CBS Newscasters Say Goodbye to Their Shiny Times Square Studio

CBS Mornings is packing their boxes and heading somewhere a bit more affordable—their gloomy former studio in Hell’s Kitchen, the New York Post reported. The crew will be bidding adieu to their deluxe Times Square studio, which cost millions to build, only four years after they moved in. The move follows a company-wide cost-cutting mandate ordered by their corporate parent, Paramount Global, which wants to slash $500 million from their budget before a potential merger with Skydance Media. When CBS Mornings first moved into their fancy spot, then-President Neeraj Khemlani told NewscastStudio that the space “in the heart of Times Square will bring us a wealth of new opportunities for high-quality production.” CBS Mornings is co-hosted by Gayle King, Nate Burleson, and Tony Dokoupil, and it’s facing rock bottom as viewership continues to decline. The move is scheduled for September, and the team will relocate from 1515 Broadway to the CBS Broadcast Center on West 57th Street. The Daily Beast has reached out to CBS Mornings for comment.