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Viacom isn't commenting - Viacom Inc.'s planned divestment of Simon & Schuster publishing operation

Television Digest with Consumer Electronics, Jan 5, 1998

Viacom isn't commenting on reports that it's considering selling Simon & Schuster publishing operation, valued at $4 billion. Viacom acquired publisher as part of $10-billion purchase of Paramount. Viacom and Time Warner, meanwhile, said they completed previously announced sale of jointly owned Cinamerica Theatres to WestStar Holdings. Cinamerica has 62 theaters with 374 screens.

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