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

Wednesday, April 2

The Conners - "Fame, Flying Fists and Cold Feet" (ABC, 8:00PM ET/PT)
The Conners get a taste of fame when their family restaurant is featured in a reality TV show, which inspires Becky to become an influencer. Meanwhile, Jackie and Dan meet with a lawyer, and Darlene connects with someone at The Lobo Lounge.

Abbott Elementary - "Ava Fest: Tokyo Drift" (ABC, 8:30PM ET/PT)
The Abbott teachers turn their open house into a carwash to help raise money for the school.

Complete TV Listings

Sitcom Stars on Talk Shows (Week of March 31)

Wednesday, April 2

Adam DeVine (The Righteous Gemstones/Pitch Perfect: Bumper in Berlin/Workaholics/Modern Family) - Watch Adam on a repeat of Jimmy Kimmel Live! at 11:35pm on ABC.
Michael B. Jordan (The Assistants) - Michael appears on The Tonight Show Starring Jimmy Fallon at 11:35pm on NBC. He also talks about Sinners on ABC's Good Morning America sometime between 7-9am and on ABC's GMA 3: What You Need to Know at 1pm.
Olivia Munn (Perfect Couples) - Olivia is a guest on The Tonight Show Starring Jimmy Fallon at 11:35pm on NBC.
Hannah Einbinder (Hacks) - Hannah stops by The Late Show with Stephen Colbert at 11:35pm on CBS.
Rob Delaney (Bad Monkey/Catastrophe) - Rob appears on Late Night with Seth Meyers at 12:36am on NBC.
Sasheer Zamata (Home Economics/Woke/Robbie) and Greta Titelman (Fantasmas/Search Party/Los Espookys) - Sasheer and Greta are guests on After Midnight at 12:37am on CBS.
Wanda Sykes (The Upshaws/The New Adventures of Old Christine/Wanda at Large) - Wanda appears on Everybody's Live with John Mulaney at 10pm on Netflix.
Jennifer Lopez (South Central) and Jamie Foxx (Dad Stop Embarrassing Me!/The Jamie Foxx Show) - E! News has interviews with Jennifer and Jamie at 11pm on E!.
Chris Perfetti (Abbott Elementary) - Chris talks about Abbott Elementary on ABC's Good Morning America sometime between 7-9am.
Jenny Slate (The Great North/Big Mouth/Married/Bob's Burgers) - Jenny talks about Dying for Sex with the ladies of The View on ABC at 11am ET/10am CT-PT.
Judy Greer (Kidding/Married/Mad Love/Miss Guided/Arrested Development) - NBC's Today catches up with Judy in the 9am hour.
Olivia Munn (Perfect Couples) - Olivia guest co-hosts NBC's Today in the 10am hour.
Glen Powell (Scream Queens) and Kristin Davis (And Just Like That.../Bad Teacher/Sex and the City) - NBC's Today catches up with Glen and Kristin in the 10am hour.
Tasha Smith (Survival of the Thickest/Tyler Perry's For Better or Worse/The Tom Show/Boston Common) - Tasha, who stars in Netflix's Surival of the Thickest, joins Tamron Hall to discuss how she found her freedom by sharing her story on her own terms and learning to embrace self-love, so check your local listings.
Gabourey Sidibe (Difficult People/The Big C) - Gabourey talks about starring in the new Lifetime movie Give Me Back My Daughter on Sherri, so check your local listings.
Seth Rogen (The Studio/Platonic/Undeclared) - Seth is joining Drew to tell her all about his new show The Studio on The Drew Barrymore Show, so check your local listings.