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Paxson Delays Earnings - Broadcasting & Cable

Paxson Delays Earnings

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In a move that's never a good sign, Paxson Communications Corp. delayed the release of its third-quarter earnings report, but it didn't detail the problem.

The company had scheduled the release and a conference call with investors for Monday afternoon. The broadcaster said only that it needed additional time necessary to "valuate certain non-cash issues related to its third-quarter 2004 financial results."

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