Equity Media Holdings Corporation was a broadcasting company based in Little Rock, Arkansas that owned and operated television stations across the United States.

In late 2005, Equity launched the Retro Television Network (RTN for short), a programming service with a lineup of "classic" shows from the 1950s through the 1980s which currently airs in part or full in numerous markets (controversially replacing UPN in one[citation needed]).

[10] Trading in Equity Media Holdings Corporation (EMDA.Q) common stock, units, and warrants were suspended on December 18, 2008; NASDAQ announced on January 15, 2009, that the Equity-related securities were de-listed permanently.

Equity had also unexpectedly terminated a deal with the Southland Conference to carry University of Central Arkansas basketball games on KKYK-DT, effective January 14, 2009.

Equity Media had been paid to provide centralcasting services for RTN after that network was sold to Luken Communications for $25 million in June 2008.

By January 7, 2009, various Equity-owned or operated stations were broadcasting classic movies (or in some cases, Retro Jams) in place of RTN's content;.

[19] In mid-December 2008, Equity filed notice with the Federal Communications Commission that more than a dozen of its individual analog-only full service stations would not be able to acquire equipment for digital TV transition without court approval, and these recently constructed full-power stations would therefore go dark at the end of digital transition (originally scheduled for February 17, 2009; since extended to June 12, 2009).

Equity had requested that the FCC extend the expiry dates of digital construction permits for these stations, a possible means of retaining the affected licenses until a buyer can be found.

Several Ion Television stations which signed on when digital licenses began to be issued in the early 2000s did the reverse of Equity, declining to build out redundant and costly analog facilities which would only be used for a few years, and signing them on exclusively as digital-only stations which were located within the core of their market area, despite losing out on analog viewership in their early histories.

As much of the free-to air satellite programming in North America consists of ethnic-language or specialised content, Equity's demise represented a significant loss in available English/Spanish-language Ku-band free television in the US.

Under the protection of Chapter 11 bankruptcy, Equity Media Holdings Corporation sold most of these TV stations at an auction in Dallas on April 16, 2009, for a total of $21.3 million.