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July 04, 2015 12:15 PM ET

Media

Company Overview of Townsquare Media, Inc.

Company Overview

Townsquare Media, Inc. operates as a media, entertainment, and digital marketing services company in the United States. It owns and operates radio stations, digital and social properties, and live events, as well as offers audience original entertainment, music, and lifestyle media. The company’s Local Advertising segment offers broadcast, digital, and mobile advertising services through its radio stations, streams, Websites, and mobile applications. Its Live Events segment creates, promotes, and produces live events, including music concerts, multi-day music festivals, consumer expositions and trade shows, athletic events, lifestyle events, and other forms of entertainment. The company’s Ot...

240 Greenwich Avenue

Greenwich, CT 06830

United States

Founded in 1996

2,726 Employees

Phone:

203-861-0900

Key Executives for Townsquare Media, Inc.

Chairman, Chief Executive Officer and Chairman of Nominating & Corporate Governance Committee
Age: 54
Total Annual Compensation: $1.1M
Chief Financial Officer and Executive Vice President
Age: 54
Total Annual Compensation: $1.0M
Chief Content & Digital Officer and Executive Vice President
Age: 47
Total Annual Compensation: $1.1M
Compensation as of Fiscal Year 2014.

Townsquare Media, Inc. Key Developments

Townsquare Media, Inc. Presents at Jefferies 2015 Global Technology, Media and Telecom Conference, May-12-2015 09:30 AM

Townsquare Media, Inc. Presents at Jefferies 2015 Global Technology, Media and Telecom Conference, May-12-2015 09:30 AM. Venue: Mandarin Oriental Brickell, Miami, Florida, United States.

Townsquare Media, Inc. Provides Earnings Guidance for the Second Quarter of 2015; Reaffirms Earnings Guidance for the Full Year of 2015

Townsquare Media, Inc. provided earnings guidance for the second quarter and reaffirmed earnings guidance for the full year of 2015. For the second quarter 2015, the company expects pro forma net revenue to grow in the high single digit as a percentage over the second quarter of last year. The company expects pro forma adjusted EBITDA to increase year-over-year by a low single-digit percentage. For the full year of 2015, the company reaffirms formal guidance of pro forma net revenue year-over-year growth in the mid- to high single digits and pro forma adjusted EBITDA to grow year-over-year in the low single digits, excluding the impact of political.

Townsquare Media, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Townsquare Media, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. Net revenue increased $2.0 million, or 2.5%, to $81.1 million, compared to $79.2 million in the same period last year. Excluding political revenue and the results from the non-recurring festivals, net revenue increased $4.9 million, or 6.5%, local advertising net revenue increased $0.1 million, or 0.1%, and live events net revenue increased $3.1 million, or 59.7%. Operating income for the quarter totaled $10.8 million against $11.7 million last year. Income before income taxes was $0.2 million against loss before income taxes of $0.4 million last year. Net income attributable to controlling interests was $0.1 million or $0.01 per basic share against net loss attributable to controlling interests of $0.5 million last year. Net cash provided by operating activities    was $20 million against $14.2 million last year. Acquisition of intangibles was $0.03 million against $0.2 million last year. Purchase of property and equipment was $3.1 million against $3 million last year. Adjusted EBITDA decreased $1.6 million, or 9.9%, to $14.5 million, compared to $16.1 million in the same period last year. The decrease was due in part to ongoing expenses related to fest, a multi-day country music festival that the company acquired in the fourth quarter of 2014. Pro forma adjusted EBITDA decreased $0.9 million, or 5.6%, to $14.5 million, compared to $15.4 million in the same period last year.

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