CBS SPORTS AND PGA TOUR ANNOUNCE NEW TELEVISION AGREEMENT

CBS Sports and the PGA TOUR announced today the completion of an unprecedented broadcast network television agreement with CBS, which will secure the PGA TOUR's television rights for the next 10 years. With the current deal running through 2012, the new nine-year agreement will extend from 2013 through the 2021 season.

"CBS Sports is delighted to continue our long-standing relationship with the PGA TOUR," said Sean McManus, Chairman, CBS Sports. "As we have for more than 50 years, we value our partnership with the TOUR and have tremendous confidence that the TOUR is well-positioned for continued growth and success. This deal continues CBS Sports' goal and strategy to renew our most important marquee properties in a way that is positive for CBS' business interests. The TOUR and its sponsors have been great partners, and we look forward to continuing this partnership for many years to come."

CBS Sports will continue its current broadcast television package with an average of 20 tournaments through the life of the agreement. Highlights of the CBS Sports schedule include the majority of the popular "West Coast Swing" beginning with the Farmers Insurance Open, Waste Management Phoenix Open, AT&T Pebble Beach National Pro-Am and Northern Trust Open; a strong spring and summer schedule including the Wells Fargo Championship, the Memorial Tournament Presented by Nationwide Insurance and the AT&T National; the end of the FedExCup Regular Season including the World Golf Championships-Bridgestone Invitational and the play-in event to the PGA TOUR Playoffs for the FedExCup, the Wyndham Championship; and coverage of The Barclays to begin the Playoffs. CBS will broadcast more than 130 hours of live weekend coverage per year.