The Pac-12 conference has announced a “landmark media rights deal” with ESPN and Fox Sports Group. The conference also announced the creation of Pac-12 Media Enterprises, which will own the Pac-12 Network, the Pac-12 Digital Network, and Pac-12 Properties.

Pac-12 Commissioner Larry Scott called this a “landmark deal” because the “Pac-12’s member institutions would, for the first time ever, share equally in the revenue from the new arrangement, and that the equal revenue distribution would start immediately when the deal goes into effect in 2012.”

Also noted in the announcement, the Pac-12 Football Championship Game will be played on Friday beginning with the 2012 season.

Listed below are details of the Pac-12 media deal from the release:

• 44 regular-season football games televised annually on select ESPN and FOX broadcast or national cable networks, including ABC, ESPN, ESPN2, ESPNU, FOX broadcast network and FX.
• 10 regular-season football games per year will be on a combination of the ABC and FOX broadcast networks with full national clearance with a substantial commitment for primetime coverage.
• 34 regular-season games on national cable networks, FX, ESPN, ESPN2 and ESPNU.
• The remaining regular-season football games, an average of approximately three games per week, will be featured exclusively on the Pac-12 Network.
• The Pac-12 Football Championship Game, starting with FOX Sports in 2012 (FOX already has rights to the inaugural 2011 game) and then rotating between FOX Sports and ESPN each year. The game will take place on a Friday night primetime.
• 68 regular-season men’s basketball games, appearing on ESPN, ESPN2, ESPNU and Fox Sports Net.
• The balance of regular-season men’s basketball games, over 120 each year, will be featured exclusively on either the Pac-12 Network or Pac 12 Digital Network.
• The Conference’s men’s basketball tournament (quarterfinals, semi-finals and the championship game) will be shown on ESPN/ESPN2 or FOX Sports/FX.  ESPN will broadcast the first basketball championships and then rotate with FOX/FX each year thereafter. The balance of the tournament will be featured exclusively on the Pac 12 Network. Fox Sports Net continues to hold all rights to the 2012 tournament.
• Five women’s basketball games, including the Championship game of the Pac-12 women’s basketball tournament, plus 10 more Olympic sports events, on the ESPN family of networks.
• The Pac-12 Network will exclusively feature approximately another 200 live Olympic sports telecasts across 30 men’s and women’s sports annually.
• The Pac-12 Digital Networks will feature several hundred other live Pac-12 athletic events on an annual basis, not covered by ESPN, FOX Sports or the Pac-12 Network.