U.S. SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                  FORM 12b-25

                          NOTIFICATION OF LATE FILING

                                  (Check One):

                [ ] Form 10-K and Form 10-KSB [ ] Form 20-F [ ]
                  Form 11-K [X] Form 10-Q and Form 10-QSB [ ]
                                   Form N-SAR


For Period Ended: September 30, 1994

[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR

For the Transition Period Ended: ..............................................

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Read Attached Instruction Sheet Before Preparing Form.  Please Print or Type.

Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.

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If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:.................................

...............................................................................






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Part I--Registrant Information

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Full Name of Registrant: Paramount Communications Inc.
Former Name if Applicable:

...............................................................................

Address of Principal Executive Office (Street and Number):

1515 Broadway

City, State and Zip Code

New York, NY  10036
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Part II--Rules 12b-25(b) and (c)

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If the subject report could not be filed without  unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)

[X]     (a)      The reasons  described in reasonable  detail in Part III of
                 this form could not be eliminated without  unreasonable  effort
                 or expense;

[X]     (b)      The subject annual report,  semi-annual report,  transition
                 report on Form 10-K,  Form 20-F, 11-K or Form N-SAR, or portion
                 thereof will be filed on or before the  fifteenth  calendar day
                 following the  prescribed  due date;  or the subject  quarterly
                 report or transition  report on Form 10-Q,  or portion  thereof
                 will be filed on or before the fifth calendar day following the
                 prescribed due date; and

[ ]     (c)      The  accountant's  statement or other exhibit required by
                 Rule 12b-25(c) has been attached if applicable.





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Part III--Narrative

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State below in  reasonable  detail the  reasons  why Form 10-K and Form  10-KSB,
20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion
thereof could not be filed within the prescribed period.
              
                                                 (Attach Extra Sheets if Needed)
Additional  time is required to work through the extensive  accounting and other
issues  involved in  connection  with Viacom  Inc.'s  mergers  with  Blockbuster
Entertainment Corporation and Paramount Communications Inc.

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Part IV--Other Information

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     (1) Name and  telephone  number  of  person  to  contact  in regard to this
notification

         Kevin Lavan             (212) 258-6000
         (Name)          (Area Code)  (Telephone Number)

     (2) Have all other periodic  reports  required under section 13 or 15(d) of
the Securities  Exchange Act of 1934 or section 30 of the Investment Company Act
of 1940  during the  preceding  12 months or for such  shorter  period  that the
registrant was required to file such report(s) been filed?  If the answer is no,
identify report(s).

                                                        [X] Yes  [ ] No

     (3) Is it anticipated that any significant  change in results of operations
from the corresponding  period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?

                                                        [X]  Yes [ ] No

     If so: attach an explanation of the anticipated  change,  both  narratively
and  quantitatively,  and, if  appropriate,  state the reasons why a  reasonable
estimate of the results cannot be made. See Schedule I attached hereto.




                         PARAMOUNT COMMUNICATIONS INC.
                  (Name of Registrant as specified in charter)

has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.


Date:   November 14, 1994          By: /s/ Kevin Lavan
                                       Vice President, Controller and 
                                       Chief Accounting Officer

INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly  authorized  representative.  The name and title of the person
signing  the form  shall  be typed or  printed  beneath  the  signature.  If the
statement is signed on behalf of the registrant by an authorized  representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.

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                                   ATTENTION
     Intentional  misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001).

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                                                                   Schedule I
                                                                   ---------- 
On September 29, 1994,  Blockbuster  Entertainment  Corporation  ("Blockbuster")
merged  with  and  into  Viacom  Inc.  ("Viacom").  On July 7,  1994,  Paramount
Communications Inc. ("Paramount") merged with and into a wholly owned subsidiary
of Viacom and Paramount became a wholly owned subsidiary of Viacom.

As a result of the  acquisitions and  consolidations  of each of Blockbuster and
Paramount,  Viacom's  financial  results  are  subject to  significant  purchase
accounting  adjustments.  Because of the  significance  of such  adjustments and
because such  adjustments have not been finalized as of the date of this filing,
Viacom is unable to prepare a meaningful  estimate of its operating results.  At
such time as the purchase accounting adjustments are finalized, Viacom will file
its actual results of operations with the Securities and Exchange Commission.