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- Subject: NBC/Paxson
- From: email@example.com
- Date: Thu, 16 Sep 1999 09:39:49 -0400
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.
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