News from VIACOM
               VIACOM COMPLETES MERGER WITH BLOCKBUSTER
        --Combined Company Has Capitalization of $26 Billion--

  New York, New York, September 29, 1994 -- Viacom Inc. (AMEX: VIA
  and VIAB) and Blockbuster Entertainment Corporation (NYSE: BV)
  have completed their merger, it was announced today by Sumner M.
  Redstone, Chairman of the Board, and Frank J. Biondi, Jr.,
  President and Chief Executive Officer, of Viacom.

  As previously announced, H. Wayne Huizenga, former Chairman of
  the Board and Chief Executive Officer of Blockbuster, has been
  named Vice Chairman of Viacom, as well as Chairman of a newly
  formed unit of the Company, the Blockbuster Entertainment Group.
  Steven R. Berrard, formerly Vice Chairman, President and Chief
  Operating Officer of Blockbuster, will serve as President and
  Chief Executive Officer of the Blockbuster Entertainment Group.

  The merger was approved by holders of Viacom Class A Common Stock
  and stockholders of Blockbuster at Viacom's Special Meeting of
  Stockholders held today in New York City and Blockbuster's
  Special Meeting of Stockholders held today in Fort Lauderdale,
  Florida.  A total of 50,726,022 shares, or 95%, of the
  outstanding Viacom Class A shares, approved the merger.  A total
  of 147,122,912 shares, or 57.7%, of the outstanding Blockbuster
  shares, approved the merger.

  In making the announcement, Mr. Redstone said, "With the
  completion of Viacom's merger with Blockbuster, we have created a
  single, incomparable, global media colossus.  The new Viacom not
  only controls many of the world's most valuable and recognizable
  entertainment and publishing brands, but also has the
  distribution, size and scope to drive these brands into every
  region of the world.  With pro forma combined  capitalization of
  $26 billion at June 30, 1994, Viacom is positioned to become the
  fastest growing media company in the world."

  Mr. Biondi said, "We are moving aggressively to consolidate
  Viacom and Blockbuster, implement new cross-divisional projects
  at our existing operations, and capitalize on new opportunities -
  - just as we did immediately following our acquisition of
  Paramount.  In addition, one of our highest priorities will be to
  continue with our financial restructuring program to reduce the
  cost of our debt and enhance our financial flexibility, thereby
  enabling us to reinvest in the continued expansion of our core
  business."

  Mr. Huizenga said, "The completion of this merger creates an
  array of new opportunities for Blockbuster's businesses.  Our
  operations -- and the talented people behind them -- are now part
  of one of the world's largest and most successful entertainment
  companies.  As members of the Viacom family, they will now have
  the chance to expand in new directions and strengthen the
  Blockbuster brand in the growing global entertainment
  marketplace."

  Mr. Berrard said, "Viacom and Blockbuster share remarkably
  similar histories -- both are companies with entrepreneurial
  spirit, creative management teams, a commitment to excellence and
  exceptional financial track records.  Today marks the beginning
  of an exciting new era, one which we firmly believe will yield
  even greater achievements."

  As a result of the merger, each share of Blockbuster stock has
  been converted into the right to receive 0.08 of a share of
  Viacom Class A Common Stock, 0.60615 of a share of Viacom Class B
  Common Stock, and one variable common right (VCR).  Each VCR will
  represent the right to receive up to an additional 0.13829 of a
  share of Viacom Class B Stock, depending upon market prices of
  Viacom Class B Common Stock during the period until September 29,
  1995.

  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 Blockbuster Music; Blockbuster Video; MTV Networks;
  Paramount Parks; Paramount Pictures; Paramount Television;
  Showtime Networks Inc.; Simon & Schuster; Viacom Interactive
  Media; cable systems serving 1.1 million customers; movie screens
  in 11 countries; 14 radio stations; 12 television stations; and
  majority interests in Spelling Entertainment Group and Discovery
  Zone.  National Amusements, Inc., a closely held corporation
  which owns and operates more than 850 movie screens in the U.S.
  and the U.K., is the parent company of Viacom Inc.
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  Contact:           Carl Folta                Hilary Condit
                     212/258-6352              212/258-6346