ABOUT ION

ION Media Networks, Inc. is a network television broadcasting company which owns and operates the largest broadcast television station group in the U.S., as measured by the number of television households ION’s stations serve. The Company owns and/or operates 60 full-power broadcast television stations, including stations in each of the top 20 U.S. markets and 39 of the top 50 markets.

ION is moving television forward in three dimensions: broadcasting, multicasting and datacasting. Completed digital broadcast facility upgrades allow ION to provide a broadband platform using enhanced digital terrestrial spectrum capacity. In addition to delivering the main television network, this capacity can be used to multicast multiple, new, over-the-air digital networks, as well as to datacast non-television content or information.

ION provides network programming seven days per week, 24 hours per day to over 94 million homes in the U.S. through its television station group, as well as cable and satellite distribution. The Company’s flagship network, ION Television, features a broad mix of popular television series, theatrical and made-for-television movies, specials and sports.

ION reaches a growing, affluent, culturally influential and digitally-connected audience with family-friendly programming. Weeknight primetime is currently populated with hit TV programs provided by some of the leading content suppliers, including Warner Bros., Sony Pictures Television, CBS Television and the National Football League, among others. ION also has partnered with RHI Entertainment, owner of over 4,000 hours of acclaimed television content, to provide high-quality catalog and original weekend primetime programming.

Using its digital multicasting capability, ION has launched several new digital TV brands, including qubo, a television and multimedia network for children formed in partnership with several leading media and entertainment companies, and ION Life, a television and multimedia network dedicated to health and wellness for consumers and families.

In February 2007, ION launched Open Mobile Ventures Corporation (OMVION), a business unit focused on the research and development of portable, mobile and out-of-home transmission technology using over-the-air digital television spectrum. The Company believes broadcast spectrum has superior technical and economic characteristics that may make it eligible for delivering content to mobile devices.