CBS and Tribune Broadcasting Announce New Home for the CBS Television Network in the Indianapolis Market The Companies Renew All Existing Affiliation Agreements for Stations Nationwide

NEW YORK, Aug. 11, 2014 /PRNewswire/ -- CBS Corporation and Tribune Broadcasting today announced a comprehensive, long-term agreement that renews their existing affiliation agreements and gives the nation's #1 network a new home in the Indianapolis market on Tribune Broadcasting's WTTV.

Under terms of the agreement, the CBS affiliate in the Indianapolis area will move from LIN Media's WISH-TV (Channel 8) and begin broadcasting on WTTV (Channel 4) on Jan. 1, 2015.

"There's nothing more valuable to a local station than programming from the #1 television network, and Tribune Broadcasting has been a great partner in reaching this agreement," said Ray Hopkins, President, Television Networks Distribution, CBS Corporation. "We're very pleased that Tribune recognized the full value that CBS brings to their business and brands across all of their stations included in this deal."

"This comprehensive agreement further expands our strong partnership with CBS and allows us to provide an array of outstanding programming, including leading live sports, news and entertainment," said Tribune Broadcasting President Larry Wert. "Through WTTV's new affiliation, we look forward to significantly enhancing our sports offerings, local news coverage and commitment to the community."

With the CBS affiliation, WTTV becomes the new home of the NFL's Indianapolis Colts beginning in 2015. The station will also broadcast other live sports, including NCAA football and basketball games.

The agreement also includes early renewals for four Tribune Media-owned CBS affiliates: WREG-TV in Memphis, Tenn.; WHNT-TV in Huntsville, Ala; KFSM-TV in Ft. Smith, Ark., as well as a renewal for WTVR-TV in Richmond, Va. In addition, CBS has renewed its affiliation agreement with Dreamcatcher Broadcasting's Norfolk, Va., WTKR, to which Tribune Broadcasting provides operational support under a shared services agreement.

About CBS Corporation

CBS Corporation (NYSE: CBS.A and CBS) is a mass media company that creates and distributes industry-leading content across a variety of platforms to audiences around the world. The Company has businesses with origins that date back to the dawn of the broadcasting age as well as new ventures that operate on the leading edge of media. CBS owns the most-watched television network in the U.S. and one of the world's largest libraries of entertainment content, making its brand —"the Eye" — one of the most recognized in business. The Company's operations span virtually every field of media and entertainment, including cable, publishing, radio, local TV, film, and interactive and socially responsible media. CBS's businesses include CBS Television Network, The CW (a joint venture between CBS Corporation and Warner Bros. Entertainment), CBS Television Studios, CBS Global Distribution Group (CBS Studios International and CBS Television Distribution), CBS Consumer Products, CBS Home Entertainment, CBS Films, CBS Interactive, Showtime Networks, CBS Sports Network, TVGN (a joint venture between CBS Corporation and Lionsgate), Smithsonian Networks, Simon & Schuster, CBS Television Stations, CBS Radio and CBS EcoMedia. For more information, go to www.cbscorporation.com.

About Tribune Media

Tribune Media Company (OTC:TRBAA) is home to a diverse portfolio of television and digital properties driven by quality news, entertainment and sports programming. Tribune Media is comprised of Tribune Broadcasting's 42 owned or operated local television stations reaching 50 million households, national entertainment network WGN America, available in 72 million households, Tribune Studios, and Tribune Digital Ventures, including the websites Zap2it and TVByTheNumbers, and Gracenote, one of the world's leading sources of TV and music metadata powering electronic program guides in televisions, automobiles and mobile devices. Tribune Media also includes Chicago's WGN-AM, the national multicast networks Antenna TV and THIS TV. Additionally, the company owns and manages a significant number of real estate properties across the U.S. and holds other strategic investments in media. For more information please visit www.tribunemedia.com.

SOURCE CBS Corporation



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