CBS May Sell Television City Studio for Hundreds of Millions

9/28/17

By Jason Aycock, SeekingAlpha

CBS (CBS -2.2%) is considering selling its famed Television City studios in Los Angeles, a sale that could draw $500M-$750M ... or as much as $900M, based on a prized location.

The network has reportedly been interviewing more than five brokerages over the sale but has narrowed the search to a final two.

The company apparently began marketing the property after unsolicited offers came in.

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