SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
__________________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported): March 15, 1995
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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Page 1 of 5 Pages
Exhibit Index Appears on Page 4
Item 5. Other Events
On March 10, 1995, Viacom Inc. ("Viacom") completed the sale of the
operations of Madison Square Garden to a partnership of ITT Corporation and
Cablevision Systems Corporation for $1.075 billion. In accordance with the terms
of the transaction, the net proceeds were adjusted by approximately $66 million,
reflecting changes in working capital.
A copy of the press release by Viacom, dated March 10, 1995, relating to
the above-described transaction is attached hereto as Exhibit 99.1 and is
incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) The following exhibit is filed as part of this report on Form 8-K:
Exhibit 99.1 Press release by Viacom Inc., dated March 10, 1995.
Page 2 of 5 Pages
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: March 15, 1995 By: /s/ Michael D. Fricklas
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Michael D. Fricklas
Senior Vice President,
Deputy General Counsel
Page 3 of 5 Pages
EXHIBIT INDEX
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Exhibit No. Description Page
Exhibit 99.1 Press Release by Viacom Inc. dated
March 10, 1995
Page 4 of 5 Pages