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 / Sitcom Stars on Talk Shows

Monday, December 8

DMV - "The Next Window" (CBS, 8:00PM ET/PT)
At the Big Sac holiday party, Colette tries to impress Noa before his single “window” closes. Meanwhile, Barb’s effort to save the East Hollywood DMV backfires when she accidentally tackles the director, but assistant Sally (Leslie Jones) steps in to help.

The Neighborhood - "Welcome to Secrets and Santas" (CBS, 8:30PM ET/PT)
The Butlers’ anniversary plans take an unexpected turn when a blast from the past, Calvin’s ex-girlfriend, resurfaces. Meanwhile, Malcolm’s meeting gets hijacked, Marty makes a big move toward commitment and Gemma finds herself caught in a holiday misunderstanding.

St. Denis Medical - "No Wonder His Kidney Wants Out" (NBC, 8:00PM ET/PT)
Ron and Alex react very differently to a seemingly selfless patient; Joyce runs into an old flame; Matt helps Bruce find a new best friend.

The Paper - "Scam Alert" (NBC, 8:30PM ET/PT)
Ned chases a story about a local scammer operating through a dating app and realizes he may already have the scoop when he learns Esmeralda was one of his victims; Nicole is full of vengeful glee.

Complete TV Listings

Sitcom Stars on Talk Shows (Week of December 8)

Monday, December 8

Quinta Brunson (Abbott Elementary) - Watch Quinta on Jimmy Kimmel Live! at 11:35pm on ABC.
Mila Kunis (Family Guy/That '70s Show) - Mila appears on The Tonight Show Starring Jimmy Fallon at 11:35pm on NBC. She also talks about Wake Up Dead Man: A Knives Out Mystery on NBC's Today sometime between 7-9am.
Zooey Deschanel (Physical/New Girl) - Zooey is a guest on The Tonight Show Starring Jimmy Fallon at 11:35pm on NBC.
Sabrina Carpenter (Girl Meets World) - Sabrina appears on Late Night with Seth Meyers at 12:36am on NBC.
Ashley Park (Emily in Paris/Only Murders in the Building/Girls5eva/Nightcap) - Ashley talks about Emily in Paris on ABC's Good Morning America sometime between 7-9am and on Sherri, so check your local listings.
Ana Gasteyer (American Auto/People of Earth/Lady Dynamite/Suburgatory) - Ana chats about Sugar & Booze: A Holiday Spectacular with the ladies of The View on ABC at 11am ET/10am CT-PT.
Henry Winkler (Barry/Arrested Development/Out of Practice/Monty/Happy Days) - All Access with Linsey Davis sits down with Henry to talk about his life, career and new children's book Detective Duck: The Mystery at Emerald Pond on ABC News Live Prime with Linsey Davis at 7pm.
Mark Hamill (The Texas Wheelers) - Mark talks about The SpongeBob Movie: Search for SquarePants on Live with Kelly and Mark, so check your local listings.
Brooke Shields (Suddenly Susan) - Brooke co-hosts NBC's Today in the 10am hour.
Connie Britton (SMILF/Lost at Home/The Fighting Fitzgeralds/Spin City) - Connie tells Sherri about starring in The Family McMullen, the sequel to The Brothers McMullen, on Sherri, so check your local listings.
Reba McEntire (Happy's Place/Malibu Country/Reba) - Reba talks about season two of her hit sitcom Happy's Place on The Drew Barrymore Show, so check your local listings.
Justine Lupe (Nobody Wants This/Cristela) - Justine talks about Netflix's Nobody Wants This on Access Daily with Mario & Kit, so check your local listings.