It emphasizes its “new financial flexibility”, with most of its debt now stripped away following the Chapter 11 re-organization, so it can think about being an acquirer. The Cincinnati-based station owner enjoyed a speedy trip through the bankruptcy reorganization process, having filed its initial petition with the court on March 1. Shareholders of Regent’s common stock (“RGCI”) as of Monday (4/26) will receive 13 cents for each of their shares, with checks going out in early to mid May. Former debtholder Oaktree Capital is taking majority control of Regent, whose senior management remains in place. A few stations are going into a divestiture trust run by BMT’s Jay Meyers: the sale triggered a change-of-control that means some over-sized local clusters in Ft. Collins and Lafayette, Louisiana are no longer grandfathered.