Complex sentence: ConocoPhillips's 76 chain owned the naming rights to the tournament, on October 24,2012 DIRECTV and ESPN announced an agreement establishing the broadcast satellite service provider as the title sponsor of the 2012 DIRECTV Classic, formerly the Anaheim Classic.
Split into simpler sentences: ConocoPhillips's 76 chain owned the naming rights to the tournament. On October 24,2012 DIRECTV and ESPN announced an agreement establishing the broadcast satellite service provider as the title sponsor of the 2012 DIRECTV Classic, formerly the Anaheim Classic.