Paramount is in plans to sell its CBS Broadcast Center in Manhattan.
Team – You may have seen media reports about the potential sale of the CBS Broadcast Center in Manhattan. 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.
We are in the early stages of this process. The timeline for any potential sale, design and build of a new facility and an eventual move is very hard to predict. If a transaction happens, it will likely be some time before there would be any significant changes to our current operation.
We see this as an opportunity to invest in and reimagine a new facility that will support teams that are central to our success today and in the future.
I will keep you updated on any new information regarding this potential transition as it progresses.
George
