Townsquare Media
 | |
| Public | |
| Traded as | NYSE: TSQ |
| Industry | Mass media |
| Founded | 1996 |
| Headquarters | Greenwich, Connecticut[1] |
Key people |
Steven Price (Chairman/CEO) Stuart Rosenstein (executive vice president/CFO)[2] |
| Services | Digital media, radio |
| Owner | Oaktree Capital Management[1] |
| Website |
townsquaremedia townsquaremediagroup |
Townsquare Media (formerly Regent Communications Inc. until 2010) is an American media company based in Greenwich, Connecticut.
The company began primarily in radio: As of August 13, 2010, after it acquired sister companies Gap Broadcasting and GapWest Broadcasting, it owned 171 radio stations in 36 radio markets, with concentration in the Northeast, Midwest, Southwest, and Mountain states.[1] As of its IPO date, Townsquare is the third largest AM/FM operator in the country owning over 310 radio stations in 66 markets.[3] It later expanded into digital publishing and marketing, with the acquisition of the MOG Music Network, a group of former AOL Music blogs, and the launch of their mobile app radioPup, which broadcasts their radio stations, as well as features digital news content.
History
Regent Communications (former Pink Sheets ticker symbol RGCI) was founded in 1996 by Terry Jacobs and Bill Stakelin. Jacobs later since retired from the company and Stakelin became its CEO.
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.[4]
Regent filed Chapter 11 bankruptcy 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.[5] After its privatization, the company was given its new name, Townsquare Media.[6] Gap Broadcasting Group, another radio group owned by Oaktree, was merged into Townsquare, giving it ownership of 171 radio stations in 36 markets.[1][4]
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.[7]
Townsquare acquired a number of stations Double O Radio in August 2011.[8]
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 in cash.[9][10]
On August 24, 2012, Townsquare reached a deal to acquire the MOG Music Network, an advertising network for music blogs, from MOG, a streaming music service that had reached a deal to be acquired by Beats Electronics.[11]
In June 2013, Townsquare announced it would acquire a number of websites from AOL, including the music blogs The Boombox, The Boot, and Noisecreep, along with the comic book news site Comics Alliance. The deal came following the abrupt shutdown of the AOL Music division in April 2013.[12]
On August 29, 2013, it was announced that Cumulus would purchase Dial Global, after the network service was showing signs of financial distress in late 2012. Cumulus will be paying $260 Million in cash for this programming syndication service, part of which will be used to pay off Dial’s debt before it is folded into Cumulus Media Networks. To make that sale happen, Cumulus will once again make a pair of station deals with Townsquare Media: the first deal will send 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 will send 15 more stations in Dubuque, IA and Poughkeepsie, NY stations in exchange for Peak Broadcasting’s Fresno cluster. While not mentioned by the Journal, Peak, which like Dial Global and Townsquare has a large investment held by Oaktree Capital Management will have its Boise cluster folded into Townsquare as well. Townsquare, however, will have to place three of its newly acquired stations in a divestiture trust due to market overlaps.[13] 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.[14][15] On July 24, 2014, Townsquare Media became a public company with an initial offering price of $11.00 a share.[16]
In September 2014, Townsquare Media acquired XXL, King and Antenna from Harris Publications. Townsquare then ceased print publication of XXL.[17]
Townsquare Media acquired North American Midway Entertainment of Farmland, Indiana in August 2015, a traveling carnival midway company which provides amusement rides, games and concessions to local, county and state fairs in the United States and Canada.[18]
List of stations
Alabama
WTSK - 790 - Gospel
WTUG-FM - 92.9 - Urban Adult Contemporary
WFFN - 95.3 - Country
WDGM - 99.1 - Sports
WBEI - 101.7 - Hot Adult Contemporary
Arkansas
KOSY - 790 - Gospel
KMJI - 93.3 - Adult Contemporary
KPWW - 95.9 - Mainstream Top 40
KKYR-FM - 102.5 - Country
KYGL - 106.3 - Mainstream Rock
Colorado
KMAX-FM - 94.3 - Mainstream Rock
KUAD-FM - 99.1 - Country
KKPL - 99.9 - Hot Adult Contemporary
KTRR - 102.5 - Adult Contemporary
KARS-FM - 102.9 - Classic Rock
KEXO - 1230 - Sports/Talk
KKNN - 95.1 - Active Rock
KEKB - 99.9 - Modern Country
KMXY - 104.3 - Hot Adult Contemporary
KBKL - 107.9 - Classic Hits
Connecticut
WINE - 940 - Sports
WRKI - 95.1 - Classic Rock
WDBY - 105.5 - Today's Country
Idaho
KIDO - 580 - News/Talk
KFXD - 630 - Sports/Talk
KSAS-FM - 103.5 - CHR/Top 40
KAWO - 104.3 - Country
KCIX - 106.3 - Hot Adult Contemporary
KXLT-FM - 107.9 - Adult Contemporary
KLIX - 1310 - News/Talk/Information
KEZJ-FM - 95.7 - Country
KLIX-FM - 96.5 - Classic Hits
KSNQ - 98.3 - Classic Rock
Illinois
WROK - 1440 - News/Talk
WKGL-FM - 96.7 - Classic Rock
WZOK - 97.5 - CHR
WXXQ - 98.5 - Country
KBOB - 1170 - Sports
KJOC - 93.5 - Sports
WXLP - 96.9 - Classic Hits
KBEA-FM - 99.7 - Mainstream CHR
KQCS - 104.9 - Country
KHMO - 1070 - News/Talk/Sports
WLIQ - 1530 - Classic Country
KICK-FM - 97.9 - Country
KRRY - 100.9 - Hot AC
Indiana
Evansville/Owensboro (Kentucky)
WGBF - 1280 - News/Talk/Information
WOMI - 1490 - News/Talk/Information
WBKR - 92.5 - Country
WKDQ - 99.5 - Country
WGBF-FM - 103.1 - Active Rock
WJLT - 105.3 - Sports Talk
WDKS - 106.1 - Top 40 Mainstream
Iowa
KRNA - 94.1 - Mainstream Rock
KHAK - 98.1 - Country
KDAT - 104.5 - Adult Contemporary
KRQN - 107.1 - CHR/Top 40
WDBQ - 1490 - News/Talk
KXGE - 102.3 - Mainstream Rock
WJOD - 103.3 - Country
KLYV - 105.3 - CHR/Top 40
WDBQ-FM - 107.5 - Classic Hits
KOEL - 950 - News/Talk
KKHQ-FM - 92.3 - Mainstream CHR
KCRR - 97.7 - Classic Rock
KOEL-FM - 98.5 - Country
Louisiana
KROF - 960 - Talk
KPEL - 1420 - Sports
KPEL-FM - 96.5 - News/Talk
KMDL - 97.3 - Country
KTDY - 99.9 - Adult Contemporary
KHXT - 107.9 - Rhythmic Contemporary
KJEF - 1290 - Cajun
KLCL - 1470 - Cajun
KTSR - 92.1 - Contemporary Hit Radio
KHLA - 92.9 - Classic Hits
KNGT - 99.5 - Modern Country
KJMH - 107.5 - Urban Contemporary
KEEL - 710 - News/Talk/Information
KWKH - 1130 - Sports
KXKS-FM - 93.7 - Country
KRUF - 94.5 - Top 40/CHR
KVKI-FM - 96.5 - Adult Contemporary
KTUX - 98.9 - Album-Oriented Rock
Maine
WJZN - 1400 - Adult Standards
WTVL - 1490 - Adult Standards
WMME-FM - 92.3 - Top 40 (CHR)
WEBB - 98.5 - Country
WDEA - 1370 - Adult Standards
WEZQ - 92.9 - Sports
WWMJ - 95.7 - Classic Rock
WQCB - 106.5 - Country
WBZN - 107.3 - Top 40 (CHR)
WCYY - 94.3 - Modern Rock
WHOM - 94.9 - Adult Contemporary
WJBQ - 97.9 - CHR/Top 40
WBLM - 102.9 - Classic Rock
WQHR - 96.1 - Adult Top 40
WBPW - 96.9 - Country
WOZI - 101.9 - Classic Rock
Massachusetts
WBSM - 1420 - News/Talk/Sports
WFHN - 107.1 - Contemporary Hit Radio
Michigan
WBCK - 95.3 - News/Talk
WBXX - 104.9 - Modern Rock
WFNT - 1470 - News/Talk
WLCO - 1530 - Country
WRCL - 93.7 - Rhythmic CHR
WWBN - 101.5 - Active Rock
WQUS - 103.1 - Classic Rock
WCRZ - 107.9 - Adult Contemporary
WNWZ - 1410 - Urban Adult Contemporary
WLHT-FM - 95.7 - Hot Adult Contemporary
WGRD-FM - 97.9 - Active Rock
WFGR - 98.7 - Classic Hits
WTRV - 100.5 - Soft Adult Contemporary
WKMI - 1360 - Conservative Talk
W273AR - 102.5 - Country
WKFR-FM - 103.3 - CHR/Top 40
WRKR - 107.7 - Classic Rock
WVFN - 730 - Sports/Talk
WJIM - 1240 - News/Talk
WMMQ - 94.9 - Classic Rock
WJIM-FM - 97.5 - CHR/Top 40
WFMK - 99.1 - Adult Contemporary
WITL-FM - 100.7 - Country
Minnesota
WEBC - 560 - Classic Rock
KLDJ - 101.7 - Classic Hits
KKCB - 105.1 - Country
KBMX - 107.7 - Adult Top 40
KDHL - 920 - Classic Country
KRFO - 1390 - Oldies
KQCL - 95.9 - Classic Rock
KRFO-FM - 104.9 - Country
KFIL - 1060 - Country
KROC - 1340 - News/Talk
KOLM - 1520 - Sports
KWWK - 96.5 - Country
KFIL-FM - 103.1 - Country
KDCZ - 103.9 - Active Rock
KVGO - 104.3 - Oldies
KYBA - 105.3 - Adult Contemporary
KROC-FM - 106.9 - Top 40/CHR
KDZZ - 107.7 - Active Rock
WJON - 1240 - News/Talk
KXSS - 1390 - Sports
KMXK - 94.9 - Hot Adult Contemporary
KZRV - 96.7 - Active Rock
WWJO - 98.1 - Country
KLZZ - 103.7 - Classic Rock
Missouri
KSIS - 1050 - News/Talk/Sports
KSDL - 92.3 - Adult Hits
KXKX - 105.7 - Country
Montana
KBUL - 970 - News/Talk
KCHH - 95.5 - News/Talk
KKBR - 97.1 - Top 40/CHR
KCTR-FM - 102.9 - Country
KMHK - 103.7 - Classic Rock
KPRK - 1340 - Talk
KMMS - 1450 - News/Talk
KMMS-FM - 95.1 - Adult Album Alternative
KISN - 96.7 - Top 40/CHR
KXLB - 100.7 - Country
KZMY - 103.5 - Hot Adult Contemporary
KMPT - 930 - Talk
KLYQ - 1240 - Oldies
KGVO - 1290 - News/Talk
KYSS-FM - 94.9 - Country
KBAZ - 96.3 - Active Rock
KGVO-FM - 101.5 - News/Talk
KENR - 107.5 - Top 40/CHR
KSEN - 1150 - Oldiea
KZIN-FM - 96.7 - Country
New Hampshire
WOKQ - 97.5 - Country
WSAK - 102.1 - Classic Hits
WPKQ - 103.7 - Country
WSHK - 105.3 - Classic Hits
New Jersey
WOBM - 1160 - News/Talk
WADB - 1310 - News/Talk
WPGG - 1450 - Talk Radio
WOBM-FM - 92.7 - Adult Contemporary
WJLK - 94.3 - Hit Music
WFPG - 96.9 - Lite Rock
WENJ - 97.3 - Sports
WKXW - 101.5 - News/Talk (Weekdays)/Music (Weekends)
WSJO - 104.9 - Hot AC
WCHR-FM - 105.7 - Classic Rock
WPUR - 107.3 - Country
New York
WQBJ - 103.5 - Active Rock
WQBK-FM - 103.9 - Active Rock
WTMM-FM - 104.5 - Sports
WQSH - 105.7 - Classic Hits
WGNA-FM - 107.7 - Country
WNBF - 1290 - News/Talk
WYOS - 1360 - Sports/Talk
WHWK - 98.1 - Country
WAAL - 99.1 - Classic Rock
WWYL - 104.1 - Rhythmic Top 40/CHR
WBUF - 92.9 - Adult Hits
WBLK - 93.7 - Urban Contemporary
WMSX - 96.1 - Hot Adult Contemporary
WYRK - 106.5 - Country
WDOS - 730 - Sports
WCHN - 970 - Sports
WDLA - 1270 - Sports
WDLA-FM - 92.1 - Country
WKXZ - 93.9 - Hot Adult Contemporary
WIYN - 94.7 - Silent
WBKT - 95.3 - New Country
WTBD-FM - 97.5 - Adult Hits
WDHI - 100.3 - Oldies
WZOZ - 103.1 - Classic Hits
WSRK - 103.9 - Adult Contemporary
WEOK - 1390 - Oldies
WKNY - 1490 - Adult Contemporary
WRRV - 92.7 - Modern Rock
WKXP - 94.3 - Country
WRRB - 96.9 - Alternative Rock
WZAD - 97.3 - Country
WCZX - 97.7 - Hot Adult Contemporary
WPDH - 101.5 - Album-Oriented Rock
WPDA - 106.1 - Album-Oriented Rock
WIBX - 950 - News/Talk
WODZ-FM - 96.1 - Classic Hits
WLZW - 98.7 - Adult Contemporary
WFRG-FM - 104.3 - Country
North Dakota
KLXX - 1270 - Talk
KBYZ - 96.5 - Classic Rock
KKCT - 97.5 - Top 40 (CHR)
KACL - 98.7 - Classic Hits
KUSB - 103.3 - Country
Oklahoma
KZCD - 94.1 - Rock
KLAW - 101.3 - Country
KVRW - 107.3 - Classic Hits
South Dakota
KXRB - 1000 - Classic Country
KSOO - 1140 - News/Talk
KMXC - 97.3 - Hot AC
KSOO-FM - 99.1 - Sports
KDEZ - 100.1 - Adult Contemporary
KIKN-FM - 100.5 - Country
KYBB - 102.7 - Classic Rock
KKLS-FM - 104.7 - Top 40/CHR
Texas
KSLI - 1280 - Classic Country
KYYW - 1470 - News/Talk
KMWX - 92.5 - Adult Contemporary
KULL - 100.7 - Classic Hits
KEAN-FM - 105.1 - Country
KEYJ-FM - 107.9 - Active Rock
KIXZ - 940 - News/Talk/Information
KMXJ-FM - 94.1 - Adult Contemporary
KXSS-FM - 96.9 - CHR/Top40
KPRF - 98.7 - Adult Hits
KATP - 101.9 - Country
KROD - 600 - Sports
KSII - 93.1 - Hot Adult Contemporary
KLAQ-FM - 95.5 - Rock
KTEM - 1400 - News/Talk/Sports
KLTD - 101.7 - Classic Hits
KSSM - 103.1 - Urban Adult Contemporary
KUSJ - 105.5 - Country
KOOC - 106.3 - Rhythmic Contemporary
KFYO - 790 - News/Talk
KKAM - 1340 - Sports
KFMX-FM - 94.5 - Active Rock
KKCL-FM - 98.1 - Oldies
KQBR - 99.5 - Country
KZII-FM - 102.5 - Top 40/CHR
KSFA - 860 - News/Talk
KVLL-FM - 94.7 - Adult Contemporary
KAFX-FM - 95.5 - Top 40/CHR
KYKS - 105.1 - Country
KTBQ - 107.7 - Classic Rock
KMND - 1510 - Sports
KNFM - 92.3 - Country
KZBT - 93.3 - CHR Rhythmic
KGEE - 97.3 - Silent
KODM - 97.9 - Soft Rock
KBAT - 99.9 - Album-Oriented Rock
KGKL - 960 - News/Talk/Information
KNRX - 96.5 - Mainstream Rock
KGKL-FM - 97.5 - Country
KELI - 98.7 - Adult Contemporary
KKCN - 103.1 - Country
KTYL-FM - 93.1 - Hot Adult Contemporary
KKTX-FM - 96.1 - Classic Rock
KNUE - 101.5 - Country
KISX - 107.3 - Urban Adult Contemporary
KQVT - 92.3 - Hot Adult Contemporary
KLUB - 106.9 - Classic Rock
KIXS - 107.9 - Country
KWFS - 1290 - News/Talk/Sports
KNIN-FM - 92.9 - CHR/Top 40
KWFS-FM - 102.3 - Country
KBZS - 106.3 - Rock
Washington
KFLD - 870 - News/Talk/Information
KXRX - 97.1 - Rock
KOLW - 97.5 - Rhythmic CHR
KEYW - 98.3 - Hot Adult Contemporary
KORD-FM - 102.7 - Country
KIT - 1280 - News/Talk/Information
KUTI - 1460 - Sports
KDBL - 92.9 - Country
KATS - 94.5 - Mainstream Rock
KMGW - 99.3 - Rhythmic Oldies
KFFM - 107.3 - CHR
Wyoming
KTWO - 1030 - Full Service
KKTL - 1400 - Sports
KWYY - 95.5 - Country
KRNK - 96.7 - Mainstream Rock
KTRS-FM - 104.7 - Top 40/CHR
KRVK - 107.9 - Classic Hits
KGAB - 650 - News/Talk/Information
KIGN - 101.9 - Classic Rock
KLEN - 106.3 - Country
KOWB - 1290 - News/Talk/Information
KCGY - 95.1 - Country
References
- 1 2 3 4 "Townsquare Media Acquires GAP Radio Broadcasting" (Press release). Greenwich, Connecticut: Townsquare Media. 2010-08-13. Retrieved 2010-08-15.
- ↑ "Business Announcements for the week of 5/9-5/15/2010". El Paso Inc. (El Paso, Texas). Retrieved 2010-05-14.
- ↑ "Overview: Local Media & Radio Advertising Company: Townsquare Media". Townsquare Media - Digital Media & Radio Advertising Company. Retrieved 22 March 2016.
- 1 2 "Regent Communications Announces Agreement With Radiolicious" (Press release). Cincinnati, Ohio: Regent Communications, Inc. PRNewswire. 2008-11-12.
- ↑ Nadgir, Santosh (2010-03-01). "Radio broadcaster Regent Communications files Ch. 11 (Update 3)". Bangalore. Reuters. Retrieved 2010-03-02.
- ↑ "Regent Communications, just out of Chapter 11, becomes "Townsquare Media", changes CEO & CFO". Radio-Info.com. 2010-05-03.
- ↑ "Townsquare Media Bolsters Management Team and Re-Launches Over 30 Digital Properties" (Press release). Greenwich, Connecticut: Townsquare Media. 2010-12-13. Archived from the original on December 17, 2010.
- ↑ "Townsquare Media Buying Ten Oneonta-Area Stations". CNYRadio.com. 2011-08-08. Retrieved 2012-11-18.
- ↑ Townsquaremedia.com Archived May 3, 2012, at the Wayback Machine.
- ↑ "The Music Radio Trade Publication". RadioInfo. Retrieved 2012-11-19.
- ↑ "Remaining half of Mog Music Network sells to Townsquare Media Group". MusicWeek. Retrieved 24 August 2012.
- ↑ "Townsquare Acquires Various AOL Music Sites, Comics Alliance". Billboard.biz. Retrieved 12 February 2014.
- ↑ Cumulus Makes Dial Global And Townsquare Deals Official - Radio Insight (released August 30, 2013)
- ↑ "Townsquare Media files for IPO of up to $144 million". Reuters. Retrieved 27 June 2014.
- ↑ "Oaktree-backed Townsquare Media, the third largest radio station operator, files for a $144 million IPO". NASDAQ.com. Retrieved 27 June 2014.
- ↑ "FAQ". Townsquare Media - Digital Media & Radio Advertising Company. Retrieved 22 March 2016.
- ↑ Kelly, Keith J. (2014-09-22). "Townsquare snaps up hip-hop mag XXL, plans to go digital-only". New York Post. Retrieved 2014-09-23.
- ↑ North American Midway Entertainment, NAME Acquired By Townsquare Media, LLC, Retrieved Oct. 28, 2015.
External links
- Townsquare Media — official site
- Taste of Country — country music news site owned by Townsquare
- Ultimate Classic Rock — classic rock news site owned by Townsquare
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