Paxson Communications expands inTV Network and announces plans to acquire Jacksonville radio station.WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Sept. 12, 1996--Paxson Communications Corp. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :PXN) announced Thursday Thursday: see week. its plans to expand its inTV Network by acquiring three television stations in separate transactions: KCMY KCMY Black, Cyan, Magenta, Yellow (4-color printing process; a reordered CMYK) TV-29, serving the Sacramento Sacramento, city, United States Sacramento (săkrəmĕn`tō), city (1990 pop. 369,365), state capital and seat of Sacramento co., central Calif. , Calif. market, the 21st largest television market in the US, KOOG TV-30, serving the Salt Lake City market, the 37th largest television market in the US and WNAL TV-44, serving the Birmingham Birmingham, cities, United States Birmingham (bûr`mĭnghăm') 1 City (1990 pop. 265,968), seat of Jefferson co., N central Ala., in the Jones Valley near the southern end of the Appalachian system; founded and inc. , Ala ALA aminolevulinic acid. Ala alanine. ala (a´lah) pl. a´lae [L.] a winglike process. . market, the 51st largest television market in the US. In a separate transaction, Paxson Paxson may refer to:
Commenting on the announced acquisitions, Chairman Lowell "Bud" Paxson said, "These acquisitions allow the company to continue its dual strategy of rapidly expanding the inTV Network into every major US television market and increasing the Paxson radio group's presence in every major Florida market." After completing these and other previously announced acquisitions, Paxson's inTV Network will include 44 owned, operated or affiliated television stations in markets reaching over 49.7 million television households. Paxson's radio group will operate 39 radio stations including 35 in the state of Florida as well as six radio networks and 455 billboard faces throughout Florida. In addition, Paxson also operates 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 407/655-9424 http://www.paxson.com |
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