To add some perspective, however, consider that in 1977, CBS, Inc. was the largest media conglomerate in the U.S., its $2.3 billion in revenue coming mainly from television and radio broadcasting, music publishing, and magazines.
Table 1 Holdings and Revenues of CBS, Inc, and Viacom, Inc.(1)
Harwood has acted as broker for a prestigious roster of tenants, including Bechtel, Inc., CBS, Inc
., Kalvin Miller International Inc., and Cy Mann International Inc.
has announced the sale of 1697 Broadway (53rd Street), the 140,000-squarefoot Ed Sullivan Theater and Office Building, to CBS, Inc. to serve as the new home for the David Letterman show which will move to CBS this summer.
First Winthrop Associates was represented by Bruce Saber and Elyse Holtzman of Fried, Frank, Harris, Shriver and Jacobson and CBS, Inc. was represented by John McCarthy and Lauren McGill of Milbank, Tweed, Hadley and McCloy.
A Midtown law firm has leased 165,000 square feet at the CBS, Inc
. headquarters building at 51 West 52nd Street.
Richard Eyre, president of the National Association of Corporate Real Estate Executives, and director of real estate for CBS, Inc
., said the seller would have to be sure the goods and services they receive are truly worth the cash for which they are being traded.
Richard Eyre, president of the New York Chapter of the National Association of Corporate Real Estate Executives (NACORE) and the director of real estate for CBS, Inc
., said all companies are operating with smaller staffs, while others are disbursing their real estate functions to the subsidiaries.