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Jeff Sagansky Resigns From Paxson's Board

Business & Entertainment Editors

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Aug. 19, 2003--Lowell W. Paxson, Chairman of Paxson Communications Corporation (AMEX:PAX), announced today that Jeff Sagansky has resigned from his position as Vice-Chairman and a member of the Board of Directors of Paxson Communications Corporation. The company will be initiating a search to fill his position.

Mr. Paxson said, "Jeff is stepping down from the board to explore various opportunities in the broadcast industry. We'd like to thank Jeff for his contributions to PAX over the years and wish him continued success in the future."

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 88% of U.S. television households via nationwide broadcast television, cable and satellite distribution systems. PAX TV's 2003 fall season premieres with all new episodes of returning original drama series including "Doc," starring recording artist Billy Ray Cyrus, and "Sue Thomas: F.B.Eye," starring Deanne Bray. Other original PAX series include "It's A Miracle" with new host, Roma Downey, "Candid Camera" and "Animal Tails." For more information, visit PAX TV's website at http://www.pax.tv.

    CONTACT: Paxson Communications Corporation, West Palm Beach
             Nancy Udell,              Maria Dinoia,              or
             Investor Contact:
             Tom Severson,              Cheryl Scully, ,  fax

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