PARAMOUNT COMMUNICATIONS COMPLETES ACQUISITION OF MACMILLAN COMPUTER PUBLISHING
PARAMOUNT COMMUNICATIONS COMPLETES ACQUISITION
OF MACMILLAN COMPUTER PUBLISHING
NEW YORK, Nov. 18 /PRNewswire/ -- Paramount Communications Inc. (NYSE: PCI) today announced it has completed the purchase of Macmillan Computer Publishing, a leading publisher of personal computer and related technical books, from Macmillan Inc., a subsidiary of Maxwell Communication Corporation plc., for $157.5 million. The companies announced an agreement in principle on Nov. 12.
The operations of Macmillan Computer Publishing, based in Carmel, Ind., will become part of the Professional Information Group of Simon & Schuster, the publishing arm of Paramount Communications. The Macmillan operations and Simon & Schuster's Brady computer book imprint will be combined into a new unit, Prentice Hall Computer Publishing, which will be based in Carmel.
Paramount Communications is a global entertainment and publishing company.
/CONTACT: Nicholas Ashooh, 212-373-8725, or Carl Folta, 212-373-8530, of Paramount Communications/
(PCI) CO: Paramount Communications Inc.; Macmillan Computer Publishing;
Macmillan Inc. ST: New York, Indiana IN: PUB ENT SU: FC-JT -- NY093 -- 4653 11/18/91 17:16 EST