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NATION'S FIRST TV SPIN-OFF FROM A WEBSITE--
MONEYWATCHTV.COM-- DEBUTS ON PAX

Entertaining Format Aims To Make Families 'Internet Smart' About Finances

CONTACT: Mark Hopkinson 561/750-9800 x14
Email: mhopkinson@TransMediagroup.com

FOR IMMEDIATE RELEASE
WEST PALM BEACH, FL., June 7, 2000.--More than 80 million PAX TV households across the country now have the opportunity to wake up Monday-thru-Friday to a lively, informative new show called MoneyWatchTV.com, designed to make them "Internet Smart" about family finances.

A spin-off from its own website, MoneyWatchTV.com debuted nationwide with a dot-com-friendly approach to helping families improve their finances. Snappy, easy-to-follow tips, news and advice on how to make the most of the Internet are presented by anchor Denise Jakows, with field reports by Angela Manfredi and Ed David.

The half-hour TV spin-off is the creation of veteran broadcaster Mary Tomlinson, who believes the show is the first to combine an Internet site and a daily network TV show to empower mom, dad and the children with "Internet Smarts." "We take the whole family by the hand safely along the information highway, stopping at insightful lookouts along the way so they can see the best ways they can use the Internet to address their everyday financial concerns," she said.

"While the Internet is accessible to nearly 60 percent of all Americans, millions of families still are confused or leery about it, with the result that they're not taking full advantage of the good things it has to offer," Tomlinson said. The show includes segments on how to go online to trade stocks, auction merchandise, get the best loan or mortgage, make the best travel arrangements or find the best daycare.

"The family focus of MoneyWatchTV.com fits well with our programming lineup on PAX," said Lowell "Bud" Paxson, Chairman of Paxson Communications Corporation. "The show not only mirrors our philosophy of providing entertaining programming for our viewers, but extends it to helping families with their finances," he added.

MoneyWatchTV.com is broadcast from 6:30 to 7 A.M. daily on PAX TV and on the MoneyWatchTV.com website continuously. TV anchor Jakows and reporters Manfredi and David bring nearly 40 years of combined television experience to the show, including stints at WPTV-TV (NBC), WPBF-TV (ABC) and WXEL-TV (PBS).{main}

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