Scripps Prices Senior Notes Offering

The E.W. Scripps Co.’s wholly-owned subsidiary, Scripps Escrow II, has priced an offering of $550 million aggregate principal amount of new 3.875% senior secured notes and $500 million aggregate principal amount of new 5.375% senior unsecured notes. The secured notes will mature in 2029 and the unsecured notes will mature in 2031. On Sept. 24, […]

Scripps Announces Proposed $700M Placement

The E.W. Scripps Co.’s wholly-owned subsidiary, Scripps Escrow II, Inc. has launched an offering of $700 million of new senior secured notes and $500 million of new senior unsecured notes. The secured notes are expected to mature in 2029, and the unsecured notes are expected to mature in 2031. The private offering is subject to […]

Burgess Ponders What’s Next After Selling Ion

It’s mission accomplished for Brandon Burgess, the CEO of Ion Media. Starting in 2006, Burgess took Paxson Communications, changed the company’s name to Ion Media, built up viewership and last month agreed to sell it to E.W. Scripps Co. for $2.65 billion. Burgess, 52, won’t be sticking around to help run Scripps’s newly enlarged national media unit and collect an earn-out.

Here Come The First Ion Media Spinoffs

On Sept. 24, one of the biggest broadcast media mergers in recent memory was announced. The E.W. Scripps Co. is agreeing to buy Ion Media — the broadcast media network with roots in the Paxton family media operation — for $2.65 billion. The deal will not run afoul of FCC Top 4 regulations, as Scripps said it will divest of 23 Ion stations. On Oct. 14, details regarding those station spinoffs became known, thanks to an FCC filing by Ion.

Scripps Taps Knutson, Tomlin For New Roles

EVP-CFO Lisa Knutson will lead the new Scripps national television networks business, and EVP, National Media Laura Tomlin will become chief administrative officer of the company.

Ion Expands ViacomCBS Content Deal

The agreement includes multiyear deals for NCIS: New Orleans and Hawaii Five-0.

Talking TV | Scripps Buys Ion, OTT’s Boom Year

TVNewsCheck‘s Michael Depp and Harry Jessell unpack what matters about E.W. Scripps’ acquisition of Ion Media and recap last week’s OTT News Summit, which spotlighted the “operational agility” of streaming news in a year of surging pandemic audiences.

Scripps Buying Ion Media For $2.65 Billion

It will combine it with Scripps’ Katz networks and Newsy “to create a full-scale national television networks business” and will spin off  23 of Ion’s 71 stations to comply with FCC ownership regulations. Scripps has agreed to a transaction with a buyer, who has agreed to maintain Ion affiliations for the stations. Warren Buffett’s Berkshire Hathaway gets a warrant to purchase as many as 23.1 million Class A Scripps shares as part of the deal.

DMA 39: LAS VEGAS

Ion Media Buys Entravision’s KMCC Las Vegas

The purchase solidifies its position as the nation’s largest TV broadcast UHF spectrum operator.

Ion, Cerberus, Hicks In Bid For Tribune

Ion Media — a privately held operator of 70 stations across the US — has joined buyout firm Cerberus Capital and Hicks Equity Partners in a bid to buy Tribune Media, according to a source close to the situation.

Ion Media Buys Five Full-Power Stations

It solidifies its position as nation’s largest TV spectrum operator by adding stations in Los Angeles (purchased from Sunbelt Television) and Cleveland, Indianapolis, Columbus and Dayton (from Trinity Broadcasting).

DMA 79

Ion Media Closes On WPME Portland, Maine

With the completion of the purchase from Ironwood Communications, the group expands to 65 full-power stations in 59 markets. It’s changing the station’s calls to WIPL.

Ion Reports Results, Future Plans

Financial and operating results drive upgraded performance outlook from financial ratings agencies. It extends Chairman-CEO Brandon Burgess’ contract and he says the company is looking to expand original content, large-market station holdings and wants to innovate with its inventory of spectrum.

Broadcast-Only TV Homes Up 41% In 5 Years

A new Ion Media-commissioned Nielsen study confirms younger, more diverse audiences are increasingly turning to broadcast television.

DMAS 21, 77 & 106)

Ion Buys 3 Stations In Mo., S.C. And Idaho

The purchases of WRBU St. Louis; WZRB Columbia, S.C.; and KTRV Boise, Idaho, expand the group’s portfolio to 63 stations in 58 markets, including all of the top 20 and 24 of the top 25. Terms weren’t disclosed.

18. ION MEDIA NETWORKS, West Palm Beach, FL

2016 Revenue: $147.9 million Stations: 62 stations in 56 markets Coverage: 64.82% Ownership: Private Key Executives: Brandon Burgess, chairman-CEO; David Glenn, co-head of TV stations operations; Terri Santisi, co-head of TV stations operations. What’s Up: It received $84.6 million for selling the spectrum of two of its stations. In May, Ion Media announced that it would move its New York […]

One World Trade Center Adds Ion Media As Tenant

Ion’s Burgess Lauds Pai For Ownership Relief

Ion Media CEO Brandon Burgess commended FCC Chairman Ajit Pai for restoring the UHF discount in calculating compliance with the 39% national ownership cap — a move that will allow Ion to be sold in toto even though its coverage (64.8%) far exceeds the nominal cap. “This action allows small entrepreneurial and consumer-oriented companies like Ion Media to continue to succeed in a consolidating media world,” he said in an open letter.

MULTICASTING 2016: PART 1

Diginets Keep Growing, Despite Auction Cloud

While the spectrum auction and repack could raise challenges, most multicast network players say they’re bullish on the business, especially with the likely adoption of ATSC 3.0. Diginets keep adding affiliates and expanding coverage and the top ones have begun attracting general market advertising. This is Part 1 of a four-part special report on multicasting. Parts 2 and 3 also appear today. Part 4, running Thursday morning, will focus on the technology of compression and channel sharing. You can read the other stories here.

Fox, Other Groups Join Pro-Auction Ranks

Fox along with Tribune, Univision and Ion met with FCC Chairman Tom Wheeler, officially acknowledging their interest in selling spectrum in the FCC incentive auction next year by offering suggestions on how the auction should be conducted.

Fox, 3 Other Groups Join Pro-Auction Ranks

Fox along with Tribune, Univision and Ion met with FCC Chairman Tom Wheeler, officially acknowledging their interest in selling spectrum in the FCC incentive auction next year by offering suggestions on how the auction should be conducted.

Cedar Creek Buying WRBU, WZRB For $6M

Brian Brady’s Cedar Creek Broadcasting is buying the St. Louis and Columbia, S.C., stations that had fallen into bankruptcy under Roberts Broadcasting.

TV-Radio Enterpreneur Bud Paxson Dies

The radio and television station owner and creator of the Home Shopping Network and Pax TV (later Ion TV) died on Jan. 9 at the age of 80. NAB President Gordon Smith commented: “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 televsion.”

CCW 2014

Burgess Has Doubts About Spectrum Auction

Ion Media CEO Brandon Burgess says while his company is looking at the pros and cons of selling some spectrum, he’s doubtful it will and, what’s more, he questions whether the auction, planned for 2016, will ever take place.

NEWS ANALYSIS BY PRICE COLMAN

To Some, Selling Spectum Could Makes Sense

For some group owners, especially those with multiple stations in major markets, the FCC’s upcoming incentive auction is starting to look like an opportunity to reap a cash windfall. Both LIN and Meredith say they’re considering participating. And for others like Ion and Univision, the financial rewards are very tempting.

COMMENTARY

TKTKTKTK

On Oct. 3, at an investors’ conference in Texas, LIN Media CEO Vince Sadusky and CTO Brett Jenkins acknowledged that the station group might sell some of its TV spectrum in the FCC’s planned incentive auction. It would be a way of turning Class A low-power stations and full-power duopoly stations into cash, Sadusky said. […]

CES 2011

Ion Media Preps Imminent Mobile DTV Launch

Ion Media Networks has committed to upgrading its stations to launch mobile DTV signals in the first quarter, a move that will make mobile DTV signals available in the nation’s top 10 TV markets within 60 says.