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Prospector
Profile
07.1060
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| Ion Media Networks, Inc. |
NAICS |
515120 |
| 601 Clearwater Park Road
West Palm Beach, FL 33401 |
Description |
Television Broadcasting |
| (561) 659-4122 |
Employees |
453 |
| http://www.ionmedia.tv/ |
Revenue |
(mil) |
228.9000 |
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Income |
(mil) |
-173.7400 |
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Assets |
(mil) |
1056.9900 |
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Liability |
(mil) |
2039.5400 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Ion Media Networks, Inc., posted a $37,694,000 net loss on $59,450,000 of total revenues for the first quarter ended March 31, 2007, as compared with a $40,386,000 net loss on $60,716,000 of total revenues for the same quarter last year. At March 31, 2007, the Company's balance sheet showed $1,050,730,000 in total assets and $2,075,101,000 in total liabilities, resulting in a $1,912,423 stockholders' deficit. The Company also reported strained liquidity in its March 31, 2007, balance sheet with $79,506,000 in total current assets and $711,708,000 in total current liabilities.
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Intellectual Property:
The Company has 39 registered trademarks and service marks, including 26 in the United States, 7 in Mexico and 6 in Europe. It also has pending applications for registration of another 15 trademarks and service marks in the United States. The Company does not own any patents or has any pending patent applications. [SEC Filing 10-K 04-02-07]
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Description:
The Company engages in the ownership and operation of broadcast television stations in the U.S. As of Dec. 31, 2006, it owned and operated 60 broadcast television stations.
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Officers:
W. Lawrence Patrick (Chair); R. Brandon Burgess (Pres., CEO & Dir.); Richard Garcia (SVP & CFO); Curtis L. Brandon (VP & Controller); Henry J. Brandon III (Dir.); Raymond S. Rajewski (Dir.); Frederick R. Smith (Dir.); Willaim A. Roskin (Dir.); Lucille S. Salhany (Dir.)
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Auditor:
Rachlin Cohen & Hotlz LLP
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Securities:
Common Stock Symbol ION; AMEX;
73,688,824 common shares outstanding as of May 4, 2007.
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