MARKET COMPOSITE
TSQ - Townsquare Media Inc8:00:01 PM 4/25/2024
Price
$12.13
-0.15 (-1.22%)
Townsquare Media, Inc. is an American radio network and media company based in Purchase, New York. The company started in radio and expanded into digital media toward the end of the 2000s, starting with the acquisition of the MOG Music Network. As of 2019, Townsquare was the third-largest AM–FM operator in the country, owning over 321 radio stations in 67 markets. Townsquare Media was established as Regent Communications by Terry Jacobs in 1994. Jacobs was formerly the CEO of Jacor Communications, a radio broadcasting company which he created in 1979. Bill Stakelin later shared chief status in the company with Jacobs, and the two established JS Communications, later selling Regent to Jacor in 1997. Stakelin and Jacobs resurrected the Regent name to replace JS, with approval by Jacor. Jacobs left the company in 2005.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue114.8MM-0%
Operating Income-7.9MM-26%
Operating Expenses122.7MM-
Net Income-2.3MM-94%
G&A6.1MM-7%
Amortization1.9MM+6%
Interest Expense9MM-3%
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