Radio and Tv entrepreneur Bud Paxson has died, aged 80.

Paxson, whose full name was Lowell W. Paxson, passed away at his home in Montana on Friday (09Jan15). The cause of his death was not disclosed as Wenn went to press.

The National Association of Broadcasters broke the news of his death in a statement from the company's president Gordon Smith.

It reads, "Broadcasters have lost a friend and a legend in the passing of Bud Paxson, who was a tenacious advocate for over-the-air radio and television."

Paxson is known for launching the Home Shopping Network in 1985, he then went on to start Paxson Communications Corporation, now known as Ion Media Networks, and he later created PAX Tv, a network for family-friendly shows.