Plan of Reorganization Contemplates Full Conversion of $150 Million DIP Facility and Extinguishment of Over $2.7 Billion in Legacy Obligations
ION Media Networks, Inc. (“ION”), owner and operator of the ION Television network, today announced that it, together with its debtor subsidiaries, filed a joint plan of reorganization (the “Plan”) and disclosure statement (the “Disclosure [...]
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Company Initiates Voluntary Chapter 11 Process to Implement Pre-Negotiated Restructuring
Operations and Strategy to Continue Without Interruption
ION Media Networks, Inc. (“ION”), owner and operator of the ION Television network, today announced that it has reached an accord with a group of holders of over 60% of its first lien senior secured debt on the [...]
Discussions Target Conversion of Debt to Equity, Additional Funding, and Operational Continuity
ION Media Networks, Inc., (“ION”) owner and operator of the nation’s largest broadcast television station group, today announced that it is in discussions with its secured lenders with regard to a comprehensive recapitalization of the Company’s balance sheet. ION has hired financial advisor [...]
ION Media Networks Successfully Delivers Full-Motion Mobile Digital Television in Chicago and Denver
WCPX and KPXC Demonstrate Mobile DTV Service and Quality to Portable Devices
Trials Conducted in Major Markets Display Viability of Proposed ATSC Mobile DTV Standard
ION Media Networks, Inc., owner and operator of the nation’s largest broadcast TV station group and an industry leader in the development of mobile digital television (DTV), today announced two [...]
Award-Winning Sitcom Starts Summer Evenings with a Laugh Attack
ION Television announced today that, through a deal with Warner Bros. Domestic Television Distribution, it will launch the sitcom “Hangin’ with Mr. Cooper” on its weeknight schedule beginning with two back-to-back episodes, airing July 7th from 5 p.m. – 6 p.m. (ET). The popular series, in [...]
Network Expands Programming Schedule to 5 p.m. Each Weekday
“The Steve Harvey Show,” “Family Feud” and “Quantum Leap” Debut on April 7
“Total Theatre Thursday” to Air Big Movies Thursdays Starting April 10
ION Media Networks, Inc. today announced an expanded entertainment schedule on ION Television beginning April 7th. Three new series – “The Steve [...]
