CBS AND THE RECORDING ACADEMY(R) EXTEND AGREEMENT TO BROADCAST THE GRAMMY AWARDS(R) THROUGH 2026

The Landmark Deal Keeps the GRAMMY Awards on CBS for 54 Years, Establishing a New Record for the Longest Continuous Partnership Between an Awards Show and a Broadcaster in Television History

Agreement Includes Broadcast of Annual GRAMMY(R) Specials

"The 59th Annual Grammy Awards(R)" to Be Broadcast Live on Sunday, Feb. 12, 2017

CBS and The Recording Academy(R) today announced an extended agreement to keep Music's Biggest Night(R) on the CBS Television Network through 2026. The landmark deal will keep the GRAMMY Awards on CBS, its home since 1973, for 54 consecutive years, establishing a new record for the longest continuous partnership between an awards show and a broadcaster in television history.

THE 59TH ANNUAL GRAMMY AWARDS will take place live on Sunday, Feb. 12, 2017, at STAPLES Center in Los Angeles, 8:00-11:30 PM, ET/PT. In addition to the awards broadcast, the agreement includes annual two-hour GRAMMY specials, as well as additional programming opportunities. Details about these additional broadcasts will be announced in the coming months.

"We've called CBS home for more than 40 years, and they have truly become an exceptional partner to The Academy, sharing in our commitment to showcase music's transformative power through our annual telecast," said Neil Portnow, President/CEO of The Recording Academy. "The continuity of this long-standing partnership not only marks an unprecedented milestone in the industry but also enables The Academy to expand its philanthropic works - preserving our musical heritage, supporting music makers in need and putting music in more schools to ensure that it remains a lasting part of our culture. We look forward to the next 10!"

"The broadcast of the Grammys and our long-standing relationship with extraordinary partners at The Recording Academy represent an important part of CBS's past and future, said Leslie Moonves, Chairman of the Board, President and Chief Executive Officer, CBS Corporation. "Everyone at CBS is proud to reach this milestone with Neil and his team, and we look forward to building on this legacy and creating more Grammy moments together well into the next decade and beyond."

The GRAMMY Awards consistently rank as one of television's highest-rated and most-watched specials. "The 58th Annual Grammy Awards" on Feb. 15, 2016, attracted 24.95 million television viewers. Broadcast for the first time on a Monday night, the awards show marked CBS's best Monday in viewers since 1994, and in adults 18-49 (7.7) and adults 25-54 (9.1) since 2005.

About The Recording Academy:

Established in 1957, The Recording Academy is an organization of musicians, songwriters, producers, engineers and recording professionals dedicated to improving the cultural condition and quality of life for music and its makers. Internationally known for the GRAMMY Awards - the preeminent peer-recognized award for musical excellence and the most credible brand in music - The Recording Academy is responsible for groundbreaking professional development, cultural enrichment, advocacy, education and human services programs. The Academy continues to focus on its mission of recognizing musical excellence, advocating for the well-being of music makers and ensuring music remains an indelible part of our culture. For more information about The Academy, please visit www.grammy.com. For breaking news and exclusive content, follow @TheGRAMMYs on Twitter, "like" The GRAMMYs on Facebook and join the GRAMMYs' social communities on Google+, Instagram, Tumblr and YouTube.