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                                                               EXHIBIT 10.205.1

                        EMPLOYMENT SEPARATION AGREEMENT

         This EMPLOYMENT SEPARATION AGREEMENT made as of this 24th day of
November, 1999, (this "Agreement") by and between Paxson Communications
Corporation, with its principal place of business at 601 Clearwater Park Road,
West Palm Beach, Florida 33401-6233, and its subsidiaries, divisions and
affiliated entities (collectively, "Paxson") and John F. DeLorenzo, an
individual, currently residing at the address set forth under such individual's
signature below (collectively including any entity to which he may assign his
rights under this Agreement or his estate, "DeLorenzo" and collectively with
Paxson referred to herein as the "Parties").

         WHEREAS, Paxson and DeLorenzo are parties to that certain Employment
Agreement dated as of April 14, 1999 (the "Employment Agreement"); and

         WHEREAS, Paxson and DeLorenzo desire to end DeLorenzo's employment
relationship with Paxson on or before December 31, 1999, in accordance with the
terms of this Agreement and provide for a settlement and termination of their
respective obligations under the Employment Agreement.

         NOW THEREFORE, for value received and in consideration of the mutual
agreements and waivers contained herein, the Parties agree as follows:

1.       SEPARATION. DeLorenzo agrees that his employment with Paxson will end
         on or before December 31, 1999; provided however, that in the event
         the Company elects to employ DeLorenzo past December 15, 1999, it
         shall provide written notice to DeLorenzo on or before December 3,
         1999, in which case DeLorenzo shall be entitled to his regular
         compensation and benefits through December 31, 1999 (in addition to
         any other severance compensation provided for herein), notwithstanding
         the fact that his employment with the Company may terminate before
         December 31, 1999. If no such written notice is received by DeLorenzo
         on or before December 3, 1999, his employment hereunder shall
         terminate as of December 15, 1999. The date of DeLorenzo's employment
         ending, which date shall be on or before December 31, 1999, shall be
         referred to herein as the "Termination Date". DeLorenzo agrees that on
         the Termination Date he will immediately return to Paxson all property
         (including keys, access cards, etc.) and documents (including all
         copies of documents) which DeLorenzo obtained from Paxson or from any
         of its customers or employees during the term of his employment with
         Paxson.


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2.       OBLIGATIONS OF THE PARTIES. In full settlement of Paxson's obligations
         to DeLorenzo under the Employment Agreement and in consideration of
         the agreements and waivers under Sections 3 and 4 hereof, Paxson and
         DeLorenzo agree as follows:

         1.       Paxson shall continue to pay DeLorenzo his current base
                  salary and benefits through the Termination Date, or if such
                  date is not during the month of November, 1999, then the
                  Company shall continue to pay DeLorenzo such base salary and
                  benefits through December 31, 1999, regardless of the actual
                  Termination Date, such payments to be made in the manner
                  customary to which Paxson has been making payments to
                  DeLorenzo during the course of his employment. DeLorenzo
                  shall be paid any accrued and unpaid or reimbursed salary or
                  expenses through the Termination Date.

         2.       Paxson shall pay DeLorenzo a severance payment in lieu of any
                  other severance under the Employment Agreement (other than
                  the stock options provided for herein) (but exclusive of any
                  amounts payable to DeLorenzo as contemplated by Section 1)
                  equal to six (6) months of his base salary in effect as of
                  the Termination Date. Such severance payment shall to be paid
                  in the manner customary to which Paxson has been making
                  salary payments to DeLorenzo during the course of his
                  employment but in any event the entire amount of severance
                  shall be paid in full on or before March 31, 2000.

         3.       Paxson and DeLorenzo hereby agree that, (i) effective on the
                  Termination Date, DeLorenzo shall automatically be vested in
                  60,000 of the 180,000 unvested stock options granted under
                  the Employment Agreement, which options have an exercise
                  price of $7.25 per share; (ii) effective upon the expiration
                  of the Age Discrimination Waiver Effective Date, DeLorenzo
                  shall, automatically and without any further action required
                  by Paxson or DeLorenzo, be vested in an additional 10,000 of
                  such 180,000 unvested stock options granted under the
                  Employment Agreement which options have an exercise price of
                  $7.25 per share, and (iii) effective upon the Termination
                  Date, 110,000 of such 180,000 unvested stock options granted
                  under the Employment Agreement shall lapse and no longer be
                  eligible for vesting to DeLorenzo. Concurrently with the
                  execution hereof, the Company and DeLorenzo shall enter into
                  a Stock Option Grant Agreement substantially in the form of
                  Exhibit C hereto, and an Addendum and Modification to
                  Non-Qualified Stock Option Agreement incorporating the
                  changes to the stock option grant to reflect the revised
                  terms of the stock options described herein. The Company and
                  DeLorenzo acknowledge that the stock options shall be
                  exercisable for a 180 day period commencing on the
                  Termination Date, if such date occurs during the Company's
                  "trading window" for senior executives, or the date on which
                  the next trading window opens for senior executives, in each
                  case as notified by the Company to DeLorenzo, and that
                  DeLorenzo would be subject to SEC Rule 144 filing
                  requirements for the period commencing 90 days after the
                  Termination Date.

         4.       Each of the parties agree that, the Employment Agreement
                  shall be terminated and of no further force and effect on and
                  after the Termination Date, except that, notwithstanding the
                  foregoing, DeLorenzo's right to indemnification as an officer
                  and/or director of the Company, under the terms of any
                  agreement between Paxson and DeLorenzo, the


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                  organizational documents of Paxson or applicable law, shall
                  continue and survive hereunder to the same extent as if
                  DeLorenzo remained an officer or director of the Company.

         5.       DeLorenzo hereby agrees to execute and distribute the
                  Resignation Letter attached hereto as Exhibit A.

3.       WAIVER AND RELEASE BY PAXSON. Paxson agrees that, in exchange for
         DeLorenzo's performance of its obligations under the Agreement, Paxson
         hereby completely and irrevocably releases and forever discharges
         DeLorenzo from any and all claims, charges, complaints, liabilities,
         obligations, promises, agreements, controversies, damages, suits,
         rights, demands, actions, causes of action, grievances, costs, losses,
         debts, expenses (including attorneys fees and costs)of any kind or
         nature that Paxson once had or now has or may have prior to the
         Termination Date whether or not arising out of the employment or
         separation of employment with DeLorenzo, and whether now known or
         unknown to Paxson suspected or unsuspected, fixed or contingent,
         existing or occurring as of the date this Agreement becomes effective.
         Paxson further agrees that it will not bring any such charges, claims
         or actions against DeLorenzo in the future arising from events
         occurring prior to the Termination Date hereof.

4.       WAIVER AND RELEASE BY DELORENZO. DeLorenzo agrees that, in exchange
         for Paxson's performance of its obligations under the Agreement:

         1.       DeLorenzo's release/waiver of claims. DeLorenzo (on his own
                  behalf and on behalf of his heirs or personal representatives
                  or any other person who may be entitled to make a claim on
                  DeLorenzo's behalf or through him) hereby completely releases
                  and discharges Paxson from any and all claims, charges,
                  actions and causes of action of any kind or nature that
                  DeLorenzo once had or now has whether arising out of his
                  employment or separation of employment with Paxson, and
                  whether such claims are now known or unknown to DeLorenzo;
                  provided, however, nothing herein shall limit DeLorenzo's
                  right to indemnification as an officer and/or director of the
                  Company.

         2.       DeLorenzo's release of all claims. Paxson and DeLorenzo
                  realize that there are many laws and regulations relating to
                  employment relationships, including Title VII of the Civil
                  Rights Act of 1964, as amended; the Age Discrimination in
                  Employment Act of 1967, as amended; the Americans with
                  Disabilities Act of 1990; the National Labor Relations Act,
                  as amended; the Civil Rights Act of 1866, as amended; the
                  Employee Retirement and Income Security Act; and various
                  state constitution provisions and human rights laws as well
                  as the laws of contract and tort. DELORENZO INTENDS BY
                  SIGNING THIS AGREEMENT TO RELEASE ANY AND ALL OTHER RIGHTS
                  AND CLAIMS THAT HE MAY HAVE AGAINST PAXSON UNDER ALL SUCH
                  LAWS OR REGULATIONS.

         3.       Waiver of Age Discrimination Claims. Notwithstanding anything
                  to the contrary contained herein, DeLorenzo's waiver and
                  release under the Age Discrimination in Employment Act of
                  1967, shall only be effected as follows:


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                  (1)      DeLorenzo shall deliver to Paxson a fully executed
                           waiver letter substantially in the form of Exhibit B
                           annexed hereto (the "Age Discrimination Waiver
                           Letter") no sooner than 21 days after the date
                           hereof and no later than 25 days after the date
                           hereof.

                  (2)      The Age Discrimination Waiver Letter shall be
                           revocable by DeLorenzo for seven days (the
                           "Revocation Period") following his delivery thereof
                           to Paxson in accordance with Section 4c(i) hereof
                           and such revocation shall be made by DeLorenzo by
                           sending a written letter of revocation by certified
                           mail, return receipt requested, to Anthony L.
                           Morrison, General Counsel, _ Paxson Communications
                           Corporation, 601 Clearwater Park Road, West Palm
                           Beach, Florida 33401.

                  (3)      If DeLorenzo does not revoke the Age Discrimination
                           Waiver Letter in accordance with the terms of
                           Section 4c(ii) hereof on or before the expiration of
                           the Revocation Period, then the Age Discrimination
                           Waiver Letter shall, automatically and without any
                           further act by DeLorenzo, become final and binding
                           upon DeLorenzo and Paxson on the first day
                           succeeding the expiration of the Revocation Period
                           (such date referred to herein as the "Age
                           Discrimination Waiver Effective Date"). In
                           delivering the Age Discrimination Waiver Letter, it
                           is the express intent of DeLorenzo to waive his
                           rights under, and in accordance with the
                           requirements of, the Age Discrimination in
                           Employment Act of 1967 and that in the event of any
                           failure or ineffectiveness of such waiver, Paxson
                           shall not have received the benefits intended to be
                           conferred upon it by DeLorenzo in exchange for the
                           benefits conferred by Paxson to DeLorenzo under
                           Section 2 hereof. Accordingly, DeLorenzo agrees that
                           in the event the Age Discrimination Waiver Letter is
                           deemed ineffective or unenforceable arising out of
                           any action or inaction by DeLorenzo, then the Age
                           Discrimination Waiver Effective Date shall be deemed
                           not to have occurred and the benefits conferred upon
                           DeLorenzo under Section 2 hereof shall be forfeited
                           and, in addition to any other remedies Paxson may
                           have at law or in equity with respect thereto,
                           Paxson may, in order to effect such forfeiture,
                           reduce the number of vested but unexercised options
                           held by DeLorenzo at the time of any such
                           forfeiture.

5.       INFORMED, VOLUNTARY SIGNATURE.

         1.      DeLorenzo and Paxson each agree that he or it has had a full
                 and fair opportunity to review this Agreement and signs it
                 knowingly, voluntarily, and without duress or coercion.
                 Further, in executing this agreement, DeLorenzo and Paxson each
                 agree that he or it has not relied on any representation or
                 statement not set forth in this document.


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         2.       DeLorenzo and Paxson each agree that he or it was given a copy
                  of the Agreement and, before signing it, he had an opportunity
                  to consult an attorney of his own choosing, in fact, he did
                  consult with his own attorney before signing it.

         3.       This Agreement shall not become effective and the agreements
                  of the parties hereto shall not be enforceable in accordance
                  with the terms hereof until each Party has signed and
                  delivered to the other Party a fully executed copy of this
                  Agreement.

6.       NO ADMISSION. The parties agree that this Agreement does not
         constitute any admission by DeLorenzo or by Paxson of any (i)
         violation of any statute, law, regulation, order or other applicable
         authority, or (ii) breach of contract, actual or implied.

7.       CONFIDENTIALITY. The Parties agree that they will not at any time or
         in any manner talk about, write about, disclose or otherwise publicize
         (except by mutual consent, not to be unreasonably withheld or as
         required by applicable law): (a) the terms or existence of this
         Agreement or its negotiation, execution or implementation; or (b)
         Paxson's proprietary and trade secret information. Each of the Company
         and DeLorenzo agree not to make any disparaging statements about the
         other after the date hereof.

8.       MISCELLANEOUS.

         1.       This agreement shall be interpreted and enforced in
                  accordance with the laws of the United States of America and
                  the State of Florida.

         2.       This Agreement and its attachments represent the sole and
                  entire agreement between the Parties and supersedes any and
                  all prior agreements, negotiations and discussions between
                  the parties and/or their respective counsel with respect to
                  the subject matters covered in this Agreement.

         3.       Each party will bear its own attorneys' fees and costs
                  incurred in connection with DeLorenzo's separation from
                  Paxson.

         4.       In the event any of the Paxson contact persons identified in
                  this Agreement are not available contact shall be made
                  directly to Lowell W. Paxson. DeLorenzo acknowledges and
                  agrees that contacts with Paxson representatives other than
                  as provided for herein shall be ineffective and shall not be
                  deemed, constructive or actual notice of any kind.

         5.       If one or more paragraph(s) of this Agreement are ruled
                  invalid or unenforceable, such invalidity or unenforceability
                  shall not affect any other provision of the Agreement, which
                  shall remain in full force and effect.

         6.       As used in this agreement, the term "Paxson" shall mean
                  Paxson Communications Corporation as well as its
                  subsidiaries, divisions, and affiliated organizations as well
                  as


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                  their respective successors and assigns together with their
                  directors, officers, employees, agents, attorneys,
                  representatives, shareholders and their respective heirs and
                  personal representatives.

         7.       This agreement may not be modified orally but only by a
                  writing signed by both parties to this Agreement.

         8.       Any dispute regarding this Agreement shall be decided by
                  arbitration by a single arbitrator in West Palm Beach,
                  Florida, in accordance with the Expedited Arbitration Rules
                  of the American Arbitration Association then obtaining unless
                  the parties mutually agree otherwise; and, provided further,
                  that both parties will be entitled to all rights of discovery
                  in connection with such arbitration, including, without
                  limitation, all discovery rights described in the Florida
                  Rules of Civil Procedure. This undertaking to arbitrate shall
                  be specifically enforceable. The decision rendered by the
                  arbitrator will be final and judgement may be entered upon it
                  in accordance with appropriate laws in any court having
                  jurisdiction thereof.

         IN WITNESS WHEREOF, this Agreement has been executed and delivered by
the parties as of the first date written above.



                                          PAXSON COMMUNICATIONS CORPORATION



                                          By:
                                             ----------------------------------
                                          Name:
                                               --------------------------------
                                          Title:
                                                -------------------------------



                                          JOHN F. DELORENZO
                                          735 North Lake Way
                                          Palm Beach, Florida  33480