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How much did it cost CBS to cancel ‘The Early Show?’

Nearly $40 million, the company’s fourth quarter earnings report indicates:

The company took a $46 million restructuring charge, mostly because of a revamp of “The Early Show,” the CBS network’s struggling morning show.

The network laid off nearly two dozen staff members and moved out of a street-side studio on Fifth Avenue in New York City; the replacement for “The Early Show,” called “CBS This Morning,” started in early January inside a new studio at the CBS News headquarters a mile away. CBS Corporation’s chief financial officer, Joseph Ianniello, said the company would recoup the costs in 12 to 18 months.