EXHIBIT 99.1



                  VIACOM TO SELL CABLE SYSTEMS TO MITGO CORP.
                            AND INTERMEDIA PARTNERS



     New York, New York,  January 20, 1995 -- Viacom Inc.  (AMEX:  VIA and VIAB)
and Mitgo Corp., a company wholly owned by Frank  Washington,  and affiliates of
InterMedia  Partners,  announced  today  that  they  have  signed  a  definitive
agreement  under which  Viacom will sell its cable  systems  serving 1.1 million
customers  to a  partnership,  of  which  Mitgo  is  the  general  partner,  for
approximately  $2.3 billion in cash. At the election of the  partnership,  up to
$600 million of the consideration can be paid in secured short-term debt.

     The  transaction  is subject to  customary  conditions,  approvals of local
franchise  authorities  and  receipt  of a  tax  certificate  from  the  Federal
Communications Commission.  Viacom said proceeds from the transaction,  which is
expected to be completed in the second half of 1995,  will  initially be used to
repay debt.

     In making the  announcement,  Sumner M. Redstone,  Chairman of the Board of
Viacom  Inc.,  said  "Viacom is a  software-driven  company  and this  agreement
dramatically  demonstrates our commitment to reinvesting in our core businesses.
This  transaction  also is a significant  step,  both in realizing our strategic
focus and in dramatically improving our capital structure for both the short and
long term."

     Frank J. Biondi, Jr., President and Chief Executive Officer of Viacom Inc.,
said  "Viacom's  expansion  during  the last  year has  created  an array of new
opportunities  for our company and this agreement enables us to dedicate more of
our resources to the creation of content. For Mitgo and InterMedia,  these cable
operations  will be a core  business  and they will receive the  commitment  and
attention they require to continue their record of providing the highest quality
services to their customers."

     Under the terms of the  agreement,  the Viacom  systems in  Seattle-Tacoma,
Northern California,  Salem and Dayton will be purchased by RCS Pacific, L.P., a
partnership owned by Mitgo and InterMedia. Mitgo will be the general partner and
InterMedia   Partners   will  be  the   limited   partner.   A   subsidiary   of
Tele-Communications  Inc. is one of the  limited  partners  of  InterMedia.  The
Nashville  system will be purchased by RCS Nashville,  L.P., of which Mitgo will
similarly be the general partner and InterMedia will be the limited partner.

     Viacom Inc.  is one of the world's  largest  entertainment  and  publishing
companies and a leading force in nearly every segment of the international media
marketplace.  The operations of Viacom include  Blockbuster  Music,  Blockbuster
Video, MTV Networks,  Paramount Parks, Paramount Pictures, Paramount Television,
Showtime  Networks,  Simon & Schuster and Viacom  Interactive  Media, as well as
radio and television  stations,  and movie screens in 11 countries.  Viacom also
has a substantial interest in Discovery Zone and a majority interest in Spelling
Entertainment Group. National Amusements, Inc., a closely held corporation which
owns and operates  approximately  900 movie screens in the U.S. and the U.K., is
the parent company of Viacom.

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Contact:                Carl Folta                      Mark Harrad
                        212/258-6352                    212/258-6343