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The Producers Guild of America (PGA) announced today that President and CEO of CBS Corporation Leslie Moonves will be honored with the 2012 Milestone Award. The award will be presented to Moonves at the 23rd Annual Producers Guild Awards ceremony on Saturday, January 21st at the Beverly Hilton Hotel in Los Angeles.

The Milestone Award is the Guild's highest honor recognizing an individual who has made
historic contributions to the entertainment industry. In the past, The Producers Guild has paid
tribute to such luminaries as Clint Eastwood, Alfred Hitchcock, Jeffrey Katzenberg, Ron Howard
& Brian Grazer, Walt Disney and last year's 2011 recipient James Cameron, among others.

"Les Moonves is a true visionary, with the rare combination of exemplary managerial skills,
singular creative instincts and forward thinking leadership of CBS and our industry," said
Producers Guild Awards co-chairs Paula Wagner and Michael Manheim. "Les has continued to
advance the entertainment landscape with his ability to stay at the forefront of new media

ventures, identify strategic acquisitions, recognize unique programming such as 'Survivor' and
'CSI,' and successfully guide his continuously growing team to achieve extraordinary results. We are proud to recognize his contributions to the entertainment industry with the Guild's highest honor."

"I am extremely thankful to the Guild for this recognition, and truly honored to be recognized
alongside the caliber of talent that has received this award previously," said Moonves.

Moonves is President and Chief Executive Officer of CBS Corporation, overseeing all operations
of the company, including the CBS Television Network, Showtime, CBS Radio, Simon &
Schuster and CBS Interactive, among others. Prior to the Viacom separation in 2005, Moonves
served as Co-President and Co-Chief Operating Officer of Viacom and Chairman of CBS,
overseeing all of Viacom's domestic and international broadcast television operations, radio
division and outdoor advertising operations. Moonves was promoted to Chairman and CEO of
CBS in 2003, and prior to that, was President and Chief Executive Officer, CBS Television, a
position he was elevated to in April 1998. He joined CBS in July 1995 as President, CBS
Entertainment.

Under Moonves' guidance, CBS has maintained its dominance as America's #1 TV network,
while the Showtime pay cable network has significantly increased its viewership, subscription
fees and critical acclaim under his watch. The 2008 acquisition of CNET has made CBS one of
the country's top 10 Internet companies. Moonves has also been at the forefront of realizing
subscription fees for broadcast networks through retransmission consent agreements, and has
developed new ways to distribute and monetize content on new and emerging platforms
worldwide. His move to consolidate the company's local TV and radio stations has helped the
company become a leader in local media, and he has spearheaded Simon & Schuster's move into the eBooks marketplace.

He joined CBS from Warner Bros. Television, where as President, he oversaw a television
division that supplied the greatest number of programs to network television for nine consecutive years, culminating in a record-setting 22 series (including "ER," "Friends" and "The Drew Carey Show") on the 1995-96 network schedules. He had been President of Warner Bros. Television since July 1993, when Warner Bros. and Lorimar Television combined operations. From 1989 to 1993, he had been President of Lorimar Television. He joined the company in 1985 as executive in charge of its movies and mini-series, and became head of creative affairs in 1988.

Moonves is on the board of trustees of the Entertainment Industries Council. He is a trustee of the National Council for Families and Television and of the American Film Institute, and is past president of the Hollywood Radio and Television Society. He is also a co-chair on The Paley Center for Media's Los Angeles Board of Governors. In March 2003, Moonves was honored by the International Radio and Television Society as the recipient of the Gold Medal Award, one of most prestigious honors in media and entertainment. Since joining CBS, Moonves has also been named Variety's 'Showman of the Year' and Entertainment Weekly's 'Most Powerful Man in
Hollywood' and received the Casting Society of America's Career Achievement Award. He is
also a past recipient of the American Jewish Committee's Sherrill Corwin Award, given to
outstanding leaders in the entertainment and communications industry.

About the Producers Guild of America
The Producers Guild of America is the non-profit trade group that represents, protects and
promotes the interests of all members of the producing team in film, television and new media.
The PGA has over 4,500 members who work together to protect and improve their careers, the
industry and community by providing members with health benefits, employment opportunities,
the creation of fair and impartial standards for the awarding of producing credits, as well as other education and advocacy efforts such as promoting sustainable production practices. Visit
www.producersguild.org and www.pgagreen.org for more information.

Media Contacts:

Kelly Mullens
42West
(310) 477-4442
kkmullens@42west.net

Brittany Geldmacher
42West
(424) 901-8738
brittany.geldmacher@42west.net