Townsquare Media

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Townsquare Media, LLC
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 http://www.townsquaremedia.com/
http://www.townsquaremediagroup.com

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[edit]

Regent Communications logo before rebranding.

Regent Communications (former Pink Sheets ticker symbol RGCI) was founded in 1996 by Terry Jacobs and Bill Stakelin.[citation needed] 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[edit]

Alabama[edit]

Tuscaloosa

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[edit]

Texarkana

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[edit]

Fort Collins

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

Grand Junction

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[edit]

Danbury

WINE - 940 - Sports

WRKI - 95.1 - Classic Rock

WDBY - 105.5 - Today's Country

Idaho[edit]

Boise

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

Twin Falls

KLIX - 1310 - News/Talk/Information

KEZJ-FM - 95.7 - Country

KLIX-FM - 96.5 - Classic Hits

KSNQ - 98.3 - Classic Rock

Illinois[edit]

Rockford

WROK - 1440 - News/Talk

WKGL-FM - 96.7 - Classic Rock

WZOK - 97.5 - CHR

WXXQ - 98.5 - Country

Quad Cities

KBOB - 1170 - Sports

KJOC - 93.5 - Sports

WXLP - 96.9 - Classic Hits

KBEA-FM - 99.7 - Mainstream CHR

KQCS - 104.9 - Country

Quincy/Hannibal (Missouri)

KHMO - 1070 - News/Talk/Sports

WLIQ - 1530 - Classic Country

KICK-FM - 97.9 - Country

KRRY - 100.9 - Hot AC

Indiana[edit]

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[edit]

Cedar Rapids

KRNA - 94.1 - Mainstream Rock

KHAK - 98.1 - Country

KDAT - 104.5 - Adult Contemporary

KRQN - 107.1 - CHR/Top 40

Dubuque

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

Waterloo

KOEL - 950 - News/Talk

KKHQ-FM - 92.3 - Mainstream CHR

KCRR - 97.7 - Classic Rock

KOEL-FM - 98.5 - Country

Louisiana[edit]

Lafayette

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

Lake Charles

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

Shreveport

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[edit]

Augusta/Waterville

WJZN - 1400 - Adult Standards

WTVL - 1490 - Adult Standards

WMME-FM - 92.3 - Top 40 (CHR)

WEBB - 98.5 - Country

Bangor

WDEA - 1370 - Adult Standards

WEZQ - 92.9 - Sports

WWMJ - 95.7 - Classic Rock

WQCB - 106.5 - Country

WBZN - 107.3 - Top 40 (CHR)

Portland

WCYY - 94.3 - Modern Rock

WHOM - 94.9 - Adult Contemporary

WJBQ - 97.9 - CHR/Top 40

WBLM - 102.9 - Classic Rock

Presque Isle

WQHR - 96.1 - Adult Top 40

WBPW - 96.9 - Country

WOZI - 101.9 - Classic Rock

Massachusetts[edit]

New Bedford

WBSM - 1420 - News/Talk/Sports

WFHN - 107.1 - Contemporary Hit Radio

Michigan[edit]

Battle Creek

WBCK - 95.3 - News/Talk

WBXX - 104.9 - Adult Contemporary

Flint

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

Grand Rapids

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

Kalamazoo

WKMI - 1360 - Conservative Talk

W273AR - 102.5 - Country

WKFR-FM - 103.3 - CHR/Top 40

WRKR - 107.7 - Classic Rock

Lansing

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[edit]

Duluth

WEBC - 560 - Classic Rock

KLDJ - 101.7 - Classic Hits

KKCB - 105.1 - Country

KBMX - 107.7 - Adult Top 40

Faribault

KDHL - 920 - Classic Country

KRFO - 1390 - Oldies

KQCL - 95.9 - Classic Rock

KRFO-FM - 104.9 - Country

Rochester

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

St. Cloud

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[edit]

Sedalia

KSIS - 1050 - News/Talk/Sports

KSDL - 92.3 - Adult Hits

KXKX - 105.7 - Country

Montana[edit]

Billings

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

Bozeman

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

Missoula

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

Shelby

KSEN - 1150 - Oldiea

KZIN-FM - 96.7 - Country

New Hampshire[edit]

Portsmouth

WOKQ - 97.5 - Country

WSAK - 102.1 - Classic Hits

WPKQ - 103.7 - Country

WSHK - 105.3 - Classic Hits

New Jersey[edit]

Toms River

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[edit]

Albany

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

Binghamton

WNBF - 1290 - News/Talk

WYOS - 1360 - Sports/Talk

WHWK - 98.1 - Country

WAAL - 99.1 - Classic Rock

WWYL - 104.1 - Rhythmic Top 40/CHR

Buffalo

WBUF - 92.9 - Adult Hits

WBLK - 93.7 - Urban Contemporary

WMSX - 96.1 - Hot Adult Contemporary

WYRK - 106.5 - Country

Oneonta

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

Poughkeepsie

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

Utica/Rome

WIBX - 950 - News/Talk

WODZ-FM - 96.1 - Classic Hits

WLZW - 98.7 - Adult Contemporary

WFRG-FM - 104.3 - Country

North Dakota[edit]

Bismarck

KLXX - 1270 - Talk

KBYZ - 96.5 - Classic Rock

KKCT - 97.5 - Top 40 (CHR)

KACL - 98.7 - Classic Hits

KUSB - 103.3 - Country

Oklahoma[edit]

Lawton

KZCD - 94.1 - Rock

KLAW - 101.3 - Country

KVRW - 107.3 - Classic Hits

South Dakota[edit]

Sioux Falls

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[edit]

Abilene

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

Amarillo

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

El Paso

KROD - 600 - Sports

KSII - 93.1 - Hot Adult Contemporary

KLAQ-FM - 95.5 - Rock

Killeen/Temple

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

Lubbock

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

Lufkin

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

Odessa/Midland

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

San Angelo

KGKL - 960 - News/Talk/Information

KNRX - 96.5 - Mainstream Rock

KGKL-FM - 97.5 - Country

KELI - 98.7 - Adult Contemporary

KKCN - 103.1 - Country

Tyler

KTYL-FM - 93.1 - Hot Adult Contemporary

KKTX-FM - 96.1 - Classic Rock

KNUE - 101.5 - Country

KISX - 107.3 - Urban Adult Contemporary

Victoria

KQVT - 92.3 - Hot Adult Contemporary

KLUB - 106.9 - Classic Rock

KIXS - 107.9 - Country

Wichita Falls

KWFS - 1290 - News/Talk/Sports

KNIN-FM - 92.9 - CHR/Top 40

KWFS-FM - 102.3 - Country

KBZS - 106.3 - Rock

Washington[edit]

Tri-Cities

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

Yakima

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[edit]

Casper

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

Cheyenne

KGAB - 650 - News/Talk/Information

KIGN - 101.9 - Classic Rock

KLEN - 106.3 - Country

Laramie

KOWB - 1290 - News/Talk/Information

KCGY - 95.1 - Country

References[edit]

  1. ^ a b c d "Townsquare Media Acquires GAP Radio Broadcasting" (Press release). Greenwich, Connecticut: Townsquare Media. 2010-08-13. Retrieved 2010-08-15. 
  2. ^ "Business Announcements for the week of 5/9-5/15/2010". El Paso Inc. (El Paso, Texas). Retrieved 2010-05-14. 
  3. ^ http://www.townsquaremedia.com/local-media/overview
  4. ^ a b "Regent Communications Announces Agreement With Radiolicious" (Press release). Cincinnati, Ohio: Regent Communications, Inc. PRNewswire. 2008-11-12. 
  5. ^ Nadgir, Santosh (2010-03-01). "Radio broadcaster Regent Communications files Ch. 11 (Update 3)". Bangalore. Reuters. Retrieved 2010-03-02. 
  6. ^ "Regent Communications, just out of Chapter 11, becomes "Townsquare Media", changes CEO & CFO". Radio-Info.com. 2010-05-03. 
  7. ^ "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. 
  8. ^ "Townsquare Media Buying Ten Oneonta-Area Stations". CNYRadio.com. 2011-08-08. Retrieved 2012-11-18. 
  9. ^ [1] Archived May 3, 2012 at the Wayback Machine
  10. ^ "The Music Radio Trade Publication". RadioInfo. Retrieved 2012-11-19. 
  11. ^ "Remaining half of Mog Music Network sells to Townsquare Media Group". MusicWeek. Retrieved 24 August 2012. 
  12. ^ "Townsquare Acquires Various AOL Music Sites, Comics Alliance". Billboard.biz. Retrieved 12 February 2014. 
  13. ^ Cumulus Makes Dial Global And Townsquare Deals Official - Radio Insight (released August 30, 2013)
  14. ^ "Townsquare Media files for IPO of up to $144 million". Reuters. Retrieved 27 June 2014. 
  15. ^ "Oaktree-backed Townsquare Media, the third largest radio station operator, files for a $144 million IPO". NASDAQ.com. Retrieved 27 June 2014. 
  16. ^ http://www.townsquaremedia.com/equity-investors/faq
  17. ^ 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. 
  18. ^ North American Midway Entertainment, NAME Acquired By Townsquare Media, LLC, Retrieved Oct. 28, 2015.

External links[edit]