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It
It's Fun to Work at Townsquare Media Cedar Rapids
Published: 2017/04/18
Channel: 104.5 KDAT
What It
What It's Like Interning at Townsquare Media
Published: 2016/08/17
Channel: 107.7 WGNA- Albany's #1 for New Country
Townsquare Media Sales Meeting
Townsquare Media Sales Meeting
Published: 2015/11/13
Channel: Fred Reggie
Townsquare Media Rochester Video
Townsquare Media Rochester Video
Published: 2015/09/14
Channel: 1340KROC
Townsquare Media
Townsquare Media's 2015 Events Preview
Published: 2014/12/11
Channel: Gellman Images
Townsquare Media, Inc. Celebrates IPO on the New York Stock Exchange
Townsquare Media, Inc. Celebrates IPO on the New York Stock Exchange
Published: 2014/07/24
Channel: NYSE
Townsquare Media Golf Tournament 2014: Best Trick Shots
Townsquare Media Golf Tournament 2014: Best Trick Shots
Published: 2014/07/30
Channel: TRI 102.5 Radio
Will Dakota Performs in Studio at Townsquare Media
Will Dakota Performs in Studio at Townsquare Media
Published: 2017/07/26
Channel: Cool 98.7
Townsquare Media Twin Falls Staff Says Goodbye to our Very Own Jaci
Townsquare Media Twin Falls Staff Says Goodbye to our Very Own Jaci
Published: 2017/05/30
Channel: 95.7 KEZJ - Southern Idaho's Best Country
Rep. Tom MacArthur Enters Townsquare Media Bldg. During Protest
Rep. Tom MacArthur Enters Townsquare Media Bldg. During Protest
Published: 2017/02/24
Channel: Micromedia Publications/Jersey Shore Online
Townsquare Media Talent Showcase
Townsquare Media Talent Showcase
Published: 2013/09/15
Channel: Townsquare Bangor
Christmas Memories From Townsquare Media
Christmas Memories From Townsquare Media
Published: 2015/12/21
Channel: Hot 1079
Two Minute Tour of Townsquare Media Home, Vacation and RV Show
Two Minute Tour of Townsquare Media Home, Vacation and RV Show
Published: 2017/03/12
Channel: 1340KROC
Todd Oliver and Irving the Talking Dog Visit Townsquare Media
Todd Oliver and Irving the Talking Dog Visit Townsquare Media
Published: 2016/11/30
Channel: KIX 105.7
Piper the Seeing Eye Dog
Piper the Seeing Eye Dog's Last Day at Townsquare Media, Buffalo
Published: 2017/05/12
Channel: Mix 96 Buffalo
TownSquare Media: Yakima eats at Joy Garden
TownSquare Media: Yakima eats at Joy Garden
Published: 2010/10/05
Channel: John Riggs
A Special Message from Townsquare Media Buffalo
A Special Message from Townsquare Media Buffalo
Published: 2017/08/30
Channel: Country 106.5 WYRK
Townsquare Media: Outdoors Tip of the Week with Jerry Carlson
Townsquare Media: Outdoors Tip of the Week with Jerry Carlson
Published: 2012/01/31
Channel: AM 1240 WJON
Townsquare Media Auction - Acoustic Guitar
Townsquare Media Auction - Acoustic Guitar
Published: 2014/04/11
Channel: Classic Rock 105.1
Work for Townsquare Media
Work for Townsquare Media
Published: 2013/03/11
Channel: WBSM 1420 AM
The Townsquare Media 14th Annual Ladies Night Out Event
The Townsquare Media 14th Annual Ladies Night Out Event
Published: 2017/10/23
Channel: 107.3 PopCrush
Harlem Shake - Townsquare Media Evansville
Harlem Shake - Townsquare Media Evansville
Published: 2013/02/15
Channel: 1061evansville
Carson Wentz Visits Townsquare Media in Bismarck
Carson Wentz Visits Townsquare Media in Bismarck
Published: 2016/07/15
Channel: 965 The Fox
Townsquare Media King Cake Eating Contest
Townsquare Media King Cake Eating Contest
Published: 2016/01/26
Channel: K945
TownSquare Media Utica
TownSquare Media Utica's Mannequin Challenge
Published: 2016/11/16
Channel: Big Frog 104
Townsquare Media Shreveport Wishes JB FOXX a Speedy Recovery
Townsquare Media Shreveport Wishes JB FOXX a Speedy Recovery
Published: 2016/06/28
Channel: 710 KEEL News
Townsquare Media Presents: Gardening Tips with Chanda Gebhartdt.
Townsquare Media Presents: Gardening Tips with Chanda Gebhartdt.
Published: 2012/04/04
Channel: AM 1240 WJON
2013 EatLafayette DJ Dine Around by Townsquare Media Cafe Habana City
2013 EatLafayette DJ Dine Around by Townsquare Media Cafe Habana City
Published: 2013/07/26
Channel: eatlafayette
Amanda Baker of Townsquare Media Accepts Cold-Water Challenge For Charity
Amanda Baker of Townsquare Media Accepts Cold-Water Challenge For Charity
Published: 2014/07/09
Channel: 101.9 King FM - Cheyenne's Real Rock Variety
Townsquare Media Group Cruise May 2011.wmv
Townsquare Media Group Cruise May 2011.wmv
Published: 2011/05/08
Channel: Jeff Easterling
Arson attack on Townsquare Media studios 2
Arson attack on Townsquare Media studios 2
Published: 2014/04/30
Channel: Newstalk 870 (KFLD AM)
Poor Boy
Poor Boy's Riverside Inn - Townsquare Media DJ Dine Around for EatLafayette 2014
Published: 2014/08/18
Channel: eatlafayette
Townsquare Media Presents: Outdoors Tip of the Week
Townsquare Media Presents: Outdoors Tip of the Week
Published: 2012/02/01
Channel: AM 1240 WJON
"Microwave confessions" at Townsquare Media Yakima
"Microwave confessions" at Townsquare Media Yakima
Published: 2017/03/22
Channel: 92.9 The Bull
Zombie Pranks at Townsquare Media in Toms River
Zombie Pranks at Townsquare Media in Toms River
Published: 2017/10/17
Channel: 94.3 The Point
Townsquare Media Interview with Connor McGovern
Townsquare Media Interview with Connor McGovern
Published: 2016/04/27
Channel: Cool 98.7
Townsquare Media-Bismarck
Townsquare Media-Bismarck's Epic Warhead Staring Contest
Published: 2014/07/17
Channel: HOT 975
Arson attack on Townsquare Media studios in Yakima
Arson attack on Townsquare Media studios in Yakima
Published: 2014/04/30
Channel: Newstalk 870 (KFLD AM)
Watch Townsquare Media Get Pi
Watch Townsquare Media Get Pi'ed in the Face
Published: 2016/03/14
Channel: KRock 1017 - Central Texas' Best Classic Rock
Grand Rapids University Prep Students PSAs - Townsquare Media Visit,  May 2016
Grand Rapids University Prep Students PSAs - Townsquare Media Visit, May 2016
Published: 2016/05/17
Channel: Mix957GR
Townsquare Media
Townsquare Media's Digital & Events Manager Marrissa Tavantana-Diaz At Work Work Out
Published: 2012/05/18
Channel: Elaine Etheridge
2013 EatLafayette DJ Dine Around by Townsquare Media Zeus Cafe
2013 EatLafayette DJ Dine Around by Townsquare Media Zeus Cafe
Published: 2013/07/26
Channel: eatlafayette
Egypt Dixon and Cash Perform Farewell for Now at the Townsquare Media Studios In Midland
Egypt Dixon and Cash Perform Farewell for Now at the Townsquare Media Studios In Midland
Published: 2015/11/17
Channel: B93
Townsquare Media Cedar Rapids Celebrates National Radio Day
Townsquare Media Cedar Rapids Celebrates National Radio Day
Published: 2014/08/20
Channel: 104.5 KDAT
Eisenhower High School Musical Stop By Townsquare Media
Eisenhower High School Musical Stop By Townsquare Media
Published: 2016/02/11
Channel: Mega 99.3
Dave and Leslie
Dave and Leslie 'Five Question Ambush' with Townsquare Media CEO, Steven Price
Published: 2015/10/08
Channel: 99.5 WKDQ
Mannequin Challenge - Townsquare Media Yakima
Mannequin Challenge - Townsquare Media Yakima
Published: 2016/11/12
Channel: 107.3 KFFM
Red Sox Road Trip with Townsquare Media! August 26th
Red Sox Road Trip with Townsquare Media! August 26th
Published: 2017/08/01
Channel: Q96.1
Townsquare Media - Bismarck Sports Report for Oct. 19, 2016
Townsquare Media - Bismarck Sports Report for Oct. 19, 2016
Published: 2016/10/18
Channel: Cool 98.7
Townsquare Media-Rochester Crimestoppers (Sept. 2015)
Townsquare Media-Rochester Crimestoppers (Sept. 2015)
Published: 2015/09/16
Channel: 1340KROC
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WIKIPEDIA ARTICLE

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Townsquare Media, Inc.
Public company
Traded as NYSETSQ
Industry Mass media
Founded 1994
Headquarters Greenwich, Connecticut, United States
Key people

Steven Price
(Executive Chairman)

Bill Wilson
(Co-Chief Executive Officer)

Dhruv Prasad
(Co-Chief Executive Officer)
Services Digital media, radio
Owner Oaktree Capital Management (47%)
The Madison Square Garden Company (12%)
Website townsquaremedia.com

Townsquare Media (formerly Regent Communications until 2010) is an American radio network and media company based in Greenwich, Connecticut. 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 2016, Townsquare was the third-largest AM–FM operator in the country, owning over 310 radio stations in 66 markets.[1]

History[edit]

As Regent Communications[edit]

Regent Communications logo before rebranding

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.[2] 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.[3] Jacobs left the company in 2005.[4]

On October 27, 2008, Regent Broadcasting joined Radiolicious and began streaming on the iPhone and iPod Touch. Regent is the first major radio group to contract for all of its streaming stations to be available through the Radiolicious application.[5]

As Townsquare Media[edit]

Regent filed for Chapter 11 bankruptcy protection on March 1, 2010, with $211.3 million in debt, $166.5 million in assets, and a pre-arranged plan for exiting bankruptcy, with the United States Bankruptcy Court for the District of Delaware. The filing plan made Oaktree Capital Management the majority owner of Regent after the bankruptcy and gave the old shareholders 12.8 cents per share.[6] After the privatization, the company was renamed Townsquare Media.[7] Gap Broadcasting Group, another radio group owned by Oaktree, was merged into Townsquare, giving it ownership of 171 radio stations in 36 markets.[5][8]

In December 2010, the company began to expand its digital media operations, overhauling its stations' websites and launching a new country music news website known as Taste of Country.[9]

Townsquare acquired a number of stations from Double O Radio in August 2011.[10]

On April 30, 2012, Townsquare Media announced a deal to acquire 55 stations in 11 markets from Cumulus Media, in exchange for Townsquare's stations in the markets of Bloomington and Peoria, IL and $126 million.[11][12]

On August 24, 2012, Townsquare reached a deal to acquire the MOG Music Network, an advertising network for music blogs. The network was part of MOG, a streaming music service that had previously reached a deal to be acquired by Beats Electronics.[13]

In June 2013, Townsquare announced it would acquire a number of music-related blogs from AOL, including The Boombox, The Boot, and Noisecreep, along with ComicsAlliance. The deal came following the abrupt shutdown of AOL's Music division in April 2013.[14]

On August 29, 2013, it was announced that Cumulus would purchase Dial Global, after the programming syndication service was showing signs of financial distress in late 2012. Cumulus paid $260 million for this service, a portion of which was used to pay off Dial's debt before it was folded into Cumulus. To make the sale work, Cumulus once again made a pair of station deals with Townsquare Media; the first deal sent 53 stations in Danbury, CT, Rockford, IL, Cedar Rapids, IA, Quad Cities, IA–IL, Waterloo, IA, Portland, ME, Battle Creek, MI, Kalamazoo, MI, Lansing, MI, Faribault, MN, Rochester, MN, and Portsmouth, NH, to Townsquare for $238 million. The second sent 15 more stations in Dubuque, IA and Poughkeepsie, NY, in exchange for Peak Broadcasting's Fresno cluster. Peak, which like Dial Global and Townsquare has a large investment held by Oaktree, also had its Boise cluster folded into Townsquare. Due to market overlaps, three of Townsquare's newly acquired stations were placed in a divestiture trust.[15] The acquisition of the Cumulus stations closed on November 14, 2013.

On June 24, 2014, Townsquare Media filed for an IPO on the New York Stock Exchange, valued at $143.8 million.[16][17] On July 24, 2014, Townsquare Media became a public company with an initial offering price of $11 a share.[18]

In September 2014, Townsquare Media acquired XXL, King, and Antenna from Harris Publications. Townsquare then ceased print publication of XXL.[19]

In August 2015, Townsquare Media acquired North American Midway Entertainment of Farmland, Indiana, an amusement park company with operations in the United States and Canada.[20]

On August 17, 2016, The Madison Square Garden Company acquired a 12% stake in Townsquare Media.[21]

On October 16, 2017, Townsquare Media announced the transition of Steven Price, Townsquare’s founder and Chief Executive Officer, to the new role of Executive Chairman of the Board. He was replaced by Bill Wilson and Dhruv Prasad, who are serving as Co-Chief Executive Officers. In addition, Erik Hellum was announced as Chief Operating Officer, Local Media.[22]

Assets[edit]

Radio stations[edit]

Web publications and services[edit]

  • Antenna – general publication marketed toward youth readers; formerly a print magazine[19]
  • The Boombox – dedicated to hip hop music; previously owned by AOL[14]
  • The Boot – dedicated to country music; previously owned by AOL[14]
  • ComicsAlliance – dedicated to comic books; previously owned by AOL[14]
  • Just Jared – dedicated to pop culture[23]
  • King – publication marketed toward African American men; formerly a print magazine[19]
  • Hype Machine – aggregator of music blogs; previously owned by SpinMedia[24]
  • Loudwire – dedicated to heavy metal and hard rock music[25]
  • Noisecreep – dedicated to heavy metal and hard rock music; previously owned by AOL[14]
  • PopCrush – dedicated to pop music; also a radio show on some Townsquare stations[26]
  • ScreenCrush – dedicated to film and television[27]
  • Taste of Country – dedicated to country music[14]
  • Ultimate Classic Rock – dedicated to rock music categorized as classic; also a radio show on some Townsquare stations[28][29]
  • XXL – online magazine and website dedicated to hip hop; formerly a print magazine[19]

References[edit]

  1. ^ Overview. Townsquare Media. Retrieved March 22, 2016. 
  2. ^ Derdak, Thomas; Grant, Tina (1998). International Directory of Company Histories. St. James Press. pp. 292–293. 
  3. ^ "Coming Home". Billboard. Nielsen Business Media. 109 (27). p. 85. July 5, 1997. 
  4. ^ "Regent Communications Announces Retirement of Terry Jacobs as Chairman and CEO and Appointment as Vice Chairman". Regent Communications. PR Newswire. July 27, 2005. Retrieved June 20, 2016. 
  5. ^ a b Regent Communications Announces Agreement With Radiolicious. Regent Communications. PR Newswire. November 12, 2008. Retrieved June 20, 2016 – via RedOrbit. 
  6. ^ Nadgir, Santosh (March 1, 2010). "Radio broadcaster Regent Communications files Ch. 11". Reuters. Retrieved March 2, 2010. 
  7. ^ "Regent Communications Becomes Townsquare Media, New CEO". Radio & Television Broadcast Report. Streamline RBR. May 3, 2010. Retrieved June 20, 2016. 
  8. ^ "Townsquare Media Acquires Gap Radio Broadcasting" (Press release). Townsquare Media. August 13, 2010. Retrieved August 15, 2010. 
  9. ^ "Townsquare Media Bolsters Management Team and Relaunches over 30 Digital Properties". Townsquare Media. December 13, 2010. Archived from the original on December 17, 2010. Retrieved June 20, 2016. 
  10. ^ "Townsquare Media Buying Ten Oneonta-Area Stations". CNYRadio.com. August 8, 2011. Retrieved November 18, 2012. 
  11. ^ "Townsquare Media Acquiring Assets from Cumulus and Peak". Townsquare Media. August 30, 2013. Retrieved June 20, 2016. 
  12. ^ Venta, Lance (April 30, 2012). "Cumulus & Townsquare Swap 65 Stations". RadioInfo. RadioBB Networks. Retrieved November 19, 2012. 
  13. ^ Jones, Rhian (August 24, 2012). "Remaining half of Mog Music Network sells to Townsquare Media Group". MusicWeek. NewBay Media. Retrieved August 24, 2012. 
  14. ^ a b c d e f Brandle, Lars (June 3, 2013). "Townsquare Acquires Various AOL Music Sites, ComicsAlliance". Billboard. Prometheus Global Media. Retrieved June 20, 2016. 
  15. ^ "Cumulus Makes Dial Global And Townsquare Deals Official". Radio Insight. August 30, 2013. 
  16. ^ "Townsquare Media files for IPO of up to $144 million". Reuters. Retrieved June 27, 2014. 
  17. ^ Renaissance Capital staff writer (June 24, 2014). "Oaktree-backed Townsquare Media, the third largest radio station operator, files for a $144 million IPO". NASDAQ. Retrieved June 27, 2014. 
  18. ^ "Investor FAQs". Townsquare Media. Retrieved March 22, 2016. 
  19. ^ a b c d Flanagan, Andrew (January 16, 2014). "XXL Bought by Townsquare, to End Print Edition Next Month". Billboard. Prometheus Global Media. Retrieved June 20, 2016. 
  20. ^ "Townsquare to Acquire North American Midway Entertainment". Townsquare Media. PR Newswire. Retrieved June 20, 2016. 
  21. ^ "Madison Square Garden Takes 12% Stake in Townsquare Media". Wall Street Journal. Dow Jones & Company. Retrieved 18 August 2016. 
  22. ^ "Townsquare appoints Bill Wilson and Dhruv Prasad as Co-Chief Executive Officers, Erik Hellum as Chief Operating Officer, Local Media, and announces Founder Steven Price will serve as Executive Chairman of the Board". Townsquare Media - Digital Media & Radio Advertising Company. Retrieved 2017-10-23. 
  23. ^ Jarvey, Natalie (January 16, 2014). "Just Jared Partners with Townsquare Media Group". The Hollywood Reporter. Prometheus Global Media. Retrieved June 20, 2016. 
  24. ^ Staff writers. "Hype Machine Partners with Townsquare Media, Departing SpinMedia". Billboard. Prometheus Global Media. Retrieved June 20, 2016. 
  25. ^ Hayes, Sarah (November 6, 2014). "Loudwire Music Festival to Debut in Colorado for 2015". AXS. Retrieved June 20, 2016. 
  26. ^ "Townsquare Media Launches New PopCrush Night Program With Lisa Paige". All Access. All Access Music Group. February 17, 2015. Retrieved June 20, 2016. 
  27. ^ Thompson, Anne (March 26, 2014). "Media Watch: ScreenCrush Adds Departed HuffPo Scribe Mike Ryan". IndieWire. Penske Media Corporation. Retrieved June 20, 2016. 
  28. ^ "Zach Martin to Host Ultimate Classic Rock on 28 Townsquare Stations, Syndicated by Compass Media". All Access. All Access Music Group. June 29, 2015. Retrieved June 20, 2016. 
  29. ^ "Ultimate Classic Rock". Retrieved June 17, 2017. 

External links[edit]

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