NBC and CBS renew PGA Tour deal
This post has been corrected. See the note at the bottom for details.
Golf fans won't have to tweak how they swing the remote control. The PGA Tour will remain on CBS and NBC through 2021.
The new deal continues a long-term partnership the PGA has had with the two networks. Also part of the deal is the Golf Channel, a cable network that is owned by NBCUniversal, which is a unit of Comcast Corp.
Terms of the contract were not disclosed, but PGA Tour Commissioner Tim Finchem said the rights fees were going to go up in the new pacts. He added that the partnership would significantly increase the amount of charity work the PGA does.
"We can now with confidence expect to reach $2 billion in all-time charitable contributions by 2014 and conceivably reach $3 billion by the end of the term," Finchem said.
CBS will carry about 20 PGA tournaments a year while NBC will run 10 events annually. The Golf Channel will continue to carry early portions of the PGA Tour season as well as have rights to repeats of coverage from NBC and CBS.
For the record, 1:48 p.m. Sept. 1: A previous version of this post misspelled Tim Finchem's name as Tim Finchmen.
-- Joe Flint