Chris so delicately deemed it — to skirt the contradictory truths that would trigger his outbursts, which left physical scars on objects, on himself, and on others. We knew many families who had faced Alzheimer’s, yet we were the only ones uttering the comparison ‘Jekyll and Hyde.  Those closest to Dad witnessed firsthand the erratic, delusional and at times explosive episodes that characterized his particular case, which we tried attributing to an overactive imagination in a broken brain. But as more information emerges about CTE and the nature of its symptoms — the violent mood swings, the lapses in judgment, the hours-long hallucinations, the paranoid delusions — we are left with more questions than answers, more regret than relief.”

Kate goes on to state the facts that David Canary suffered at least four major concussions as a lineman in his high school and college football playing days between the ages of 16 and 22, (she also relates that those are the ones he remembered).  She also notes the multi-Daytime Emmy winning star has experienced cognitive difficulties decades before his Alzheimer’s diagnosis, and that there was no genetic lineage that the family knew of that would you would often find with Alzheimer’s patients.  She also noted that David’s volatility was unusual for a patient suffering from this disease, which leads us all back to CTE.

In the end a loving daughter asks the questions, “Did football kill my father?”  Kate was on the verge of looking into a way to donate David’s brain to science, but sadly he passed away eight weeks later in November of 2015.

The upshot is that when mothers and fathers allow their kids to play football or other-related sports at an early age were concussions are a possibly or involved, think again, you could be changing the course of their lives forever.

So, what did you think of what Kate shared about David Canary’s mental health and condition?  It would seem CTE could have been the root cause of what befell this giant of a man in the daytime soap world. Share your thoughts via the comment section below.

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GH icon Genie Francis chats with Michael Fairman about her return to the soap as Laura after being taken off-contract earlier this year. Leave A Comment

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