Will Regent sell again?


Having recently sold off its smallest market, Watertown, NY, and a couple of AMs, Regent CEO Bill Stakelin was asked during his quarterly conference call whether he has a for sale sign hanging on any other assets. "We’ve never limited our options, and that includes whether or not we’re talking about a merger, a sale, or acquisitions, as you’re very aware. We don’t have any plans right now, but we certainly consider any and everything that comes onto our radar screen that would be for the benefit of the shareholders. We’ll continue to do that," Stakelin replied. The CEO said the Watertown sale was a continuation of divesting the company’s smallest markets, following earlier sales of Redding and Chico, CA. He said Regent had planned to sell of the Buffalo AM from the time it acquired the cluster from CBS and the recent AM sale in Albany was the result of someone bringing Regent a good offer.