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                                                                    EXHIBIT 21.1


                      LIST OF SUBSIDIARIES OF THE COMPANY

1.       Commodore Holdings, Inc., a Delaware corporation, is a wholly-owned
         subsidiary of the Company.

2.       The following entities are wholly-owned subsidiaries of Commodore
         Holdings, Inc.:

         a.      Commodore Media of Delaware, Inc., a Delaware corporation.
         b.      Commodore Media of Pennsylvania, Inc., a Delaware corporation.
         c.      Commodore Media of Florida, Inc., a Delaware corporation.
         d.      Commodore Media of Kentucky, Inc., a Delaware corporation.
         e.      Commodore Media of Norwalk, Inc., a Delaware corporation.
         f.      Commodore Media of Westchester, Inc., a Delaware corporation.

3.       Danbury Broadcasting, Inc., a Connecticut corporation, is a
         wholly-owned subsidiary of Commodore Media of Norwalk, Inc.

4.       Osborn Communications Corporation, a Delaware corporation, is a
         wholly-owned subsidiary of the Company.

5.       The following entities are wholly-owned subsidiaries of Osborn
         Communications Corporation:

         a.      Atlantic City Broadcasting Corp., a Delaware corporation.
         b.      Breadbasket Broadcasting Corporation, a Delaware corporation.
         c.      Houndstooth Broadcasting Corporation, a Delaware corporation.
         d.      O.C.C., Inc., a Delaware corporation.
   e.      Osborn Entertainment Enterprises Corporation, a Delaware corporation.
         f.      SNG Holdings, Inc., a Delaware corporation.
         g.      Southeast Radio Holding Corp., a Delaware corporation.
         h.      Ameron Broadcasting Corporation, a Delaware corporation.
         i.      WNOK Acquisition Company, Inc., a Delaware corporation.

6.       The following entities are wholly-owned subsidiaries of O.C.C., Inc.:

         a.      Ladner Communications Holding Corp., a Delaware corporation.
         b.      Mountain Radio Corporation, a Delaware corporation.
         c.      Orange Communications, Inc., a Delaware corporation.
         d.      RKZ Television, Inc., a Delaware corporation.
         e.      Yellow Brick Radio Corporation, a Delaware corporation.
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7.       The following entities are wholly-owned subsidiaries of Osborn
         Entertainment Enterprises Corporation:

         a.      Jamboree in the Hills, Inc., a Delaware corporation.
         b.      Music Hall Club, Inc., a West Virginia corporation.

8.       The following entities are wholly-owned subsidiaries of SNG Holdings,
         Inc.:

         a.      Great American East, Inc., a North Carolina corporation.
         b.      Nelson Broadcasting Corporation, a Delaware corporation.
         c.      Short Broadcasting Corporation, a Delaware corporation.

9.       The following entities are wholly-owned subsidiaries of Southeast
         Radio Holding Corp.:

         a.      Asheville Broadcasting Corp., a Delaware corporation.
         b.      Corkscrew Broadcasting Corporation, a Delaware corporation.
         c.      Daytona Beach Broadcasting Corp., a Delaware corporation.
         d.      Rainbow Broadcasting Corporation, a Delaware corporation.

10.      The following entities are wholly-owned subsidiaries of Ladner
         Communications Holding Corp.:

         a.      Beatrice Broadcasting Corporation, a Delaware corporation.
         b.      Currey Broadcasting Corporation, a Delaware corporation.
         c.      Osborn Sound & Communications Corp., a Delaware corporation.
         d.      Waite Broadcasting Corp., a Delaware corporation.