The journalist who put that piece together should be fired. Mentions only old news, nothing about Paxson resignation and new NBC deal.
"Paxson Communications (amex: PAX - news - people ) owns 60 stations as well as programming assets. Founder Bud Paxson recently took the risky step of severing all of the company�s network affiliations in order to position it as an independent television network. The company is highly indebted and by some accounts may be insolvent. As a result the stock is very speculative."