Scripps acquires ION Media in billion-dollar deal

The E.W. Scripps Company is planning on buying national broadcast network ION Media for $2.65 billion. The transaction will combine the business with Scripps’ Katz networks and Newsy to create a full-scale national television networks business. Berkshire Hathaway will be making a $600-million preferred equity investment in Scripps to finance the deal and will also […]