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PARAMOUNT COMMUNICATIONS CORRECTS REUTERS REPORT

 NEW YORK, Sept. 23 /PRNewswire/ -- The following was released today by Paramount Communications Inc. (PCI):
 Paramount Communications Inc. today corrected a report which appeared on Reuters last night, inaccurately quoting from a Variety gossip column, which subsequently aired on CNBC, that mistakenly identified Marvin Davis as chairman of Paramount Communications. The Variety column said that Marvin Davis thinks there will be more bidders for Paramount and that he was asked to be part of another group looking to buy in. Paramount has not heard from Marvin Davis nor any group associated with him, and has no reason to believe it will.
 -0- 9/23/93
 /CONTACT: Jerry Sherman of Paramount Communications Inc., 212-373-8725, or Jeffrey Z. Taufield of Kekst and Company, 212-593-2655/
 (PCI)


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

CK -- NY050 -- 5229 09/23/93 13:00 EDT
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Publication:PR Newswire
Date:Sep 23, 1993
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