UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 25, 2003
PAXSON COMMUNICATIONS CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 1-13452 59-3212788
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(State or other jurisdiction of (Commission File Number) IRS Employer
incorporation) Identification No.
601 Clearwater Park Road, West Palm Beach, FL 33401-6233
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (561) 659-4122
N/A
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(Former name or former address, if changed since last report)
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
( c ) Exhibits. The following item is furnished as an Exhibit to this Report:
99-1 Press release dated March 25, 2003 announcing the Registrant's fourth
quarter and full year 2002 financial results.
ITEM 9. REGULATION FD DISCLOSURE
On March 25, 2003, the Registrant announced its fourth quarter and full
year 2002 financial results. The Registrant also announced that it will be
restating its quarterly financial results for 2002 in order to correct an
accounting matter with respect to deferred tax adjustments resulting from the
Company's adoption of SFAS No. 142, "Goodwill and Other Intangible Assets." The
Registrant has furnished the press release announcing these events as Exhibit
99-1 to this Form 8-K.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
PAXSON COMMUNICATIONS CORPORATION
(Registrant)
By: /s/ Thomas E. Severson, Jr.
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Thomas E. Severson, Jr.
Senior Vice President
Chief Financial Officer and Treasurer
Date: March 26, 2003
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