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Aerial photo of CBS Television City in Hollywood, CA. Photo: Monty Brinton/CBS ©2016 CBS Broadcasting, Inc. Aerial photo of CBS Television City in Hollywood, CA. Photo: Monty Brinton/CBS ©2016 CBS Broadcasting, Inc.

LOS ANGELES—Locally-based Hackman Capital Partners has reached an agreement with CBS Corp. to acquire the broadcast network’s iconic 25-acre CBS Television City and sound stage property here for $750 million.

As part of the transaction that is expected to close in early 2019, CBS programs, such as “The Late Late Show With James Corden,” “The Price Is Right,” “The Young and the Restless” and “The Bold and The Beautiful,” will continue to be produced at the property for the next five years. CBS will also retain office space for CBS Studios International’s US headquarters and other company departments currently housed on the Television City site.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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