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): February 16, 1997
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 February 18, 1997, Viacom Inc., a Delaware corporation ("Viacom"),
announced an agreement to sell its ten radio stations to Evergreen Media
Corporation of Los Angeles for $1.075 billion in cash, pursuant to a stock
purchase agreement dated February 16, 1997.
Consummation of the sale is subject to customary closing conditions,
including Federal Communications Commission approval and expiration or
termination of the waiting period under the Hart-Scott-Rodino Antitrust
Improvements Act of 1976.
A copy of the press release issued by Viacom, dated February 18, 1997,
relating to the above-described transaction is attached hereto as Exhibit 99.1.
Item 7. Financial Statements and Exhibits.
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(c) The following exhibit is filed as part of this report on Form 8-K:
99.1 Press Release issued by Viacom dated February 18, 1997.
SIGNATURE
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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: February 18, 1997 By: /s/ Michael D. Fricklas
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Name: Michael D. Fricklas
Title: Senior Vice President,
Deputy General Counsel
EXHIBIT INDEX
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Exhibit No. Description
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99.1 Press Release issued by Viacom Inc. dated February 18, 1997