TITLE

Peacock set to give Pax the ax

AUTHOR(S)
Amdur, Meredith
PUB. DATE
November 2003
SOURCE
Daily Variety;11/14/2003, Vol. 281 Issue 31, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the termination of National Broadcasting Corp.'s (NBC) investment on the West Palm Beach, Florida-based broadcaster Paxson Communications Corp. Factors that prompted NBC to make such move; Demands made by NBC on Paxson that the latter should buy back in cash all of the preferred shares and accrued dividends of Paxson held by NBC; Position taken by Paxson concerning its obligation to meet the demands of NBC.
ACCESSION #
11431512

 

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