Original sentence: This ended in 2005 due to two factors: the first being Pax's rebranding as i: Independent Television (now ION Television), and Pax's earlier decision to cut ties with its news share agreements with major network affiliates in the markets it had an affiliate, due to financial troubles
Edited sentence: This ended in 2005 due to two factors: the first being Pax's then-rebranding as i: Independent Television, and Pax's earlier decision to cut ties with its news share agreements with major network affiliates in the markets it had an affiliate, due to financial troubles