Ion says Q3 was a downer


As a private company these days, Ion Media Networks doesn’t have to make any SEC filings or disclose its quarterly results. But the company announced that Q3 broadcast cash flow dropped 87% to $2.8 million. That was attributed to a decline in revenues (not specified) and investments in programming and staffing. Ion said it intends to make the interest payment due October 15th on its $405 million in floating rate second priority senior subordinated notes in additional notes, rather than cash.