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

Friday, November 22

Happy's Place - "Happy's House" (NBC, 8:00PM ET/PT)
Bobbie agrees to take Isabella to Happy's house in search of a connection to their late father, leading Bobbie to worry about what they may find; Gabby hopes to strike it rich by searching through Happy's penny collection looking for a rarity.

Lopez vs Lopez - "Lopez vs Orlando" (NBC, 8:30PM ET/PT)
When Rosie's spoiled nephew Orlando visits, Mayan sets out to expose Rosie's cultural gender bias; George wants to teach Chance the value of hard work, but, instead, helps him create a toxic work environment.

Bob Hearts Abishola - "Whacking the Mole" (The CW, 8:00PM ET/PT) (Repeat)
After Abishola has a romantic dream about Bob, she tries to suppress her feelings for him and pays the price.

Bob Hearts Abishola - "Ralph Lauren and Fish" (The CW, 8:30PM ET/PT) (Repeat)
Bob and Abishola finally go on a proper date, which is interrupted by Dottie's medical emergency.

Bob Hearts Abishola - "Tough Like a Laundromat Washing Machine" (The CW, 9:00PM ET/PT) (Repeat)
Bob hires Abishola to take care of Dottie in his home while she recovers; Dottie has a hard time dealing with her limitations and takes it out on Abishola.

Bob Hearts Abishola - "Useless Potheads" (The CW, 9:30PM ET/PT) (Repeat)
With Abishola only helping part-time, Bob, Douglas and Christina struggle to take care of Dottie.

Wizards Beyond Waverly Place - "Wiz-Taken Identity" (Disney Channel, 8:00PM ET/PT)
When Billie struggles with a spell, Roman says he could do it if he was a wizard: to prove him wrong, Billie uses a Power Glass to transfer her powers to Roman.

Wizards Beyond Waverly Place - " Ain't Gnome Party Like a Wizard Party" (Disney Channel, 8:30PM ET/PT)
Justin embraces mortality to live with his family; his new challenge arises when Alex introduces Billie, a wizard-in-training, seeking Justin's mentorship.

Complete TV Listings

Sitcom Stars on Talk Shows (Week of November 18)

Friday, November 22

Kerry Washington (UnPrisoned) - Watch Kerry on a repeat of Jimmy Kimmel Live! at 11:35pm on ABC.
Jimmy O. Yang (Interior Chinatown/Space Force/Silicon Valley) - Jimmy is a guest on a repeat of Jimmy Kimmel Live! at 11:35pm on ABC.
Ariana Grande (Sam & Cat/Victorious) - Ariana appears on a repeat of The Tonight Show Starring Jimmy Fallon at 11:35pm on NBC.
Andy Richter (Andy Barker, P.I./Quintuplets/Andy Richter Controls the Universe), Thomas Lennon (The Odd Couple/Sean Saves the World/Reno 911!) and Aparna Nancherla (Lopez vs Lopez/Search Party/Corporate) - Andy, Thomas and Aparna are guests on a repeat of After Midnight at 12:37am on CBS.
Keke Palmer (Scream Queens/True Jackson, VP) - Keke talks about her new book Master of Me: The Secret to Controlling Your Narrative on The Drew Barrymore Show, so check your local listings.
Andrew Rannells (Girls/The New Normal) - Drew is joined by the hilarious Andrew to celebrate all things Thanksgiving on The Drew Barrymore Show, so check your local listings.
Rosie Perez (Human Resources/Search Party) - Rosie tells Sherri about her new Apple TV+ psychological thriller Before on Sherri, so check your local listings.
Candace Cameron Bure (Fuller House/Full House) - Candace will be on New York Living on WPIX in New York at 10:15am.