Welcome to our dedicated page for Townsquare Media news (Ticker: TSQ), a resource for investors and traders seeking the latest updates and insights on Townsquare Media stock.
Townsquare Media, Inc. (NYSE: TSQ) is a community-focused digital and broadcast media and digital marketing solutions company that reports and comments extensively on its financial performance and strategic initiatives. This news page aggregates coverage of TSQ, reflecting its activities as a Digital First Local Media Company focused on markets outside the top 50 in the United States.
Investors following Townsquare’s news can expect regular updates tied to quarterly and annual earnings releases, often accompanied by conference call announcements and detailed segment reporting for Digital Advertising, Subscription Digital Marketing Solutions, and Broadcast Advertising. The company frequently issues press releases discussing net revenue trends, Adjusted EBITDA, segment profit, and capital structure developments such as credit agreements, term loan facilities, and debt redemptions.
News about Townsquare also includes information on dividends approved by its Board of Directors, as well as commentary from management on the performance of Townsquare Ignite and Townsquare Interactive. The company highlights the role of digital revenue and profit within its overall results, and its communications often emphasize digital as its growth engine.
In addition, readers may see announcements about investor conference participation, including virtual and in-person conferences where Townsquare’s management presents and holds one-on-one or small group meetings with investors. The company also issues releases on strategic developments, such as digital advertising partnerships through its Media Partnerships division.
By monitoring this TSQ news feed, users can review a continuous record of Townsquare’s publicly released information, including financial updates, strategic commentary, and corporate events that shape the company’s profile in the Information and Radio Networks space.
Townsquare Media, Inc. (NYSE: TSQ) announced the offering of $550 million in senior secured notes due 2026. The offering is aimed at qualified institutional buyers and foreign investors. The funds will be used to repay existing senior secured credit facilities and redeem 6.500% senior notes due 2023. The Notes will not be registered under the Securities Act, limiting their sale in the U.S. The Company aims to enhance its financial structure through this transaction.
Townsquare Media (NYSE: TSQ) announced that CEO Bill Wilson and CFO Stuart Rosenstein will participate in the Bank of America Merrill Lynch 2020 Leveraged Finance Virtual Conference on November 30 and December 1, 2020. Wilson's presentation is scheduled for 11:15 a.m. ET on November 30. A live webcast and replay will be accessible on Townsquare's investor relations page. Additionally, management will engage in one-on-one and small group meetings with investors, highlighting Townsquare's focus on local advertising and marketing solutions across the U.S.
Townsquare Media, Inc. (TSQ) reported Q3 2020 results with a net revenue decline of 15.3% compared to last year, improving from 34.5% in Q2. Adjusted EBITDA rose significantly from $2.1 million to $17.5 million, driven by growth in Townsquare Interactive and advertising sectors. Townsquare Interactive's revenue increased by 14.5%, and subscriber growth continued, adding roughly 1,150 new subscribers. Despite challenges, the company retained a strong cash position of $79.1 million.
Townsquare Media, Inc. (NYSE: TSQ) will report its third quarter 2020 financial results before the market opens on November 9, 2020. A conference call will be held on the same day at 8:00 a.m. Eastern Time to discuss the results. Interested parties can join the call by dialing 1-877-407-0784 (U.S.) or 1-201-689-8560 (International) with confirmation code 13712016. A replay will be available until November 16, 2020. The live webcast and press release will be accessible on their investor relations page.
Townsquare Media (NYSE: TSQ) announced participation in two upcoming investor conferences. Bill Wilson, CEO, and Stuart Rosenstein, CFO, will represent the company.
The conferences are: Deutsche Bank Virtual Annual Leveraged Finance Conference on October 7, 2020, and Guggenheim Virtual Broadcasting Symposium on October 8, 2020. Management will also engage in one-on-one and small group meetings with investors.
Townsquare Media operates 321 radio stations and over 330 local websites, focusing on local advertising and marketing solutions.
Townsquare Media (TSQ) reported a challenging second quarter ending June 30, 2020, with net revenue falling 34.5% year-over-year to $74.1 million. Adjusted EBITDA decreased 93.1% to $2.1 million. Advertising revenue dropped 37.5% while Live Events revenue decreased 99.5%. Despite these declines, digital revenue comprised over 48% of total revenue, bolstered by Townsquare Interactive, which saw a 10.5% increase in revenue. The company enacted significant cost savings, repaid debt, and ended the quarter with $70 million in cash.
Townsquare Media, Inc. (NYSE: TSQ) will release its second quarter 2020 financial results on August 10, 2020, before the market opens. A conference call to discuss these results will also be held on the same day at 8:00 a.m. Eastern Time. Investors can participate by calling 1-877-407-0784 (U.S. & Canada) or 1-201-689-8560 (International) with the confirmation code 13707180. Additionally, a live webcast and replay will be available on the company's investor relations website.