Ion Television
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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.
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Ion Media is a subsidiary of E. W. Scripps Company that operates Ion Television and Ion Plus. It was founded in 1988 by Bud Paxson and formerly owned PAX TV, Qubo and Ion Shop.
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.
Ion Media is a unit of Katz Broadcasting, a subsidiary of E. W. Scripps Company. It owns and operates 60 television stations in the United States, mostly affiliated with Ion Television. See the list of stations, their locations, channels, years of affiliation and ownership.
City Of License / MarketStationChannelYear Of AffiliationAntigo – Wausau, WI462001Archer Lodge – Raleigh – Durham, NC622021 [α]Arlington – Dallas – Fort Worth, TX681998Bellevue – Seattle – Tacoma, WA331998Ion Television is a FAST channel that broadcasts family-oriented entertainment, sports and infomercials. It was founded in 1998 as Pax TV, a conservative alternative to other networks, and later changed its name to Ion in 2007.
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.
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Sep 24, 2020 · E.W. Scripps has reached a deal to acquire Ion Media for $2.65 billion in a deal that will be partially financed by a $600 million investment from Warren Buffett’s Berkshire Hathaway.
