Paxson Communications adds two television stations to its Infomall Television Network.

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Aug. 8, 1996--Paxson Communications Corp. (ASE:PXN) announced Thursday that it has expanded its inTV television network by contracting to acquire two major market television stations.

In one transaction, Paxson announced Thursday that is has executed a contract to acquire KAJW TV-51, serving the Phoenix market, the 17th largest television market in the U.S. In a separate transaction, Paxson announced Thursday that it has executed a contract to acquire KMNZ TV-62, serving the Oklahoma City market, the 43rd largest television market in the U.S.

These announced television station transactions continue the expansion of inTV, Paxson's nationwide network of television stations. Including these and previously announced acquisitions, Paxson will own, operate or affiliate with 38 inTV stations in markets containing over 46.8 million television households, including stations in 12 of the 15 largest television markets and 21 of the 30 largest television markets. Since the beginning of 1996, Paxson's inTV network has grown from 15 stations reaching 10.9 million US cable households to a current nationwide network of 30 television stations reaching 15.9 million US cable households. The continued growth of inTV this year has vaulted Paxson's television group to its current ranking as the country's seventh largest television group by Broadcasting & Cable magazine.

Commenting on the announced transactions, Chairman Lowell "Bud" Paxson said: "These acquisitions allow us to continue our plan of growing our nationwide inTV television operations. The addition of these major market stations is part of our focused strategy of bringing inTV into every major television market. We are fulfilling our promise of increasing each inTV station's penetration into the living rooms of America. We look forward to the contribution these two stations will make to what has thus far been a record year for our inTV network."

Paxson Communications is a diversified media company whose other holdings, along with proposed acquisitions consist of 39 radio stations, including 35 in the state of Florida, as well as six radio networks, and the 398 billboard faces throughout Florida and two network-affiliated television stations in West Palm Beach. -0-

NOTE TO EDITORS: In the World Wide Web address noted in this news release, there is a double slash between http: and www.paxson.com. These symbols may not appear properly in some systems.

CONTACT: Paxson Communications Corp., West Palm Beach

Seth A. Grossman, Director of Finance

407/659-4122, fax [phone]

http://www.paxson.com