Tuesday 10 December 2019

Following merger, Viacom could sell CBS’ Midtown HQ

After merging with CBS for the second time in twenty years, Viacom is once again considering a sale of CBS’ 38-story Midtown headquarters. ViacomCBS CEO Bob Bakish announced Monday that the newly formed media conglomerate had tapped CBRE to review its entire real estate portfolio, Bloomberg reported. The company aims to cut costs by $500 million. No price was indicated for the 1965 skyscraper, designed by Finnish-American architect Eero Saarinen. When Viacom first purchased CBS



source https://therealdeal.com/2019/12/10/following-merger-viacom-could-sell-cbs-midtown-hq/

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