SHOWTIME SPORTS(R) AND M-1 GLOBAL ANNOUNCE M-1 CHALLENGE EVENT TO AIRLIVE ON SHOWTIME(R)

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NEW YORK (Feb. 24, 2011) – SHOWTIME Sports and M-1 GLOBAL announced today an upcoming mixed martial arts (MMA) event entitled M-1 Challenge: Damkovsky vs. Figueroa featuring two M-1 GLOBAL title fights. The bouts will air LIVE on SHOWTIME on Friday, March 25 at 11 p.m. ET/PT (delayed on the West Coast).

Artiom Damkovsky will defend his M-1 Challenge Lightweight (155 lbs.) championship against Jose Figueroa, while Tyson Jeffries and Magomed Sultanakhmedov will battle for the vacant M-1 Challenge Middleweight (185 lbs.) belt from Constant Center in Norfolk, Va.

In other action, Alexander Sarnavskiy will take on Josh Bacallao in a lightweight scrap and Vinny Magalhaes will fight an opponent to be named in a light heavyweight (205 lbs.) matchup.

“I am extremely happy about the venture between M-1 Global and SHOWTIME. There is no better TV network for M-1 than SHOWTIME. And no better market to seriously compete in than the U.S.,” said Vadim Finkelchtein, co-founder of M-1 GLOBAL.

“Our ability to televise quality boxing and MMA fights at the highest level has been aided tremendously by our commitment to showcasing prospects and lesser known international stars on our feeder series like ShoBox: The New Generation and STRIKEFORCE Challengers,” said Ken Hershman, Executive Vice President and General Manager of SHOWTIME Sports. “M-1 Challenge events fit perfectly into that mold and will enhance our mixed martial arts offerings even further.”

Mauro Ranallo will call the action from ringside with Pat Miletich serving as analyst. The telecast will be produced by Chuck McKean and directed by Craig Farrell. The executive producer of SHOWTIME Sports is David Dinkins, Jr.

For information on SHOWTIME Sports programming, including exclusive behind-the-scenes video and photo galleries, complete telecast information and more, please go to the new SHOWTIME Sports website at http://www.sho.com/sports.

About Showtime Networks Inc.

Showtime Networks Inc. (SNI), a wholly-owned subsidiary of CBS Corporation, owns and operates the premium television networks SHOWTIME®, THE MOVIE CHANNEL™ and FLIX®, as well as the multiplex channels SHOWTIME 2™, SHOWTIME® SHOWCASE, SHOWTIME EXTREME®, SHOWTIME BEYOND®, SHOWTIME NEXT®, SHOWTIME WOMEN®, SHOWTIME FAMILY ZONE® and THE MOVIE CHANNEL™ XTRA. SNI also offers SHOWTIME HD™, THE MOVIE CHANNEL™ HD, SHOWTIME ON DEMAND® and THE MOVIE CHANNEL™ ON DEMAND. SNI also manages Smithsonian Networks, a joint venture between SNI and the Smithsonian Institution, which offers Smithsonian Channel™. All SNI feeds provide enhanced sound using Dolby Digital 5.1. SNI markets and distributes sports and entertainment events for exhibition to subscribers on a pay-per-view basis through SHOWTIME PPV®.

About M-1 Global

Founded in 1998, M-1 Global (www.M-1Global.com) has established itself in the realm of mixed martial arts (MMA) as the premiere entity for discovering and developing the world’s next-generation of superstar fighters. With offices in St. Petersburg, Amsterdam, New York City, Washington DC, Los Angeles and affiliates in Kuala Lumpur, Seoul, Tokyo and Paris, the M-1 brand has staged over 70 events worldwide including the M-1 Selection and M-1 Challenge events and its co-produced Strikeforce events in the United States. Captivating the live, television and broadband audiences with its superior production values and match-ups, M-1 events boast some of the sport’s top names including Fedor Emelianenko, Andrei Arlovski, Aleksander Emelianenko, Gegard Mousasi, Alistair Overeem, Ben Rothwell, Melvin Manhoef, Roman Zentsov, Stephan Struve and rising stars Shamil Zavurov, Byron Byrd, Alexander Sarnavskiy and Vinny Magalhaes. 2011 marks a breakthrough year with two Selections tournaments across Eastern & Western Europe, North America and Asia and a full calendar of Challenge events fuelled by a talent-rich contention system ranking M-1 Global’s Champions amongst the greatest in the sport.

M-1 Global’s greatest asset is the number one heavyweight fighter in mixed martial arts history, Fedor Emelianenko. With daily coverage on all MMA-related websites in the world, and articles in Time Magazine, LA times and New York Times, Fedor and M-1 Global make a lifetime match serving as the catalyst to grow MMA in the 21st century.

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