Exhibit 99.2
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                       VIACOM COMPLETES MERGER OF SPELLING

New York, NY, June 24, 1999 - Viacom Inc.  (NYSE:  VIA,  VIA.B)  announced today
that it completed the  acquisition of Spelling  Entertainment  Group Inc. (NYSE,
PSE: SP) through a merger of Spelling and a wholly owned subsidiary of Viacom on
June 23. As a result of the merger,  Viacom owns 100% of Spelling and Spelling's
shares have been delisted from the New York and Pacific Stock Exchanges.

The merger was  previously  approved  by the Boards of  Directors  of Viacom and
Spelling.  As a result of the merger,  each share of Spelling  common  stock was
converted  into the  right to  receive  $9.75 in cash,  subject  to  dissenters'
rights.

Spelling  Entertainment  Group Inc. is a leading  producer  and  distributor  of
television and film entertainment and comprises Spelling Television,  Big Ticket
Television, Worldvision Enterprises and Hamilton Projects. The Company is one of
the largest  producers  of  television  programming  and,  through its  combined
libraries,  controls  approximately  10,000 hours of  programming  for worldwide
distribution.

Viacom Inc.  is one of the  world's  largest  entertainment  companies  and is a
leading force in nearly every segment of the  international  media  marketplace.
The operations of Viacom include Blockbuster,  MTV Networks, Paramount Pictures,
Paramount Television,  Paramount Parks, Showtime Networks,  Simon & Schuster, 19
television  stations,  and  movie  screens  in 12  countries.  Viacom  also owns
half-interests  in Comedy Central,  UPN and UCI.  National  Amusements,  Inc., a
closely held corporation which operates approximately 1,300 screens in the U.S.,
the U.K. and South America,  is the parent company of Viacom.  More  information
about   Viacom   is   available   at  the   Company's   Web  site   located   at
http://www.viacom.com.

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Contact:
Susan Duffy
(212) 258-6347


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