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): December 10, 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 5. OTHER EVENTS AND REQUIRED FD DISCLOSURE Attached as Exhibit 99.1 are audited consolidated financial statements of the Registrant as of, and for the nine month period ended on, September 30, 2003, together with the report of the Registrant's independent certified public accountants, Ernst & Young LLP. ITEM 7. FINANCIAL STATEMENTS, PRO-FORMA FINANCIAL INFORMATION AND EXHIBITS (c) Exhibits. The following items are furnished as Exhibits to this Report: 23.1 Consent of Independent Certified Public Accountants. 99.1 Audited consolidated financial statements as of, and for the nine month period ended on, September 30, 2003, together with the report of the Registrant's independent certified public accountants, Ernst & Young LLP. 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 and Chief Financial Officer Date: December 10, 2003 3