it filed for in 2011) as its beneficiary, with Roberts' attorney subsequently stating that Ion Media Networks would purchase the three stations. The deal is complete on February 10, 2014, and both WZRB and WRBU became Ion stations. Also in December 2013, Black Diamond purchased Avenue & Trilogy's stakes in Media Holdco, placing Black Diamond as Media Holdco's sole shareholder. As of November 2014, Media Holdco's majority equity stake in Ion Media Networks is at 85%, leaving the company's senior investors from previous rounds of financing with a minority stake of 15%. As Ion Media On April 20, 2017, Ion Media Networks, through its website, announced a name change to "Ion Media" (with the company still legally operating as "Ion Media Networks"). On August 2, 2017, it was reported that 21st Century Fox was proposing that Ion Media contribute its stations into a joint venture with its Fox Television Stations division, to create a larger station group in an effort to counter Sinclair Broadcast Group and their proposed purchase of Tribune Media. The proposal also included the possibility for as many as 26 stations owned by Sinclair or Tribune to be switched from Fox after existing affiliation contracts expire. It has been argued that this deal was intended to place pressure on Sinclair to abandon its acquisition, lest it potentially lose Fox affiliations to the venture. An analyst felt the proposed partnership was hampered by Ion Media's decision to assert must-carry status over its stations rather than retransmission consent, as Fox would be unable to immediately benefit financially from the partnership's scale, which would have included being able to collect carriage payments for all of the stations. The analyst added that Ion stations alone did not have enough leverage to negotiate with television providers, because of their limited local or first-run programming. Acquisition by Scripps On September 24, 2020, Ion Media agreed to be acquired by The E. W. Scripps Company for $2.65 billion, with Berkshire Hathaway making an investment in Scripps to help finance the purchase. The transaction, which is projected to close in the first quarter of 2021 and is subject to FCC approval, would see Ion Media and its networks combined with Scripps' Katz Broadcasting subsidiary, which already operates five specialty networks, most notably Bounce TV and Court TV. Scripps would also sell 23 of Ion Media's 71 television stations to comply with national ownership caps; the