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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Ron McKinnon who wrote (38908)	3/14/2002 2:49:01 PM
From: Larry S.	Read Replies (1) \| Respond to of 53068

PAX - Pax Communications, large operator of TV stations, up big today on possible takeover rumors: "10:07AM Paxson rumored to be acquisition target (PAX) 11.10 +0.50: Hearing rumors that Disney (DIS) and GE's (GE) NBC unit, which already has a stake in PAX, are competing to acquire Paxson in the wake of a recent Supreme Court decision which eased restrictions on TV station ownership; rumors suggest a deal is possible over the weekend. There has been no comment from the companies or confirmation of this talk." - from briefing.com with the change in broadcast ownership laws, PAX's stations are getting more interesting to other companies. larry