Ion, DirecTV Strike Deal

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Ion Media Networks, formerly Paxson Communications, is planning on continuing to program its i network, formerly Pax TV, into the foreseeable future.

At least that's according to a filing with the Securities & Exchange Commission it made late last week.

Ion told the SEC that it had struck a carriage deal with satellite company Directv for distribution through 2011. The two settled a court fight over their previous agreement.

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