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Possible station swap for Regent

Thursday, February 20, 2003

Regent Communications plans to close on its acquisition of 12 Brill Media stations next week. The $62 million price tag is an all cash deal for Regent who's CEO, Terry Jacobs, told investors yesterday that "there may be one or more complementary transactions announced in the near-term that will further enhance the value of the overall Brill transaction."

One possibility is some sort of station swap which would result in a "significant improvement without a large outlay of cash," according to Jacobs.

Regent owns nine stations in the Utica-Rome and Watertown markets.

Story source: Radio & Records

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