The move to curtail costs comes as CBS News’ parent company, Paramount Global, was acquired by Skydance Media, led by David Ellison.
The $8 billion acquisition of the media conglomerate is heralding changes at the news network, which may be affected by additional cost-cutting measures such as layoffs. Other changes include the recent appointment of Kenneth R. Weinstein as ombudsman and Bari Weiss joining the network in a potential senior leadership role.
Meanwhile, CBS Mornings was the last of the national broadcast networks to be based out of Times Square.
Right before the start of the summer, Good Morning America started broadcasting from its new home and location at the Robert A. Iger Building in 7 Hudson Square.
This completed ABC News’ monthslong consolidation of its New York facilities, which saw all facets of its operations, including news, editorial, live productions, streaming, technology, advertising, corporate, and business support functions, as well as its O&O affiliate station WABC, now under one roof at the building, named after the current Disney CEO.

