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NBC/Paxson

According to the AP this morning (8:25AM), NBC will pay $415 million for
a 32% share of Paxson Communications.
AP speculates that NBC might then be in a position to provide programming
to Paxson's 72 TV stations.

The deal also gives NBC first dibs on later buying up to 49% of Paxson,
including Lowell Paxson's controlling stock.  At that future point,
assuming FCC rules allow it, NBC would then takeover Paxson.

Ed Brouder
Man From Mars Productions
http://www.manfrommars.com

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