ION Media Networks Inc.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
ION Media Networks Inc. - overview
Established
2007
Location
West Palm Beach, FL, US
Primary Industry
Media
About
ION Media Networks Inc. is a television broadcasting company specializing in entertainment content, providing a diverse array of programming through its networks including ION Television, ION Plus, and ION Mystery. Founded in 2007 and headquartered in West Palm Beach, US, ION Media Networks focuses on delivering television broadcasting services. In September 2020, the company was acquired by The E.
W. Scripps Company for USD 2. 65 billion, marking a strategic pivot in its operations. The firm has completed a total of three funding deals, with the most recent being a TRADE SALE.
The founder's details are not available, but the acquisition indicates a shift towards enhancing growth capabilities. ION Media Networks primarily offers television broadcasting services, featuring channels such as ION Television, ION Plus, and ION Mystery. ION Television showcases popular shows like "Magnum P. I.
" and sports events, including broadcasts of the National Women's Soccer League (NWSL) and the Women's National Basketball Association (WNBA). The additional channels cater to niche audiences with a focus on suspense and investigative content, reaching viewers across the United States and targeting key demographics seeking quality entertainment. In 2019, ION Media Networks reported a revenue of USD 587. 00 mn and an EBITDA of USD 335.
00 mn. The company generates revenue predominantly through advertising sales and partnerships, leveraging its programming lineup to attract advertisers targeting specific segments. Its business model mainly involves B2B partnerships with advertisers and strategic alliances for exclusive broadcasting rights, which support its revenue generation. Following its acquisition by The E.
W. Scripps Company on September 23, 2020, for USD 2. 65 billion, ION Media Networks plans to accelerate its growth and enhance cash flow. The company is expected to expand its market reach and explore new programming opportunities, although specific new product launches and geographical markets targeted for expansion have yet to be detailed.
Current Investors
The E.W. Scripps Company
Primary Industry
Media
Sub Industries
Digital Media, Radio Broadcasting & Programming, Television & Film
Website
www.iontelevision.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
ION Media Networks Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | ION Media Networks Inc. | - | ||||||||
| Add-on | Completed | ION Media Networks Inc. | - | ||||||||
| Restructuring | Completed | ION Media Networks Inc. | - |
Displaying 1 - 3 of 3
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.