Now that CBS and Viacom have been recombined, real estate may be shed to pay for stock buybacks
ViacomCBS is exploring the sale of the historic CBS headquarters known as Black Rock in Midtown Manhattan.
Bakish said a Black Rock sale was one of a number of real estate transactions the company will look at with the recombination of Viacom and CBS that was finalized last week. Bakish said the proceeds from such sales would be used for stock repurchases.
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