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                                  Exhibit 99.1
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                   VIACOM COMPLETES TENDER OFFER FOR SPELLING


New York, NY, June 21, 1999 -- Viacom Inc. (NYSE: VIA, VIA.B) announced today
that it has completed its tender offer for all outstanding shares of common
stock of Spelling Entertainment Group Inc. (NYSE: SP, PSE: SP) that it does not
already own for $9.75 per share in cash. The tender offer expired as scheduled
at 12:00 midnight, New York City time, on Friday, June 18, 1999. Based on a
preliminary count, 15,492,326 shares of Spelling common stock were tendered (of
which 423,520 shares were tendered pursuant to notices of guaranteed delivery).
The tendered shares along with the shares of common stock already owned by
Viacom represent approximately 97.2% of all of the issued and outstanding shares
of Spelling. All shares validly tendered and not withdrawn prior to the
expiration of the tender offer were accepted for payment.

The tender offer was made under the terms of a merger agreement between Spelling
and Viacom. Also under that merger agreement, Viacom will acquire all of the
remaining shares of Spelling it does not own in a merger to take place later
this week. In the merger, all remaining shares of Spelling not purchased in the
offer (other than those held by Viacom) will be converted into the right to
receive $9.75 per share in cash, subject to dissenter's 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:
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Susan Duffy
(212) 258-6347