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Business Wire

Paxson Communications Corporation (AMEX:PAX) today announced its participation in Jefferies 2nd Annual Communications and Media Conference being held September 22-23, 2004 at the New York Palace Hotel in New York City. Seth Grossman, Executive VP and Chief Strategic Officer, and Richard Garcia, Senior VP and Chief Financial Officer, are scheduled to present at the conference from 4:00 P.M. - 4:45 P.M. EDT on Wednesday, September 22, 2004. At the time of the presentation, the Company will post a formal slide presentation and script on the Company's website located at http://www.pax.tv/investors.

About Paxson Communications Corporation

Paxson Communications Corporation owns and operates the nation's largest broadcast television distribution system and the PAX TV network, which airs via nationwide broadcast television, cable and satellite distribution systems. PAX TV's original programming slate for the 2004-2005 broadcast season features three new unscripted series, "Cold Turkey," "Model Citizens" and "Second Verdict"; two scripted dramas, "Young Blades" and "Left Behind"; two entertaining variety programs, "America's Most Talented Kids" and "World Cup Comedy," executive produced by Kelsey Grammer; and two fast-paced game shows, "On the Cover" and "Balderdash." Returning series include all-new episodes of PAX's top-rated dramas, "Doc" and "Sue Thomas: F.B.Eye." For more information, visit PAX TV's website at http://www.pax.tv.