ION Media Networks Inc

• Court Approves ION Media Networks, Inc.'s Disclosure Statement.

With the Support of Holders of over 70% of ION's First Lien Secured Debt and the Creditors' Committee, ION to Begin Solicitation of Creditor Votes on ...

• Business Wire
• October 01, 2009

• Legal Notes: The Legal Side of Abl

TOUSA Inc (Tousa) and one of its subsidiaries, TOUSA Homes LP (Homes), formed a joint venture, called Transeastern, to acquire certain homebuilding assets in Florida. Tousa and Homes guaranteed the loans obtained by Transeastern to finance the acquisitions. When Transeastern defaulted on these loans, litigation ensued between Tousa and Transeastern's lenders with respect to the guarantees. According to the Bankruptcy Court, the savings clause was an unenforceable effort to contract around the protections afforded the bankruptcy estate under Section 548 of the Bankruptcy Code. Meanwhile, Cyrus Select Opportunities Master Fund Ltd purchased certain subordinated debt of ION Media Networks Inc at a deep discount and then used what the court characterized as "aggressive bankruptcy litigation...

• Secured Lender, The
• Vol. 66 Nbr. 2, March 2010

• ION Media Networks, Inc. Comments on Court Ruling in Support of Confirmation of Plan of Reorganization.

Company Anticipates Plan Confirmation in Coming Weeks NEW YORK -- ION Media Networks, Inc. ("ION"), owner and operator of the ION Television network...

• Business Wire
• November 13, 2009

• Open Letter from Counsel to Ad Hoc Committee of Holders of 14 1/4% Preferred Stock of Ion Media Networks, Inc.

NEW YORK -- The letter appearing below was sent today by David Friedman, Counsel to the Ad Hoc Committee of Holders of 14 1/4% Preferred Stock, to Jay...

• Business Wire
• May 03, 2007

• ION Media Networks, Inc. Files Plan of Reorganization and Disclosure Statement Reflecting Agreement with Majority of Its First Lien Lenders on Full Debt-to-Equity Conversion.

Plan of Reorganization Contemplates Full Conversion of $150 Million DIP Facility and Extinguishment of Over $2.7 Billion in Legacy Obligations NEW Y...

• Business Wire
• August 19, 2009

• Challenging Secured Creditors' Liens In FCC Licenses

... The ION Media Networks Case. In the ION Media Networks, Inc. b...

• Mondaq Business Briefing
• United States Law Articles in English

• ION Media Networks, Inc. Reaches Agreement with Holders of the Majority of Its First Lien Debt on Full Debt-to-Equity Conversion and $150 Million of Growth Funding.

Company Initiates Voluntary Chapter 11 Process to Implement Pre-Negotiated Restructuring Operations and Strategy to Continue Without Interruption ...

• Business Wire
• May 19, 2009

• Ion Media Bankruptcy Plan Wins Approval

NEW YORK (AP) -- Ion Media Networks Inc., which owns or operates 60 TV stations in the United States, said yesterday it has received approval to use its cash on hand and access $25 million in new funding to keep operating while in bankruptcy court proceedings. Ion on Tuesday filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York, citing more than $2.7 billion in debt.

• Columbia Daily Tribune
• July 22, 2010

• Paxson Changing Its Corporate Name and Identity to Ion Media Networks, Inc.

WEST PALM BEACH, Fla. -- Paxson Communications Corporation (AMEX:PAX) (the "Company") today announced that it is changing its corporate name to ION ME...

• Business Wire
• February 28, 2006

• Ion Media Networks Buys N.O. Tv Station

Ion Media Networks Inc. has purchased television stations WPXL, serving the New Orleans market, and WPXX, serving Memphis, Tenn., from Flinn Broadcasting Corp. WPXL broadcasts an analog signal on UHF Channel 49 and a digital signal on UHF Channel 50. It was formerly independent station WCCL.

• New Orleans City Business
• January 07, 2008