SHOWTIME(R) AND STRIKEFORCE(R) REACH NEW PROGRAMMING AGREEMENT FOR LIVE MMA EVENTS ON THE PREMIUM NETWORK

New Deal Kicks Off on Saturday, Jan. 7, 2012 with ROCKHOLD vs. JARDINE

Plus, All STRIKEFORCE Preliminary Fights to Air Live on SHOWTIME EXTREME(R)

NEW YORK (Dec. 15, 2011) - Showtime Networks Inc. and world championship mixed martial arts (MMA) promotion STRIKEFORCE(R) have entered into a new broadcast agreement to continue producing live MMA events on the premium television network, SHOWTIME. The agreement was announced jointly today by Stephen Espinoza, Executive Vice President and General Manager, SHOWTIME Sports(R), Dana White, UFC(R) President, and Scott Coker, STRIKEFORCE CEO.

Under the new agreement, SHOWTIME will produce and televise up to eight live events. STRIKEFORCE athletes such as lightweight champion Gilbert Melendez, middleweight champion Luke Rockhold, women's featherweight champion Cris "Cyborg" Santos, women's bantamweight champion Miesha Tate and other world-class MMA fighters will continue to compete for the organization on SHOWTIME.

The new deal kicks off during the network's Free Preview Weekend, Saturday, Jan. 7, as champion Rockhold defends the STRIKEFORCE 185-pound title against dangerous veteran Keith Jardine at The Joint at Hard Rock Hotel & Casino in Las Vegas, live on SHOWTIME at 10 p.m. ET/PT. Notable STRIKEFORCE contenders such as Robbie Lawler, "King Mo" Lawal and Tyron Woodley are also set to compete on the televised card, which - as part of Free Preview Weekend - will be available in more than 60 million households nationwide across SHOWTIME, SHOWTIME HD(TM) and SHOWTIME On Demand(R).

Beginning with the Jan. 7 card, SHOWTIME will also televise undercard fights for all STRIKEFORCE events live on SHOWTIME EXTREME. The live SHO Extreme preliminary telecasts will afford network subscribers with expanded live fight coverage by up to two hours and provide invaluable exposure for the sport's next generation of STRIKEFORCE contenders.

Under the new deal, the World Grand Prix Heavyweight Tournament champion will be determined when Josh Barnett battles Daniel Cormier. The winner will compete again on SHOWTIME under the STRIKEFORCE banner in the months to follow.

"Since its advent on SHOWTIME in 2007, live mixed martial arts has always performed well with our subscribers, particularly in the younger demographics," said Espinoza, who now heads the division of the network responsible for programming live boxing, studio shows from National Football League and NASCAR as well as multiple sports documentary series. "As the one and only premium network in the MMA business, we are proud to renew our commitment to the sport and to our partners at Strikeforce. This agreement ensures that we can continue to deliver the edge-of-your-seat programming that each live MMA event produces in the New Year and beyond.

"This exciting announcement could not have come at a better time," he continued. "During our nationwide Free Preview Weekend a whole new crop of MMA fans will have the opportunity to sample the Strikeforce brand free of charge."

"We're excited about this renewal with SHOWTIME and I expect to put on some big STRIKEFORCE events next year," White said. "I never thought I would say this, but I am very much looking forward to building STRIKEFORCE and working very closely with SHOWTIME."

"SHOWTIME has been a great TV partner for us and we're happy to renew our agreement with them," Coker said. "Together, we've put on some really amazing events and we're going to keep doing that with this new deal. We have a great core of talented fighters on our roster and MMA fans are in for a real treat."

STRIKEFORCE(R): MELENDEZ vs. MASVIDAL airs live on SHOWTIME this Saturday at 10:30 p.m. ET/PT (delayed on West Coast) as lightweight champion Gilbert Melendez defends the title against hard-hitting contender Jorge Masvidal. In the night's co-main event, women's featherweight champion Cris "Cyborg" Santos meets gifted Japanese star Hiroko Yamanaka.

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About STRIKEFORCE(R) - www.strikeforce.com

Owned and operated by Forza, LLC, a subsidiary of Zuffa, LLC, which also owns the Ultimate Fighting Championship(R) brand, STRIKEFORCE(R) is a world-class mixed martial arts promotion based in Las Vegas, Nev. that currently holds live events annually across the United States. First established as a mixed martial arts entity in 2006, STRIKEFORCE now broadcasts its events live on Showtime(R) Networks, Inc. and has produced two live, primetime events on the CBS Television Network. With a growing roster featuring the world's elite competitors, STRIKEFORCE has cemented its place as a leader in providing quality mixed martial arts action.

About Showtime Networks Inc.

Showtime Networks Inc. (SNI), a wholly-owned subsidiary of CBS Corporation, owns and operates the premium television networks SHOWTIME(R), THE MOVIE CHANNEL(TM) and FLIX(R), as well as the multiplex channels SHOWTIME 2(TM), SHOWTIME(R) SHOWCASE, SHOWTIME EXTREME(R), SHOWTIME BEYOND(R), SHOWTIME NEXT(R), SHOWTIME WOMEN(R), SHOWTIME FAMILY ZONE(R) and THE MOVIE CHANNEL(TM) XTRA. SNI also offers SHOWTIME HD(TM), THE MOVIE CHANNEL(TM) HD, SHOWTIME ON DEMAND(R) and THE MOVIE CHANNEL(TM) ON DEMAND. SNI also manages Smithsonian Networks, a joint venture between SNI and the Smithsonian Institution, which offers Smithsonian Channel(TM). All SNI feeds provide enhanced sound using Dolby Digital 5.1. SNI markets and distributes sports and entertainment events for exhibition to subscribers on a pay-per-view basis through SHOWTIME PPV(R).