ION Media Networks Completes Acquisition of WPXX in Memphis and WPXL in New Orleans
02 Enero 2008 - 8:31AM
Business Wire
ION Media Networks, Inc. (AMEX:ION) today announced that it has
closed the previously announced purchase of the television stations
WPXX, serving the Memphis market, and WPXL, serving the New Orleans
market, from Flinn Broadcasting Corporation. �Including these two
important markets, we now own 59 of the 60 stations we operate,�
said Brandon Burgess, President and CEO, ION Media Networks. �This
further solidifies our unique owned-and-operated broadcast and
digital spectrum footprint, enabling us to offer consumers high
definition picture quality, new digital programming streams and
mobile television nationwide.� Memphis and New Orleans rank as the
47th and 53rd largest television markets in the U.S., respectively,
and together represent approximately 1.27 million television
households. ION�s footprint includes stations in all top 20 U.S. TV
markets, and 39 of the top 50 markets. About ION Media Networks ION
Media Networks, Inc. owns and operates the nation's largest
broadcast television station group and ION Television, reaching
over 94 million U.S. television households via its nationwide
broadcast television, cable and satellite distribution systems. ION
Television currently features popular TV series and movies from the
award-winning libraries of Warner Bros., Sony Pictures Television
and CBS Television, among others. ION Media has also partnered with
RHI Entertainment, which owns over 4,000 hours of acclaimed
television content, to provide weekend primetime programming
consisting of exclusive original programming and quality library
titles. Utilizing its digital multicasting capability, the company
has launched several digital TV brands, including qubo, a
television and multimedia network for children formed in
partnership with several leading media and entertainment companies,
and ION Life, a television and multimedia network dedicated to
health and wellness for consumers and families. For more
information, visit www.ionmedia.tv.
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