Paramount Downsizes New York Offices, Relocating '60 Minutes,' CBS Sports, and 'Inside Edition'

The media company is consolidating its footprint in the city as part of a real estate restructuring.

Published on Feb. 23, 2026

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Paramount is relocating the New York offices for its '60 Minutes,' CBS Sports, and 'Inside Edition' divisions as part of a real estate downsizing. The three divisions, which previously shared office space at Paramount's 555 W. 57th location, will be moving to different Paramount-owned buildings in the city. CBS Sports and 'Inside Edition' will relocate to Paramount's NYC headquarters at 1515 Broadway, while '60 Minutes' will move across the street to the CBS Broadcast Center.

Why it matters

This move reflects broader shifts in the media industry, as companies look to optimize their real estate footprint and consolidate operations. The relocation of these high-profile divisions signals Paramount's efforts to streamline its New York presence and cut costs amid an evolving media landscape.

The details

The three divisions - '60 Minutes,' CBS Sports, and 'Inside Edition' - will be exiting their current office space at 555 W. 57th Street in New York City. CBS Sports and 'Inside Edition' will move to Paramount's headquarters at 1515 Broadway, while '60 Minutes' will relocate across the street to the CBS Broadcast Center. The moves are expected to be completed by early 2027.

  • The relocations are expected to take place in early 2027.

The players

Paramount

A major media and entertainment company that owns and operates several television networks, including CBS.

CBS Sports

The sports division of the CBS television network, responsible for the coverage of various sporting events.

Inside Edition

A long-running American television newsmagazine that is part of CBS Media Ventures.

60 Minutes

A popular American television news magazine that has been on the air since 1968.

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The takeaway

This real estate consolidation by Paramount reflects the broader challenges facing the media industry, as companies look to optimize their physical footprint and adapt to changing market dynamics. The relocation of these high-profile divisions signals Paramount's efforts to streamline operations and cut costs in New York City.