EXHIBIT 99.1

Regent Communications Inc. (ticker: RGCI, exchange: NASDAQ) News Release -
21-Nov-2001

Regent Communications, Inc. Announces $5.2 Million Private Placement

COVINGTON, Ky., Nov 21, 2001 (BUSINESS WIRE) -- Regent Communications, Inc.
(Nasdaq:RGCI) announced today that it has entered into definitive purchase
agreements to sell approximately 900,000 shares of newly issued common stock to
both new and existing shareholders at a price of $5.75 per share.

The private placement is expected to raise net proceeds of approximately $5
million. Net proceeds from the financing are expected to be used to repay
outstanding borrowings under Regent's credit facility and for general corporate
purposes. This will enable Regent to incur future debt to pay for Regent's
pending and future acquisitions of radio broadcasting companies and assets.

The completion of the private placement is subject to customary closing
conditions. Robertson Stephens, Inc. served as the lead placement agent for this
transaction.

The securities sold in this private placement have not been registered under the
Securities Act of 1933 and may not be offered or sold in the United States in
the absence of an effective registration statement or exemption from
registration requirements. Regent expects to file a registration statement on
Form S-3 shortly after the closing of the transaction for purposes of
registering the resale of the shares of common stock issued in the private
placement.

Regent is a radio broadcasting company focused on acquiring, developing and
operating radio stations in middle and small-sized markets. Pending the close of
all announced transactions, Regent will own and operate 60 radio stations
serving 12 markets. Regent's shares of common stock are traded on the Nasdaq
National Market under the symbol "RGCI."

This press release includes certain forward-looking statements with respect to
Regent Communications, Inc. for which we claim the protections of the safe
harbor for forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995. These forward-looking statements involve certain
risks and uncertainties and include statements preceded by, followed by or that
include words such as "anticipate," "believe," "plan," "estimate," "expect,"
"intend," "project" and other similar expressions. Although we believe our
expectations reflected in these forward-looking statements are based on
reasonable assumptions, such statements are influenced by our financial
position, business strategy, budgets, projected costs, and plans and objectives
of management for future operations. Actual results and developments may differ
materially from those conveyed in the forward-looking statements based on
various factors including, but not limited to: the ongoing impact of the
September 11, 2001 tragedy and the war on terrorism; changes in economic,
business and market conditions affecting the radio broadcast industry, the
markets in which we operate, and nationally; increased competition for
attractive radio properties and advertising dollars; fluctuations in the cost of
operating radio properties; our ability to manage our growth; our ability to
integrate these and other acquisitions; and changes in the regulatory climate
affecting radio broadcast companies. Further information on other factors that
could affect the financial results of Regent Communications, Inc. is included in
Regent's filings with the Securities and Exchange Commission. These documents
are available free of charge at the Commission's website at http://www.sec.gov
and/or from Regent Communications, Inc.

CONTACT:                Regent Communications, Inc.
                        Terry Jacobs, 859/292-0030
                        Tony Vasconcellos, 859/292-0030
                        or
                        Brainerd Communicators, Inc.
                        Todd St. Onge/John Buckley, 212/986-6667
                        stonge@braincomm.com