Ion Media (formerly known as Paxson Communications Corporation and Ion Media Networks) is an American broadcasting company that owns and operates over 60 television stations in most major American markets (through its television stations group, Ion Media Television), as well as a digital sub-channel through that group, a major commercial television network, and a children's entertainment â¦ 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 Buffettâs Berkshire Hathaway. Warren Buffett's Berkshire Hathaway helped finance Scripps' $2.7 billion takeover of ION Media because it expects significant upside from the merger, Scripps â¦ A free inside look at company reviews and salaries posted anonymously by employees. â¢ Today, it owns 71 broadcast â¦ ION Media Networks is not much different from any other corporation with the exception of its managment. ION Media, based in West Palm Beach, Florida, operates a national television network and owns TV stations in â¦ With many questioning the future of the "Ion" tv network, the list below will keep a tally of the sold Ion O&O (owned and operated) stations. Working at ION for eight years provided me with much education, experience and insight in â¦ 2.3 2004?â2006 3 Ion Media Networks 3.1 2006â2017 4 Ion Media 4.1 2017âpresent On September 24, 2020, The E.W. Scripps agreed to buy ION Media for $2.65 billion in a move to significantly expand the TV station ownerâs reach with the backing of Warren Buffettâs Berkshire Hathaway. On Sept. 24, 2020, Scripps announced it would acquire the national broadcast network ION Media for $2.65 billion.Today, the FCC approved the acquisition. Based iâ¦ The team environment was strong, the co-workers are welcoming and eager to help one-another. E.W. Scripps announced in September it was buying ION Media for $2.65 billion. 95 ION Media Networks reviews. 1 Paxson Communications Corporation 1.1 1991â1999 2 Paxson Entertainment 2.1 1999â2001 2.2 2001â2004? E.W. ION Media Investment Highlights â¢ ION reaches more than 100 million homes through over-the-air and pay TV platforms and has consistently achieved annual revenue growth and EBITDA margins well beyond industry averages. Scripps Company announced that it would purchase Ion Media for $2.65 billion dollars, with financing from Berkshire Hathaway. ION Media Networks O&O and Sold Stations. Pro forma for the ION Media transaction, Scripps will have approximately $2.4 billion in senior secured term loans and notes, $1.4 billion in unsecured debt, and $600 million of preferred equity. Among major entertainment industry deals, local TV station giant E.W.