Viacom said it has exercised its option to purchase half ownership of the United Paramount Network (UPN) from BHC Communications, a subsidiary of Chris-Craft Industries. Effective Jan. 15, Viacom will jointly own and operate UPN with BHC. The UPN broadcast network was created in January 1995 by BHC and the Paramount Television Group, which is part of the Viacom Entertainment Group. UPN currently has 152 affiliates covering approximately 92% of all U.S. television households.
Copyright December 1996, Crain Communications Inc.