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Last $10.94 USD
Change Today 0.00 / 0.00%
Volume 63.8K
As of 8:04 PM 10/9/15 All times are local (Market data is delayed by at least 15 minutes).

townsquare media inc - cl a (TSQ) Snapshot

Previous Close
Day High
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52 Week High
03/5/15 - $14.35
52 Week Low
08/24/15 - $8.60
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Current Stock Chart for TOWNSQUARE MEDIA INC - CL A (TSQ)

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townsquare media inc - cl a (TSQ) Details

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 Other Media and Entertainment business provides digital marketing services and e-commerce solutions; and owns and operates national digital assets. As of March 16, 2015, the company owned and operated 311 radio stations; approximately 325 search engine and mobile-optimized local Websites; and approximately 500 live events in 66 small and mid-sized markets. The company was formerly known as Regent Communications, Inc. and changed its name to Townsquare Media, Inc. in May 2010. Townsquare Media, Inc. was founded in 1996 and is headquartered in Greenwich, Connecticut.

2,726 Employees
Last Reported Date: 03/16/15
Founded in 1996

townsquare media inc - cl a (TSQ) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $1.1M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $1.0M
Chief Content & Digital Officer and Executive...
Total Annual Compensation: $1.1M
Compensation as of Fiscal Year 2014.

townsquare media inc - cl a (TSQ) Key Developments

Townsquare Media Reduces Senior Secured Credit Facility to $298.5 Million

Townsquare Media (TSQ) announced that it made a voluntary repayment of $20 million of outstanding loans under its Senior Secured Credit Facility. With the repayment, Townsquare had approximately $298.5 million of term loans outstanding under its credit facility as of the end of third quarter.

Townsquare Media, Inc. Enters into Amendment to the Credit Agreement

On September 1, 2015, Townsquare Media, Inc. entered into Incremental Amendment Agreement No. 1, to that certain credit agreement dated as of April 1, 2015 with Royal Bank of Canada, as administrative agent and collateral agent and the lenders and financial institutions party thereto. The Amendment, among other things, amended the Senior Secured Credit Facility to increase the existing term loan facility by $45 million. The 2015 Incremental Term Loans are on the same terms as the term loans under the Existing Term Loan Facility and are subject to the conditions set in the Senior Secured Credit Facility. The net proceeds of the 2015 Incremental Term Loans were used by a subsidiary of the Company to finance the acquisition of Heartland Group, LLC and its subsidiaries, including North American Midway Entertainment, LLC.

Townsquare Media Announces New Appointments

Townsquare Media reported the appointment of Rob Williams as Senior Vice President, Operations. Williams will join the Company from Greater Media, where he most recently served as Vice President and Market Manager overseeing its Boston operations. Previously, Williams served as President/Market Manager for Clear Channel Communication's New York operations. The Company also announced that Todd Lawley has been promoted to Senior Vice President, Operations. Lawley has served as a Townsquare Regional Vice President since July 2014. Messrs. Williams and Lawley, along with the Company's Regional Vice Presidents, will oversee the Company's local media operations and report to Townsquare Executive Vice President Erik Hellum. Williams will be based in Greenwich while Lawley will continue to be based in Dallas. The Company also announced that Darrin Klayman has joined Townsquare as Vice President, National Client Partnerships, reporting to Erik Hellum. Darrin joins Townsquare from Westwood One, where he most recently served as Senior Vice President, Network Sales. In addition, Matt Kiger, Vice President of Sales and Training, Todd Moskowitz, Vice President of Sales and Kelly Quinn, Vice President of Sales have been promoted to more senior roles in sales leadership and will work in close coordination with Erik Hellum, Rob Williams and Todd Lawley and the Company's Regional Vice Presidents.


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