Equity's RTN Sold to Luken Communications; Me-Too in Chicago Airing Classic Movies Now, Too, More TV Shows Added

Thursday, June 26, 2008

Equity's RTN Sold to Luken Communications; Me-Too in Chicago Airing Classic Movies Now, Too, More TV Shows Added

Equity Media Holdings Corporation announced it has closed an asset sales transaction with Luken Communications, LLC, a group led by Equity Media's largest shareholder Henry Luken III (the "Investors"). The Investors purchased Equity Media's Retro Television Network (RTN) subsidiary for $18.50 million. Equity Media has the option to repurchase RTN at any time during the next six months. Concurrently with the closing of the RTN sale, the Investors purchased for $1.50 million warrants to purchase up to 8,050,000 shares of Equity Media for $1.10 per share. Equity Media also has entered into asset purchase agreements with the Investors for the sale by Equity Media of certain television stations. Equity Media has received a $5 million prepayment on the stations sale from the Investors. The stations sale will be consummated, and Equity Media will receive the remaining payment of $12.5 million, upon receipt of FCC and certain other approvals. Following consummation of the station sales, Equity Media will continue to own and operate 100 stations in 35 markets representing 24.8% of U.S. television households based on Equity Media's current stations roster.
View the full press release for more details. So what does this mean? It is hard to tell. I have asked RTN to see what is up, so I'll let you all know what they say. I think it won't affect current RTN affiliates. It doesn't mean the network is on its way out or that it won't add more stations since it was sold to another group, but I don't know if this is good or bad. We'll have to see in the coming weeks.

Beginning Monday June 30 at 7:00pm, Me-Too (WMEU-TV) in Chicago rolls out the red carpet for "Me-Too Movie Classics," a showcase for a wide variety of Hollywood's greatest movies, stars and directors. From the classic to kitsch to cult, "Me-Too's Movie Classics" brings back classic films to free, over the air television with minimal content editing and only five minutes of internal commercial break time.
Theme weeks include a look at significant movies of the 1970s featuring Easy Rider, Bob, Carol, Ted & Alice and Butterflies Are Free. A week of screwball/classic comedies includes The Twentieth Century, Born Yesterday and the original Brewster's Millions. A week of Joan Crawford classics include the truly classic as well as campy Crawford performances from the 1950s and 1960s.
Adding classic movies to the schedule of Me-Too serves to further distinguish Me-Too as the snappy sibling of Me-TV, Chicago's beloved home of Classic TV, and provide a unique and uncluttered environment for advertisers seeking an engaged, loyal and receptive audience.
The movies will air weeknights at 7:00pm and Saturdays at 1:00pm with many other stars like Jack Lemmon, Jack Nicholson, Jackie Gleason, Jane Fonda, Carl Reiner, Peter Falk, Dick Van Dyke, Burt Reynolds and John Ritter. The movies for the summer are available in a list form on our message boards. You may also discuss the movie list and stars there, which also has a lot of classic TV stars in feature films.

Adding movies is not the only thing happening on June 30. Me-Too will change their classic TV line-up a bit too. Me-Too launched back in March with this launch schedule, that has continued until today, but now some changes are coming. Gilligan's Island, Ozzie and Harriet, Rawhide, are among the new series coming to Me-Too. View the new Me-Too schedule.

Sitcoms Airing Tonight

Thursday, February 20

Young Sheldon - "Pasadena" (CBS, 8:00PM ET/PT)
Sheldon visits CalTech for the very first time. Also, Georgie is furious when Mary listens in on a phone call with his girlfriend, and Meemaw tries to cheer up a jealous Missy.

The Unicorn - "The Client" (CBS, 8:30PM ET/PT)
When Wade lands a job for Denny (Donal Logue), a newly divorced, wealthy client, he realizes Denny is only interested in using Wade to meet women. Also, Meg (Nicole Byer) applies her expertise as an accountant to get Wade’s finances on track, and Forrest and Delia attempt to clear the tension between them by having an argument.

Mom - "Judy Garland and a Sexy Troll Doll" (CBS, 9:00PM ET/PT)
Bonnie helps Christy gain perspective as she considers a life-changing decision. Also, Jill fears she’s running out of time to have a baby and consults a fertility doctor.

Carol's Second Act - "Carol's Crush" (CBS, 9:30PM ET/PT)
After Carol’s patient’s transplant surgery is deemed a success, the interns tease her mercilessly about her obvious crush on the surgeon, Dr. Lewis (Patrick Fabian).

Last Man Standing - "Baked Sale" (Fox, 8:00PM ET/PT)
Mike's offer to help Jen with her school's bake sale goes up in smoke; Kyle finds unlikely advice from Joe on where he should enroll in college.

Outmatched - "Dating" (Fox, 8:30PM ET/PT)
When Nicole invites a boy over who isn't ideal boyfriend material, Kay tries to make sure her daughter doesn't end up with a broken heart; Mike attempts to understand Marc's strange crush.

Superstore - "Employee App" (NBC, 8:00PM ET/PT)
Cloud 9 employees experience unforeseen problems with the new Zephra app. Dina's texts lead to animosity, Glenn struggles to deal with a teen craze, and Jonah attempts to prank Garrett to teach him a lesson.

Brooklyn Nine-Nine - "The Jimmy Jab Games II" (NBC, 8:30PM ET/PT)
Competitive juices are flowing as Jake and the squad compete in the second Jimmy Jab Games.

Will & Grace - "Accidentally on Porpoise" (NBC, 9:00PM ET/PT)
Despite her history of transgressions, Grace and her neighbor, James (guest star Matt Letscher), decide to give their relationship one more shot. But when James invites Grace to his job at the aquarium, she endangers his job and a species. In order to help Will deal with his anxiety about becoming a father, Jack takes him to an unexpected place to blow off steam – church. Karen finds herself in a confessional booth, and a visit from Smitty (guest star Charles C. Stevenson, Jr.) makes her reconsider their entire relationship.

Indebted - "Everybody's Talking About the Mental Load" (NBC, 9:30PM ET/PT)
After Rebecca tells Dave she carries the emotional labor, aka the “mental load” of the family, he tries to prove otherwise by having her take care of just Deb and Stew for a few days. They both realize they’ve bit off more than they can chew, especially when Dave enlists his mom to help with Rebecca’s mental load.

grown-ish - "Real Life S**t" (Freeform, 8:00PM ET/PT)
Aaron's student loan troubles come to a head when he looks for a job at the Cal U job fair, prompting him to ask Zoey for help; Sky struggles to come to terms with her recent discovery about Rodney; Jillian tries to bond with Zoey.

Everything's Gonna Be Okay - "Blue Death-Feigning Beetles" (Freeform, 8:30PM ET/PT)
Matilda's whole life forks between success and obscurity on the most important night of her life; Nicholas juggles a house full of people and Penny on screen from her hospital bed in Australia.

Complete TV Listings

Sitcom Stars on Talk Shows (Week of February 17)

Thursday, February 20

Will Smith (The Fresh Prince of Bel-Air) - Catch Will on a repeat of The Tonight Show Starring Jimmy Fallon at 11:35pm on NBC.
Terry Crews (Brooklyn Nine-Nine/Are We There Yet?/Everybody Hates Chris) - Terry appears on a repeat of Late Night with Seth Meyers at 12:36am on NBC.
Scott Bakula (Murphy Brown/Eisenhower and Lutz/Gung Ho) - Scott stops by The Late Late Show with James Corden at 12:37am on CBS.
Ilana Glazer (Broad City) - Ilana is a guest on a repeat of A Little Late with Lilly Singh at 1:35am on NBC.
Jenny Slate (Big Mouth/Married/Bob's Burgers) - Jenny appears on a repeat of Conan at 11pm on TBS.
Oliver Hudson (Splitting Up Together/Rules of Engagement) - Oliver and his sister Kate are guests on The Ellen DeGeneres Show, so check your local listings.
Da'Vine Joy Randolph (High Fidelity/People of Earth/Selfie) - Da'Vine visits The Wendy Williams Show, so check your local listings.
Nick Kroll (The League/Cavemen) - Nick appears on The Kelly Clarkson Show, so check your local listings.
Jane Levy (Suburgatory) - Jane talks about Zoey's Extraordinary Playlist on The Kelly Clarkson Show, so check your local listings.
Edie Falco (Nurse Jackie) - Edie talks about Tommy on NBC's Today in the 10am hour.
Emeril Lagasse (Emeril) - Emeril gives a cooking lesson to a culinary student who fought back after having a stroke on Rachael Ray, so check your local listings.
Da'Vine Joy Randolph (High Fidelity/People of Earth/Selfie) - Da'Vine talks about High Fidelity on New York Live on WNBC in New York at 11:30am ET.