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Company News

Regent Appoints Hoffman as Dir./Interactive Sales Regent Communications appoints 16-year industry vet Ben Hoffman to the newly-created position of Director of Interactive Sales. Previously, he has been with Clear Channel Radio in a variety of management roles for the past 8 years. Most recently, he was Director of Sales for Clear Channel/Dayton, OH, where he led More

Regent Q3 Revenues Down 13.9%, Loss Narrows Regent Communications posted a 13.9% drop in third quarter broadcast revenues to $21.8 million from $25.3 million in 2008. Station operating expenses fell 4.8% to $14.6 million from $15.3 million. The company reported a net loss of $0.4 million (one cent per share) compared with a reported net loss of $46.3 million More

Forecast: $250 Million in Political for Radio in 2010 Wells Fargo senior analyst Marci Ryvicker is forecasting that 2010 political advertising figures will reach $3.3 billion, up 11% over 2008. She says that $2.1 billion will be allocated to broadcast television (67% rise) and $250 million allocated to terrestrial radio (8% gain). Issue advertising could approach $1 More

KKOB-AM/Albuquerque Named Legendary Station Citadel's Talk KKOB-AM/Albuquerque was named Legendary Station of the Year during the 2009 NAB Marconi Radio Awards hosted by TRN's Laura Ingraham at the NAB Radio Show Thursday night in Philadelphia. KKOB beat out the likes of KQRS-FM/Minneapolis WGY-AM/Albany, NY, and WMJX-FM/Boston. Lampo Group's Dave Ramsey was named More

Regent Q2 Net Broadcast Revenues Drop 14% Regent Communications reported a 14% second quarter dip in net broadcast revenues to $22.8 million from $26.5 million in 2008. Station operating expenses decreased 9.7% to $14.8 million from $16.4 million. The company posted net earning of $3.2 million (8 cents per share) as compared with $5.7 million (14 cents) in the same More

Super Session Breakfast Features Broadcast Execs The NAB Radio Show will include an interactive session featuring top-level radio execs who will share their insight about the radio business on September 24. The Group Executives Super Session Breakfast will allow attendees to participate in a candid discussion about the future of radio. During the session, the execs will More

LAI Takes Control of Mapleton Communications Lazard Alternative Investments, which partnered with Mapleton Communications in July, 2006, to finance new acquisitions, has reportedly taken control of the radio group. The lender plans to keep CEO Adam Nathanson and most of the management in place. Lazard Alternative previously helped the broadcaster expand its West More

Exec. VP/CFO Marty Gausvik to Exit Cumulus Media Marty Gausvik is leaving Cumulus Media as Executive VP/CFO after 9 years with the company. He's exiting the Atlanta-based radio broadcaster to pursue other opportunities. Prior to joining Cumulus in 2000, he served in a similar role with Latin Communications. Before that, Gausvik was VP/Finance for Jacor until its merger with More

Norm Pattiz to Continue as Westwood One Chairman Westwood One announced Tuesday that founder Norm Pattiz will continue as Chairman of the company's board of directors for two more years. "As the founder of Westwood One, I am delighted to be staying on as chairman of the board to work with Rod Sherwood and the management team as they drive the Company's business," said Pattiz. More

Marketron Wins Long-Term Group Contract w/Regent Marketron has won a long-term contract to provide broadcast management software to Regent Communications and its 62 radio outlets in 13 markets. The Regent deal includes Marketron business system software as well as Marketron Exchange, an e-commerce solution for radio stations. Regent Senior VP/Operations John King More

Regent Q1 Revs Fall 12.3%, Loss Widens on Charge Regent Communications reported first quarter net broadcast revenues fell 12.3% to $18.3 million from $20.8 million in 2008. Station operating expenses decreased 6.4% to $13.8 million from $14.8 million. The company posted a net loss of $32.5 million (81 cents per share) compared with a net loss of $3 million (8 cents) in the More

Spacial Audio to Power Regent Stations and Hubs Spacial Audio signs with Regent Communications to supply stream hosting and ad insertion service to 59 of its radio outlets. In addition to being the backbone for the Regent station streams, the stream hosting and ad insertion package will be used to create 6 new online channels; each will be powered by SAM Broadcaster, a More

Broadcaster Traffic Consortium Adds 4 Radio Groups Broadcaster Traffic Consortium (BTC), which launched in 2008 as a new joint venture by eight radio companies to build a nationwide network to distribute traffic data via radio technology, adds Journal Broadcast Group, Regent Communications, Saga Communications and Corus Entertainment. "Through the addition of these new More

SEC Filing Reveals Regent Could Default on Credit Deal In a recent filing with the SEC, Regent Communications revealed that its lender, Bank of America, had notified the radio broadcaster that there has been a "specified default" under its credit agreement. Regent received the notice from the bank after its financial statement for 2008 was audited. Bank of America notified More

Regent Strikes Deal with Riley, Wyant Named Chairman Regent Communications has struck a deal with Riley Investment Management and Riley Investment Partners, where Riley agreed to not commence any proxy fight or to seek a change in the composition of Regent's Board through December 31. The company agreed to reduce the size of the board to six and that John H. Wyant, a current More

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