NAB To Honor Radio/TV's Bud Paxson

Bud Paxson

The National Association of Broadcasters (NAB) announced Friday that it will present the Spirit of Broadcasting Award posthumously to radio and television entrepreneur Lowell “Bud" Paxson during NAB Show in Las Vegas.

Marla Paxson will accept the award for her late husband during the NAB Show Television Luncheon, sponsored by RBC Capital Markets, on April 13 at the Westgate Hotel. Actress Sharon Stone and entertainer Wayne Newton, longtime friends of Paxson, will pay tribute to his memory during the award presentation.

Paxson is the creator and co-founder of Home Shopping Network and family-friendly television network PAX TV, and was a key advocate within the federal government for broadcast television.

“Bud Paxson was a visionary entrepreneur and superb advocate for over-the-air radio and television,” said NAB President and CEO Gordon Smith. “We are proud to honor his spirit with this award.”

Paxson developed a passion for television, radio and showmanship at an early age. He was the star deejay on radio show “Kiddie Go Round” at 14 years old, and following his graduation from Syracuse University, he became an owner of his first TV station by his early twenties.

In 1977, when an advertiser on his Clearwater, Florida radio station could not pay his bill, Paxson accepted 118 avocado green can openers instead of money. Needing to make payroll the next day without the funds to do so, Bud took to the radio microphone and announced he would sell the $30 can openers for $10 to anyone who could come to the station and pay cash. He made payroll and that day started the concept for the most successful television direct sales network in history—Home Shopping Network. By 1985, Home Shopping Network was grossing $1 billion annually.

From 1991 to 1997, Paxson built a 46 station radio and television conglomerate, which became the largest group of broadcast properties in Florida. In addition to its Florida presence, Paxson’s radio holdings included state radio networks in Tennessee and South Carolina, and sports networks in Georgia, Pennsylvania, and Virginia. In 1997, Paxson sold Paxson Communications’ radio stations to Clear Channel for nearly $700 million.

The Spirit of Broadcasting Award recognizes general excellence and leadership and is given to individuals or organizations that have made lasting contributions to over-the-air broadcasting.