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, June 8

Young Sheldon - "Pancake Sunday and Textbook Flirting" (CBS, 8:00PM ET/PT) (Repeat)
Mary struggles to make new friends while Mandy pushes Georgie to date another woman.

Ghosts - "Alberta's Descendant" (CBS, 8:30PM ET/PT) (Repeat)
Alberta is thrilled when a living relative, Alicia (Ashley D. Kelley), visits Woodstone to learn more about her, but things take a turn when she hits it off with Todd (Rodrigo Fernandez Stoll), Sam’s podcast co-host. Also, Nigel uses his knowledge of Trevor and Hetty’s secret tryst to try to blackmail Hetty.

Animal Control - "Dogs and Geese" (Fox, 9:00PM ET/PT) (Repeat)
Dispatch radios a report of a goose on the loose; the precinct hosts an adoption day.

Animal Control - "Pigs and Minks" (Fox, 9:30PM ET/PT) (Repeat)
The team welcomes back Patel even though he is still on suspension; Shred and Victoria are called into the principal's office on a school visit; Rick heads back into the field with Frank.

Complete TV Listings

Sitcom Stars on Talk Shows (Week of June 5)

Thursday, June 8

Kaley Cuoco (The Big Bang Theory/8 Simple Rules/Ladies Man) - Catch Kaley on a repeat of The Tonight Show Starring Jimmy Fallon at 11:35pm on NBC.
Tom Hanks (Bosom Buddies) - Tom appears on a repeat of The Late Show with Stephen Colbert at 11:35pm on CBS.
Lea Michele (The Mayor/Scream Queens) - Lea is a guest on a repeat of Late Night with Seth Meyers at 12:36am on NBC.
Janelle James (Abbott Elementary) - Janelle appears on a repeat of Late Night with Seth Meyers at 12:36am on NBC.
Chris Messina (The Mindy Project) - Chris will be on a repeat of The Late Late Show with James Corden at 12:37am on CBS.
Laurie Metcalf (The Conners/Roseanne/The McCarthys/The Norm Show) - Laurie chats with the ladies of The View on ABC at 11am ET/10am CT-PT.
Boris Kodjoe (The Last Man on Earth/Second Time Around) - Boris is a guest on a repeat of The Talk on CBS at 2pm ET/1pm CT-PT.
Maitreyi Ramakrishnan (Never Have I Ever) - Maitreyi talks about Never Have I Ever Live with Kelly and Mark, (check your listings) and on ABC's GMA 3: What You Need to Know at 1pm.
Eva Longoria (Telenovela) - Eva appears on The Kelly Clarkson Show, so check your local listings.
Marcus Scribner (grown-ish/black-ish) - Marcus joins the Tam Fam to discuss the final season of grown-ish on Tamron Hall, so check your local listings.
Nia Long (Uncle Buck/The Cleveland Show/The Fresh Prince of Bel-Air) - Nia appears on a repeat of The Drew Barrymore Show, so check your local listings.
Lauren London (The Game) - Lauren is a guest on a repeat of The Drew Barrymore Show, so check your local listings.
Fortune Feimster (Kenan/Bless the Harts/Champions) - Fortune appears on a repeat of The Jennifer Hudson Show, so check your local listings. She also talks about FUBAR on CBS Mornings sometime between 7-9am.
Kelsey Grammer (Frasier/Partners/Cheers) - Kelsey is telling Rachael about his recent movie, the Frasier revival and what he's got going on next on a repeat of Rachael Ray, so check your local listings.
Marilu Henner (Evening Shade/Taxi) - Marilu talks about Hallmark's Aurora Teagarden Mysteries: Haunted by Murder on Access Daily with Mario & Kit, so check your local listings.
Vivica A. Fox (Mr. Box Office/Getting Personal/Arsenio/Out All Night) - Vivica stops by to discuss her involvement with the Tony Awards and her Fox Soul talk show Cocktails with Queens on Sherri, so check your local listings.
Marsha Warfield (Night Court/Empty Nest) - Marsha drops by to talk about her iconic comedy career, her The Book of Marsha comedy tour and finally sees the green room at Sherri that was inspired by her, so check your local listings.
Sarah Jessica Parker (And Just Like That.../Sex and the City/Square Pegs) - Sarah will be on ABC's Good Morning America sometime between 7-9am.