EXHIBIT 21 The following is a list of the direct and indirect subsidiaries of the Company as of December 31, 2002. All of the subsidiaries are wholly owned, and are included in the Consolidated Financial Statements, which are a part of this report. Subsidiary State of Organization ------------------------------------------------------------------------------------- Regent Broadcasting, Inc. Delaware Regent Broadcasting Midwest, Inc. Delaware Regent Broadcasting of Mansfield, Inc. Delaware Regent Licensee of Mansfield, Inc. Delaware Regent Broadcasting of Albany, Inc. Delaware Regent Broadcasting of Flint, Inc. Delaware Regent Broadcasting of Duluth, Inc. Delaware Regent Broadcasting of Evansville/Owensboro, Inc. Delaware Regent Broadcasting of El Paso, Inc. Delaware Regent Licensee of El Paso, Inc. Delaware Regent Broadcasting of Erie, Inc. Delaware Regent Licensee of Erie, Inc. Delaware Regent Broadcasting of Lafayette, Inc. Delaware Regent Broadcasting of Lancaster, Inc. Delaware Regent Broadcasting of Lexington, Inc. Delaware Regent Licensee of Lexington, Inc. Delaware Regent Broadcasting of Peoria, Inc. Delaware Regent Broadcasting of San Diego, Inc. Delaware Regent Licensee of San Diego, Inc. Delaware Regent Broadcasting of St. Cloud, Inc. Delaware Regent Licensee of St. Cloud, Inc. Delaware Regent Broadcasting of St. Cloud II, Inc. Minnesota RepCom, Inc. Minnesota Sartell FM, Inc. Minnesota Regent Broadcasting of South Carolina, Inc. Delaware Regent Licensee of South Carolina, Inc. Delaware Regent Broadcasting of Utica/Rome, Inc. Delaware Regent Licensee of Utica/Rome, Inc. Delaware Regent Broadcasting of Watertown, Inc. Delaware Regent Licensee of Watertown, Inc. Delaware Regent Broadcasting West Coast, Inc. California Regent Broadcasting of Chico, Inc. Delaware Regent Licensee of Chico, Inc. Delaware Regent Broadcasting of Flagstaff, Inc. Delaware Regent Licensee of Flagstaff, Inc. Delaware Regent Broadcasting of Ft. Collins, Inc. Delaware Regent Broadcasting of Grand Rapids, Inc. Delaware Haith Broadcasting Corporation Michigan Subsidiary State of Organization ------------------------------------------------------------------------------------- Regent Broadcasting of Kingman, Inc. Delaware Regent Licensee of Kingman, Inc. Delaware Regent Broadcasting of Lake Tahoe, Inc. Delaware Regent Licensee of Lake Tahoe, Inc. Delaware Regent Broadcasting of Palmdale, Inc. Delaware Regent Licensee of Palmdale, Inc. Delaware Regent Broadcasting of Redding, Inc. Delaware Regent Licensee of Redding, Inc. Delaware