Viacom elects NYNEX's Seidenberg to Board of Directors

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NEW YORK CITY -- Viacom Inc. Inc. (Amex: VIA and VIAB) today announced that Ivan Seidenberg, Chairman and Chief Executive Officer of NYNEX, has been elected to the Viacom Board of Directors, replacing William C. Ferguson, Chairman Emeritus of NYNEX. The Viacom Board of Directors, which comprises 13 members, also includes Frederic V. Salerno, Vice Chairman of NYNEX.

Prior to his appointment as Chairman of NYNEX in April 1995, Mr. Seidenberg served as President and Chief Executive Officer of the company since January 1995. Previously, he held the positions of President and Chief Operating Officer, and Vice Chairman, as well as numerous senior level positions within the NYNEX organization. Mr. Seidenberg has been a member of the NYNEX Board of Directors since 1991.

Mr. Seidenberg is also a member of the board of directors of AlliedSignal Inc., Melville Corporation, Pace University, and the New York Hall of Science. He is a member of the Dean's Council at New York University's Tisch School of the Arts and a former chairman of the United States Telecommunications Association.

Viacom Inc. is one of the world's largest entertainment and publishing companies and a leading force in nearly every segment of the international media marketplace. The operations of Viacom include Blockbuster Music, Blockbuster Video, MTV Networks, Paramount Parks, Paramount Pictures, Paramount Television, Showtime Networks, Simon & Schuster and Viacom Interactive Media, as well as cable systems serving 1.1 million customers, radio and television stations, and movie screens in 11 countries. Viacom also has a substantial interest in Discovery Zone and a majority interest in Spelling Entertainment Group. National Amusements, Inc., a closely held corporation which owns and operates almost 1,000 screens in the U.S. and the U.K., is the parent company of Viacom.

NYNEX is a global communications and media company that provides a full range of services in the northeastern United States and high-growth markets around the world, including the United Kingdom, Thailand, Gibraltar, Greece, Indonesia, the Philippines, Poland, Slovakia and the Czech Republic.

The Corporation is a leader in the telecommunications, wireless communications, cable television, directory publishing and entertainment and information services.

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