Who owns Ion Tv?
Ion Television is an American broadcast television network. The network’s stations cover all of the top 20 U.S. markets and 37 of the top 50 markets. Ion’s owned-and-operated stations cover 64.8% of the United States population, by far the most of any U.S. station ownership group,
It can circumvent the legal limit of covering 39% of the population because all of its stations operate on the UHF television band, which is subject to a discount regarding that limit.
Who owns Ion Tv?
The network was founded by Lowell “Bud” Paxson, co-founder of the Home Shopping Network and chairman of parent company Paxson Communications. It was originally to be called Pax Net but was renamed Pax TV, a dual reference to its founder and corporate parent, and the Latin word for “peace”, shortly before its launch. The network adopted its identity as Ion Television on January 29, 2007, and airs programming in daily binge blocks of one program, usually acquired procedural dramas. The network also carries some holiday specials and films before Christmas.
On September 24, 2020, E. W. Scripps Company agreed to buy Ion Media for $2.65 billion. The transaction, which closed on January 7, 2021, saw Ion Television and its sister networks absorbed into Scripps’ Katz Broadcasting subsidiary, which already operates five specialty networks, most notably Bounce TV and Court TV. In regards to Ion Television’s programming, Scripps has indicated it would maintain the status quo, with no plans to invest in original content or deviate from the channel’s off-network programming approach.
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