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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.
    -0-        11/18/91
    /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
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 18, 1991
Words:168
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