One of Regent's shareholders, John Ahn, principal of Riley Investment Management LLC in Los Angeles, has suggested in a letter filed with the Securities and Exchange Commission, that Regent President William Stakelin sell the company.
The story mentions in a positive light, Regent's recent purchase of Buffalo radio properties from CBS.
The question is, what impact will the "suggestion" offered by Riley Investment have on Regent as a company and the Buffalo stations?
It will be interesting to hear/read Stakelin's response, how he spins it and what course of action he takes. It would appear, at least from this perspective, that Regent would prefer not to sell a company it feels has stronger growth potential.
The story mentions in a positive light, Regent's recent purchase of Buffalo radio properties from CBS.
The question is, what impact will the "suggestion" offered by Riley Investment have on Regent as a company and the Buffalo stations?
It will be interesting to hear/read Stakelin's response, how he spins it and what course of action he takes. It would appear, at least from this perspective, that Regent would prefer not to sell a company it feels has stronger growth potential.
;D (Froggy 97 Watertown, respectfully)