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- In late 2009, a trio of private equity companies (Black Diamond Capital Management, Avenue Capital Group, & Trilogy Capital) purchased a 62.5% controlling stake in Ion Media Networks from the Ion Media Liquidating Trust (the legal entity selling the stake) through their partnership, Media Holdco L.P. (43.7% owned by Black Diamond via its BD Ion Media GP Holdings subsidiary; 15.8% by Trilogy via its Trilogy Ion, LLC subsidiary; & 40.5% by Avenue via its Avenue Ion Holdings LP subsidiary).
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As of November 2014, Media Holdco's majority equity stake in Ion Media Networks is at 85%, leaving the company's senior investors from previous rounds of financing with a minority stake of 15%. As Ion Media. On April 20, 2017, Ion Media Networks, through its website, announced a name change to "Ion Media" (with the company still legally ...
Jan 7, 2021 · Diamond Capital Management LLC have closed Scripps’ acquisition of ION MediaNetworks Inc. Scripps is combining ION with the Katz networks and Newsy to create a full-scale national television networks business. Together, the national networks will reach nearly every American through free
Jan 7, 2021 · CINCINNATI and GREENWICH, Conn., Jan. 7, 2021 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) and Black Diamond Capital Management LLC have closed Scripps' acquisition of ION Media...
A trio of lenders is putting up $150M in debtor-in-possession funding for the troubled ION Media Network, getting a 62.5% stake in the company as it reorganizes and looks for a buyer or...
Jan 7, 2021 · The E.W. Scripps Co. said it closes its previously announced acquisition of Ion Media Networks from Diamond Capital Management LLC. Ion will become part of Scripps’ new ad-supported national networks business that will also include its Katz Networks and Newsy.
Jan 7, 2021 · CINCINNATI and GREENWICH, Conn., Jan. 7, 2021 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) and Black Diamond Capital Management LLC have closed Scripps' acquisition of ION Media...
Sep 24, 2020 · CINCINNATI – The E.W. Scripps Company (NASDAQ: SSP) will buy national broadcast network ION Media for $2.65 billion, combining the business with Scripps’ Katz networks and Newsy to create a full-scale national television networks business. ION reaches more than 100 million homes through over-the-air and pay TV platforms and has consistently ...
