CBS, Turner to share NCAA basketball

By Julianne Pepitone, staff reporter


NEW YORK (CNNMoney.com) -- The NCAA has reached an agreement with CBS and Turner Broadcasting to show the men's college basketball tournament from 2011 to 2024 in a $10.8-billion-dollar deal.

Games will be shown live across four national networks -- CBS and Turner-owned TBS, TNT and truTV -- for the first time in the 73-year-old championship's history, the companies said in a statement released Thursday.

CBS (CBS, Fortune 500) Sports has broadcast the NCAA Division I Men's Basketball Championship since 1982.

Turner Broadcasting is owned by Time Warner (TWX, Fortune 500), the parent company of CNNMoney.com.

Starting in 2011, the opening -, first- and second-round games will be shown nationally on all four networks. CBS and Turner will split coverage of the regional semifinal games.

Through 2015, CBS will broadcast the regional finals, the Final Four and the championship game. Starting in 2016, those games will alternate every year between CBS and Turner's TBS.

The companies also said the NCAA Division I Men's Basketball Committee passed a recommendation late Wednesday to increase the tournament size to 68 teams, from 65, beginning in 2011.

Some news reports had speculated the field size would increase to as many as 96 teams. The Division I Board of Directors will review the committee's recommendation at its April 29 meeting. To top of page

Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Index Last Change % Change
Dow 17,010.57 27.98 0.16%
Nasdaq 4,458.54 13.63 0.31%
S&P 500 1,980.50 1.59 0.08%
Treasuries 2.48 -0.01 -0.32%
Data as of 12:54pm ET
Company Price Change % Change
Frontier Communicati... 6.61 0.67 11.28%
Windstream Holdings ... 11.77 1.24 11.78%
AT&T Inc 36.72 1.07 3.00%
CenturyLink Inc 38.97 1.26 3.34%
Apple Inc 98.58 -0.44 -0.44%
Data as of 12:39pm ET

Sections

UBS is the latest major bank to get sucked into a U.S. probe over 'dark pool' trading venues. More

New annual report from U.S. government shows the long-term prognosis for Medicare has improved thanks to slower health spending, while the outlook for Social Security remains unchanged. More

Amazon's new 3-D Printed Products store offers shoppers over 200 customizable items like toys, jewelry and home decorations. More

These niche sectors are attracting attention -- and, more importantly, money -- from small business lenders. More

Steve Mason, a pastor from California, inherited more than $100,000 in student loan debt when his 27-year-old daughter died suddenly in 2009. With interest and late penalties, the debt has since ballooned to $200,000. More

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.