PAx get a 1 share in newest ratings. WSJ reports that PAX needed a 1 share to make a profit. This could be BIG!
PAX TV Season 2000 Premieres With
Its Biggest Ratings Punch Ever
Network's Original Prime-Time Series Deliver Winning Scores
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Aug. 31, 1999--Today, PAX TV celebrates
both the one-year anniversary of its launch and the success of last week's new fall season debut. For
the week of August 23 - 27 (8-11PM), PAX achieved an average national rating of 1.1, the national
family entertainment network's highest ever NTI rating in primetime.
The PAX 2000 line up schedules new original shows each night at 8, followed by Touched By An
Angel at 9 and Diagnosis Murder at 10. NTI ratings results for the week were as follows:
DESTINATION STARDOM led off Monday night's primetime 8 - 11PM line-up, which achieved
a 1.1. Tuesday, with CHICKEN SOUP FOR THE SOUL at 8, primetime weighed in at 1.0.
TWICE IN A LIFETIME anchored prime on Wednesday, an evening that delivered a 1.0. The
returning original, IT'S A MIRACLE, inspired Thursday's primetime average to 1.2. On Friday, the
sophomore debut of LITTLE MEN joined the angels and the doctors to score a 1.0.
``We are absolutely delighted by our strong new season launch,' said PAX President and CEO, Jeff
Sagansky. ``We have confidence in our new original series and we know our returning originals are
better than ever, but it still is exciting and gratifying to see it affirmed by our viewers and certified by
Nielsen's scorecard. We look forward to meeting the challenges of setting our goals higher still, and
achieving them.'
PAX TV's Monday through Friday primetime line-up also posted strong local performances last
week, setting a 1.5 weighted average in 38 metered markets and in the nation's three largest
markets: New York (2.2), Los Angeles (1.2) and Chicago (2.3). PAX TV's NSI ratings for the 8 -
11PM time period showed improvement over the network's previous four-week average for August
with respective 22%, 20% and 28% gains in those top three markets.
PAX's new shows received a warm welcome in the top three markets as well. DESTINATION
STARDOM scored a 1.7 in New York, 1.0 in Los Angeles and a 1.2 in Chicago. CHICKEN
SOUP FOR THE SOUL served up a 1.7 in New York, a 1.0 in Los Angeles and a 2.0 in Chicago.
TWICE IN A LIFETIME posted a 1.8 in New York, a 1.8 in Los Angeles and a 1.7 in Chicago.
IT'S A MIRACLE, debuting its second season, delivered a 2.7 in New York, a 1.7 in Los Angeles
and a 2.1 in Chicago.
Provided by Nielsen Media Research, the industry standard for television audience measurement,
PAX TV national ratings are based on NTI reports and local ratings on NSI overnights for the 38
metered-markets serviced by the network.
Upon the completion of pending acquisitions, construction projects, other transactions and
divestitures, Paxson Communications Corp. (AMEX:PAX - news) will own, operate, or have an
economic interest in 72 stations and have 51 additional PAX TV network affiliates carrying the
Company's PAX TV network programming. A complete listing of stations and markets served can
be found by visiting the company's web-site at paxtv.com.
This press release contains ``forward-looking statements,' within the meaning of federal securities
laws, that involve risks and uncertainties. All statements herein, other than those consisting solely of
historical facts, that address activities, events or developments that the Company expects or
anticipates will or may occur in the future, including such things as business strategy, measures to
implement strategy, competitive strengths, goals, references to future success and other events may
be forward-looking statements. Statements herein are based on certain assumptions and analysis
made by the Company in light of its experience and its perception of historical trends, current
conditions and potential future developments, as well as other factors it believes are appropriate in
the circumstances. However, whether actual results, events and developments will conform with the
Company's expectations is subject to a number of risks and uncertainties and important factors that
could cause actual results, events and developments to differ materially from those referenced in,
contemplated by or underlying any forward-looking statements herein, including, among others, the
continued development and viability of the Company's television operations, the Company's ability to
manage its growth, the Company's high level of indebtedness, restrictions imposed on the Company
by the terms of its indebtedness and preferred stock, the impact of government regulations, industry
and economic conditions, competition, changes in operating expenses, industry and economic
conditions and other factors, many of which are beyond the control of the Company. Consequently,
all forward-looking statements made herein are qualified by these cautionary statements and there
can be no assurance that the actual results, events or developments referenced herein will occur or
be realized. |
