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 1

DMV - "Splash Fountain" (CBS, 8:00PM ET/PT)
Colette’s effort to redirect holiday plans takes an unexpected turn when it lands her trapped in a car. Meanwhile, a surprising new friendship stirs up jealousy among the team.

The Neighborhood - "Welcome to Babies and Bathwater" (CBS, 8:30PM ET/PT)
Dave’s ambitious home improvement plans take a turn, prompting Calvin to step in, while Malcolm seeks Gemma’s help to overcome writer’s block. Meanwhile, Tina’s suggestion for Daphne sparks a parenting dilemma for Courtney.

St. Denis Medical - "I Left a Woman on the Table" (NBC, 8:00PM ET/PT)
Matt struggles to deal with a patient from his past; Bruce tries to rekindle romance with a former flame; Joyce treats patients to cover a nursing shortage.

The Paper - "TTT vs the Blogger" (NBC, 8:30PM ET/PT)
After learning that a snarky high schooler's blog has more readers than the paper, Ned and Esmeralda team up to embarrass the corner-cutting brat; Mare and Oscar cover a beloved music teacher's last production.

TV We Love - "Touched by an Angel" (The CW, 9:00PM ET/PT)
"Touched by an Angel" star Roma Downey and executive producer Martha Williamson reflect on the moving stories of faith, hope, and inspiration that captivated millions.

Complete TV Listings

Sitcom Stars on Talk Shows (Week of December 1)

Monday, December 1

Sydney Sweeney (Everything Sucks!) - Watch Syndey on The Tonight Show Starring Jimmy Fallon at 11:35pm on NBC.
Kristin Chenoweth (Stumble/Trial & Error/Kristin) - Kristin appears on The Late Show with Stephen Colbert at 11:35pm on CBS.
Maya Rudolph (Loot/Bless the Harts/Forever/Up All Night) - Maya is a guest on a repeat of Late Night with Seth Meyers at 12:36am on NBC.
Adam Pally (Mr. Throwback/Indebted/Making History/The Mindy Project/Happy Endings) - Adam appears on a repeat of Late Night with Seth Meyers at 12:36am on NBC.
Adam Sandler (The Cosby Show) - Adam talks about Jay Kelly on ABC's Good Morning America sometime between 7-9am and on The Drew Barrymore Show, so check your local listings.
George Clooney (Roseanne/The Facts of Life/ E/R (1984-1985) - George talks Jay Kelly with Michael Strahan on ABC's Good Morning America sometime between 7-9am.
Minnie Driver (Emily in Paris/Speechless/About a Boy) - Minnie talks about Emily in Paris on Live with Kelly and Mark, so check your local listings.
Kyle Richards (Down to Earth) - Kyle talks about The Real Housewives of Beverly Hills on Live with Kelly and Mark and on Access Daily with Mario & Kit, so check your local listings.
Vanessa Bell Calloway (Kenan/Survivor's Remorse/Under One Roof) - Tamron Hall has A DAYTIME EXCLUSIVE with rapper, writer and actor Vince Staples and award-winning actress Vanessa Bell Calloway, who play mother and son in the Netflix series The Vince Staples Show, so check your local listings.
Richie Moriarty (Ghosts) - Richie talks about Ghosts on CBS Mornings sometime between 7-9am.
Cheyenne Jackson (Call Me Kat/30 Rock) - Cheyenne is a guest on PIX11 Morning News on WPIX in New York at 9:40am.
Reba McEntire (Happy's Place/Malibu Country/Reba) - Reba appears on NBC's Today sometime between 7-9am and in the 9am hour.
Regina Hall (Black Monday/Grandfathered/Married/Second Generation Wayans) - Regina is a guest on NBC's Today in the 10am hour.