Exhibit Index
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Exhibit No. Description Page
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4.1 Restated Certificate of Incorporation of Viacom
Inc. as filed with the
Secretary of State of the State of Delaware on May
21, 1992 (incorporated by reference to Exhibit
3(a) to the Annual Report on Form 10-K of Viacom
Inc. for the fiscal year ended December 31, 1992,
as amended by Form 10-K/A Amendment No. 1 dated
November 29, 1993 and as further amended by Form
10-K/A Amendment No. 2 dated December 9, 1993
(File No. 1-9553))
4.2 Form of Amendment to Restated Certificate of
Incorporation of Viacom
Inc. (incorporated by reference to Annex VII to
the Joint Proxy Statement/Prospectus of Viacom
Inc. dated June 6, 1994 (File No. 33-53977))
4.3 By-laws of Viacom Inc. (incorporated by reference
to Exhibit 3.3 to the Registration Statement on
Form S-4 filed by Viacom Inc. (File No. 33-13812))
5 Opinion of Philippe P. Dauman as to the legality
of the securities being
registered
23.1 Consent of Price Waterhouse LLP
23.2 Consent of Philippe P. Dauman (contained in
Exhibit 5)
24 Powers of Attorney
EXHIBIT 5
August 22, 1994
Viacom Inc.
200 Elm Street
Dedham, Massachusetts 02026
Dear Sirs:
This opinion is delivered in connection with the
Registration Statement on Form S-8 (the "Registration Statement")
of Viacom Inc. ("Viacom") filed with the Securities and Exchange
Commission under the Securities Act of 1933, as amended (the
"Act"), with respect to the following Viacom securities
(collectively the "Securities") to be issued in connection with
Viacom's assumption of the stock options for shares of Paramount
Communications Inc. ("Paramount") Common Stock outstanding on
July 7, 1994 under Paramount's 1989 and 1984 Stock Option Plans
(the "Plans"):
1,274,210 shares of Class B Common Stock, par
value $0.01 per
share ("Class B Common Stock");
685,217 contingent value rights;
368,116 three-year warrants to purchase one share of
Class B Common Stock at $60 per share;
220,877 five-year warrants to purchase one share of
Class B Common Stock at $70 per share;
$12,833,000 principal amount of 8% exchangeable
subordinated debentures due 2006;
256,650 shares of Series C Cumulative
Exchangeable Redeemable Preferred Stock, par
value $0.01 per share; and
$12,833,000 principal amount of 5% subordinated
debentures due 2014.
Viacom Inc.
August 22, 1994
Page Two
In this connection, and as the basis for the opinion
expressed below, I have examined and relied on originals or
copies, certified or otherwise identified to my satisfaction of
such documents, corporate records and other instruments, and have
made such examinations of law and fact as I have deemed necessary
or appropriate for the purpose of giving the opinion expressed
below.
I am a member of the bar of the State of New York and the
opinion set forth below is restricted to matters controlled by
federal laws and the laws of the States of Delaware and New York.
Based upon the foregoing, it is my opinion that when (i) the
applicable provisions of the Act and of such "Blue Sky" or other
state securities laws as may be applicable shall have been
complied with, and (ii) the Securities shall have been issued and
delivered in accordance with the terms of the Plans and paid for
in full, the Securities will be legally issued, fully paid and
nonassessable.
I hereby consent to the filing of this opinion as an exhibit
to the Registration Statement.
Very truly yours,
/s/ Philippe P. Dauman
EXHIBIT 23.1
CONSENT OF INDEPENDENT ACCOUNTANTS
----------------------------------
We hereby consent to the incorporation by reference in the
Prospectus constituting part of this Registration Statement on
Form S-8 of Viacom Inc., of our reports dated February 4, 1994,
except as to Note 2, which is as of March 11, 1994, appearing
on pages II-32, and F-2 of the Viacom Inc. Annual Report on
Form 10-K for the year ended December 31, 1993, as amended
by Form 10-K/A Amendment No. 1 dated May 2, 1994. We also
consent to the reference to us under the heading "Experts"
in such Prospectus.
PRICE WATERHOUSE LLP
New York, New York
August 22, 1994
EXHIBIT 24
VIACOM INC.
Power of Attorney
KNOW ALL MEN BY THESE PRESENTS that the undersigned director
and/or officer of VIACOM INC., (the "Company"), hereby
constitutes and appoints Philippe P. Dauman and Michael D.
Fricklas, and each of them, his true and lawful attorney-in-fact
and agent, with full power of substitution and resubstitution,
for him and in his name, place and stead, in any and all
capacities, to sign (1) a registration statement on Form S-8, or
such other form as may be recommended by counsel, to be filed
with the Securities and Exchange Commission (the "Commission"),
and any and all amendments and post-effective amendments thereto
and supplements to the Prospectus contained therein, and any and
all instruments and documents filed as a part of or in connection
with the said registration statement or amendments thereto or
supplements or amendments to such Prospectus, covering the
securities of Viacom Inc. to be issued pursuant to the Paramount
stock options plans assumed by Viacom Inc. pursuant to the
Amended and Restated Plan of Merger, dated as of February 4,
1994, as further amended as of May 26, 1994, among Viacom Inc.,
Viacom International Inc. and Paramount Communications Inc., and
(2) any registration statements, reports and applications
relating to such securities to be filed by the Company with the
Commission and/or any national securities exchanges under the
Securities Exchange Act of 1934, as amended, and any and all
amendments thereto, and any and all instruments and documents
filed as part of or in connection with such registration
statements or reports or amendments thereto; granting unto said
attorney-in-fact and agent, full power and authority to do and
perform each and every act and thing requisite and necessary to
be done, as fully for all intents and purposes as he might or
could do in person, hereby ratifying and confirming all that the
said attorney-in-fact and agent, shall do or cause to be done by
virtue hereof.
IN WITNESS WHEREOF, I have hereunto signed my name this 7th
day of July, 1994.
/s/ GEORGE S. ABRAMS
--------------------
George S. Abrams
EXHIBIT 24
VIACOM INC.
Power of Attorney
KNOW ALL MEN BY THESE PRESENTS that the undersigned director
and/or officer of VIACOM INC., (the "Company"), hereby
constitutes and appoints Philippe P. Dauman and Michael D.
Fricklas, and each of them, his true and lawful attorney-in-fact
and agent, with full power of substitution and resubstitution,
for him and in his name, place and stead, in any and all
capacities, to sign (1) a registration statement on Form S-8, or
such other form as may be recommended by counsel, to be filed
with the Securities and Exchange Commission (the "Commission"),
and any and all amendments and post-effective amendments thereto
and supplements to the Prospectus contained therein, and any and
all instruments and documents filed as a part of or in connection
with the said registration statement or amendments thereto or
supplements or amendments to such Prospectus, covering the
securities of Viacom Inc. to be issued pursuant to the Paramount
stock options plans assumed by Viacom Inc. pursuant to the
Amended and Restated Plan of Merger, dated as of February 4,
1994, as further amended as of May 26, 1994, among Viacom Inc.,
Viacom International Inc. and Paramount Communications Inc., and
(2) any registration statements, reports and applications
relating to such securities to be filed by the Company with the
Commission and/or any national securities exchanges under the
Securities Exchange Act of 1934, as amended, and any and all
amendments thereto, and any and all instruments and documents
filed as part of or in connection with such registration
statements or reports or amendments thereto; granting unto said
attorney-in-fact and agent, full power and authority to do and
perform each and every act and thing requisite and necessary to
be done, as fully for all intents and purposes as he might or
could do in person, hereby ratifying and confirming all that the
said attorney-in-fact and agent, shall do or cause to be done by
virtue hereof.
IN WITNESS WHEREOF, I have hereunto signed my name this 7th
day of July, 1994.
/s/ FRANK J. BIONDI, JR.
------------------------
Frank J. Biondi, Jr.
EXHIBIT 24
VIACOM INC.
Power of Attorney
KNOW ALL MEN BY THESE PRESENTS that the undersigned director
and/or officer of VIACOM INC., (the "Company"), hereby
constitutes and appoints Philippe P. Dauman and Michael D.
Fricklas, and each of them, his true and lawful attorney-in-fact
and agent, with full power of substitution and resubstitution,
for him and in his name, place and stead, in any and all
capacities, to sign (1) a registration statement on Form S-8, or
such other form as may be recommended by counsel, to be filed
with the Securities and Exchange Commission (the "Commission"),
and any and all amendments and post-effective amendments thereto
and supplements to the Prospectus contained therein, and any and
all instruments and documents filed as a part of or in connection
with the said registration statement or amendments thereto or
supplements or amendments to such Prospectus, covering the
securities of Viacom Inc. to be issued pursuant to the Paramount
stock options plans assumed by Viacom Inc. pursuant to the
Amended and Restated Plan of Merger, dated as of February 4,
1994, as further amended as of May 26, 1994, among Viacom Inc.,
Viacom International Inc. and Paramount Communications Inc., and
(2) any registration statements, reports and applications
relating to such securities to be filed by the Company with the
Commission and/or any national securities exchanges under the
Securities Exchange Act of 1934, as amended, and any and all
amendments thereto, and any and all instruments and documents
filed as part of or in connection with such registration
statements or reports or amendments thereto; granting unto said
attorney-in-fact and agent, full power and authority to do and
perform each and every act and thing requisite and necessary to
be done, as fully for all intents and purposes as he might or
could do in person, hereby ratifying and confirming all that the
said attorney-in-fact and agent, shall do or cause to be done by
virtue hereof.
IN WITNESS WHEREOF, I have hereunto signed my name this 7th
day of July, 1994.
/s/ WILLIAM C. FERGUSON
-----------------------
William C. Ferguson
EXHIBIT 24
VIACOM INC.
Power of Attorney
KNOW ALL MEN BY THESE PRESENTS that the undersigned director
and/or officer of VIACOM INC., (the "Company"), hereby
constitutes and appoints Philippe P. Dauman and Michael D.
Fricklas, and each of them, his true and lawful attorney-in-fact
and agent, with full power of substitution and resubstitution,
for him and in his name, place and stead, in any and all
capacities, to sign (1) a registration statement on Form S-8, or
such other form as may be recommended by counsel, to be filed
with the Securities and Exchange Commission (the "Commission"),
and any and all amendments and post-effective amendments thereto
and supplements to the Prospectus contained therein, and any and
all instruments and documents filed as a part of or in connection
with the said registration statement or amendments thereto or
supplements or amendments to such Prospectus, covering the
securities of Viacom Inc. to be issued pursuant to the Paramount
stock options plans assumed by Viacom Inc. pursuant to the
Amended and Restated Plan of Merger, dated as of February 4,
1994, as further amended as of May 26, 1994, among Viacom Inc.,
Viacom International Inc. and Paramount Communications Inc., and
(2) any registration statements, reports and applications
relating to such securities to be filed by the Company with the
Commission and/or any national securities exchanges under the
Securities Exchange Act of 1934, as amended, and any and all
amendments thereto, and any and all instruments and documents
filed as part of or in connection with such registration
statements or reports or amendments thereto; granting unto said
attorney-in-fact and agent, full power and authority to do and
perform each and every act and thing requisite and necessary to
be done, as fully for all intents and purposes as he might or
could do in person, hereby ratifying and confirming all that the
said attorney-in-fact and agent, shall do or cause to be done by
virtue hereof.
IN WITNESS WHEREOF, I have hereunto signed my name this 7th
day of July, 1994.
/s/ H. WAYNE HUIZENGA
---------------------
H. Wayne Huizenga
EXHIBIT 24
VIACOM INC.
Power of Attorney
KNOW ALL MEN BY THESE PRESENTS that the undersigned director
and/or officer of VIACOM INC., (the "Company"), hereby
constitutes and appoints Philippe P. Dauman and Michael D.
Fricklas, and each of them, his true and lawful attorney-in-fact
and agent, with full power of substitution and resubstitution,
for him and in his name, place and stead, in any and all
capacities, to sign (1) a registration statement on Form S-8, or
such other form as may be recommended by counsel, to be filed
with the Securities and Exchange Commission (the "Commission"),
and any and all amendments and post-effective amendments thereto
and supplements to the Prospectus contained therein, and any and
all instruments and documents filed as a part of or in connection
with the said registration statement or amendments thereto or
supplements or amendments to such Prospectus, covering the
securities of Viacom Inc. to be issued pursuant to the Paramount
stock options plans assumed by Viacom Inc. pursuant to the
Amended and Restated Plan of Merger, dated as of February 4,
1994, as further amended as of May 26, 1994, among Viacom Inc.,
Viacom International Inc. and Paramount Communications Inc., and
(2) any registration statements, reports and applications
relating to such securities to be filed by the Company with the
Commission and/or any national securities exchanges under the
Securities Exchange Act of 1934, as amended, and any and all
amendments thereto, and any and all instruments and documents
filed as part of or in connection with such registration
statements or reports or amendments thereto; granting unto said
attorney-in-fact and agent, full power and authority to do and
perform each and every act and thing requisite and necessary to
be done, as fully for all intents and purposes as he might or
could do in person, hereby ratifying and confirming all that the
said attorney-in-fact and agent, shall do or cause to be done by
virtue hereof.
IN WITNESS WHEREOF, I have hereunto signed my name this 7th
day of July, 1994.
/s/ KEN MILLER
--------------
Ken Miller
EXHIBIT 24
VIACOM INC.
Power of Attorney
KNOW ALL MEN BY THESE PRESENTS that the undersigned director
and/or officer of VIACOM INC., (the "Company"), hereby
constitutes and appoints Philippe P. Dauman and Michael D.
Fricklas, and each of them, his true and lawful attorney-in-fact
and agent, with full power of substitution and resubstitution,
for him and in his name, place and stead, in any and all
capacities, to sign (1) a registration statement on Form S-8, or
such other form as may be recommended by counsel, to be filed
with the Securities and Exchange Commission (the "Commission"),
and any and all amendments and post-effective amendments thereto
and supplements to the Prospectus contained therein, and any and
all instruments and documents filed as a part of or in connection
with the said registration statement or amendments thereto or
supplements or amendments to such Prospectus, covering the
securities of Viacom Inc. to be issued pursuant to the Paramount
stock options plans assumed by Viacom Inc. pursuant to the
Amended and Restated Plan of Merger, dated as of February 4,
1994, as further amended as of May 26, 1994, among Viacom Inc.,
Viacom International Inc. and Paramount Communications Inc., and
(2) any registration statements, reports and applications
relating to such securities to be filed by the Company with the
Commission and/or any national securities exchanges under the
Securities Exchange Act of 1934, as amended, and any and all
amendments thereto, and any and all instruments and documents
filed as part of or in connection with such registration
statements or reports or amendments thereto; granting unto said
attorney-in-fact and agent, full power and authority to do and
perform each and every act and thing requisite and necessary to
be done, as fully for all intents and purposes as he might or
could do in person, hereby ratifying and confirming all that the
said attorney-in-fact and agent, shall do or cause to be done by
virtue hereof.
IN WITNESS WHEREOF, I have hereunto signed my name this 7th
day of July, 1994.
/s/ BRENT D. REDSTONE
---------------------
Brent D. Redstone
EXHIBIT 24
VIACOM INC.
Power of Attorney
KNOW ALL MEN BY THESE PRESENTS that the undersigned director
and/or officer of VIACOM INC., (the "Company"), hereby
constitutes and appoints Philippe P. Dauman and Michael D.
Fricklas, and each of them, his true and lawful attorney-in-fact
and agent, with full power of substitution and resubstitution,
for him and in his name, place and stead, in any and all
capacities, to sign (1) a registration statement on Form S-8, or
such other form as may be recommended by counsel, to be filed
with the Securities and Exchange Commission (the "Commission"),
and any and all amendments and post-effective amendments thereto
and supplements to the Prospectus contained therein, and any and
all instruments and documents filed as a part of or in connection
with the said registration statement or amendments thereto or
supplements or amendments to such Prospectus, covering the
securities of Viacom Inc. to be issued pursuant to the Paramount
stock options plans assumed by Viacom Inc. pursuant to the
Amended and Restated Plan of Merger, dated as of February 4,
1994, as further amended as of May 26, 1994, among Viacom Inc.,
Viacom International Inc. and Paramount Communications Inc., and
(2) any registration statements, reports and applications
relating to such securities to be filed by the Company with the
Commission and/or any national securities exchanges under the
Securities Exchange Act of 1934, as amended, and any and all
amendments thereto, and any and all instruments and documents
filed as part of or in connection with such registration
statements or reports or amendments thereto; granting unto said
attorney-in-fact and agent, full power and authority to do and
perform each and every act and thing requisite and necessary to
be done, as fully for all intents and purposes as he might or
could do in person, hereby ratifying and confirming all that the
said attorney-in-fact and agent, shall do or cause to be done by
virtue hereof.
IN WITNESS WHEREOF, I have hereunto signed my name this 7th
day of July, 1994.
/s/ SUMNER M. REDSTONE
----------------------
Sumner M. Redstone
EXHIBIT 24
VIACOM INC.
Power of Attorney
KNOW ALL MEN BY THESE PRESENTS that the undersigned director
and/or officer of VIACOM INC., (the "Company"), hereby
constitutes and appoints Philippe P. Dauman and Michael D.
Fricklas, and each of them, his true and lawful attorney-in-fact
and agent, with full power of substitution and resubstitution,
for him and in his name, place and stead, in any and all
capacities, to sign (1) a registration statement on Form S-8, or
such other form as may be recommended by counsel, to be filed
with the Securities and Exchange Commission (the "Commission"),
and any and all amendments and post-effective amendments thereto
and supplements to the Prospectus contained therein, and any and
all instruments and documents filed as a part of or in connection
with the said registration statement or amendments thereto or
supplements or amendments to such Prospectus, covering the
securities of Viacom Inc. to be issued pursuant to the Paramount
stock options plans assumed by Viacom Inc. pursuant to the
Amended and Restated Plan of Merger, dated as of February 4,
1994, as further amended as of May 26, 1994, among Viacom Inc.,
Viacom International Inc. and Paramount Communications Inc., and
(2) any registration statements, reports and applications
relating to such securities to be filed by the Company with the
Commission and/or any national securities exchanges under the
Securities Exchange Act of 1934, as amended, and any and all
amendments thereto, and any and all instruments and documents
filed as part of or in connection with such registration
statements or reports or amendments thereto; granting unto said
attorney-in-fact and agent, full power and authority to do and
perform each and every act and thing requisite and necessary to
be done, as fully for all intents and purposes as he might or
could do in person, hereby ratifying and confirming all that the
said attorney-in-fact and agent, shall do or cause to be done by
virtue hereof.
IN WITNESS WHEREOF, I have hereunto signed my name this 7th
day of July, 1994.
/s/ FREDERIC V. SALERNO
-----------------------
Frederic V. Salerno
EXHIBIT 24
VIACOM INC.
Power of Attorney
KNOW ALL MEN BY THESE PRESENTS that the undersigned director
and/or officer of VIACOM INC., (the "Company"), hereby
constitutes and appoints Philippe P. Dauman and Michael D.
Fricklas, and each of them, his true and lawful attorney-in-fact
and agent, with full power of substitution and resubstitution,
for him and in his name, place and stead, in any and all
capacities, to sign (1) a registration statement on Form S-8, or
such other form as may be recommended by counsel, to be filed
with the Securities and Exchange Commission (the "Commission"),
and any and all amendments and post-effective amendments thereto
and supplements to the Prospectus contained therein, and any and
all instruments and documents filed as a part of or in connection
with the said registration statement or amendments thereto or
supplements or amendments to such Prospectus, covering the
securities of Viacom Inc. to be issued pursuant to the Paramount
stock options plans assumed by Viacom Inc. pursuant to the
Amended and Restated Plan of Merger, dated as of February 4,
1994, as further amended as of May 26, 1994, among Viacom Inc.,
Viacom International Inc. and Paramount Communications Inc., and
(2) any registration statements, reports and applications
relating to such securities to be filed by the Company with the
Commission and/or any national securities exchanges under the
Securities Exchange Act of 1934, as amended, and any and all
amendments thereto, and any and all instruments and documents
filed as part of or in connection with such registration
statements or reports or amendments thereto; granting unto said
attorney-in-fact and agent, full power and authority to do and
perform each and every act and thing requisite and necessary to
be done, as fully for all intents and purposes as he might or
could do in person, hereby ratifying and confirming all that the
said attorney-in-fact and agent, shall do or cause to be done by
virtue hereof.
IN WITNESS WHEREOF, I have hereunto signed my name this 7th
day of July, 1994.
/s/ WILLIAM SCHWARTZ
--------------------
William Schwartz