Hollywood Sign building for the antennas. From 1939 to 1947, this site was the location of the studios and transmitter of the first television station in Los Angeles, W6XAO (now KCBS-TV), founded by The Don Lee Network, hence the name Mount Lee. The TV studio left this location in 1948, and the transmission facility left in 1951, moving to the higher Mount Wilson. Land in the vicinity of the sign was purchased by Howard Hughes in 1940, who planned to build a hilltop mansion at Cahuenga Peak for actress Ginger Rogers. Before long Rogers broke off their engagement and the lot remained
Hollywood Sign to buy the property for a discounted price of $12.5 million. On February 11, 2010, as part of a campaign to help raise money and with the full support of both the city and the Hollywood Sign Trust, the organization covered each letter of the sign with large banners reading "SAVE THE PEAK". On April 26, 2010, the Trust for Public Land announced it had raised enough money, with "Playboy" magazine founder Hugh Hefner stepping forward to donate the final $900,000. Hefner later gave an additional $100,000 donation. After the purchase, the parcel became an extension of nearby Griffith Park.