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Regent Checks In, Up 14.5%

Regent Checks In, Up 14.5%

So how did *your* employer do last year?
Financials continue to come out as publicly held broadcasters report how they did in 2003.
Regent Communications Inc. said its net broadcast revenues increased 14.5% to $80.6 million last year.
For the fourth quarter, net broadcast revenues fell 1.8% to $21 million, and were off 0.7% on a same-station basis.
“We made great strides in 2003, enhancing the growth potential of our station group through both operational improvements and strategic acquisition,” stated Chairman and CEO Terry Jacobs.
“With the economy on the upswing, we look forward to capitalizing on the improving advertising environment and delivering impressive results for the coming year.”
Regent expects mid-single digit same-station net broadcast revenue growth in the first quarter of 2004.
The company has 75 stations in 15 markets.