OTHER NEWS - Jan. 13, 1993

Paramount Profit Up Sharply: Paramount Communications Inc. said its profit rose 21.7% in the fourth quarter and more than doubled for the fiscal year. The publishing and entertainment concern said it earned $101.4 million, or 85 cents per share, in the three months ended Oct. 31, compared to $83.3 million, or 70 cents a share, a year earlier. Revenue for the quarter rose 2.6% to $1.20 billion. The publishing unit turned in a record performance for the year, and results from entertainment operations tripled, the company said.