‘”The station will continue to operate out of the studios at 4401 W. Sunset Blvd. for as long as a year until a new location is found.

“We are now implementing phase two of our transformation from a PBS affiliate to an independent public media center for the 21st century,” according to KCET president and CEO Al Jerome. “New facilities and equipment will allow us to augment the quality, award-winning content that our fans love.”’ -CBS News/Los Angeles

The Los Angeles Times reports that no sales price was disclosed, but that the assessed value of the 4.5 acres is $14.1 million.”

Also from the Times-

“The Church of Scientology said the acquisition would expand its audiovisual capabilities and enable it to move further into broadcast production.

The studio includes two sound stages, extensive post-production facilities and modern TV, satellite and Internet broadcasting capabilities, the church said.

“It is a perfect fit, in both size and location, for the expansion of the Church of Scientology’s production of religious and social betterment audiovisual properties, and we welcomed the unexpected opportunity to acquire it,” the church said in a statement.” -Los Angeles Times

KCET, is reportedly looking for a smaller facility.   The station split from PBS in January, in a dispute over payments it was forced to pay the network.