As I type this I'm watching a baseball game on my local CBS affiliate. It will get better ratings than the June 12 CBS lineup of reruns, even up against the World Cup.
The viewership drops starting at 8;30. Late night doesn’t matter.
And Jimmy Kimmel, who knows the genre and the finances, has called BS on CBS' rationale from the jump:
www.thewrap.com
No bias in that source!And Jimmy Kimmel, who knows the genre and the finances, has called BS on CBS' rationale from the jump:
Jimmy Kimmel Says 'There's No Way' Colbert Is Losing CBS $40 Million a Year: 'It's Just Ridiculous' | Video
Jimmy Kimmel says the idea that Stephen Colbert is losing CBS $40 million a year is "just ridiculous" and "obvious lies"
As opposed to the ones trying justify a decision made to appease a giant toddler?
Have you seen the financials on this or are you just guessing.
I tend to agree, I haven't seen any documentation using Generally Accepted Accounting Principals that The Late Show was losing money. If such a document exists for an organization to suddenly discover they were losing $40mill a year, wouldn't CBS show a redacted version. Where in the "double hockey sticks" was CBS Management all these years? Now with cost accounting there is "wiggle" room on assignment of costs. How much did The ED Sullivan Theatre cost to run? What is the deprecation of an ancient building that you have owned for a couple of decades? Is it the only show to use it? Who or what is getting changed with the expenses now? Why isn't it listed for sale now? What would have been the on going expense to move the Late Show to the CBS LA studios or somewhere else?
www.hollywoodreporter.com
CBS doesn’t own TPIR, Fremantle does that show now in Glendale.
And to that point, even if CBS wanted to pay rent, purely hypothetically, part of the reason that studio was attractive for Fremantle (apart from, you know, keeping their profitable game shows on the air) is the ability to have those sets be more permanent that at Television City. Of course they can strike either show's set, but for an outside party, let's say CBS wanting to run a late night show for the sake of this example, that's going to be a costly endeavor to switch back and forth on a regular basis vs. mostly leaving the game shows in place day to day. Wheel and Jeopardy over at Sony would have the same thing. Both sets can stay put. If someone wanted to pay them a truckload of money to cover the costs, ok, sure, maybe there's an arrangement to be made. But it isn't like "going halvsies" in a new space.
If you read the WHOLE article it says after 2008 has CBS moved most of their stuff to 40 acre "CBS Studio Center in Studio City. They just got rid of excess space and netted $750 million. BTW they are still doing the Price is Right and a couple of other shows for 5 years. After the dust settles from the Warner deal I bet CBS LA production will end up at the surviving studio.CBS Television City was sold several years ago.
CBS Sells Iconic Television City Property for $750 Million
CBS Corporation on Monday announced that it has signed a definitive agreement for the sale of its 25-acre CBS Television City property in the Fairfax District of Los Angeles, as well as its soundstage operation, to real estate developer Hackman Capital Partners for $750 million. Hackman Capital...
As we said earlier in this thread, there were a lot of particulars about doing this show that were part of the contract, including the theater and the name.
www.hackmancapital.com
www.hollywoodreporter.com
Price (and Let's Make a Deal) are not in a CBS property. They had their years to move and they did. Post pandemic, when Price had reinstalled some socially distant seating in the audience area, they never went back to the full version until moving to Glendale. No need to pay the cost when the studio was going to end up being rehabbed anyway and the only other occupant for a time was Real Time with Bill Mahr.
The source for the accounting is "Trust me, bruh, and it has nothing to do with this deal we just happened to get an important approval on right at the same time."
