July 23, 2017 8:16 AM ET

Media

Company Overview of Townsquare Media, Inc.

Company Overview

Townsquare Media, Inc. operates as a media, entertainment, and digital marketing solutions company in small and mid-sized markets. It operates through two segments, Local Marketing Solutions and Entertainment. The Local Marketing Solutions segment provides broadcast and digital solutions through its radio stations, Websites, radio stations’ online streams, and mobile applications. It also offers digital marketing solutions, such as traditional and mobile-enabled Website development and hosting services, search engine and online directory optimization services, online reputation management, and social media management services under the Townsquare Interactive brand; and e-commerce products to...

240 Greenwich Avenue

Greenwich, CT 06830

United States

Founded in 1996

2,950 Employees

Phone:

203-861-0900

Key Executives for Townsquare Media, Inc.

Chairman and Chief Executive Officer
Age: 56
Total Annual Compensation: $1.2M
Chief Financial Officer and Executive Vice President
Age: 56
Total Annual Compensation: $1.1M
Chief Content & Digital Officer and Executive Vice President
Age: 49
Total Annual Compensation: $1.3M
Compensation as of Fiscal Year 2016.

Townsquare Media, Inc. Key Developments

Townsquare Media, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended of March 31, 2017

Townsquare Media, Inc. reported unaudited consolidated earnings results for the first quarter ended of March 31, 2017. For the quarter, the company reported net revenue for the quarter ended March 31, 2017 decreased $6.0 million, or 6.4%, to $88.4 million, as compared to $94.4 million in the same period last year. Net loss increased $1.6 million, or 117.5%, to $3.0 million, as compared to $1.4 million in the same period last year. Adjusted EBITDA decreased $1.9 million, or 16.0%, to $10.1 million, as compared to $12.0 million in the same period last year, largely due to the timing of a live event and the sale of certain live events. Operating income was $3,282,000 compared to $5,792,000 a year ago. Loss before income taxes was $5,005,000 compared to $2,290,000 a year ago. Basic and diluted net loss per share was $0.16 compared to $0.08 a year ago. Net cash provided by operating activities was $3,957,000 compared to $3,941,000 a year ago.  Purchase of property and equipment was $5,653,000 compared to $6,496,000 a year ago. Acquisition of Intangibles was $150,000. Adjusted loss before taxes was $4,808,000 compared to $2,521,000 a year ago. Adjusted net loss was $2,890,000 compared to $1,522,000 a year ago. Adjusted basic and diluted loss per share was $0.16 compared to $0.09 a year ago.

Townsquare Media Mulls Acquisitions

Townsquare Media, Inc. (NYSE:TSQ) is seeking acquisitions. Steven Price, Chairman and Chief Executive Officer of Townsquare Media, said, “We will continue to balance investments and growth by evaluating capital allocation alternatives and prioritizing accretive organic and acquisition investment opportunities.”

Townsquare Media, Inc. to Report Q1, 2017 Results on May 09, 2017

Townsquare Media, Inc. announced that they will report Q1, 2017 results Pre-Market on May 09, 2017

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