It appears that Comcast and CBS have worked out a quid pro quo kind of deal that will aid both of their cable network properties.  Basically, CBS is going to farm out additional hours of PGA Tour coverage for the Golf Channel's air and Comcast is going to put CBS' struggling CBS College Sports into more homes.

Jon Show and John Ourand explain at SBJ:

Golf Channel will get an influx of additional PGA Tour programming as it will telecast early-hour weekend coverage of 12 Tour events that air on CBS next season thanks to a multifaceted arrangement between the networks. As part of the deal, Golf Channel parent Comcast will launch CBS College Sports in an extra 2 million homes, bringing the cable channel’s total to 25 million.

More from the piece:

Golf Channel’s 2 1/2-hour windows start at 12:30 p.m. and will feature live action, interviews and analysis. Golf Channel had requested to staff the telecasts with CBS talent Jim Nantz and Nick Faldo. Faldo already works for both networks, but it’s unclear whether either announcer will be available for Golf Channel’s coverage.

The 2009 television schedule has not been released, but CBS, which aired 22 PGA Tour events this year, usually comes on the air for three hours beginning at 3 p.m. The 12 tournaments have not been selected, but will likely include the six CBS events in which Tiger Woods has played in the past and the first of the four FedEx Cup playoffs.

Bad news bears for fans of any of golf tour, and I'm sure that the European Tour will not be very happy with this.  In fact, I would start to think that the European Tour might want to seek out some additional options for broadcasts.  Same for the LPGA Tour.  Show has been reporting for some time that the Golf Channel is clubhouse leader for the LPGA cable deal starting in 2010.  But, this would lead me to the conclusion that TGC is most interested in the PGA Tour - for obvious reasons, primarily the ease of selling out ad time.