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Monday, June 12, 2023

CBS Confirms It May Sell It's NYC Broadcast Center


CBS Entertainment president and CEO George Cheeks confirmed that the company is mulling both a sale of its sprawling West 57th Street Broadcast Center and a move to a different Manhattan location.

Cheeks wrote an internal memo to staff last week:  “It is true that the company has retained a real estate consultant to evaluate selling the BC and to identify a new home for our teams there.”

Although the memo wasn’t meant for outside consumption, The NY Post calls it  refreshing departure from the common practice of telling employees that accurate press reports about corporate decisions were all wrong.

Cheeks told his troops that CBS was “in the early stages of this process” and a timeline for any “potential sale, design and build of a new facility and an eventual move is very hard to predict.”

At least three major commercial developers/landlords have expressed preliminary interest in making a deal with CBS.

The network won’t leave the block altogether. It’s staying put in 281,000 square feet at SL Green’s 555 W. 57th St., a modern office and studio building across the street, where it signed an early five-year lease renewal in January.

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