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Madison Square Garden gets festive with Townsquare investment

Aug 18, 2016 - The Deal Pipeline

Madison Square Garden Inc. (MSG) is taking on events and festivals with the purchase of a 12% stake in Townsquare Media Inc. (TSQ) from GE Capital, announced Wednesday, Aug. 17.

The owner of Madison Square Garden, the Forum in Los Angeles and other entertainment venues did not disclose terms of the agreement, though analysts pin the value at roughly $30 million

Townsquare, of Greenwich, Ct., owns 310 radio stations, though Madison Square Garden CEO David O'Connor also cited the compa...