WEST PALM BEACH — On September 24, one of the biggest broadcast media mergers in recent memory was announced. The E.W. Scripps Co. is agreeing to buy ION Media — the broadcast media network with roots in the Paxson Communications operation — for $2.65 billion.
The deal will not run afoul of FCC Top Four rule regulations, as Scripps said it will divest of 23 ION stations.
On October 14, details regarding those station spins became known, thanks to an FCC filing made by Ion.