THE 15th ANNUAL YOUNG HOLLYWOOD AWARDS TO BE BROADCAST ON THE CW NETWORK

The CW Network Partners with Penske Media Corporation to Present This Year's Young Hollywood Awards, Thursday, August 1

May 8, 2013 (Los Angeles, CA) - As it celebrates its 15th Year, The Young Hollywood Awards, long regarded as the "Oscars of Young Hollywood," will partner with The CW Network to broadcast this year's star-studded red-carpet event on Thursday, August 1 (8:00-10:00p.m. ET/PT). The announcement was made today by Jay Penske, Founder, Chairman and CEO of Penske Media Corporation (PMC), owner and Executive Producer of the award show, and Mark Pedowitz, President, The CW.

"I'm so pleased PMC and The CW will partner for our biggest year yet of the Young Hollywood Awards, spotlighting our show's proven evolution in honoring and celebrating the accomplishments of the entertainment industry's rising stars," said Penske. "YHA celebrates emerging young talent, and The CW Network has established the careers of some of the brightest young stars - making this alliance all the more perfect for the significant 15th anniversary of this eminent event."

"The CW is thrilled to be able to join forces with Jay and PMC to broadcast young Hollywood's premier award show, as we continue to eventize our summer schedule," said Mark Pedowitz, President, The CW. "Not only does this allow us to celebrate the year's best emerging talent in film, music and television, but it perfectly fits with The CW's brand and further establishes us as the place to find many of today and tomorrow's up-and-coming stars."

Since its inception, this vibrant red carpet show has served as a launch pad for the future careers of many of today's top actors, directors, and entertainers. A must-attend for Hollywood's A-list talent, industry executives, and fans, the annual Young Hollywood Awards draws extensive media coverage from national and international press. The list of previous Young Hollywood Awards recipients and presenters is a who's who of Young Hollywood with names such as Scarlett Johansson, Armie Hammer, Kristen Stewart, Taylor Swift, Ryan Gosling, Zac Efron, Justin Bieber, Jake Gyllenhaal, Dakota Fanning, Jessica Alba, Liam Hemsworth, Ashley Greene, Emma Stone, Nick Jonas, Mila Kunis, and Shia LaBeouf, among many others.

The 15th Annual Young Hollywood Awards will be held in Los Angeles and the host and nominees will be unveiled in June 2013.

About Penske Media Corporation (PMC)

PMC is a leading digital media and publishing company founded by Jay Penske in 2004. Today, PMC engages with audiences across the web, television, mobile, print and social media - reaching more than 119 million consumers monthly according to Comscore. PMC owns a unique and growing portfolio of lifestyle brands that provide the web's best original content in categories including entertainment, sports, breaking news, media, finance, tech, health, shopping, fashion, beauty, and automotive. PMC Studios, Deadline.com, Variety, OnCars, HollywoodLife, ENTV, India.com, Movieline, TVLine, BGR, AwardsLine, LA411, NY411, Young Hollywood Awards, The Style Awards, and Breakthrough of the Year Awards are all part of the expanding PMC portfolio. For more information on PMC and its brands, please visit: www.PMC.com or its digital properties directly.

About The CW

THE CW TELEVISION NETWORK, a joint venture between Warner Bros. Entertainment and CBS Corporation, made its debut on September 20, 2006 as America's fifth broadcast network and is the only network specifically targeting viewers ages 18-34, a demographic highly sought after by advertisers. Delivering a total of 30 hours of programming a week, The CW offers a five-night, 10-hour primetime lineup that runs Monday through Friday. In daytime, The CW broadcasts a Monday through Friday afternoon block, and a five-hour Saturday morning block. For more information, visit www.cwtv.com