Revenues for the company, which included one month's performance of Paramount Communications, rose to $878.4 million, compared with $470.7 million a year earlier.

But last year, movie-making and television operations accounted for more than 60 percent of Paramount Communications' $3.9 billion in revenues.

In theory, the team's equipment belongs to Paramount Communications.

After the close, Paramount Communications raised its bid for Time to $200 a share, from $175.

The bitter fight over Paramount Communications underlined the value of movie studios.

Viacom's purchase of Paramount Communications is just a year old, but the company seems to be performing well.

G+W would change its name to Paramount Communications in 1989.

It has finally surged past the $50 a share that Paramount Communications offered for the company in 1989.

It is no longer clear which offer a rational owner of Paramount Communications should pick.

Two years ago Paramount Communications spent $200 million to complete a renovation of the Garden.