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Ion Media, LLC (formerly known as Paxson Communications Corporation and Ion Media Networks) is a subsidiary of the E. W. Scripps Company that operates the linear broadcast networks Ion Television and Ion Plus.
ION is the destination for your favorite binge-worthy dramas! Anchored by a collection of critically acclaimed shows to keep you entertained all day long.
Ion Television (currently known on-air as simply Ion) is an American broadcast television network and FAST streaming television channel owned by the Scripps Networks subsidiary of the E. W. Scripps Company. The network first began broadcasting on August 31, 1998, as Pax TV, focusing primarily on family-oriented entertainment programming.
Jan 7, 2021 · Scripps completes the purchase of ION Media Networks, a free over-the-air broadcast network, to create a new national networks business. The transaction provides about 60% accretion in free cash flow per share and reaches nearly every American through multiple platforms.
Sep 24, 2020 · Scripps, one of the largest independent TV station owners, will acquire Ion Media, which has 71 stations and a cable network. Berkshire Hathaway will invest $600 million in preferred stock and get a warrant for Scripps shares.
Sep 24, 2020 · Scripps buys ION Media for $2.65 billion and combines it with Katz networks and Newsy to form a full-scale national television networks business. The transaction will double Scripps EBITDA, yield synergies, and benefit from the growth of free over-the-air broadcasting and national advertising.
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Sep 24, 2020 · The E.W. Scripps Company is pushing further into the national TV networks business, announcing the purchase of ION Media for $2.65 billion today.
