ViacomCBS plans sale of CBS headquarters in New York
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(Reuters) - ViacomCBS is planning to sell the CBS headquarters in New York, known as Black Rock, as it seeks to cut costs from the combined company, Chief Executive Officer Bob Bakish told reporters Monday.CBS and Viacom - both owned by the Redstone family - began trading as a combined company on Dec. 5. Executives had projected that the merged company would result in $500 million worth of cost savings.Bakish, who led Viacom before taking the helm of ViacomCBS, also said the company would begin..