<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM REGENT COMMUNICATION INC.'S FINANCIAL STATEMENTS AS OF AND FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <RESTATED> <CIK> 0000913015 <NAME> REGENT COMMUNICATIONS <CURRENCY> US DOLLARS <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> SEP-30-1998 <EXCHANGE-RATE> 1 <CASH> 393,743 <SECURITIES> 0 <RECEIVABLES> 3,819,723 <ALLOWANCES> (240,000) <INVENTORY> 0 <CURRENT-ASSETS> 12,143,375 <PP&E> 14,885,808 <DEPRECIATION> (5,900,466) <TOTAL-ASSETS> 66,577,504 <CURRENT-LIABILITIES> 12,185,125 <BONDS> 0 <PREFERRED-MANDATORY> 19,925,522 <PREFERRED> 3,857,891 <COMMON> 2,400 <OTHER-SE> (7,094,265) <TOTAL-LIABILITY-AND-EQUITY> 66,577,504 <SALES> 5,860,649 <TOTAL-REVENUES> 5,421,098 <CGS> 0 <TOTAL-COSTS> 5,308,135 <OTHER-EXPENSES> 14,035 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 942,770 <INCOME-PRETAX> (843,842) <INCOME-TAX> 0 <INCOME-CONTINUING> (843,842) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (843,842) <EPS-PRIMARY> (6.53) <EPS-DILUTED> (6.53)