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Previous: PARAMOUNT COMMUNICATIONS INC /DE/, NT 10-K/A, 1994-07-29 |
Next: HALLIBURTON CO, 8-K, 1994-07-29 |
<PAGE> 1
================================================================================
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549-1004
--------------------
FORM 10-K/A
AMENDMENT NO. 1
(Mark One)
/ / Annual Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
OR
/ X / Transition Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
For the transition period from May 1, 1993 to March 31, 1994 (1)
Commission file number 1-5404
PARAMOUNT COMMUNICATIONS INC.
(Exact name of registrant as specified in its charter)
<TABLE>
<S> <C>
Delaware 74-1330475
(State or other jurisdiction of (IRS Employer Identification No.)
incorporation or organization)
15 Columbus Circle, New York, New York 10023-7780
(Address of principal executive offices) (Zip Code)
</TABLE>
Registrant's telephone number, including area code 212-373-8000
Securities registered pursuant to Section 12(b) of the Act:
<TABLE>
<CAPTION>
Name of each exchange
Title of each class on which registered
------------------- -------------------
<S> <C> <C>
Common Stock, $1 par value (2) )
7% Subordinated Debentures, Series A due 2003 )
7% Subordinated Debentures, Series B due 2003 ) New York Stock Exchange
Common Stock Purchase Rights (2) )
</TABLE>
--------------------
Securities registered pursuant to Section 12(g) of the Act:
None
Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months, and (2) has been subject to such
filing requirements for the past 90 days. Yes / X / . No / / .
Indicate by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K is not contained herein, and will not be contained,
to the best of registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K. / /
The registrant became a wholly owned subsidiary of Viacom Inc. on
July 7, 1994.
- -------------
(1) The registrant has changed its fiscal year end from April 30 to March
31. This transition report is for the eleven months ended March 31,
1994.
(2) The registrant has filed for delisting of these classes on the New
York Stock Exchange.
================================================================================
<PAGE> 2
PARAMOUNT COMMUNICATIONS INC.
The registrant hereby amends the cover page and the following items, financial
statements, exhibits or other portions of its Transition Report on Form 10-K
for the eleven months ended March 31, 1994, as set forth in the pages attached
hereto:
ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM
8-K.
<TABLE>
<CAPTION>
Page
----
<S> <C> <C>
(a) 1. Financial Statements Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
2. The following financial information is submitted herewith:
Schedules for the eleven months ended or at March 31, 1994, the six months
ended or at April 30, 1993 and the years ended or at October 31, 1992 and 1991:
Reports of Independent Accountants/Auditors . . . . . . . . . . . . . . . . . . . . . . 4
Schedule II -- Amounts Receivable from Related Parties and Underwriters,
Promoters, and Employees Other Than Related Parties . . . . . 6
Schedule VII -- Guarantees of Securities of Other Issuers . . . . . . . . . . . . 14
Schedule VIII -- Valuation and Qualifying Accounts . . . . . . . . . . . . . . . . 15
Schedule IX -- Short-Term Borrowings . . . . . . . . . . . . . . . . . . . . . . 16
Schedule X -- Supplementary Income Statement Information . . . . . . . . . . . 17
Schedules other than those listed above are omitted for the reason that they are not
required or are not applicable, or the required information is included in the
financial statements or in the notes to financial statements or is not significant.
3. Exhibits Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
</TABLE>
(b) Reports on Form 8-K - The following reports on Form 8-K were filed
during the two months ended March 31, 1994:
(i) The registrant filed a Current Report on Form 8-K, dated March
17, 1994, in respect of a change in control of registrant. The
items reported in such Current Report were Item 1 (Changes in
Control of Registrant) and Item 7 (Exhibits).
(ii) The registrant filed a Current Report on Form 8-K, dated March
18, 1994, in respect of a change in registrant's certifying
accountant and a change in fiscal year of the registrant. The
items reported in such Current Report were Item 4 (Changes in
Registrant's Certifying Accountant), Item 7 (Exhibits) and Item
8 (Change in Fiscal Year).
-1-
<PAGE> 3
PARAMOUNT COMMUNICATIONS INC.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this amendment to be signed on its behalf by the
undersigned, thereunto duly authorized.
<TABLE>
<S> <C>
PARAMOUNT COMMUNICATIONS INC.
Date: July 29, 1994 By /s/: GEORGE S. SMITH, JR.
-----------------------------------
GEORGE S. SMITH JR.
Senior Vice President
and Chief Financial Officer
</TABLE>
-2-
<PAGE> 4
PARAMOUNT COMMUNICATIONS INC.
FINANCIAL STATEMENTS INDEX
Reports of Independent Accountants/Auditors
Selected Financial Data
Consolidated Statement of Earnings
Financial Reporting by Business Segments --
Revenues and Operating Income (Loss)
Management's Discussion and Analysis
Consolidated Balance Sheet
Consolidated Statement of Changes in
Stockholders' Equity
Consolidated Statement of Cash Flows
Notes to Consolidated Financial Statements
The above listed consolidated financial statements and accompanying footnotes
were previously filed as part of this transition report on Form 10-K for the
eleven months ended March 31, 1994.
-3-
<PAGE> 5
REPORT OF INDEPENDENT ACCOUNTANTS ON
FINANCIAL STATEMENT SCHEDULES
Stockholders and Board of Directors
Paramount Communications Inc.
Our audit of the consolidated financial statements referred to in our
report dated June 3, 1994 appearing on page F-2 of the March 31, 1994 Form 10-K
also included an audit of the Financial Statement Schedules included in this
filing on Form 10-K/A as listed in the accompanying index. In our opinion,
these Financial Statement Schedules present fairly, in all material respects,
the information set forth therein when read in conjunction with the related
Form 10-K.
Price Waterhouse
New York, New York
June 3, 1994
-4-
<PAGE> 6
REPORT OF INDEPENDENT AUDITORS
Stockholders and Board of Directors
Paramount Communications Inc.
In connection with our audits of the consolidated financial statements
of Paramount Communications Inc. as of April 30, 1993 and October 31, 1992 and
for the six-month period ended April 30, 1993 and for each of the two years in
the period ended October 31, 1992, we have also audited the consolidated
schedules included in this filing on Form 10-K/A as listed in the accompanying
index as of and for the aforementioned periods.
In our opinion, the consolidated schedules referred to above present
fairly, in all material respects, the information required to be stated
therein.
Ernst & Young
New York, New York
August 27, 1993
-5-
<PAGE> 7
SCHEDULE II -- AMOUNTS RECEIVABLE FROM RELATED PARTIES AND UNDERWRITERS,
PROMOTERS, AND EMPLOYEES OTHER THAN RELATED PARTIES
PARAMOUNT COMMUNICATIONS INC.
ELEVEN MONTHS ENDED MARCH 31, 1994
(Dollars in millions)
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------
COL. A COL. B COL. C COL. D
- ------------------------------------------------------------------------------------------------------------------
DEDUCTIONS
--------------------
BALANCE (1) (2)
AT BEGINNING AMOUNTS AMOUNTS
NAME OF DEBTOR OF PERIOD ADDITIONS COLLECTED WRITTEN-OFF
- ------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Greg Anthony: 10% note payable; due in installments
from November 1994 to May 1997 . . . . . . . . . . $ 0.9
Rolando Blackman: 10% note payable; due in
monthly installments from September 15, 1994
to August 15, 1995 . . . . . . . . . . . . . . . . $ 0.2 0.2 $ 0.1
David Checketts: note payable; principal to be
repaid the earlier of December 30, 1997 or 180 days
after termination; interest rate set quarterly based
on the 90 day commercial paper composite rate;
secured by residential real estate . . . . . . . . 0.5
Arthur Cohen: 6% note payable; principal to be repaid
monthly with the balance due on demand or no later
than October 31, 1995 . . . . . . . . . . . . . . 0.1
Patrick Ewing: 10% note payable;
due September 1995 . . . . . . . . . . . . . . . . 3.0
Robert Gutkowski: 6% note payable; due November 1,
1993 . . . . . . . . . . . . . . . . . . . . . . . 0.4 0.4
Michael Keenan: 5% note payable; interest paid quarterly;
principal due June 30, 1998; secured by residential
real estate . . . . . . . . . . . . . . . . . . . 0.9
</TABLE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------
COL. A COL. E
- -----------------------------------------------------------------------------------------
BALANCE AT END OF PERIOD
------------------------
(1) (2)
NAME OF DEBTOR CURRENT NOT CURRENT
- -----------------------------------------------------------------------------------------
<S> <C> <C>
Greg Anthony: 10% note payable; due in installments
from November 1994 to May 1997 . . . . . . . . . . $ 0.2 $ 0.7
Rolando Blackman: 10% note payable; due in
monthly installments from September 15, 1994
to August 15, 1995 . . . . . . . . . . . . . . . . 0.2 0.1
David Checketts: note payable; principal to be
repaid the earlier of December 30, 1997 or 180 days
after termination; interest rate set quarterly based
on the 90 day commercial paper composite rate;
secured by residential real estate . . . . . . . . 0.5
Arthur Cohen: 6% note payable; principal to be repaid
monthly with the balance due on demand or no later
than October 31, 1995 . . . . . . . . . . . . . . 0.1
Patrick Ewing: 10% note payable;
due September 1995 . . . . . . . . . . . . . . . . 3.0
Robert Gutkowski: 6% note payable; due November 1,
1993 . . . . . . . . . . . . . . . . . . . . . . .
Michael Keenan: 5% note payable; interest paid
quarterly; principal due June 30, 1998;
secured by residential real estate . . . . . . . 0.9
</TABLE>
-6-
<PAGE> 8
SCHEDULE II -- AMOUNTS RECEIVABLE FROM RELATED PARTIES AND UNDERWRITERS,
PROMOTERS, AND EMPLOYEES OTHER THAN RELATED PARTIES
PARAMOUNT COMMUNICATIONS INC.
Eleven Months Ended March 31, 1994
(Dollars in millions)
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------
COL. A COL. B COL. C COL. D
- -------------------------------------------------------------------------------------------------------------------
DEDUCTIONS
------------------
BALANCE (1) (2)
AT BEGINNING AMOUNTS AMOUNTS
NAME OF DEBTOR OF PERIOD ADDITIONS COLLECTED WRITTEN-OFF
- -------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Earl Lestz: 8% note payable; principal to be
repaid out of future compensation . . . . . . . 0.4
Anthony Mason: 10% note payable; due in 24 semi-
monthly installments beginning July 15, 1994 . . 0.1 0.5 0.1
Patrick Purcell: 7% note payable; principal to
be repaid out of future compensation;
secured by residential real estate . . . . . . . 0.7 0.1 0.1
Patrick Riley:
Relocation bridge loan; due no later than
August 31, 1994 or 180 days after termination;
interest rate set quarterly based on the 90 day
commercial paper composite rate; secured by
residential real estate . . . . . . . . . . 1.0
Note payable; due no later than December 31, 1996
or 180 days after termination; interest rate set
quarterly based on the 90 day commercial paper
composite rate; secured by residential real
estate . . . . . . . . . . . . . . . . . . . 2.0
Neil Smith: note payable; principal to be repaid
180 days after termination of employment;
interest rate set quarterly based on the 90 day
commercial paper composite rate; secured by
residential real estate . . . . . . . . . . . . 0.4
Esa Tikkanen: note payable; due in 24 installments
from October 1993 to October 1995 . . . . . . . 0.8 0.4
----- ----- -----
$ 8.8 $ 3.4 $ 1.1
===== ===== =====
</TABLE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------
COL. A COL. E
- ----------------------------------------------------------------------------------------
BALANCE AT END OF PERIOD
------------------------
(1) (2)
NAME OF DEBTOR CURRENT NOT CURRENT
- ----------------------------------------------------------------------------------------
<S> <C> <C>
Earl Lestz: 8% note payable; principal to be
repaid out of future compensation . . . . . . . 0.4
Anthony Mason: 10% note payable; due in 24 semi-
monthly installments beginning July 15, 1994 . . 0.4 0.1
Patrick Purcell: 7% note payable; principal to
be repaid out of future compensation;
secured by residential real estate . . . . . . . 0.1 0.6
Patrick Riley:
Relocation bridge loan; due no later than
August 31, 1994 or 180 days after termination;
interest rate set quarterly based on the 90
day commercial paper composite rate; secured
by residential real estate . . . . . . . . . 1.0
Note payable; due no later than December 31, 1996
or 180 days after termination; interest rate set
quarterly based on the 90 day commercial paper
composite rate; secured by residential real
estate . . . . . . . . . . . . . . . . . . . 2.0
Neil Smith: note payable; principal to be repaid
180 days after termination of employment;
interest rate set quarterly based on the 90 day
commercial paper composite rate; secured by
residential real estate . . . . . . . . . . . . 0.4
Esa Tikkanen: note payable; due in 24 installments
from October 1993 to October 1995 . . . . . . . 0.3 0.1
----- ----
$ 2.3 $8.8
===== ====
</TABLE>
-7-
<PAGE> 9
SCHEDULE II -- AMOUNTS RECEIVABLE FROM RELATED PARTIES AND UNDERWRITERS,
PROMOTERS, AND EMPLOYEES OTHER THAN RELATED PARTIES
PARAMOUNT COMMUNICATIONS INC.
SIX MONTHS ENDED APRIL 30, 1993
(Dollars in millions)
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------
COL. A COL. B COL. C COL. D
- ------------------------------------------------------------------------------------------------------------------
DEDUCTIONS
------------------
BALANCE (1) (2)
AT BEGINNING AMOUNTS AMOUNTS
NAME OF DEBTOR OF PERIOD ADDITIONS COLLECTED WRITTEN-OFF
- ------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
William Bernstein: 6% note payable . . . . . . . . . $ 0.4 $ 0.4
Rolando Blackman: 10% note payable; due in
monthly installments from September 15, 1994
to August 15, 1995 . . . . . . . . . . . . . . . $ 0.2
David Checketts: note payable; principal to be
repaid the earlier of February 28, 1995 or 180 days
after termination; interest rate set quarterly based
on the 90 day commercial paper composite rate;
secured by residential real estate . . . . . . . 0.5
Arthur Cohen: 6% note payable; principal to be repaid
monthly with the balance due on demand or no later
than October 31, 1995 . . . . . . . . . . . . . 0.1
Patrick Ewing: 10% note payable;
due September 1995 . . . . . . . . . . . . . . . 3.0
Robert Gutkowski: 6% note payable; due November 1,
1993; interest due on first business day of each month
commencing February 1, 1993; secured by residential
real estate . . . . . . . . . . . . . . . . . . 0.4
Robert Klingensmith: 10% note payable; principal
to be repaid out of future compensation;
secured by residential real estate . . . . . . 0.3 0.3
</TABLE>
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------
COL. A COL. E
- --------------------------------------------------------------------------------------------------
BALANCE AT END OF PERIOD
------------------------
(1) (2)
NAME OF DEBTOR CURRENT NOT CURRENT
- --------------------------------------------------------------------------------------------------
<S> <C> <C>
William Bernstein: 6% note payable . . . . . . . . .
Rolando Blackman: 10% note payable; due in
monthly installments from September 15, 1994
to August 15, 1995 . . . . . . . . . . . . . . . $ 0.2
David Checketts: note payable; principal to be
repaid the earlier of February 28, 1995 or 180 days
after termination; interest rate set quarterly based
on the 90 day commercial paper composite rate;
secured by residential real estate . . . . . . . 0.5
Arthur Cohen: 6% note payable; principal to be repaid
monthly with the balance due on demand or no later
than October 31, 1995 . . . . . . . . . . . . . $ 0.1
Patrick Ewing: 10% note payable;
due September 1995 . . . . . . . . . . . . . . . 3.0
Robert Gutkowski: 6% note payable; due November 1,
1993; interest due on first business day of each month
commencing February 1, 1993; secured by residential
real estate . . . . . . . . . . . . . . . . . . 0.4
Robert Klingensmith: 10% note payable; principal
to be repaid out of future compensation;
secured by residential real estate . . . . . .
</TABLE>
-8-
<PAGE> 10
SCHEDULE II -- AMOUNTS RECEIVABLE FROM RELATED PARTIES AND UNDERWRITERS,
PROMOTERS, AND EMPLOYEES OTHER THAN RELATED PARTIES
PARAMOUNT COMMUNICATIONS INC.
Six Months Ended April 30, 1993
(Dollars in millions)
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------
COL. A COL. B COL. C COL. D
- ------------------------------------------------------------------------------------------------------------------
DEDUCTIONS
-------------------
BALANCE (1) (2)
AT BEGINNING AMOUNTS AMOUNTS
NAME OF DEBTOR OF PERIOD ADDITIONS COLLECTED WRITTEN-OFF
- ------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Earl Lestz: 8% note payable; principal to be
repaid out of future compensation . . . . . . . 0.5 0.1
Barry London: 6% note payable . . . . . . . . . . . 0.1 0.1
Anthony Mason: 10% note payable; due in 48 semi-
monthly installments beginning July 15, 1993 . . 0.1
Patrick Purcell: 7% note payable; principal to
be repaid out of future compensation;
secured by residential real estate . . . . . . . 0.6 0.1
Patrick Riley:
Relocation bridge loan; due no later than
August 31, 1993 or 180 days after termination;
interest rate set quarterly based on the 90 day
commercial paper composite rate; secured by
residential real estate . . . . . . . . . . 1.0
Note payable; due no later than December 31, 1996
or 180 days after termination; interest rate set
quarterly based on the 90 day commercial paper
composite rate; secured by residential real
estate . . . . . . . . . . . . . . . . . . . 2.0
Neil Smith: note payable; principal to be repaid
180 days after termination of employment;
interest rate set quarterly based on the 90 day
commercial paper composite rate; secured by
residential real estate . . . . . . . . . . . . 0.4
----- ----- -----
$ 9.1 $ 0.6 $ 0.9
===== ===== =====
</TABLE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------
COL. A COL. E
- ------------------------------------------------------------------------------------------------------
BALANCE AT END OF PERIOD
------------------------
(1) (2)
NAME OF DEBTOR CURRENT NOT CURRENT
- ------------------------------------------------------------------------------------------------------
<S> <C> <C>
Earl Lestz: 8% note payable; principal to be
repaid out of future compensation . . . . . . . 0.4
Barry London: 6% note payable . . . . . . . . . . .
Anthony Mason: 10% note payable; due in 48 semi-
monthly installments beginning July 15, 1993 . . 0.1
Patrick Purcell: 7% note payable; principal to
be repaid out of future compensation;
secured by residential real estate . . . . . . . 0.1 0.6
Patrick Riley:
Relocation bridge loan; due no later than
August 31, 1993 or 180 days after termination;
interest rate set quarterly based on the 90 day
commercial paper composite rate; secured by
residential real estate . . . . . . . . . . 1.0
Note payable; due no later than December 31, 1996
or 180 days after termination; interest rate set
quarterly based on the 90 day commercial paper
composite rate; secured by residential real
estate . . . . . . . . . . . . . . . . . . . 2.0
Neil Smith: note payable; principal to be repaid
180 days after termination of employment;
interest rate set quarterly based on the 90 day
commercial paper composite rate; secured by
residential real estate . . . . . . . . . . . . 0.4
----- -----
$ 1.6 $ 7.2
===== =====
</TABLE>
-9-
<PAGE> 11
SCHEDULE II -- AMOUNTS RECEIVABLE FROM RELATED PARTIES AND UNDERWRITERS,
PROMOTERS, AND EMPLOYEES OTHER THAN RELATED PARTIES
PARAMOUNT COMMUNICATIONS INC.
YEAR ENDED OCTOBER 31, 1992
(Dollars in millions)
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------
COL. A COL. B COL. C COL. D
- ------------------------------------------------------------------------------------------------------------------
DEDUCTIONS
------------------
BALANCE (1) (2)
AT BEGINNING AMOUNTS AMOUNTS
NAME OF DEBTOR OF PERIOD ADDITIONS COLLECTED WRITTEN-OFF
- ------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Rolando Blackman: 10% note payable; due in
monthly installments from September 15, 1994
to August 15, 1995 . . . . . . . . . . . . . . . $ 0.2
David Checketts: note payable; principal to be
repaid the earlier of February 28, 1995 or 180 days
after termination; interest rate set quarterly based
on the 90 day commercial paper composite rate;
secured by residential real estate . . . . . . . 0.5
Arthur Cohen: 6% note payable; principal to be repaid
monthly with the balance due on demand or no later
than October 31, 1995 . . . . . . . . . . . . . 0.1
Alan Cole-Ford: 6.8% note payable; due October 15,
1996; secured by residential real estate . . . . $ 0.1 $ 0.1 (A)
Patrick Ewing: 10% note payable;
due September 1995 . . . . . . . . . . . . . . 3.0
Robert Gutkowski: 6% note payable; due November 1,
1993; interest due on first business day of each month
commencing February 1, 1993; secured by residential
real estate . . . . . . . . . . . . . . . . . . 0.4
Robert Klingensmith: 10% note payable; principal
to be repaid out of future compensation;
secured by residential real estate . . . . . . 0.8 0.1 0.6
</TABLE>
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------
COL. A COL. E
- -------------------------------------------------------------------------------------------------------
BALANCE AT END OF PERIOD
------------------------
(1) (2)
NAME OF DEBTOR CURRENT NOT CURRENT
- -------------------------------------------------------------------------------------------------------
<S> <C> <C>
Rolando Blackman: 10% note payable; due in
monthly installments from September 15, 1994
to August 15, 1995 . . . . . . . . . . . . . . . $ 0.2
David Checketts: note payable; principal to be
repaid the earlier of February 28, 1995 or 180 days
after termination; interest rate set quarterly based
on the 90 day commercial paper composite rate;
secured by residential real estate . . . . . . . 0.5
Arthur Cohen: 6% note payable; principal to be repaid
monthly with the balance due on demand or no later
than October 31, 1995 . . . . . . . . . . . . . $ 0.1
Alan Cole-Ford: 6.8% note payable; due October 15,
1996; secured by residential real estate . . . .
Patrick Ewing: 10% note payable;
due September 1995 . . . . . . . . . . . . . . 3.0
Robert Gutkowski: 6% note payable; due November 1,
1993; interest due on first business day of each month
commencing February 1, 1993; secured by residential
real estate . . . . . . . . . . . . . . . . . . 0.4
Robert Klingensmith: 10% note payable; principal
to be repaid out of future compensation;
secured by residential real estate . . . . . . 0.1 0.2
</TABLE>
- -----------------
Note A -- Reclassified since individual is no longer an employee.
-10-
<PAGE> 12
SCHEDULE II -- AMOUNTS RECEIVABLE FROM RELATED PARTIES AND UNDERWRITERS,
PROMOTERS, AND EMPLOYEES OTHER THAN RELATED PARTIES
PARAMOUNT COMMUNICATIONS INC.
Year Ended October 31, 1992
(Dollars in millions)
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------
COL. A COL. B COL. C COL. D
- -------------------------------------------------------------------------------------------------------------------
DEDUCTIONS
-----------------
BALANCE (1) (2)
AT BEGINNING AMOUNTS AMOUNTS
NAME OF DEBTOR OF PERIOD ADDITIONS COLLECTED WRITTEN-OFF
- -------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Earl Lestz: 8% note payable; principal to be
repaid out of future compensation . . . . . . . 0.5
Barry London: 7% note payable; due October 1992 . . 3.0 3.0
Anthony Mason: 10% note payable; due in 48 semi-
monthly installments beginning July 15, 1993 . . 0.1
Patrick Purcell: 7% note payable; principal to
be repaid out of future compensation;
secured by residential real estate . . . . . . . 0.6
Patrick Riley:
Relocation bridge loan; due no later than
August 31, 1993 or 180 days after termination;
interest rate set quarterly based on the 90 day
commercial paper composite rate; secured by
residential real estate . . . . . . . . . . 1.0
Note payable; due no later than December 31, 1996
or 180 days after termination; interest rate set
quarterly based on the 90 day commercial paper
composite rate; secured by residential real
estate . . . . . . . . . . . . . . . . . . . 2.0
Neil Smith: note payable; principal to be repaid
180 days after termination of employment;
interest rate set quarterly based on the 90 day
commercial paper composite rate; secured by
residential real estate . . . . . . . . . . . . 0.4
----- ---- ----
$ 8.0 $4.8 $3.7
===== ==== ====
</TABLE>
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------
COL. A COL. E
- -------------------------------------------------------------------------------------------------
BALANCE AT END OF PERIOD
------------------------
(1) (2)
NAME OF DEBTOR CURRENT NOT CURRENT
- -------------------------------------------------------------------------------------------------
<S> <C> <C>
Earl Lestz: 8% note payable; principal to be
repaid out of future compensation . . . . . . . 0.5
Barry London: 7% note payable; due October 1992 . .
Anthony Mason: 10% note payable; due in 48 semi-
monthly installments beginning July 15, 1993 . . 0.1
Patrick Purcell: 7% note payable; principal to
be repaid out of future compensation;
secured by residential real estate . . . . . . . 0.1 0.5
Patrick Riley:
Relocation bridge loan; due no later than
August 31, 1993 or 180 days after termination;
interest rate set quarterly based on the 90 day
commercial paper composite rate; secured by
residential real estate . . . . . . . . . . 1.0
Note payable; due no later than December 31, 1996
or 180 days after termination; interest rate set
quarterly based on the 90 day commercial paper
composite rate; secured by residential real
estate . . . . . . . . . . . . . . . . . . . 2.0
Neil Smith: note payable; principal to be repaid
180 days after termination of employment;
interest rate set quarterly based on the 90 day
commercial paper composite rate; secured by
residential real estate . . . . . . . . . . . . 0.4
---- ----
$1.3 $7.8
==== ====
</TABLE>
-11-
<PAGE> 13
SCHEDULE II -- AMOUNTS RECEIVABLE FROM RELATED PARTIES AND UNDERWRITERS,
PROMOTERS, AND EMPLOYEES OTHER THAN RELATED PARTIES
PARAMOUNT COMMUNICATIONS INC.
Year Ended October 31, 1991
(Dollars in millions)
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------
COL. A COL. B COL. C COL. D
- -------------------------------------------------------------------------------------------------------------------
DEDUCTIONS
------------------
BALANCE (1) (2)
AT BEGINNING AMOUNTS AMOUNTS
NAME OF DEBTOR OF PERIOD ADDITIONS COLLECTED WRITTEN-OFF
- -------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
James Boyd: 16% note payable;
relocation bridge loan . . . . . . . . . . . . . $ 0.2 $ 0.2
Alan Cole-Ford: 6.8% note payable; due October 15,
1996; secured by residential real estate . . . . $ 0.1
Richard Evans: 7% note payable; secured by
residential real estate . . . . . . . . . . . . 0.2 0.2
Patrick Ewing: 10% note payable;
due September 1995 . . . . . . . . . . . . . . . 5.0 2.0
Robert Klingensmith: 10% note payable; principal
to be repaid out of future compensation;
secured by residential real estate . . . . . . . 0.8 0.1 0.1
Earl Lestz: 8% note payable; principal to be
repaid out of future compensation . . . . . . . 0.5
Frank Mancuso: 6% note payable;
secured by residential real estate . . . . . . . 2.0 2.0
</TABLE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------
COL. A COL. E
- ----------------------------------------------------------------------------------------------------
BALANCE AT END OF PERIOD
------------------------
(1) (2)
NAME OF DEBTOR CURRENT NOT CURRENT
- ----------------------------------------------------------------------------------------------------
<S> <C> <C>
James Boyd: 16% note payable;
relocation bridge loan . . . . . . . . . . . . .
Alan Cole-Ford: 6.8% note payable; due October 15,
1996; secured by residential real estate . . . . $ 0.1
Richard Evans: 7% note payable; secured by
residential real estate . . . . . . . . . . . .
Patrick Ewing: 10% note payable;
due September 1995 . . . . . . . . . . . . . . . 3.0
Robert Klingensmith: 10% note payable; principal
to be repaid out of future compensation;
secured by residential real estate . . . . . . . $ 0.1 0.7
Earl Lestz: 8% note payable; principal to be
repaid out of future compensation . . . . . . . 0.1 0.4
Frank Mancuso: 6% note payable;
secured by residential real estate . . . . . . .
</TABLE>
-12-
<PAGE> 14
SCHEDULE II -- AMOUNTS RECEIVABLE FROM RELATED PARTIES AND UNDERWRITERS,
PROMOTERS, AND EMPLOYEES OTHER THAN RELATED PARTIES
PARAMOUNT COMMUNICATIONS INC.
Year Ended October 31, 1991
(Dollars in millions)
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------
COL. A COL. B COL. C COL. D
- -------------------------------------------------------------------------------------------------------------------
DEDUCTIONS
------------------
BALANCE (1) (2)
AT BEGINNING AMOUNTS AMOUNTS
NAME OF DEBTOR OF PERIOD ADDITIONS COLLECTED WRITTEN-OFF
- -------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Patrick Purcell: 7% note payable; principal to
be repaid out of future compensation;
secured by residential real estate . . . . . . . 0.7 0.1 0.2
Patrick Riley:
Relocation bridge loan; due no later than
August 31, 1992 or 180 days after termination;
interest rate set quarterly based on the 90 day
commercial paper composite rate; secured by
residential real estate . . . . . . . . . . 1.0
Note payable; due no later than December 31, 1996
or 180 days after termination; interest rate set
quarterly based on the 90 day commercial paper
composite rate; secured by residential
real estate . . . . . . . . . . . . . . . . 2.0
---- ---- ----
$9.4 $3.3 $4.7
==== ==== ====
</TABLE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------
COL. A COL. E
- ----------------------------------------------------------------------------------------------------
BALANCE AT END OF PERIOD
------------------------
(1) (2)
NAME OF DEBTOR CURRENT NOT CURRENT
- ----------------------------------------------------------------------------------------------------
<S> <C> <C>
Patrick Purcell: 7% note payable; principal to
be repaid out of future compensation;
secured by residential real estate . . . . . . . 0.1 0.5
Patrick Riley:
Relocation bridge loan; due no later than
August 31, 1992 or 180 days after termination
interest rate set quarterly based on the 90 day
commercial paper composite rate; secured by
residential real estate . . . . . . . . . . 1.0
Note payable; due no later than December 31, 1996
or 180 days after termination; interest rate set
quarterly based on the 90 day commercial paper
composite rate; secured by residential
real estate . . . . . . . . . . . . . . . . 2.0
---- ----
$1.3 $6.7
==== ====
</TABLE>
-13-
<PAGE> 15
SCHEDULE VII -- GUARANTEES OF SECURITIES OF OTHER ISSUERS
PARAMOUNT COMMUNICATIONS INC.
AT MARCH 31, 1994
(In millions)
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------
COL. A COL. B COL. C
- ---------------------------------------------------------------------------------------------------------------
TITLE OF TOTAL
ISSUE OF AMOUNT
NAME OF ISSUER OF SECURITIES EACH CLASS GUARANTEED
GUARANTEED BY PERSON FOR OF SECURITIES AND
WHICH STATEMENT IS FILED GUARANTEED OUTSTANDING
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C>
CBF Fabrics, Inc. Industrial Revenue Bond $ 2.4
Kayser-Roth Corporation Secured Notes 0.6
Simmons Manufacturing Industrial Revenue Bond 9.7
Company Inc.
Redevelopment Agency of Senior Secured Refunding Notes 37.8
the City of Santa Clara,
California
United Cinemas International Revolving Credit 85.1
Cinema International Corporation, N.V. Revolving Credit 11.6
------
$147.2
======
</TABLE>
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------
COL. A COL. F
- -------------------------------------------------------------------------------------------------------------
NAME OF ISSUER OF SECURITIES NATURE
GUARANTEED BY PERSON FOR OF
WHICH STATEMENT IS FILED GUARANTEE
- -------------------------------------------------------------------------------------------------------------
<S> <C>
CBF Fabrics, Inc. Principal and interest
Kayser-Roth Corporation Principal and interest
Simmons Manufacturing Principal and interest
Company Inc.
Redevelopment Agency of Principal and interest
the City of Santa Clara,
California
United Cinemas International Principal and interest
Cinema International Corporation, N.V. Principal and interest
</TABLE>
- ----------------
Note: Information for Columns D, E, and G is not applicable at March 31, 1994
-14-
<PAGE> 16
SCHEDULE VIII -- VALUATION AND QUALIFYING ACCOUNTS
PARAMOUNT COMMUNICATIONS INC.
ELEVEN MONTHS ENDED MARCH 31, 1994, SIX MONTHS ENDED APRIL 30, 1993 AND
TWO YEARS ENDED OCTOBER 31, 1992
(In millions)
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
COL. A COL. B COL. C COL. D
- ----------------------------------------------------------------------------------------------------------------------------------
ADDITIONS
-----------------------------
(2)
(1) CHARGED TO
BALANCE CHARGED TO OTHER
AT BEGINNING COSTS AND ACCOUNTS -- DEDUCTIONS --
DESCRIPTION OF PERIOD EXPENSES DESCRIBE DESCRIBE
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Allowance for doubtful accounts deducted from
trade receivables on the balance sheet:
Eleven months ended March 31, 1994 . . . . . . . . . $ 64.1 $ 9.2 $ 7.4 (A) $ 32.8 (B)
====== ====== ===== ======
Six months ended April 30, 1993 . . . . . . . . . . . $ 65.5 $ 8.0 $ 2.1 (A) $ 11.5 (B)
====== ====== ===== ======
Year ended October 31, 1992 . . . . . . . . . . . . . $ 59.6 $ 16.6 $ 8.9 (A) $ 19.6 (B)
====== ====== ===== ======
Year ended October 31, 1991 . . . . . . . . . . . . . $ 59.8 $ 19.4 $ 4.0 (A) $ 23.6 (B)
====== ====== ===== ======
</TABLE>
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------
COL. A COL. E
- -------------------------------------------------------------------------
BALANCE
AT END OF
DESCRIPTION PERIOD
- -------------------------------------------------------------------------
<S> <C>
Allowance for doubtful accounts deducted from
trade receivables on the balance sheet:
Eleven months ended March 31, 1994 . . . . . . . . . $ 47.9
======
Six months ended April 30, 1993 . . . . . . . . . . . $ 64.1
======
Year ended October 31, 1992 . . . . . . . . . . . . . $ 65.5
======
Year ended October 31, 1991 . . . . . . . . . . . . . $ 59.6
======
</TABLE>
- --------------------
Note A -- Represents balance sheet reclassification related to certain
entertainment receivables.
Note B -- Primarily write-off of uncollectible accounts net of collections of
accounts previously written-off.
-15-
<PAGE> 17
SCHEDULE IX -- SHORT-TERM BORROWINGS
PARAMOUNT COMMUNICATIONS INC.
Eleven Months Ended March 31, 1994,
Six Months Ended April 30, 1993 and Two Years Ended October 31, 1992
(Dollars in millions)
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------
COL. A COL. B COL. C COL. D
- --------------------------------------------------------------------------------------------------------------------
WEIGHTED MAXIMUM AMOUNT
CATEGORY OF BALANCE AT AVERAGE OUTSTANDING
AGGREGATE END OF INTEREST DURING THE
SHORT-TERM BORROWINGS PERIOD RATE PERIOD
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Eleven Months Ended March 31, 1994
Note payable to bank (A) . . . . . . . $ 25.0 3.89% $ 25.0
</TABLE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------
COL. A COL. E COL. F
- ------------------------------------------------------------------------------------------------
AVERAGE AMOUNT WEIGHTED AVERAGE
CATEGORY OF OUTSTANDING INTEREST RATE
AGGREGATE DURING THE DURING THE
SHORT-TERM BORROWINGS PERIOD (B) PERIOD (C)
- ------------------------------------------------------------------------------------------------
<S> <C> <C>
Eleven Months Ended March 31, 1994
Note payable to bank (A) . . . . . . . $ 0.2 3.89%
</TABLE>
- --------------------
Note A -- The note payable to bank represents a revolving loan agreement
borrowing, which has a maturity of one month from date of issue
and has a provision to be extended for an additional two months.
The Company had no short-term borrowings for the six months ended
April 30, 1993 and the two years ended October 31, 1992.
Note B -- The average amount outstanding during the period was computed by
dividing the total of the daily outstanding principal balances
by the number of days in the period.
Note C -- The weighted average interest rate during the period was computed by
dividing the actual interest expense by average debt outstanding.
-16-
<PAGE> 18
SCHEDULE X -- SUPPLEMENTARY INCOME STATEMENT INFORMATION
PARAMOUNT COMMUNICATIONS INC.
Eleven Months Ended March 31, 1994, Six Months Ended April 30, 1993 and
Two Years Ended October 31, 1992
(In millions)
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------
COL. A COL. B
- ------------------------------------------------------------------------------------------------------------------------
ITEM CHARGED TO COSTS AND EXPENSES
- ------------------------------------------------------------------------------------------------------------------------
Eleven Months Six Months
Ended March 31 Ended April 30 Year Ended October 31
-------------- -------------- -----------------------
1994 1993 1992 1991
---- ---- ---- ----
<S> <C> <C> <C> <C>
Maintenance and repairs . . . . . . . . . . . . . . $ 56.1 $ 21.1 $ 40.6 $ 33.1
Taxes, other than payroll and
income taxes . . . . . . . . . . . . . . . . . . 33.3 16.9 46.8 48.3
Royalties . . . . . . . . . . . . . . . . . . . . . 253.3 77.4 171.5 152.0
Advertising costs . . . . . . . . . . . . . . . . . 501.9 250.9 563.3 514.0
</TABLE>
- -----------------
Amounts for depreciation and amortization of preoperating costs and similar
deferrals are not presented as such amounts do not exceed 1% of revenues.
-17-
<PAGE> 19
PARAMOUNT COMMUNICATIONS INC.
EXHIBITS INDEX
<TABLE>
<S> <C>
(3)(a) --Restated Certificate of Incorporation and Amendments thereto (Incorporated by
reference to Exhibit (4)(i)(A) of Paramount Communications' post-effective
amendment No. 3 to the registration statement on Form S-3 No. 2-83427).
*(3)(b) --Amended and restated By-laws.
(4)(a) --Instruments with respect to issues of long-term debt have not been filed as exhibits to
this Annual Report on Form 10-K as the authorized principal amount on any one of
such issues does not exceed 10% of the total assets of Paramount Communications
and its subsidiaries on a consolidated basis. Paramount Communications agrees to
furnish a copy of each such instrument to the Commission upon request.
(4)(b) --Shareholder rights agreement dated as of September 7, 1988, as amended, between
Paramount Communications Inc. and Chemical Bank, as Rights Agent (Incorporated by
reference to Paramount Communications' registration statement on Form 8-A dated
September 14, 1988 and to Amendment No. 1 to Form 8-A on Form 8 dated June 8, 1989,
Amendment No. 2 to Form 8-A on Form 8-A/A dated September 22, 1993, Amendment No. 3
to Form 8-A on Form 8-A/A dated November 5, 1993, Amendment No. 4 to Form 8-A
on Form 8-A/A dated November 15, 1993, Amendment No. 5 to Form 8-A on Form 8-A/A
dated January 5, 1994, Amendment No. 6 to Form 8-A on Form 8-A/A dated January 31,
1994 and Amendment No. 7 to Form 8-A on Form 8-A/A dated March 2, 1994).
(10)(i)(a) --Amended and Restated Agreement and Plan of Merger, dated as of February 4, 1994, as
further amended as of May 26, 1994, among Paramount Communications Inc., Viacom
Inc. and Viacom Sub Inc., a wholly owned subsidiary of Viacom (Incorporated by
reference to Annex I of the Registration Statement on Form S-4 of Viacom Inc. which
is attached as Exhibit (d)(1) to Amendment No. 2 to Schedule 13E-3 filed by
Paramount Communications Inc. with respect to the merger with Viacom).
(10)(i)(b) --Voting Agreement dated as of January 21, 1994, between National Amusements, Inc. and
Paramount Communications Inc. (Incorporated by reference to Exhibit 81 of Amendment
No. 28, dated January 24, 1994, to the Schedule 14D-9 filed by Paramount
Communications Inc. with respect to the tender offer by Viacom Inc.).
+(10)(iii)(A)(1) --Amended and restated agreement, dated as of October 1, 1985 and restated as of June 23,
1989, between Paramount Communications and Martin S. Davis (Incorporated by
reference to Exhibit (10)(ii)(A)(1) of Paramount Communications' Annual Report on
Form 10-K for the fiscal year ended October 31, 1989).
+(10)(iii)(A)(2) --Amendment dated as of February 11, 1994, to the Amended and Restated Agreement dated as
of October 1, 1985 and restated as of June 23, 1989 between Paramount Communications
and Martin S. Davis (Incorporated by reference to Exhibit (10)(iii)(A)(1)
of Paramount Communications' Quarterly Report on Form 10-Q for the quarter ended
January 31, 1994).
</TABLE>
-18-
<PAGE> 20
PARAMOUNT COMMUNICATIONS INC.
EXHIBITS INDEX
<TABLE>
<S> <C>
+(10)(iii)(A)(3) --Amended and restated agreement, dated as of November 17, 1987 and restated as of June
23, 1989, between Paramount Communications and Ronald L. Nelson (Incorporated by
reference to Exhibit (10)(ii)(A)(2) of Paramount Communications' Quarterly Report
on Form 10-Q for the quarter ended January 31, 1990).
+(10)(iii)(A)(4) --Amendment, dated as of December 21, 1992, to the amended and restated agreement, dated
as of November 17, 1987 and restated as of June 23, 1989, between Paramount
Communications and Ronald L. Nelson (Incorporated by reference to Exhibit
(10)(iii)(A)(5) of Paramount Communications' Annual Report on Form 10-K for the
fiscal year ended October 31, 1992).
+(10)(iii)(A)(5) --Agreement, dated as of January 12, 1993, between Paramount Communications and Ronald
L. Nelson (Incorporated by reference to Exhibit (10)(iii)(A)(1) of Paramount
Communications' Quarterly Report on Form 10-Q for the quarter ended January 31,
1993).
+(10)(iii)(A)(6) --Amendment dated as of February 11, 1994, to the Agreement dated as of January 12,
1993 between Paramount Communications and Ronald L. Nelson (Incorporated by
reference to Exhibit (10)(iii)(A)(2) of Paramount Communications' Quarterly Report
on Form 10-Q for the quarter ended January 31, 1994).
+(10)(iii)(A)(7) --Amended and restated agreement, dated as of October 1, 1985 and restated as of June
23, 1989, between Paramount Communications and Donald Oresman (Incorporated by
reference to Exhibit (10)(ii)(A)(1) of Paramount Communications' Quarterly Report on
Form 10-Q for the quarter ended January 31, 1990).
+(10)(iii)(A)(8) --Amendment dated as of February 11, 1994, to the Amended and Restated Agreement dated
as of October 1, 1985 and restated as of June 23, 1989 between Paramount
Communications and Donald Oresman (Incorporated by reference to Exhibit
(10)(iii)(A)(3) of Paramount Communications' Quarterly Report on Form 10-Q for the
quarter ended January 31, 1994).
+(10)(iii)(A)(9) --Agreement, dated as of September 10, 1992, between Paramount Communications and
Rudolph L. Hertlein (Incorporated by reference to Exhibit (10)(iii)(A)(8) of
Paramount Communications' Annual Report on Form 10-K for the fiscal year ended
October 31, 1992).
+(10)(iii)(A)(10) --Agreement, dated as of June 2, 1989, between Paramount Communications and Lawrence E.
Levinson (Incorporated by reference to Exhibit (10)(ii)(A)(1) of Paramount
Communications' Quarterly Report on Form 10-Q for the quarter ended July 31, 1989).
+(10)(iii)(A)(11) --Agreement, dated April 5, 1993, between Paramount Communications and Robert Greenberg
(Incorporated by reference to Exhibit (10)(iii)(A)(1) of Paramount Communications'
Quarterly Report on Form 10-Q for the quarter ended April 30, 1993).
+(10)(iii)(A)(12) --1992 Stock Option Plan (the "1992 Plan") (Incorporated by reference to Exhibit I of
Paramount Communications' Proxy Statement dated January 27, 1992 for the 1992 Annual
Meeting of Stockholders).
</TABLE>
-19-
<PAGE> 21
PARAMOUNT COMMUNICATIONS INC.
EXHIBITS INDEX
<TABLE>
<S> <C>
+(10)(iii)(A)(13) --1989 Stock Option Plan, as amended (the "1989 Plan") (Incorporated by reference to
Exhibit (10)(iii)(A)(2) of Paramount Communications' Quarterly Report on Form 10-Q
for the quarter ended April 30, 1992).
+(10)(iii)(A)(13)(a) --Form of Stock Option Agreement pursuant to the 1989 Plan--Incentive Stock Option
(Incorporated by reference to Exhibit (10)(iii)(A)(1)(a) of Paramount
Communications' Annual Report on Form 10-K for the fiscal year ended October 31,
1989).
+(10)(iii)(A)(13)(b) --Form of Stock Option Agreement pursuant to the 1989 Plan--Nonqualified Stock Option
(Incorporated by reference to Exhibit (10)(iii)(A)(1)(b) of Paramount
Communications' Annual Report on Form 10-K for the fiscal year ended October 31,
1989).
+(10)(iii)(A)(14) --1984 Stock Option Plan, as amended (the "1984 Plan") (Incorporated by reference to
Exhibit (10)(iii)(A)(1) of Paramount Communications' Quarterly Report on Form 10-Q
for the quarter ended April 30, 1992).
+(10)(iii)(A)(14)(a) --Form of Stock Option Agreement pursuant to the 1984 Plan--Incentive Stock Option
(Incorporated by reference to Exhibit (10)(iii)(A)(1)(a) of Paramount
Communications' Annual Report on Form 10-K for the three months ended October 31,
1985).
+(10)(iii)(A)(14)(b) --Form of Stock Option Agreement pursuant to the 1984 Plan--Incentive Stock Option with
a Stock Appreciation Right (Incorporated by reference to Exhibit (10)(iii)(A)(1)(b)
of Paramount Communications' Annual Report on Form 10-K for the three months ended
October 31, 1985).
+(10)(iii)(A)(14)(c) --Form of Stock Option Agreement pursuant to the 1984 Plan--Nonqualified Stock Option
(Incorporated by reference to Exhibit (10)(iii)(A)(1)(c) of Paramount
Communications' Annual Report on Form 10-K for the three months ended October 31,
1985).
+(10)(iii)(A)(14)(d) --Form of Stock Option Agreement pursuant to the 1984 Plan--Nonqualified Stock Option
with a Stock Appreciation Right (Incorporated by reference to Exhibit
(10)(iii)(A)(1)(d) of Paramount Communications' Annual Report on Form 10-K for the
three months ended October 31, 1985).
+(10)(iii)(A)(15) --1973 Key Employees Stock Purchase Plan (Incorporated by reference to Exhibit
(10)(c)(i) of Paramount Communications' Annual Report on Form 10-K for the fiscal
year ended July 31, 1981).
+(10)(iii)(A)(16) --Amended and Restated Supplemental Executive Retirement Plan (Incorporated by reference
to Exhibit (10)(iii)(A)(1) of Paramount Communications' Quarterly Report on
Form 10-Q for the quarter ended July 31, 1992).
+(10)(iii)(A)(17) --Deferred Compensation Plan for Board of Directors (Incorporated by reference to
Exhibit (10)(iii)(A)(6) of Paramount Communications' Annual Report on Form 10-K for
the fiscal year ended July 31, 1984).
</TABLE>
-20-
<PAGE> 22
PARAMOUNT COMMUNICATIONS INC
EXHIBITS INDEX
<TABLE>
<S> <C>
+(10)(iii)(A)(18) --Long-Term Performance Plan, as amended (Incorporated by reference to Exhibit
(10)(iii)(A)(6) of Paramount Communications' Annual Report on Form 10-K for the
fiscal year ended October 31, 1989).
+(10)(iii)(A)(19) --Corporate Annual Performance Plan, as amended (Incorporated by reference to Exhibit
(10)(iii)(A)(7) of Paramount Communications' Annual Report on Form 10-K for the
fiscal year ended October 31, 1989).
+(10)(iii)(A)(20) --Retirement Plan for non-employee directors (Incorporated by reference to Exhibit
(10)(iii)(A)(1) of Paramount Communications' Quarterly Report on Form 10-Q for the
quarter ended January 31, 1990).
+(10)(iii)(A)(21) --Non-qualified retirement plan (Incorporated by reference to Exhibit (10)(iii)(A)(1) of
Paramount Communications' Quarterly Report on Form 10-Q for the quarter ended April
30, 1991).
*(11) --Computation of Earnings (Loss) per Share.
*(21) --List of Subsidiaries.
*(23)(a) --Consent of Ernst & Young.
*(23)(b) --Consent of Price Waterhouse.
*(24) --Powers of Attorney.
</TABLE>
- ---------------------
+ This exhibit constitutes a management contract or compensatory plan or
arrangement.
* These exhibits were previously filed as part of this transition report on
Form 10-K for the eleven months ended March 31, 1994.
-21-
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