Paxson to Change Ticker Symbol to 'ION' on Monday, April 3rd.WEST PALM BEACH, Fla. -- Paxson Communications Corporation (AMEX AMEX See: American Stock Exchange :PAX), which began doing business as ION MEDIA NETWORKS ION Media Networks (formerly known as Paxson Communications) is an American television broadcasting company that owns and operates over 60 television stations in most major American markets. It is publicly traded on the American Stock Exchange under the symbol ION. (the "Company") on February 28, 2006, today announced that it will change its ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. from PAX to ION effective with the opening of the market on Monday, April 3, 2006. The new symbol coincides with the Company's recent announcement that it is changing its corporate name to ION MEDIA NETWORKS, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . The Company is currently doing business as ION MEDIA NETWORKS until it receives approval of the new corporate name from its stockholders at its annual meeting on June 23, 2006. About The Company The Company owns and operates the nation's largest broadcast television station group, reaching approximately 91 million U.S. television households via its nationwide broadcast television, cable and satellite distribution systems. For more information, visit the Company's website at http://www.ionmedianetworks.com. Note: Company distribution data provided by Nielsen Media Research. |
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