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Last $13.71 USD
Change Today -0.50 / -3.52%
Volume 6.9K
TSQ On Other Exchanges
Symbol
Exchange
New York
As of 10:35 AM 04/28/15 All times are local (Market data is delayed by at least 15 minutes).

townsquare media inc - cl a (TSQ) Snapshot

Open
$14.17
Previous Close
$14.21
Day High
$14.23
Day Low
$13.71
52 Week High
03/5/15 - $14.35
52 Week Low
07/24/14 - $9.93
Market Cap
240.1M
Average Volume 10 Days
37.4K
EPS TTM
$-1.39
Shares Outstanding
9.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
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, Inc. Lands New Senior Secured Loan Facilities Totaling $325 Million

Townsquare Media, Inc. announced that it has negotiated a new, $325 million senior secured credit facility. The new loan package includes a seven-year, $275 million term loan facility as well as a $50 million revolving credit facility. The term loan will initial have a 4.25% interest rate, based on current LIBOR levels while interest on the revolving loan will be based on LIBOR plus 250 basis points. The company has no borrowings under the revolving credit facility at this time.

Townsquare Media, Inc. Completes Sale of $300 Million Aggregate Principal Amount of 6.500% Senior Notes Due 2023

On April 1, 2015, Townsquare Media, Inc. completed the previously announced sale of $300 million aggregate principal amount of its 6.500% senior notes due 2023 at an issue price of 100.0%. The new notes were issued and sold in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended, to qualified institutional buyers in accordance with Rule 144A under the Securities Act and to non-U.S. persons outside of the United States pursuant to Regulation S under the Securities Act. The new notes are senior unsecured obligations of the company and are guaranteed on a senior basis by certain of the company's direct and indirect wholly-owned subsidiaries.

Townsquare Media, Inc. Announces Offering of $300 Million of Its 6.500% Senior Notes Due 2023

Townsquare Media, Inc. announced that it has priced an offering of $300 million in aggregate principal amount of its 6.500% senior notes due 2023 to qualified institutional buyers within the United States pursuant to Rule 144A under the Securities Act of 1933, as amended, and to persons outside the United States pursuant to Regulation S under the Securities Act. The Notes will bear interest semi-annually at a rate equal to 6.500% per annum and were offered at par value. The Notes will be fully and unconditionally guaranteed, jointly and severally, on a senior unsecured basis by certain of the company’s direct and indirect wholly-owned subsidiaries. The closing of the offering is anticipated to take place on or about April 1, 2015, subject to customary closing conditions. As previously announced, the company intends to use the net proceeds from the offering, together with cash on hand and its borrowings under a new senior secured credit facility, which is expected to be entered into concurrently with the completion of the offering of the Notes, to refinance the company’s existing senior secured credit facility and to redeem the remaining $410.9 million aggregate principal amount of the outstanding 9.00% senior notes due 2019 issued by Townsquare Radio, LLC and Townsquare Radio, Inc.

 

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Industry Analysis

TSQ

Industry Average

Valuation TSQ Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.7x
Price/Book 0.7x
Price/Cash Flow 20.9x
TEV/Sales NM Not Meaningful
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