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.
Regent Communications is at risk of being delisted from the NASDAQ stock market, according to business newspaper report in Cincinnati, the home of Regent corporate HQ. The owner of 62 stations -- including four in Utica-Rome -- has been trading below NASDAQ's $1.00 minimum for more than 30 consecutive trading days.
An observant CNYRadio.com reader alerted us of some brand-new websites for the Utica-Rome cluster of Regent Communications stations. For those of you who like to get technical, our tipster also mentioned the websites have switched from PHP-based technology to ASP-technology.
Echoing what has been reported in many national trades lately, small-market radio is often doing better than large-market radio. And that holds true for Regent Communications. In the company's Q4 2007 Earnings Conference Call this week, CEO Bill Stakelin cited growth for several of the company's markets, including Utica-Rome. In fact, Stakelin specifically gave the […]