WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                        Securities Exchange Act of 1934

Date of Report (date of earliest event reported): February 16, 1997

                                   VIACOM INC.
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             (Exact name of registrant as specified in its charter)

   Delaware                1-9553          04-2949533
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(State or other         (Commission     (IRS Employer
jurisdiction of          File Number)    Identification No.)

 1515 Broadway, New York, New York                               10036
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(Address of principal executive offices)                       (Zip Code)

Registrant's telephone number, including area code:  (212) 258-6000

Item 5. Other Events.

     On February 18,  1997,  Viacom  Inc.,  a Delaware  corporation  ("Viacom"),
announced  an  agreement  to sell its ten  radio  stations  to  Evergreen  Media
Corporation  of Los  Angeles  for $1.075  billion in cash,  pursuant  to a stock
purchase agreement dated February 16, 1997.

     Consummation  of the  sale is  subject  to  customary  closing  conditions,
including  Federal   Communications   Commission   approval  and  expiration  or
termination  of  the  waiting  period  under  the  Hart-Scott-Rodino   Antitrust
Improvements Act of 1976.

     A copy of the press  release  issued by Viacom,  dated  February  18, 1997,
relating to the above-described transaction is attached hereto as Exhibit 99.1.

Item 7. Financial Statements and Exhibits.

     (c) The following exhibit is filed as part of this report on Form 8-K:

        99.1    Press Release issued by Viacom dated February 18, 1997.


     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                                VIACOM INC.

Date:  February 18, 1997                By:  /s/ Michael D. Fricklas
                                           Name:   Michael D. Fricklas
                                           Title:  Senior Vice President,
                                                   Deputy General Counsel

                                 EXHIBIT INDEX

Exhibit No.                     Description
- ----------                      -----------

99.1                Press Release issued by Viacom Inc. dated February 18, 1997

                                  EXHIBIT 99.1

                         VIACOM SIGNS AGREEMENT TO SELL
                            ITS RADIO STATIONS GROUP

          Ten Stations in Five Major Markets to be Sold for a Total of
                             $1.075 Billion in Cash

     New York, NY,  February 18 -- Viacom Inc.  (Amex:  VIA and VIAB)  announced
today that it has entered into a  definitive  agreement to sell the Viacom Radio
Group to  Evergreen  Media  Corporation  of Los  Angeles  for a total of  $1.075
billion in cash. Simultaneously, Evergreen announced its agreement to merge with
Chancellor   Broadcasting  Company,  with  the  surviving  entity  to  be  named
Chancellor Media  Corporation.  In connection with the signing of the agreement,
Evergreen and Chancellor will pay a deposit of $107.5 million in cash to Viacom.

     The Viacom Radio Group owns and operates 10 stations in five major  markets
including FM duopolies  (multiple  stations in single  markets) in New York, Los
Angeles and Washington, D.C. Proceeds from the transaction will be used to repay

     The Viacom Radio Group transaction is subject to normal closing  conditions
and  receipt of FCC  approvals  and is  expected to be  completed  this  summer.
Interest will accrue on the total price beginning June 16 if the transaction has
not closed by that date.  The Viacom  Radio  transaction  is not  subject to the
closing of the Evergreen/Chancellor merger.

     Sumner M. Redstone,  Chairman and Chief Executive Officer of Viacom,  said,
"We are extremely pleased with this transaction, which will yield great benefits
both to Viacom and to Evergreen and  Chancellor.  The sale of our Radio Group is
one more major step in our ongoing efforts to strengthen our balance sheet while

we  continue  to focus  on  growing  our  core  business  units.  Evergreen  and
Chancellor are acquiring  some of the best-run radio  properties in the industry
and in the  hands  of the  newly  merged  group,  these  stations  will get even

     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 video and music, MTV
Networks,  Paramount Parks, Paramount Pictures,  Paramount Television,  Showtime
Networks,  Simon & Schuster, radio and television stations, and movie screens in
11  countries.  Viacom also has a majority  interest  in Spelling  Entertainment
Group, as well as a half-interest in Comedy Central, and USA Networks, including
the Sci-Fi Channel. National Amusements,  Inc., a closely held corporation which
operates approximately 1,100 screens in the U.S., the U.K. and South America, is
the parent company of Viacom.  More information about Viacom is available at the
Company's Web site located at

     Evergreen and Chancellor are two of the nation's  leading "pure play" radio
broadcasting companies.

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Carl Folta

Susan Duffy