Generally I believe Wikipedia about as far as I can throw their server farm.
Bud got really upset at NBC when he felt he was betrayed 5+ years ago. NBC has been trying to get this albatross off of its neck for almost as long. I can't see how NBC could take control of the company, unless it's through a puppet CEO or something of that sort. The reason for the rift was because after NBC bought Telemundo and its stations there isn't enough room to add the Pax/i/Ion/whatever stations and stay under the cap. That deal was iced. Besides, if Ion was going to be in cahoots with NBC, NBC *should* use it to give additional exposure to some of their prime time lineup. It just doesn't add up. Then again, maybe the NBC people took a stupid pill this morning.