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PARAMOUNT COMMUNICATIONS ANNOUNCES CALL FOR NOTE REDEMPTION

 NEW YORK, May 24 /PRNewswire/ -- Paramount Communications (NYSE: PCI) today announced that it will call for redemption on July 1, 1993, all of its outstanding 8-1/2 percent Senior Notes due July 1, 1996. The redemption price is 100 percent of the principal amount. Interest on the Notes will be paid to July 1, 1993, to holders of record. There are $100,000,000 of the 8-1/2 percent Senior Notes outstanding.
 -0- 5/24/93
 /CONTACT: Carl Folta of Paramount Communications, 212-373-8530/
 (PCI)


CO: Paramount Communications ST: New York IN: ENT SU:

SH -- NY068 -- 3399 05/24/93 13:34 EDT
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Publication:PR Newswire
Date:May 24, 1993
Words:102
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