Also in December 2013, Black Diamond purchased Avenue & Trilogy's stakes in Media Holdco, placing Black Diamond as Media Holdco's sole shareholder.
leaving the company's senior investors from previous rounds of financing with a minority stake of 15%.
The proposal also included the possibility for as many as 26 stations owned by Sinclair or Tribune to be switched from Fox after existing affiliation contracts expire.
It has been argued that this deal was intended to place pressure on Sinclair to abandon its acquisition, lest it potentially lose Fox affiliations to the venture.
Sometime in 2013, Ion Media Networks has inked a deal with Liberty Media to bring the QVC network to most of its Ion Television O&O stations throughout the country on digital subchannel X.5.
In December 2013, the United States bankruptcy court approved a plan by creditors of Roberts Broadcasting to transfer East St.
In the fall of 1997, a tentative lineup was announced, and it included a family entertainment lineup of drama shows, movies, first run shows, wildlife shows, sitcoms, and talk shows.
The most expensive station acquisition was WBIS in New York City.
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On May 19, 2009, Ion Media Networks filed for chapter 11 bankruptcy protection, putting the Ion network under bankruptcy for the second time, saying it had reached an agreement with holders of 60% of its first lien secured debt that would extinguish all of its .7 billion in legacy debt and preferred stock and recapitalize the company with a 0 million new funding commitment.
In late 2009, a trio of private equity companies (Black Diamond, Avenue, & 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. (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).
The city government had sold this station to Dow Jones and ITT in 1996 for nearly US0 million.
In January 1997, Dow Jones launched a business format called S during the day and a sports channel after 7 pm and on weekends.