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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font style='font-size:16 PT'>UNITED STATES</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font style='font-size:16 PT'>SECURITIES AND EXCHANGE COMMISSION</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font style='font-size:10 PT'>WASHINGTON, D.C. 20549</font></B></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><B><font style='font-size:16 PT'>FORM 8-K</font></B></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><B><font style='font-size:10 PT'>CURRENT REPORT</font></B></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><b><font style='font-size:10 pt'>Pursuant to Section 13 or 15(d) of the</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font style='font-size:10 pt'>Securities Exchange Act of 1934</font></b></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><b><font style='font-size:10 pt'>Date
  of Report (Date of Earliest Event Reported): November 8, 2006</font></b></p>


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<p style=' margin-bottom:0pt; margin-top:8pt;text-align:center;'><B><font style='font-size:18 PT'>PEGASUS COMMMUNICATIONS CORPORATION</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font style='font-size:10 pt'>(Exact Name of Registrant as Specified in Charter)</font></p>

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                    <td align=center valign=top width="280"><b><font style='font-size:10 pt'>Delaware</font></b><br>
<font style='font-size:10 pt'>(State or Other Jurisdiction</font><br>
<font style='font-size:10 pt'>of Incorporation)</font><br></td>
        <td align=center valign=top width="280"><b><font style='font-size:10 pt'>0-32383</font></b><br>
            <font style='font-size:10 pt'>(Commission File Number)</font><br>
<font style='font-size:10 pt'>&nbsp;</font><br></td>
        <td align=center valign=top width="280"><b><font style='font-size:10 pt'>23-3070336</font></b><br>
            <font style='font-size:10 pt'>(IRS Employer</font><br>
<font style='font-size:10 pt'>Identification No.)</font><br></td>
        <td width="50">&nbsp;</td></tr></table>

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                    <td align=center valign=top width="280"><font style='font-size:10 pt'>&nbsp;</font><br></td>
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    <td align=center valign=bottom width="310"><b><font style='font-size:10 pt'>c/o
      Pegasus Communications Management Company</font></b><br>
      <b><font style='font-size:10 pt'>225 City Line Avenue</font></b><br>
      <b><font style='font-size:10 pt'>Bala Cynwyd, Pennsylvania</font></b><br>
      <font style='font-size:10 pt'>(Address of Principal Executive Offices)</font>
    </td>
    <td align=center valign=bottom width="100"><font style='font-size:10 pt'>&nbsp;</font><br>
      <b><font style='font-size:10 pt'>19004</font></b><br>
      <font style='font-size:10 pt'>(Zip Code)</font></td>
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<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><b><font style='font-size:10 pt'>Registrant&#146;s
  Telephone Number, Including Area Code: (610) 934-7000</font></b></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><b><font style='font-size:10 pt'>Not Applicable</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font style='font-size:10 pt'>(Former Name or Former Address, if Changed Since Last Report)</font></p>

<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:5%;text-align:left;'><font style='font-size:10 pt'>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (</font><i><font style='font-size:10 pt'>see </font></i><font style='font-size:10 pt'>General Instruction A.2. below):</font></p>


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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='font-size:10 pt'>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p> </td> </tr></table>
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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='font-size:10 pt'>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p> </td> </tr></table>
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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='font-size:10 pt'>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p> </td> </tr></table>
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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font style='font-size:10 pt'>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p> </td> </tr></table>
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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='font-size:10 pt'>Item 5.02.</font></b></p> </td>

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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><b><font style='font-size:10 pt'>Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.</font></b></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:5%;text-align:left;'><font style='font-size:10 pt'>Ronald B. Stark, the Company&#146;s Vice President of Finance, who has served as principal accounting officer since June 1, 2005, will be leaving the Company on or about December 15, 2006. Mr.&nbsp;Stark has agreed to make himself available to the Company for a period of time after his departure as the Company may from time to time request. </font></p>

<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:5%;text-align:left;'><font style='font-size:10 pt'>Mr.&nbsp;Stark&#146;s departure is not related to any disagreement with the Company or with the Company&#146;s operations, policies or practices. Mr.&nbsp;Stark&#146;s departure is occurring as part of a restructuring of the Company related to the Company&#146;s anticipated suspension of its public reporting upon the Company effecting a 1 for 100 reverse stock split. Implementation of the reverse subject stock split is subject, among other things, to approval by the Company&#146;s stockholders at the Company&#146;s next annual meeting of stockholders. The Company anticipates holding the annual meeting in late 2006 or early 2007.</font></p>
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<p style=' margin-bottom:0pt; margin-top:16pt;text-align:center;'><B><font style='font-size:10 PT'>SIGNATURES</font></B></p>

<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:5%;text-align:left;'><font style='font-size:10 pt'>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 thereunto duly authorized.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:10 pt'>&nbsp;</font></p>



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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>

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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><B><font style='font-size:10 PT'>PEGASUS COMMUNICATIONS CORPORATION</font></B></p> </td> </tr>
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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'>  </p> </td>

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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>

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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10 pt'>By&nbsp;</font></p> </td>

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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><br> <font style='font-size:10 pt'>/s/ Scott A. Blank</font></p> </td> </tr>
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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10 pt'>Scott A. Blank,</font></p> </td> </tr>
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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10 pt'>Senior Vice President</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><font style='font-size:10 pt'>Date:  November 8, 2006</font></p>
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[{"type": "8-K", "sequence": "1", "filename": "b415598_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 14281}]
{"company-data": {"conformed-name": "PEGASUS COMMUNICATIONS CORP /", "cik": "0001135338", "assigned-sic": "4833", "irs-number": "233070336", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-32700", "film-number": "061197709"}, "business-address": {"street1": "225 CITY LINE AVE", "street2": "STE 200", "city": "BALA CYNWYD", "state": "PA", "zip": "19004", "phone": "8884387488"}, "mail-address": {"street1": "225 CITY LINE AVE", "street2": "STE 200", "city": "BALA CYNWYD", "state": "PA", "zip": "19004"}, "former-company": {"former-conformed-name": "PEGASUS HOLDINGS CORP I", "date-changed": "20010221"}}
Prepared and filed by St Ives Financial
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): November 8, 2006
PEGASUS COMMMUNICATIONS CORPORATION
(Exact Name of Registrant as Specified in Charter)
Delaware
(State or Other Jurisdiction
of Incorporation)
0-32383
(Commission File Number)
23-3070336
(IRS Employer
Identification No.)
c/o
      Pegasus Communications Management Company
225 City Line Avenue
Bala Cynwyd, Pennsylvania
(Address of Principal Executive Offices)
19004
(Zip Code)
Registrant's
  Telephone Number, Including Area Code: (610) 934-7000
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (
see
General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02.
Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
Ronald B. Stark, the Company's Vice President of Finance, who has served as principal accounting officer since June 1, 2005, will be leaving the Company on or about December 15, 2006. Mr. Stark has agreed to make himself available to the Company for a period of time after his departure as the Company may from time to time request.
Mr. Stark's departure is not related to any disagreement with the Company or with the Company's operations, policies or practices. Mr. Stark's departure is occurring as part of a restructuring of the Company related to the Company's anticipated suspension of its public reporting upon the Company effecting a 1 for 100 reverse stock split. Implementation of the reverse subject stock split is subject, among other things, to approval by the Company's stockholders at the Company's next annual meeting of stockholders. The Company anticipates holding the annual meeting in late 2006 or early 2007.
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 thereunto duly authorized.
PEGASUS COMMUNICATIONS CORPORATION
By
/s/ Scott A. Blank
Scott A. Blank,
Senior Vice President
Date:  November 8, 2006