Zeiger reports 5.7% stake in ION Media

By Lisa Kerner

Charlotte, N.C. April 18 - ION Media Networks, Inc. investor Steven Robert Zeiger bought 338,948 shares of the company's stock priced from $1.26 to $1.31 each and sold 495,950 shares priced from $1.27 to $1.30 each between April 8 and April 20.

The reporting persons bought the stock for investment purposes and are aware of the Jan. 17 proposal by NBC Universal, Inc. and Citadel LP to acquire ION Media for $1.41 per share.

Zeiger beneficially owns 3,704,964 shares, or 5.7%, of West Palm Beach, Fla., broadcasting company, according to a schedule 13D filing with the Securities and Exchange Commission.

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