CBS CORPORATION REACHES AGREEMENT WITH AT&T TO JOIN DIRECTV NOW LIVE TV SERVICE

DIRECTV NOW Subscribers Will Have Access to

CBS Television Network's Entertainment, Sports and CBS News Programming as well as SHOWTIME, The CW, CBS Sports Network and Pop

NEW YORK - August 7, 2017 - AT&T (NYSE:T) and CBS Corporation (NYSE: CBS.A and CBS) today announced a new agreement to carry America's most watched broadcast network, CBS, as well as SHOWTIME , The CW, Pop and CBS Sports Network, on AT&T's DIRECTV NOW live TV streaming service. All networks in the deal will be available to stream live, with much of their programming available on demand as well. Financial terms of the agreement were not disclosed.

We are pleased we have reached a deal to make the CBS Television Network, The CW and our cable networks available on DIRECTV NOW, said Ray Hopkins, President, Television Networks Distribution, CBS Corporation. For any bundle to be truly successful, CBS is must-have content, and we are happy that AT&T will bring our hit programming to their DIRECTV NOW offering. This agreement fits perfectly into our strategy to deliver industry-leading content to viewers across multiple platforms and screens.

DIRECTV NOW will feature live streaming of CBS-owned local television stations in many of the largest U.S. markets at launch. All affiliates of CBS and The CW will have the opportunity to participate going forward as well.

With the addition of CBS, DIRECTV NOW subscribers will have live and on-demand access to popular programming, including THE BIG BANG THEORY, television's #1 scripted series recently renewed for two more seasons, and NCIS, broadcast television's #1 drama. Subscribers will also be able to stream new hits like BULL, last season's #1 new drama, and KEVIN CAN WAIT, the #1 new comedy.

CBS' preeminent sports programming, including THE NFL ON CBS (all pre-season, regular and post-season games broadcast on CBS), THURSDAY NIGHT FOOTBALL, the NCAA DIVISION I MEN'S BASKETBALL CHAMPIONSHIP, SEC ON CBS and the most comprehensive golf schedule in network television, and all CBS News programs, including 60 MINUTES, as it celebrates its 50th anniversary and five decades as television's #1 news program, will be offered on the live service. Additionally, subscribers will have access to specials, major annual live events such as The GRAMMYs , and late night programming like THE LATE SHOW with STEPHEN COLBERT, television's #1 late night show, and THE LATE LATE SHOW with JAMES CORDEN.

DIRECTV NOW subscribers will also be able to enjoy The CW's popular line-up of primetime series, including the superhero action of ARROW and THE FLASH, the critically acclaimed, award-winning comedies JANE THE VIRGIN and CRAZY EX-GIRLFRIEND, its breakout hit RIVERDALE and many more.

In addition, SHOWTIME will be offered as an add-on, premium subscription service to those customers who subscribe to DIRECTV NOW. At launch, consumers will have access to the Showtime East feed and thousands of hours of programming on demand, with entire seasons of award-winning original series, including HOMELAND, BILLIONS, TWIN PEAKS, RAY DONOVAN, THE AFFAIR and SHAMELESS, along with hundreds of hit movies, comedy specials, provocative documentaries and hard-hitting sports programming such as INSIDE THE NFL, SHOWTIME CHAMPIONSHIP BOXING , and much more.

Pop, one of the fastest growing cable networks, features premium content and original scripted series, including breakout show SCHITT'S CREEK.

DIRECTV NOW gives users nation-wide access to more than 120 channels, including live sports, more than 25,000 on demand titles, premium channels, popular shows and hit movies. Within minutes of signing up, you can stream premium live content over a U.S. wired or wireless internet connection on a variety of devices, all without the limits of boxes, annual contracts or credit checks.

About AT&T

AT&T Inc. (NYSE:T) helps millions around the globe connect with leading entertainment, business, mobile and high speed internet services. We offer the nation's best data network* and the best global coverage of any U.S. wireless provider. We're one of the world's largest providers of pay TV. We have TV customers in the U.S. and 11 Latin American countries. Nearly 3.5 million companies, from small to large businesses around the globe, turn to AT&T for our highly secure smart solutions.

AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc. Additional information about AT&T products and services is available at about.att.com. Follow our news on Twitter at @ATT, on Facebook at facebook.com/att and on YouTube at youtube.com/att.

2017 AT&T Intellectual Property. All rights reserved. AT&T, the Globe logo and other marks are trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.

*Claim based on the Nielsen Certified Data Network Score. Score includes data reported by wireless consumers in the Nielsen Mobile Insights survey, network measurements from Nielsen Mobile Performance and Nielsen Drive Test Benchmarks for Q4 2016 + Q1 2017 across 121 markets.

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, includin

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