LV restaurant not part of Viacom, BET merger

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Friday, Nov. 3, 2000 | 11:07 a.m.

THE ASSOCIATED PRESS

NEW YORK -- Viacom Inc., the media conglomerate that owns CBS and the MTV cable networks, said Thursday it will acquire BET Holdings II Inc., the parent company of Black Entertainment Television, for $3 billion in stock and debt.

Washington, D.C.-based BET specializes in media and entertainment offerings for blacks.

In Las Vegas, BET owns the Tres Jazz restaurant at the Paris Las Vegas hotel-casino. A spokesman for BET said today that Tres Jazz would not be part of the transaction and that ownership would be retained by Chairman and Chief Executive Officer Robert Johnson and President and Chief Operating Officer Debra Lee.