Citadel now majority owner of Ion

Public shareholders of Ion Media Networks tendered 40,624,885 shares of stock to Citadel Investment Group's CIG Media LLC by the Friday deadline and all have been accepted for payment of a buck-46 per share. With those shares and what Citadel already owned, it now has 89.9% of Ion's outstanding shares of Class A stock. In an attempt to lasso the rest, Citadel announced a second tender period running through Friday, June 15th, with the same 1.46 offer.

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