CBS takes a risk by relocating several hits

TBS, meanwhile, touted its new competition series "King of the Nerds" and the newly green-lighted "Deon Cole's Black Box" — in the vein of "The Soup" and "Tosh 2.0" — and "Who Gets the Last Laugh?" That's in addition to its acquisition of ABC's "Cougar Town," which will roll out in 2013.

"Everyone at 'Cougar Town' is thrilled to be part of the home at TBS," star Courtney Cox told the crowd.

Also announced Wednesday was a collaboration initiative among TBS, Adult Swim (along with select Turner digital properties) and the website Funny Or Die to help boost the digital content provider's sales.

The deal gives Turner Broadcasting a minority equity stake in the humor site, and makes the broadcaster's sales team the exclusive seller of advertising opportunities with Funny Or Die.

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