UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): ~~June~~January 202, ~~2007~~2008

ION Media Networks, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)


Delaware	1-13452	59-3212788
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)

601 Clearwater Park Road, West Palm Beach, Florida		33401
_________________________________ (Address of principal executive offices)		___________ (Zip Code)


Registrant’s telephone number, including area code:		561-659-4122

Not Applicable
______________________________________________
Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Item 78.01 ~~Regulation~~Other ~~FD Disclosure~~Events.

On ~~June~~January 222, ~~2007~~2008, ION Media Networks, Inc. (the "Company") ~~issued~~announced ~~a press release announcing~~ that on ~~June~~December 2026, 2007, ait ~~second~~closed ~~complaint~~the ~~was~~previously-announced ~~filed~~purchase ~~against~~of the ~~Company~~assets ~~and seven~~ of ~~the~~television ~~Company’s~~station ~~directors~~WPXX, inserving the ~~Court~~Memphis ofmarket, ~~Chancery~~and oftelevision ~~the~~station ~~State~~WPXL, ofserving ~~Delaware~~the inNew ~~and~~Orleans market, for ~~New~~an ~~Castle~~aggregate ~~County~~purchase byprice aof ~~group~~$36.0 ofmillion ~~plaintiffs~~from ~~purporting~~Flinn toBroadcasting ~~hold~~Corporation. The ~~shares~~Company ofhas ~~the~~been ~~Company's~~operating 9each ~~3/4%~~of ~~Series~~these Astations ~~Convertible~~pursuant ~~Preferred~~to ~~Stock.~~time brokerage agreements.The ~~text~~Company ofhas furnished the press release isannouncing ~~attached~~the ~~hereto~~station acquisitions as Exhibit 99.1. to this Form 8-K. Exhibit 99.1 shall not be deemed "to be filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

(d) ExhibitsThe following item is furnished as an Exhibit to this report:99.1 Press Release of ION Media Networks, Inc. dated ~~June~~January 222, ~~2007~~2008.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	ION Media Networks, Inc.
June 25, 2007	By:	Adam K. Weinstein
January 2, 2008	By:	Adam K. Weinstein
		Name: Adam K. Weinstein
		Title: Senior Vice President, Secretary and Chief Legal Officer

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Exhibit Index

Exhibit No.		Description
99.1		Press Release of ION Media Networks, Inc. dated ~~June~~January 222, ~~2007~~2008.

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