Key Developments For Regent Communications, Inc.
Regent Communications, Inc. (RGCI.O) (Consolidated Issue listed on NASDAQ Global Market)
Regent Communications, Inc. and Gen2Media Corporation Partner to Develop Internet TV Channels for 60 Radio Websites
Gen2Media Corporation announced that it has signed a License and Joint Venture Agreement with Regent Communications, Inc. to create, develop and manage an ad-supported online television channel for each of Regent's 60 U.S.-based radio station websites.
Regent Communications, Inc. Announces Changes In Management
Regent Communications, Inc. announced that Riley, Mr. William P. Sutter, Jr. resigned as Director and Chairman of the Board of the Company. Mr. Wyant was appointed the new Chairman of the Board effective immediately.
Regent Communications, Inc. Issues Q4 2008 Guidance; Revenue And EBIT Guidance Above Analysts' Estimates
Regent Communications, Inc. announced that for fourth quarter 2008 it expects consolidated net broadcast revenues and station operating income of $23.8 to $24.2 million and $8.5 to $8.8 million, respectively. The Company expects earnings of $0.03 to $0.04 per share. The Company expects same station net broadcast revenue to be down low single digits for the fourth quarter of 2008 compared to the fourth quarter of 2007. According to Reuters Estimates, analysts are expecting the Company to report revenue of $23.5 million, EBIT of $5.8 million and EPS of $0.03 for fourth quarter 2008.
Regent Communications, Inc. Issues Q3 2008 Revenue Guidance In Line With Analysts' Estimates; Issues Q3 2008 EPS Guidance Below Analysts' Estimates
Regent Communications, Inc. announced that for the third quarter 2008, it is expecting reported consolidated net broadcast revenues and station operating income of approximately $24.6-$25.1million and earnings (EPS) of approximately $0.03 per share. According to Reuters Estimates, analysts on an average are expecting the Company to report revenue of $24.87 and EPS of $0.04 for third quarter of 2008.
Regent Communications, Inc. Issues Q2 2008 Guidance Above Analysts' Estimates
Regent Communications, Inc. announced that for the second quarter of 2008, it expects net broadcast revenues and station operating income of $26.3 to $26.9 million and $9.6 to $10.0 million, respectively and earnings per share (EPS) to be $0.05. The Company expects same station net broadcast revenue to increase two to four percent for the second quarter of 2008 compared to the second quarter of 2007, due to both favorable timing of NTR events and growth in our core business. According to Reuters Estimates, analysts are expecting the Company to report revenue of $21.7 million and net loss of $0.03 per share for first quarter 2008. According to Reuters Estimates, analysts were expecting the Company to report EPS of $0.04 on revenue of $26.2 million for the same period.
