GMA news shaves $100M off balance sheet, moves underground

Welcome to “The Scoop” — the ultimate back-to-the-office water cooler cheat sheet, your go-to source for all things everyone really wants to know! Get the latest on everything from the political swamp maneuvering in D.C. and Hollywood drama to jaw-dropping small-town shenanigans from Paula Froelich. Subscribe to her newsletter here.

(NewsNation) — ABC News is about to save $100 million with “Good Morning America” — but it’s not by cutting the exorbitant salaries of their anchors (which will come next year when Michael Strahan, George Stephanopoulos and Robin Roberts’ contracts are coming up).

The good news for ABC execs: When they leave the GMA Times Square studios in January, they will be saving $100 million a year on rent. 

People watch election results at Times Square in New York on November 5, 2024. (Photo by TIMOTHY A. CLARY / AFP) (Photo by TIMOTHY A. CLARY/AFP via Getty Images)

Good Morning America to leave Times Square studio

The bad news: The new studio for the popular morning show — where anchors and correspondents often mingle with the crowds outside in Times Square next to their “windows on the world” studio — is in the basement of the Hudson Square skyscraper.

“The new studio will be surrounded by video walls, which can be cool, I guess,” said a source, “but there can’t be interaction with the public like we used to have and the ‘Today’ show still has in Rockefeller Center. People are worrying it will feel … encapsulated.

“Even if GMA wanted to do a live shot outside the building — there are challenges. It’s a low foot-traffic area and at the entrance to the Holland Tunnel, so you wouldn’t be able to hear anything anyway over the horns honking at all times.” 

A rep for ABC News declined to comment. 

FOLLOW US ON GOOGLE NEWS

Read original article here

Denial of responsibility! Todays Chronic is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – todayschronic.com. The content will be deleted within 24 hours.

Leave a Comment