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Regent Picks Up Brill Stations For $62M

Regent Picks Up Brill Stations For $62M

Regent Communications is set to acquire a dozen radio stations from Brill Media Co. for $62 million in cash and stock. Pending approval from the bankruptcy court and the FCC, the deal is expected to close late this year or in the first quarter of 2003. The new stations are in Lancaster-Reading, Pa., Evansville, Ind., Owensboro, Ky., Fort Collins-Greeley, Colo., and Duluth, Minn. Regent’s focus is on small and mid-sized stations. Including the new transactions, Regent will own and operate 73 stations in 17 markets.