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Items Tagged With: “Regent Communications”
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Townsquare rumors about New Jersey are not going away
Speculation continues not just at the NAB in Las Vegas, but also in New Jersey regarding the rumors of a Townsquare Media buyout of New Jersey's Millennium Radio. Friday's "Taylor on Radio-Info" says the rumor "spread around the floor of the NAB Show like a cold virus at a kindergarten." For Townsquare Media, which does not comment on merger & acqu…
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George Laughlin, one of Townsquare Media's two Senior VPs, resigns
Laughlin had been running Dallas-based GAP West when the two GAP companies and Regent Communications were melded into Townsquare Media last August. Laughlin continued supervising those stations in the division that had been known internally as the "Square" group.
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Townsquare Media gets FCC approval, takes over former Regent stations
That happened at midnight on July 1 for all but two of the former Regent stations. After the company emerged from Chapter 11 bankruptcy, the Regent Communications stations had been in a Jay Meyers-run trust until FCC granted approval. Read More
Townsquare Media, the former Regent, fills out management team
There are five hires and one retirement: Senior VP of Operations John King, who’s leaving the business after 39 years. Of the new Oaktree Capital-backed Townsquare Media group run by Stephen Price and Stu Rosenstein, King says “I wish them nothing but continued success.” Townsquare took an equity interest in the former Regent Communications as it e… Read More
The hidden surprise on Wall Street – Radio company stocks are hot, compared to earlier this year
When the recession hit its hardest, radio company stocks were hitting historic lows in February, almost on a daily basis. As Wall Street has climbed back, so has the value of radio stocks. Read More
Regent's revenues dropped 12%, January-March
The first-quarter numbers look sobering for Cincinnati-based Regent Communications – but $31.8 million of the net loss of $32.5 million was due to a non-cash impairment charge on the value of licenses. Broadcast revenues dropped 12.3% from the year prior, to $18.3 million. Read More
A Regent Communications reverse-stock split is in the works
It’s one of the questions that will be answered at the June 3 shareholders meeting – most likely with a “yes.” Cincinnati-based Regent has faced delisting of its stock (RGCI) since February, due to its falling below $1 per share and having a very low market capitalization. In a filing with the Securities & Exchange Commission, Regent is proposing a… Read More
Regent Communications faces a technical default with lenders
It’s got 30 days to remedy that, following an April 1 notification from lead lender Bank of America. BofA considers the year-end auditor’s report a “triggering event” and has declared a technical default. Read More
Regent shrinks its board, gets a new chairman, and makes a deal with a big shareholder
Riley Investment Management has been shaking up Cincinnati-based Regent since it accumulated a large stake several years ago. Today, Regent Communications says it’s taking several actions that affect its corproate structure. Read More
A number of radio companies may not face delisting thanks to new NYSE rules
A recent rule change by the New York Stock Exchange that temporarily lowers the market capitalization rules for delisting could benefit companies like Sirius XM (SIRI), Emmis Communications (EMMS), Citadel (CDL), and Regent Communications (RGCI). They've all faced potential delisting warnings due to their low market caps. Read More
Radio stocks glad to bid adieu to 2008
When companies and shareholders look back at 2008, they’ll remember a year when debt and a horrendous advertising climate decimated companies, turning multi-billion dollar businesses into penny stocks. Shares of Sirius XM (SIRI) plummeted post-merger, ending 2008 at just 12 cents, down 96% for the year. Read More
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