Paxson Communications to Present At Investor Conferences.

Business & Entertainment Editors

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Sept. 19, 2002

Paxson Communications Corporation (AMEX:PAX) today announced its participation in the Merrill Lynch Media & Entertainment Conference being held September 24-26, 2002 at The Ritz-Carlton

Huntington Hotel in Pasadena, California. Jeff Sagansky, President and Chief Executive Officer, and Tom Severson, Senior Vice President and Chief Financial Officer, are scheduled to present on September 24, 2002 from 3:50 P.M. - 4:20 P.M. Pacific Time. Additionally, the Company will also be presenting at the Deutsche Bank 10th Annual Global High Yield Conference being held September 25-27, 2002 at The Phoenician in Scottsdale, Arizona. Mr. Sagansky and Mr. Severson are scheduled to present on September 25, 2002 from 4:10 P.M. - 4:45 P.M. Pacific Time. At the start time of each presentation, the Company will post a formal slide presentation on the PAX website, located at http://www.pax.tv/about.

About Paxson Communications Corporation

Paxson Communications Corporation owns and operates the nation's largest broadcast television distribution system and PAX TV, family television. PAX TV reaches 87% of U.S. television households via nationwide broadcast television, cable and satellite distribution systems. PAX TV's new fall 2002 primetime lineup includes original series premieres of "Body & Soul," starring Peter Strauss and Larissa Laskin, "Just Cause" starring Richard Thomas and Lisa Lackey, and "Sue Thomas: F.B.Eye," starring Deanne Bray in a new series by the producers of "Doc." Returning original PAX series include "It's A Miracle," "Candid Camera" and "Doc," starring recording artist Billy Ray Cyrus. For more information, visit PAX TV's website at http://www.pax.tv.