News Brief

Radio Station Exchange

Regent Communications has announced that it has completed its previously announced agreement with Clear Channel Communications to exchange Regent's eight stations serving the Mansfield, Ohio (2FM/1AM) and Victorville, California (3FM/2AM) markets plus $80.5 million in cash for Clear Channel's nine stations serving the Grand Rapids, Michigan (3FM) and Albany, New York (4FM/2AM) markets. In addition, the Company also announced that it has completed its previously announced agreement with Capstar Radio Operating Company, an affiliate of AMFM Inc., to acquire WNWZ-AM serving the Grand Rapids, Michigan market.