Press Release: Hedge Fund Gets Two Spots on Regent Communications Board

CINCINNATI, Sept. 14 /PRNewswire-FirstCall/ — Regent Communications, Inc. (Nasdaq: RGCINews) today announced the appointment of John Ahn and Joseph Patrick Hannan to the Company’s Board of Directors. Messrs. Ahn and Hannan are filling two newly created seats, which increase the Company’s Board from five to seven members, including six independent members. Mr. Ahn will serve on the Board’s Nominating and Corporate Governance Committee and Mr. Hannan will serve on the Board’s Audit and Compensation Committees.

The Company also announced today that it has entered into an agreement with Riley Investment Management LLC and SMH Capital Inc. in which all pending litigation has been dismissed.

I previously mentioned Regent Communications [[rgci]] and its lawsuit against hedge fund Riley Investment Management.

Congratulations to Riley and to John Ahn. They can now get down to the business of squeezing value out of Regent.

Disclosure: I hold RGCI stock. My disclosure policy makes for good reading.

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