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Bud Paxson Retires

D

DiamondJoe

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http://www.mlive.com/newsflash/busi...-51/1131414543260731.xml&storylist=mibusiness

WEST PALM BEACH, Fla. (AP) — Paxson Communications Corp. founder and chief executive Lowell "Bud" Paxson is resigning from the broadcast network and television station operator, the Florida-based company said Monday.

He will be succeeded as chief executive by R. Brandon Burgess, an executive vice president of General Electric Co.'s NBC Universal, which owns a 32 percent stake in Paxson.

Paxson, who started the company in 1991 after co-founding the Home Shopping Network, will now have the title of chairman emeritus, said Leslie Monreal, a spokeswoman for Paxson Communications...
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