Townsquare Media, Inc. announces an Equity Buyback for 1,500,000 shares, for $14.64 million.
April 01, 2024 at 07:06 am EDT
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Townsquare Media, Inc. (NYSE:TSQ) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 million Class A common shares, for $14.64 million. The shares will be repurchased at a price of $9.76 per share.
The shares will be repurchased from MSG National Properties, LLC. The repurchases will be funded from cash on hand. The repurchased securities will be retired.
Townsquare Media, Inc. is a digital media and digital marketing solutions company. The Company's integrated and diversified products and solutions enable local, regional and national advertisers to target audiences across multiple platforms, including digital, mobile, social, video, streaming, e-commerce, radio and events. Its segments include Subscription Digital Marketing Solutions, Digital Advertising and Broadcast Advertising. The Subscription Digital Marketing Solutions includes its subscription digital marketing solutions business, Townsquare Interactive. The Digital Advertising segment, which it markets as Townsquare Ignite, includes digital advertising on its owned and operated digital properties and its digital programmatic advertising platform. The Broadcast Advertising includes its local, regional and national advertising products and solutions delivered via terrestrial radio broadcast. Its portfolio includes local media brands such as WYRK.com, WJON.com and NJ101.5.com.
TOWNSQUARE MEDIA, INC. 
