CBS Signs Affiliation Agreement with Grey Television

CBS announced today that it has signed an affiliation agreement with Gray Television, Inc.'s station KNPL in North Platte, Neb. The target launch date for the station is Sunday, Sept. 1, 2013. KNPL will be viewed over-the-air, on cable and on satellite television.

Diana Wilkin, President, CBS Affiliate Relations, said: "This new affiliation agreement is a welcome opportunity to enhance CBS's service to viewers in central Nebraska with the Network's first home station in North Platte. It also builds on a very successful partnership we've long had with Gray Television in Lincoln and Grand Island, among many other markets."

Bob Prather, President, COO and Director, Gray Television, Inc., said: "As the owner and operator of multiple CBS affiliates across the country, we greatly value the consistent quality and strength of CBS's entertainment, news and sports programming, which perfectly complement the outstanding broadcasts produced by our stations. We're looking forward to adding KNPL to our portfolio of CBS stations."

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, outdoor advertising, 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), Showtime Networks, CBS Sports Network, Smithsonian Networks, Simon & Schuster, CBS Television Stations, CBS Radio, CBS Outdoor, CBS Television Studios, CBS Global Distribution Group, CBS Interactive, CBS Consumer Products, CBS Home Entertainment, CBS Films and CBS EcoMedia. For more information, go to www.cbscorporation.com.

About Gray Television, Inc.

Gray Television, Inc. is a television broadcast company headquartered in Atlanta, GA, which owns and operates television stations broadcasting 41 primary channels and more than 40 secondary channels in 30 television markets. Nineteen of our primary channels and one secondary channel are affiliated with the CBS Network owned by CBS Inc. ("CBS"), ten primary channels are affiliated with the NBC Network owned by National Broadcasting Company, Inc. ("NBC"), eight primary channels and one secondary channel are affiliated with the ABC Network owned by American Broadcasting Company ("ABC"), and three primary channels and two secondary channels are affiliated with the FOX Network owned by the FOX Broadcasting Company ("FOX"). We also broadcast one primary channel affiliated with Antenna TV and 45 secondary channels that are affiliated with networks other than the "Big Four" networks listed above, specifically, The CW Network/ The CW Plus Network, MyNetwork, Untamed Sports Network, The Country Network, This TV Network, the MeTV Network, and Antenna TV. In addition to our affiliated secondary channels, we broadcast nine local news/weather secondary channels in certain of our existing markets.

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