Paxson Communications Supports FCC ChairmanKennard's Position On Upcoming SpectrumAuctions.

Business Editors

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Nov. 2, 2000

Paxson Communications Corporation (AMEX:PAX) today commended FCC Chairman William E. Kennard for his recent support of the FCC maintaining the December date for the C and F Block spectrum auction as well as

the March 6, 2001 date for the auction of the 700 MHz UHF spectrum. Both of these auctions will provide spectrum to be used for next generation enhanced 3G wireless communications services. In a letter dated October 26, written to the Chairman of the House Commerce Committee Tom Bliley, Chairman Kennard was quoted, "It is important to the public and to our economy to proceed promptly with these auctions and make more spectrum available as quickly as possible."

Company Chairman, Lowell "Bud" Paxson said, "Although Chairman Kennard and television broadcasters have not always seen eye to eye on certain issues concerning the acceleration of digital television in the US, we both clearly agree that maintaining the March 2001 date for auctioning off the 700 MHz UHF spectrum will certainly speed the transition of analog television to digital. In addition, this spectrum auction will also adhere to President Clinton's recent directive that additional spectrum be deployed immediately for third generation wireless devices to fuel the migration of the internet onto a wireless platform."

About Paxson Communications Corporation

Paxson Communications Corporation owns and operates the nation's largest broadcast television station group and PAX TV, the newest broadcast television network. PAX, the national family entertainment network, reaches 81% of U.S. television households via nationwide broadcast television, cable and satellite distribution systems. Through the company's strategic relationship with NBC, the two networks recently shared the premiere of the new dramatic series "Mysterious Ways" from July to mid-September. The series continues every Tuesday this fall on PAX, together with other original 8:00 p.m. (ET/PT) series such as "Twice In A Lifetime," "It's A Miracle" and "Encounters with the Unexplained." For more information, visit PAX TV's website at www.pax.tv.

This press release contains "forward-looking statements," within the meaning of federal securities laws, that involve risks and uncertainties. All statements herein, other than those consisting solely of historical facts, that address activities, events or developments that the Company expects or anticipates will or may occur in the future including such things as business strategy, measures to implement strategy, competitive strengths, goals, expectations is subject to a number of risks and uncertainties and important factors that could cause actual results, events and developments to differ materially from those referenced in, contemplated by or underlying any forward-looking statements herein, including, among others, the continued development and viability of the Company's television operations, the Company's ability to manage its growth, the Company's high level of references to future success and other events may be forward-looking statements. Statements herein are based on certain assumptions and analysis made by the Company in light of its experience and its perception of historical trends, current conditions and potential future developments, as well as other factors it believes are appropriate in the circumstances. However, whether actual results, events and developments will conform with the Company's indebtedness, restrictions imposed on the Company by the terms of its indebtedness and preferred stock, the impact of government regulations, industry and economic conditions, competition, changes in operating expenses, industry and economic conditions and other factors, many of which are beyond the control of the Company. Consequently, all forward-looking statements made herein are qualified by these cautionary statements and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized.