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LOS ANGELES, CA JUNE 13, 2018 --- To save CBS Television City, L.A. might have to allow development round the landmark. For generations, CBS Television City has served as a stage for some of TV's most legendary moments. "The Jack Benny Program" The Carol Burnett Show" and "The Price Is Right," were filmed and such stars as Elvis Presley, Bob Hope and Jack Benny performed. But for all that Hollywood history, Television City's future remains in flux in a city where property values are skyrocketing and the need for more housing is so acute. The sprawling complex, with its sound stages, mid-century offices and lush landscaped gardens, is located at one of the most desirable properties in L.A., at the corner of Beverly Boulevard and Fairfax Avenue not far from the Grove, Farmer's Market, LACMA and the Beverly Center. (Irfan Khan / Los Angeles Times)

Legendary Television City may be be sold in further blow to Hollywood

Legendary Television City may be be sold in further blow to Hollywood

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Illustration of a Craftsman home with a depiction of an agent review behind it.

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