Scripps buyss ION media

If it's about broadcasting, radio, TV, satellite, cable, this is where to talk about it.

Moderators: The People's DJ, Arp2, Hoosier Daddy

Post Reply
User avatar
genlock
Moderator
Moderator
Posts: 8978
Joined: Fri Dec 21, 2001 4:09 pm
Location: OW

Scripps buyss ION media

Post by genlock » Thu Sep 24, 2020 8:37 am

Scripps says they will buy national broadcast network ION Media for $2.65 billion.

Scripps’ plans are to join ION with Katz networks and Newsy to create a full-scale national television networks business.

Scripps will be getting help from Warren Buffet’s Berkshire Hathaway to help pay for the deal.

Berkshire Hathaway will make a $600 million preferred equity investment in Scripps to finance the transaction.

ION reaches more than 100 million homes through over-the-air and pay TV platforms.
"Everyone Should be aware that you're just a screen grab away from infamy."

Post Reply