The Finch Formerly Known As Gold

6 February 2005

Pax packs it up

Way back in the fall of 1997, I saw bright prospects for Lowell "Bud" Paxson's ragtag television network, which launched the following year.

This, apparently, is the year it dies: this past week about fifty executives were pink-slipped, including President Bill Scott, which means generally one more press release before the doors close entirely.

What will happen to the sixty TV stations Pax TV owns is not clear, though NBC Universal, which owns just under a third of the network and which has been providing support for Pax stations through NBC affiliates, is presumably the most likely scavenger, especially since NBC demanded in the fall of '03 that Pax redeem NBC's Class B preferred stock and Pax begged off, pleading poverty.

It's probably a safe bet that most of the Pax stations will get new calls, since they all seem to have the ill-fated "PX" letter combination somewhere.

(Scissored out of a much longer piece by Jeff Jarvis.)

Posted at 3:38 PM to Almost Yogurt


Sad, but the niche they were programming for was already pretty well served by certain cable channels.

Posted by: McGehee at 8:19 AM on 7 February 2005

What?!

No more Dr. Billy Ray Mullet? Where will I get wholesome craptacular programming and endless reruns of Touched By an Angel?

Posted by: Dan at 1:18 PM on 7 February 2005

Professionally, they've been on my radar for a while, since they are a Florida-headquartered public company. The decline's not surprising, and the NBC deal was pretty much seen as a preliminary for eventual 100% acquisition.

Personally, they lost my eyeballs when they ceased airing "Eight Is Enough" reruns.

Posted by: CT at 3:38 PM on 7 February 2005

Oh no! Now where will I get my "Shop Till You Drop" fix?

Posted by: Nixon1971 at 11:56 PM on 8 February 2005