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PARAMOUNT COMMUNICATIONS COMPLETES ACQUISITION OF TELEVISION STATION WKBD IN DETROIT

 NEW YORK, Sept. 1 /PRNewswire/ -- Paramount Communications Inc. (NYSE: PCI) said today that it has completed the previously announced acquisition of television station WKBD in Detroit from Cox Enterprises Inc. for $105 million.
 WKBD, which becomes part of the Paramount Stations Group, is the number one independent station in Detroit, the ninth-largest broadcast market in the U.S., and is among the top five-highest-rated Fox Broadcasting affiliates. The station is the market leader in sports programming, with broadcast rights for the Detroit Red Wings professional hockey, Detroit Pistons professional basketball and pre- season Detroit Lions professional football games. WKBD also has a solid 10 p.m. news program that is highly rated locally and ranks number four among all prime-time independent newscasts in the U.S.
 With the addition of WKBD in Detroit, Paramount's group of stations comprises seven broadcast outlets, four in the country's top 10 television markets, and has a combined reach of TV households in the U.S., of 11 percent. The Paramount Stations Group operates three other Fox affiliates, WTXF in Philadelphia, WLFL in Raleigh/Durham, N.C., and KRRT in San Antonio, Texas; and three independent UHF stations, WDCA in Washington, D.C., KTXA in Dallas and KTXH in Houston.
 In addition to television broadcasting, Paramount Communications is among the top creators of programming both for network and first-run syndication and is a major producer and distributor of motion pictures and home video, and has substantial operations in cable television networks, motion picture theaters, theme parks and live and televised sports and entertainment. The company's Paramount Publishing unit is America's leading publisher of educational materials and has significant operations serving the consumer and business, technical and professional publishing markets.
 -0- 9/1/93
 /CONTACT: Carl Folta of Paramount Communications, 212-373-8530/
 (PCI)


CO: Paramount Communications, Inc.; Cox Enterprises Inc. ST: New York, Michigan IN: ENT SU: TNM

CK-SM -- NY035 -- 7932 09/01/93 11:39 EDT
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Publication:PR Newswire
Date:Sep 1, 1993
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