EXHIBIT 99.2
PAXSON COMMUNICATIONS CORPORATION
NOTICE OF GUARANTEED DELIVERY
(NOT TO BE USED FOR SIGNATURE GUARANTEE)
As set forth in the Prospectus of Paxson Communications Corporation (the
"Company") dated , 2002 (the "Prospectus"), in the section entitled
"The Exchange Offer -- Procedures for Tendering" and in the accompanying Letter
of Transmittal (the "Letter of Transmittal") and Instruction 1 thereto, this
form or one substantially equivalent hereto must be used to accept the exchange
offer referred to in the Prospectus if 12 1/4% Senior Subordinated Discount
Notes due 2009 (the "Original Notes") of the Company are not immediately
available or time will not permit the holder's Original Notes or other required
documents to reach the exchange agent identified in the Prospectus, or time will
not permit the holder to complete the procedures for book-entry transfer, prior
to the expiration date (as defined in the Prospectus) of the exchange offer.
This form may be delivered by hand or sent by overnight courier, facsimile
transmission or registered or certified mail to the exchange agent and must be
received by the exchange agent prior to 5:00 p.m., New York City time on
, 2002.
To:
The Bank of New York, as Exchange Agent
By Registered or Certified Mail, by Overnight Courier or By Hand:
15 Broad Street
Reorganization Unit, 16th Floor
New York, NY 10286
Attention:
<Table>
By Facsimile: Confirm by Telephone:
( ) ( )
</Table>
DELIVERY OF THIS INSTRUMENT TO AN ADDRESS OTHER THAN AS
SET FORTH ABOVE OR TRANSMISSION VIA FACSIMILE NUMBER OTHER THAN
THE ONE LISTED ABOVE WILL NOT CONSTITUTE A VALID DELIVERY.
Ladies and Gentlemen:
The undersigned hereby tender(s) to Paxson Communications Corporation the
principal amount of Original Notes listed below, upon the terms of and subject
to the conditions set forth in the Prospectus and the related Letter of
Transmittal and the instructions thereto (which together constitute the
"Exchange Offer"), receipt of which is hereby acknowledged, pursuant to the
guaranteed delivery procedures set forth in the Prospectus, as follows:
<Table>
<Caption>
PRINCIPAL AMOUNT
NOTE CERTIFICATE NOS. REPRESENTED BY NOTE(S) PRINCIPAL AMOUNT TENDERED
- -----------------------------------------------------------------------------------------------------
$ $
- -----------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------
</Table>
The Book-Entry Transfer Facility Account Number
(if the Original Notes will be tendered by book-entry transfer)
Account Number Principal Amount Tendered
Name of Record Holder(s)
--------------------------------------------------------------------------
--------------------------------------------------------------------------
(PLEASE PRINT OR TYPE)
Address:
Area Code & Tel. No.
Signature(s)
Dated:
---------------------------------------------------, 2002
This Notice of Guaranteed Delivery must be signed by the registered
holder(s) of Original Notes exactly as its (their) name(s) appear(s) on
such Original Notes or by person(s) authorized to become registered
holder(s) by endorsements and documents transmitted with this Notice of
Guaranteed Delivery. If Original Notes to which this Notice of Guaranteed
Delivery relates are held of record by two or more joint holders, then all
such holders must sign this Notice of Guaranteed Delivery. If signature is
by a trustee, executor, administrator, guardian, attorney-in-fact, officer
of a corporation or other person acting in a fiduciary or representative
capacity, such person must provide evidence satisfactory to the Company of
such person's authority to so act, together with the following
information:
Please print name(s) and address(es)
Name(s):
Capacity:
Address(es):
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GUARANTEE
(NOT TO BE USED FOR SIGNATURE GUARANTEE)
The undersigned, a member firm of a registered national securities
exchange, a member of the National Association of Securities Dealers, Inc. or a
commercial bank or trust company having an office in the United States,
guarantees (a) that the above-named person(s) "own(s)" the principal amount of
12 1/4% Senior Subordinated Discount Notes due 2009 of Paxson Communications
Corporation (the "Original Notes") tendered hereby within the meaning of Rule
14e-4 under the Securities Exchange Act of 1934, as amended, (b) that such
tender of Original Notes complies with Rule 14e-4, and (c) to deliver to the
exchange agent the Original Notes tendered hereby or confirmation of book-entry
transfer of such Original Notes into the exchange agent's account at The Bank of
New York, in proper form for transfer, together with the Letter of Transmittal
(or facsimile thereof), properly completed and duly executed, with any required
signature guarantees and any other required documents, within five (5) business
days after the expiration date of the exchange offer.
Name of Firm
- --------------------------------------------- Authorized Signature
- ------------------------------
Address
- --------------------------------------------------- Title
- ------------------------------------------------
Zip Code
- -------------------------------------------------- Name:
- ----------------------------------------------
PLEASE TYPE OR PRINT
Area Code and Tel. No
- ---------------------------------- Dated:
- ---------------------------, 2002
NOTE: DO NOT SEND ORIGINAL NOTES WITH THIS FORM. ORIGINAL NOTES SHOULD BE SENT
ONLY WITH A LETTER OF TRANSMITTAL.
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