Riley heavying up on Regent

Having succeeded in placing two of its picks on the board of Regent Communications, Riley Investment Management has bought up more of the company's stock. According to an SEC filing, Riley bought an additional 153,091 Regent shares on October 16th for 2.42 each. Riley, which had been pressuring Regent CEO Bill Stakelin to sell off assets, now owns 1,844,784 Regent shares.

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