SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Date of Report (date of earliest event reported): December 15, 1994
VIACOM INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-9553 04-2949533
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
1515 Broadway, New York, New York 10036
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 258-6000
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Item 5. Other Events
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On December 14, 1994, the Boards of Directors of Viacom Inc., Viacom
International Inc. and Paramount Communications Inc. each unanimously approved
the institution of guarantees whereby each company will guarantee all of the
outstanding indebtedness of each other. The guarantees we xecuted on December
15, 1994.
Copies of the guarantees are attached as exhibits hereto and are
incorporated by reference herein.
Item 7. Financial Statements and Exhibits
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(c) Exhibits.
99.1 Guarantee dated as of December 15, 1994 made by Viacom Inc. in favor of
of the holders of the 7-1/2% Senior Notes of Paramount Communications Inc.
("Paramount"), the 8-1/4% Senior Debentures of Paramount, the 7-1/2%
Senior Debentures of Paramount and the 5-7/8% Senior Notes of Paramount
99.2 Guarantee dated as of December 15, 1994 made by Viacom Inc. in favor
of of Massachusetts Mutual Life Insurance Company as holder of the 8.30%
Senior ESOP Note of Paramount Communications Inc.
99.3 Guarantee dated as of December 15, 1994 made by made by Viacom
Inc. in favor of the holders of the 7% Subordinated Debentures, Series
A of Paramount Communications Inc.
99.4 Guarantee dated as of December 15, 1994 made by Viacom Inc.
in favor of the holders of the 7% Subordinated Debentures, Series
B of Paramount Communications Inc.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
VIACOM INC.
Date: December 15, 1994 By: /s/ Michael D. Fricklas
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Name: Michael D. Fricklas
Title: Senior Vice President,
Deputy General Counsel
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EXHIBIT INDEX
Exhibit No. Description Page No.
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99.1 Guarantee dated as of December 15, 1994
made by Viacom Inc. in favor of the
holders of the 7-1/2% Senior Notes of
Paramount Communications Inc.
("Paramount"), the 8-1/4% Senior
Debentures of Paramount, the 7-1/2%
Senior Debentures of Paramount and the
5-7/8% Senior Notes of Paramount
99.2 Guarantee dated as of December 15, 1994
made by Viacom Inc. in favor of
Massachusetts Mutual Life Insurance
Company as holder of the 8.30% Senior
ESOP Note of Paramount Communications
Inc.
99.3 Guarantee dated as of December 15, 1994
made by Viacom Inc. in favor of the
holders of the 7% Subordinated
Debentures, Series A of Paramount
Communications Inc.
99.4 Guarantee dated as of December 15, 1994
made by Viacom Inc. in favor of the
holders of the 7% Subordinated
Debentures, Series B of Paramount
Communications Inc.
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