Paxson Changing Its Corporate Name and Identity to Ion Media Networks, Inc.
Paxson Communications Corporation today announced that it is changing its corporate name to Ion Media Networks, Inc. The new corporate identity reflects the Company's objective and commitment to deliver quality media content to consumers on its nationwide network of television stations. In connection with the name change, the Company also unveiled a new corporate logo and began doing business under the new name and identity as of today. The Company will present the new corporate name to its stockholders for approval at its annual meeting of stockholders to be held on June 23, 2006.
“This new corporate identity mirrors our renewed commitment to find the best utilization and value proposition for our nationwide TV distribution and digital network platforms,” said CEO Brandon Burgess. “The Ion Media Networks name highlights three aspects of our vision: our team's positive energy for building superior value with our assets; our commitment to bringing quality media content to our communities; and our ability to enable multiple networks across our digital broadcast spectrum.”
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Source:
Business Wire
