EXHIBIT 99 (b)
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               VIACOM AGREES TO SELL WTXF-TV IN PHILADELPHIA TO FOX

            New York, New York, August 31, 1994 -- Viacom Inc. (AMEX:
            VIA and VIAB) announced today that it has agreed to sell
            the assets of television station WTXF in Philadelphia to
            Fox Television Stations, Inc. for $200 million and other
            consideration.  The transaction is subject to regulatory
            approvals.  WTXF will continue to be operated as an
            affiliate of the Fox Broadcasting Company and is the new
            home of the Philadelphia Eagles.

            WTXF-29 is part of Viacom's Paramount Television Group. 
            The group includes three NBC affiliates, WVIT-TV,
            Hartford, CT; WNYT-TV, Albany, NY; and WHEC-TV, Rochester,
            NY; two CBS affiliates, KMOV-TV, St. Louis, and KSLA-TV,
            Shreveport, LA; and three Fox affiliates, WKBD-TV,
            Detroit, MI; WLFL-TV, Raleigh/Durham, NC; and KRRT-TV, San
            Antonio, TX.  The group also includes three independent
            stations, KTXA, Dallas, TX; KTXH, Houston, TX; and WDCA,
            Washington, D.C..  Viacom recently reached agreements to
            sell its Raleigh/Durham and San Antonio stations.

            At Viacom's election, WTXF in Philadelphia may become a
            secondary affiliate of the United/Paramount network for a
            specified period.  The United/Paramount network is
            scheduled to launch in January 1995.

                                      -more-


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            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 Paramount Pictures; Paramount
            Television; MTV Networks; Showtime Networks Inc.; Simon &
            Schuster; Viacom Interactive Media; five regional theme
            parks; movie screens in 11 countries; cable systems
            serving 1.1 million customers; 12 television stations; and
            14 radio stations.  Blockbuster Entertainment Corporation
            is expected to merge into Viacom Inc. following a vote of 
            the shareholders of both companies on September 29, 1994. 
            National Amusements, Inc., a closely held corporation
            which owns and operates nearly 850 movie screens in the
            U.S. and the U.K., is the parent company of Viacom Inc.



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            Contact:  Viacom Inc.              Paramount Television Group
                      Nancy Bushkin            John Wentworth
                      212/258-6362             213/956-5394

                      Fox Inc.
                      Dennis Petrofskey
                      310/203-1755






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