Paxson Communications adds two television stations to its Infomall Television Network; inTV expands to 36 TV stations as Paxson adds stations in Minneapolis and Albany.

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--June 4, 1996--Paxson Communications Corp. (ASE:PXN) announced Tuesday that it has acquired WOCD TV-55, serving the Albany, N.Y. market, from Cornerstone TV Inc.

In a separate transaction, Paxson announced Tuesday that it has executed contracts to acquire KXLI TV-41, serving the Minneapolis-St. Paul, Minn. market, from KX Acquisition L.P.

These acquisitions continue the expansion of Paxson's Infomall TV Network, inTV, a nationwide network of television stations dedicated to infomercial programming. Including these and previously announced acquisitions, Paxson will own, operate or affiliate with 36 inTV stations in markets containing over 46.2 million US television households, including stations in 12 of the 15 largest television markets and 21 of the 30 largest television markets.

Commenting on the two announced acquisitions, Chairman Lowell "Bud" Paxson said: "The acquisition of WOCD TV-55 and KXLI TV-41 are part of our focused strategy of bringing inTV into every major television market. We are very pleased to expand Paxson's inTV presence to Albany and Minneapolis-St. Paul, the 14th largest television market."

In addition to Paxson's rapidly expanding Infomall Television Network, Paxson's other media holdings, after completing these and other previously announced acquisitions, include the operation of 38 radio stations (34 in the state of Florida) as well as six radio networks, 333 billboard locations throughout Tampa and Orlando and the operation of two network-affiliated television stations in West Palm Beach.

CONTACT: Paxson Communications Corp., West Palm Beach

Seth A. Grossman, Director of Finance

407/659-4122, Fax [phone]