Peacock set to give Pax the ax

Amdur, Meredith
November 2003
Daily Variety;11/14/2003, Vol. 281 Issue 31, p1
Trade Publication
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.


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