UTICA-ROME -- Observant CNYRadio.com readers report a slight format change at Regent's Oldiez 96 (WODZ). The station is now carrying the syndicated "True Oldies Channel" service, hosted by Scott Shannon.
UTICA-ROME -- Observant CNYRadio.com readers report a slight format change at Regent's Oldiez 96 (WODZ). The station is now carrying the syndicated "True Oldies Channel" service, hosted by Scott Shannon.
CINCINNATI -- Regent Communications, owner of 62 stations, including four radio stations in the Utica-Rome market, has emerged from Chapter 11 bankruptcy today, according to a press release issued this morning by the company.
CINCINNATI -- Regent Communications, the parent company of four radio stations in the Utica-Rome market, has filed for a "prearranged" Chapter 11 bankruptcy in order to eliminate $87 million in debt.
Update 1/6 at 10:00am - Regent CEO Bill Stakelin tells Tom Taylor on Radio-Info that "we could've made the payment, that wasn't the issue." Rather, the company "decided to conserve cash" as a strategic decision. CINCINNATI, OH - Regent Communications, the owner of four Utica-Rome radio stations, released a public filing today stating it "did […]
UTICA-ROME -- At least three people were pinkslipped from the on-air lineup at Regent's Oldiez 96 (WODZ) today... but Regent had no control over the changes. The decision was made by Citadel Media, who supplies the station's syndicated "Classic Hits" satellite feed outside of morning drive.
Less than a week after Citadel Broadcasting announced it may soon be exploring "the possibility of seeking relief through a Chapter 11 filing," one prominent online columnist explains why he thinks Regent could be in a similar situation. Both companies own stations in Central New York.
UTICA-ROME -- Former WIBX board operator R. Clark Witt, IV, passed away on Sunday, following a long illness. He was 32 years old. Writing obituaries is never pleasant -- but this one is especially tough for your editor -- we were co-workers at Regent Broadcasting from 1999 until about 2002-ish, when Clark graduated from Utica College […]
Regent was one of two major broadcasting companies to give its first quarter financial statement on Friday, and the news was not good. The company posted a $32.5 million loss for the first three months of the year, compared to a $3.0 million loss in the same period of 2008.
Following a move similar to what Saga did in January, Regent Communications is reportedly proposing a reverse stock split. It's an effort to help boost the company's stock price, which stood at 15 cents as of 9:20am Friday.
Several sources say Regent Communications, the owner of four stations in the Utica-Rome market, could be very close to defaulting on $195 million in debt on loan from Bank of America. The reports were triggered by Regent's latest SEC filing.