Thursday, January 8, 2009
HTN: Classic TV off Local Channel
A dispute between the former and current owners of Retro Television Network [[ RTN ]] knocked a bunch of classic TV shows off local affiliate WNGS-TV. Instead of running the classic TV shows, it's running movies. Equity Media Holding Corporation, the former owner of RTN, is no longer allowed to air RTN programs on its. Equity's contract to distribute the RTN network was extended a week past the original December 24th expiration date. The 24th was the deadline for Equity to opt to buy back RTN from Luken Communications, the current owner. Luken bought RTN back in June for 25-million dollars. Luken is a large shareholder in Equity Media. Equity filed bankruptcy papers in Little Rock, Arkansas last month.
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