GULF + WESTERN INC.

corporation that was founded in 1958 by Charles Bluhdorn and became one of the most highly diversified conglomerates in the United States. Gulf + Western took control of the Paramount Pictures Corporation (q.v.) in 1966. Gulf + Western changed its name to Paramount Communications Inc. in 1989 and was acquired by the media conglomerate Viacom Inc. (q.v.) in 1994.