UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 14, 2003 PAXSON COMMUNICATIONS CORPORATION ------------------------------------------------------ (Exact name of registrant as specified in its charter) Delaware 1-13452 59-3212788 ---------------------------- ------------------------ ---------------- (State or other jurisdiction (Commission File Number) IRS Employer of incorporation) Identification No. 601 Clearwater Park Road, West Palm Beach, FL 33401-6233 -------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (561) 659-4122 N/A -------------------------------------------------------- (Former name or former address, if changed since last report) ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits. The following item is furnished as an Exhibit to this Report: 99.1 Press release dated May 14, 2003 announcing the Registrant's financial results for the first quarter ended March 31, 2003. ITEM 9. REGULATION FD DISCLOSURE On May 14, 2003, the Registrant announced its financial results for the first quarter ended March 31, 2003. The Registrant has furnished the press release announcing these results as Exhibit 99.1 to this Form 8-K. The information contained in this report on Form 8-K is being furnished pursuant to Item 12 of Form 8-K as directed by the U.S. Securities and Exchange Commission in Release No. 34-47583. 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PAXSON COMMUNICATIONS CORPORATION (Registrant) By: /s/ Thomas E. Severson, Jr. ------------------------------------- Thomas E. Severson, Jr. Senior Vice President Chief Financial Officer and Treasurer Date: May 14, 2003 3