Exhibit 11.1
REGENT COMMUNICATIONS, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)
							December 31,
							2001	2000
ASSETS
Current Assets:
	Cash and cash equivalents						$1,765	$778
	Accounts receivable, net of allowance of $719 and
	$403 at December 31, 2001 and 2000, respectively						9,772	10,639
	Other current assets						642	595
		Total current assets					12,179	12,012
Property and equipment, net							25,817	20,716
Intangible assets, net							266,420	217,897
Other assets, net							1,940	2,108
		Total assets					$306,356	$252,733
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
	Accounts payable						$2,044	$1,672
	Accrued compensation						1,000	932
	Other current liabilities						3,010	2,298
		Total current liabilities					6,054	4,902
Long-term debt, less current portion							87,019	45,010
Other long-term liabilities							75	84
Deferred taxes							4,870	4,317
		Total liabilities					98,018	54,313
Stockholders' equity:
	Common stock						369	352
	Treasury shares						(6,757)	(7,063)
	Additional paid-in capital						270,694	259,386
	Retained deficit						(55,968)	(54,255)
		Total stockholders' equity					208,338	198,420
		Total liabilities and stockholders' equity					$306,356	$252,733