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.
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.
UTICA-ROME -- The Arbitron Persons 12+ numbers for the Fall 2008 ratings period are out. Regent's Big Frog 104 (WFRG) and Lite 98.7 (WLZW) still own the top 2 ranks, but the duo traded ranks as Lite loses nearly 3 ratings points since the spring.
UTICA-ROME -- Dick Bartley will be ending his long run as host of syndicated fare including "American Gold" and "Rock & Roll's Greatest Hits" as of the end of March 2009. The latter of the two programs airs locally on Oldiez 96 (WODZ).
Regent Communications has signed a deal with Radiolicious, making it the first major radio group to make all of its web streams accessible to users of Apple iPhone or iPod Touch devices.
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 […]
Regent Communications has set a price of $7.50 per share on its add-on stock offering, and because investor demand was higher than expected, the planned offering of 8.25 million shares was kicked up to 10.5 million.