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

Wednesday, October 21

The Goldbergs - "Airplane!" (ABC, 8:00PM ET/PT)
Beverly surprises the family with an end-of-summer vacation to Miami with the flight down resembling the classic film, and Geoff accidentally spills to Erica the real reason for the trip.

The Goldbergs - "The Prettiest Boy in School" (ABC, 8:30PM ET/PT)
Adam, now a senior, returns to William Penn Academy as he wrestles with the fact that he is a cool kid and no longer a nerd while his original friend group isn’t as lucky. Meanwhile, Beverly attempts to have a more grown-up relationship with Erica and Barry before they head back to college.

The Conners - "Keep on Truckin' Six Feet Apart" (ABC, 9:00PM ET/PT)
The Conners are back and dealing with the pandemic, and life’s financial troubles loom over the family. Dan is still trying to catch up on back-mortgage payments and avoid a potential eviction, while the Lunch Box is closed for everything but takeout and delivery. Becky and Darlene are both forced to search for additional income at the newly reopened Wellman Plastics plant.

black-ish - "Hero Pizza" (ABC, 9:30PM ET/PT)
The season premiere of “black-ish” takes us to the beginning of the global pandemic for the Johnsons. As a first responder, Bow receives her family’s praise for her work, with Junior being her biggest fan. But over time, the family loses their enthusiasm, and Bow discovers someone in her house is breaking the quarantine lockdown rules. Meanwhile, Dre tries to convince everyone that he too is an essential worker.

Tyler Perry's House of Payne - "Moving On" (BET, 8:00PM ET/PT)
House of Payne is the hilarious comedy about Retired fire chief Curtis Payne and his lovely wife Ella. Together the loving couple navigate the problems of life with their quirky modern day family.

Tyler Perry's Assisted Living - "Mary Jane" (BET, 8:30PM ET/PT)
Leah learns that Mr. Brown has cut down Vinny's plants in the back yard.

Family Time - "Somebody's Watching Me" (Bounce TV, 8:00PM ET/PT)
Tony and Donnie spy on Ebony and her new boyfriend; Lori is recruited to be the face of hair care.

Complete TV Listings

Sitcom Stars on Talk Shows (Week of October 19)

Wednesday, October 21

Tracee Ellis Ross (black-ish/Girlfriends) - Watch Tracee on Jimmy Kimmel Live! at 11:35pm on ABC. She will also be on ABC's Good Morning America sometime between 7-9am.
Eric Andre (Man Seeking Woman/Don't Trust the B---- in Apartment 23) - Eric appears on Jimmy Kimmel Live! at 11:35pm on ABC.
Eva Longoria (Telenovela) - Eva will be on The Late Show with Stephen Colbert at 11:35pm on CBS.
Susan Kelechi Watson (Louie) - Susan is a guest on a repeat of A Little Late with Lilly Singh at 1:35am on NBC.
Tig Notaro (One Mississippi) - Tig will be on a repeat of A Little Late with Lilly Singh at 1:35am on NBC.
Sara Gilbert (The Conners/Living Biblically/Bad Teacher/Welcome to New York/Roseanne) - Sara appears on The Talk on CBS at 2pm ET/1pm CT-PT.
Sarah Hyland (Modern Family) - Sarah is a guest on The Ellen DeGeneres Show, so check your local listings.
Marlon Wayans (Marlon/The Wayans Bros.) - Marlon talks about On the Rocks on The Wendy Williams Show, so check your local listings.
Lauren Ash (Superstore/Super Fun Night) - Lauren appears on The Kelly Clarkson Show, so check your local listings.
Brandy (Zoe Ever After/The Game/Moesha/Thea) - Brandy talks about her struggle with depression, new music and what's next on Tamron Hall, so check your local listings.
Michelle Buteaun (First Wives Club) - Michelle talks about raising twins, relocating to London with her family to tape next season of her hit show The Circle, her new book and more on The Drew Barrymore Show, so check your local listings.
Cedric the Entertainer (The Neighborhood/The Last O.G./The Soul Man/The Steve Harvey Show) - Cedric talks about CBS's The Greatest #AtHomeVideos on Access Daily, so check your local listings.
Tim Robbins (The Brink) - Tim talks about the Bobbo Supreme podcast on Access Daily, so check your local listings.
Teri Polo (I'm with Her/Man Up!) and Blythe Danner (Adam's Rib/Tattingers) - Teri, Blythe and the cast of Meet the Parents reunite on NBC's Today sometime between 7-9am.
Jane Lynch (Angel from Hell) - Jane talks about Weakest Link on Home & Family on Hallmark Channel at 10am ET/PT.