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, August 10

The Conners - "Messy Situation, Miscommunication and Academic Probation" (ABC, 8:00PM ET/PT) (Repeat)
When Becky inadvertently outs her relationship with Professor Davis, he’s forced to reevaluate his career, but his erratic behavior sends Becky down a path to reevaluate their relationship. Meanwhile, Dan and Darlene check in on Chuck, only to learn heartbreaking news about his family.

The Goldbergs - "Hip-Shaking and Booty-Quaking" (ABC, 8:30PM ET/PT) (Repeat)
Erica and Geoff decide to throw a party to prove to others and themselves that they can still have fun as a young, engaged couple. Meanwhile, Beverly assumes control of William Penn Academy as “acting principal” and presses the school faculty to put together a “Fame”-themed send-off for the senior class.

Abbott Elementary - "Open House" (ABC, 9:00PM ET/PT) (Repeat)
It’s Open House night at Abbott Elementary, and while Janine prepares to meet her struggling student’s mother, the rest of the faculty uses the time to relax. Gregory is taken aback when he learns how Ava got the principal job, and later, Barbara’s daughter’s visit creates a commotion in more ways than one.

Home Economics - "Keg of Light Beer, $180" (ABC, 9:30PM ET/PT) (Repeat)
While Tom and Marina attempt to relive their youth at a college party, Connor and Denise deal with JoJo (Tetona Jackson) potentially leaving when she gets an offer to go on a reality show. Meanwhile, Sarah considers casting her niece in the school musical.

Wellington Paranormal - "A Civil War" (The CW, 9:00PM ET/PT)
In the wake of a shocking blindside, players scramble for power; a pair of underdogs must choose between creating chaos and playing it safe.

grown-ish - "Look What U Started" (Freeform, 10:00PM ET/PT)
Eager to impress Gamma Psi Delta while pledging, Junior faces a moral dilemma when he books a controversial comic to perform at a fundraiser; Aaron struggles to fit in with his colleagues, and receives advice from Zoey about how to cope.

Everything's Trash - "Family Is Trash" (Freeform, 10:30PM ET/PT)
Jayden's obsessive need to fix Phoebe creates a rift between them; Jessie, Malika and Michael attempt to mend the relationship and reunite the siblings.

Complete TV Listings

Sitcom Stars on Talk Shows (Week of August 8)

Wednesday, August 10

Jamie Foxx (Dad Stop Embarrassing Me!/The Jamie Foxx Show) - Watch Jamie on Jimmy Kimmel Live! at 11:35pm on ABC.
Abbi Jacobson (Broad City) - Abbi appears on Jimmy Kimmel Live! at 11:35pm on ABC.
David Alan Grier (Dad Stop Embarrassing Me!/The Cool Kids/The Carmichael Show/Bad Teacher/Life with Bonnie/DAG) - David guest hosts Jimmy Kimmel Live! at 11:35pm on ABC.
Kieran Culkin (Go Fish) - Kieran is a guest on The Late Show with Stephen Colbert at 11:35pm on CBS.
Jeff Foxworthy (The Jeff Foxworthy Show) - Jeff appears on a repeat of Late Night with Seth Meyers at 12:36am on NBC.
Vanessa Bayer (I Love That for You) - Vanessa is a guest on a repeat of The Late Late Show with James Corden at 12:37am on CBS.
Julie Andrews (Julie) - Julie chats with the ladies of The View on a repeat on ABC at 11am ET/10am CT-PT.
Michaela Jaé Rodriguez (Loot) - Michaela discusses Loot on LIVE! with Kelly and Ryan, so check your listings.
Laura Linney (The Big C) - Laura appears on a repeat of The Kelly Clarkson Show, so check your local listings.
Gabriel Iglesias (Mr. Iglesias/Cristela) - Gabriel is a guest on a repeat of The Kelly Clarkson Show, so check your local listings.
Mariska Hargitay (Can't Hurry Love) - Mariska appears on a repeat of The Drew Barrymore Show, so check your local listings.
Jason Biggs (Outmatched/Mad Love/Drexell's Class) - Jason and his wife Jenny Mollen are guests on a repeat of The Drew Barrymore Show, so check your local listings.
D'Arcy Carden (Barry/The Good Place) - NBC's Today catches up with D'Arcy in the 9am hour.
Sherri Shepherd (Mr. Iglesias/Trial & Error/Sherri/Less Than Perfect/Suddenly Susan) - Sherri guest hosts a repeat of The Wendy Williams Show, so check your local listings.
Sofia Vergara (Modern Family/The Knights of Prosperity/Hot Properties) - Sofia is a guest on E!'s Daily Pop at 11am.
Howie Mandel (Good Grief) - Howie will be on E!'s Daily Pop at 11am.
Terry Crews (Brooklyn Nine-Nine/Are We There Yet?/Everybody Hates Chris) - Terry is a guest on E!'s Daily Pop at 11am.
Megan Suri (Never Have I Ever) - Megan appears on PIX11 Morning News on WPIX in New York at 9:40am.