Paxson Group: landmarks
Chronology
This chronology is indicative only. It covers -
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- beginnings (1956)
- born again (1986)
- NBC deal (1999)
Context is provided by the broader communications and media timeline on this site.
Beginnings
1956 Lowell Paxson buys radio station WACK in Newark, New Jersey
1981 Home Shopping Channel launched on Tampa cable tv
1985 Home Shopping Channel renamed Home Shopping Club and starts nationwide 24 hr broadcasting through cable and local stations
1986 renamed Home Shopping Network and listed on the American Stock Exchange
1986 Paxson involved in establishment of 'infomercial' producer Silver King Communications
Born again
1986 Lowell Paxson 'born again' in Las Vegas
1991 sells Home Shopping Network and Silver King
1991 Paxson Broadcasting founded
1991 Paxson Communications Corporation established
1994 buys independent TV station in Miami
1994 buys American Network Group
1995 establishes Infomall TV Network ('IN TV')
1995 buys WPXB TV-60 (Merrimack, New Hampshire) for US$3m
1997 US Supreme Court upholds cable "must carry" broadcast TV legislation
1997 Paxson sells radio 46 stations and outdoor advertising operation to Clear
1998 launch of PAX TV 'seventh network'
1998 buys KPXF (Fresno, California) for US$8m
1998 sells WBPT Bridgeport to Cuchifritos Communications for US$22m
NBC deal
1999 NBC takes 32% stake in Paxson for US$415m
2002 Paxson sells KPXF (Fresno, California) to Univision for US$35m
2002 sells WPXB TV-60 (Merrimack, NH) to NBC for US$26m
2004 sells KPXJ-TV (Shreveport, Louisiana) to Minden Television for US$10m