| Business Summary | | Paxson
Communications
Corporation
is
a
network
television
broadcasting
company
whose
principal
business
is
the
ownership
and
operation
of
the
largest
broadcast
television
station
group
in
the
United
States
through
which
it
broadcasts
PAX
TV,
the
Company's
family
programming
network.
The
PAX
TV
Network
reaches
US
television
households
through
a
distribution
system
comprised
of
owned
and
affiliated
broadcast
television
stations,
cable
television
systems
in
markets
not
served
by
a
PAX
TV
station
and
nationwide
through
satellite
television
providers.
According
to
Nielsen
Television
Index,
as
of
February
2001,
the
PAX
TV
Network
reached
82%
of
US
primetime
television
households
through
owned
or
affiliated
broadcast
stations,
cable
and
satellite
distribution.
Upon
completion
of
pending
transactions,
the
PAX
TV
Network
will
include
124
broadcast
television
stations,
consisting
of
65
of
the
73
stations,
which
are
owned
and
operated
by
the
Company
and
59
independently
owned
PAX
TV
affiliates. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Paxson
Communications
Corporation
is
a
network
television
broadcasting
company
whose
principal
business
is
the
ownership
and
operation
of
the
largest
broadcast
television
station
group
in
the
U.S.
For
the
six
months
ended
6/30/01,
revenues
rose
2%
to
$137
million.
Net
loss
applicable
to
Common
decreased
17%
to
$129.6
million.
Results
reflect
increased
advertising
revenue
from
the
PAX
TV
network,
and
the
absence
of
realized
value
from
programming
rights
adjustment. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Lowell Paxson, 65 Chairman | $610K | -- | Jeffrey Sagansky, 49 Pres,
CEO, Director | 671K | -- | William Simon, Jr., 49 Vice
Chairman | -- | -- | Dean Goodman, 53 COO | 1.5M | $1.0M | Anthony Morrison, 39 Exec.
VP, Sec. and CLO | 304K | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|