Townsquare Media, Inc.

Townsquare Media, Inc.

Townsquare Media, Inc.

Overview
Date Founded

1994

Headquarters

One Manhattanville Road,Suite 202,Purchase, NY 10577

Type of Company

Public

Employees (Worldwide)

2,821

Industries

Cable, Satellite, and Radio Telecommunications

Company Description

Townsquare Media, Inc. is a local media and entertainment and digital marketing services company. It owns and operates radio stations, digital and social properties and live events in small and mid-sized markets across the United States. The firm creates and distributes original entertainment, music and lifestyle content. The company operates through the following segments: Local Marketing Solutions and Entertainment. The Local Marketing Solution segment provides broadcast and digital products & solutions to advertisers and businesses within local markets. The Entertainment segment includes live event experiences, music and lifestyle content directly to consumers, promotion, advertising and product activations to local & national advertisers. The company was founded by Alexander Berkett, Steven Price, Scott Schatz and Stuart B. Rosenstein in 1994 and is headquartered in New York.

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Executives & Employees

Co-Founder

Director & Chief Executive Officer

Executive Vice President & Chief Financial Officer

Executive Vice President & General Counsel

Senior Vice President, Chief Accounting Officer

Chief Operating Officer, Local Media

Executive Vice President, Business Development & Mergers & Acquisitions

Executive Vice President, Investor Relations & Corporate Communications

Executive Vice President, Finance, Operations & Technology

Accounting Department

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Townsquare Media, Inc.
Owners & Shareholders
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MSD Capital is a private investment firm established in 1998 to exclusively manage the assets of Michael Dell and his family. MSD Capital engages in a broad range of investment activities and has the flexibility to invest in a wide variety of asset classes. MSD has offices located in New York, Santa Monica and West Palm Beach.

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AUA Capital Management LLC, a subsidiary of AUA LLC, is a company headquartered in West Conshohocken, PA. The firm provides investment advice. It was founded in 2013. Michael E. Salerno has been the CEO since that date.

Recent Transactions
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Townsquare Media, Inc. purchases Connoisseur Media LLC /3 Radio Stations from Connoisseur Media LLC

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Townsquare Media, Inc. purchases North American Midway Entertainment LLC

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Townsquare Media, Inc. issued USD Common Stock

Transaction Advisors
Legal Advisor

Advised onTownsquare Media, Inc. purchases North American Midway Entertainment LLC

Legal Advisor

Advised onTownsquare Media, Inc. purchases Peak Broadcasting LLC from The Cambria Group, DAG Private Equity

Legal Advisor

Advised onTownsquare Media, Inc. purchases Peak Broadcasting LLC from The Cambria Group, DAG Private Equity

Legal Advisor

Advised onTownsquare Media, Inc. purchases North American Midway Entertainment LLC

Legal Advisor

Advised onTownsquare Media, Inc. issued USD Common Stock

Clients

LiveXLive Media, Inc. engages in the acquisition, distribution and monetization of live music, Internet radio, and music-related streaming and video content. It provides music fans the ability to watch, listen, experience, discuss, deliberate, and enjoy live music and entertainment. The company also involves in the sale of subscription-based services and advertising from music offerings and the licensing of live music content rights and services. LiveXLive Media was founded on December 28, 2009 by Robert Scott Ellin and is headquartered in Beverly Hills, CA.

Key Stats and Financials As of 2018
Market Capitalization
$90.9M
Total Enterprise Value
$571M
Earnings Per Share
$-1.75
Revenue
$431M
Net Profit
$-32.3M
Debt TEV
0.97x
TEVNet Income
-17.65x
Enterprise Value EBITDAOperating
6.01x
Enterprise Value Sales
1.33x
EBITDAMargin
22.04%
Total Equity
$342M
Total Debt
$555M
EBITDA
$94.9M
Three Year Compounded Annual Growth Rate Of Revenue
-0.81%
Five Year Compounded Annual Growth Rate Of Revenue
9.9%
Non-Profit Donations & Grants
Investments
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Roomi, Inc. engages in the provision of mobile application that simplifies roommate and housing searches. The company was founded by Ajay Yadav and is headquartered in New York, NY.

Investors
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MSD Capital is an investment firm primarily focused on the following investment activities: investing in publicly traded securities, engaging in traditional private equity activities, investing in real estate and selectively forming partnerships with established third-party managers in the private and public markets.The MSD Public Equities group's primary investment mission is to utilize their family capital base and resources in making long-term equity investments in a limited number of outstanding companies. The group employs a disciplined, research-intensive analytic process in their search for businesses that possess sustainable long-term competitive advantages and are managed by honest, astute and shareholder-driven people. In addition to investing in equities, MSD maintains a substantial convertible bond portfolio.Private equity is an integral part of the long-term investment strategy of MSD. They seek to deploy capital in outstanding businesses with excellent management teams at attractive valuations. As distinct from private equity funds, they provide long-term, permanent capital and are able to invest without the pressures of fund raising.MSD invests in established public and private companies through privately negotiated transactions, including buyouts of private companies and divisions of public or private companies and acquisitions of public companies through going private transactions. They also make purchases of blocks of stock from public or private companies seeking equity capital or persons, families or funds seeking liquidity on existing investments. Transaction examples include leveraged and management buyouts, going private transactions, mezzanine debt and other structured investments, Private Investments in Public Entities (PIPEs) and growth equity financings, platform acquisitions and roll-ups and partnerships with other financial sponsors.While they maintain a generalist approach with regard to industries and transaction structures, they generally seek to invest in non-technology companies as a means to diversify their portfolio.MSD seeks investments with the following characteristics: solid business fundamentals including recurring revenue, high margin businesses with organic growth potential and favorable long-term prospects. They also seek investments in companies with stable, predictable operating earnings and free cash flow as evidenced by consistent operating history, a strong and sustainable market position based on high barriers to entry, attractive valuations and favorable transaction structures. Other considerations are sensible valuation multiples with attractive free cash flow yields, conservative leverage ratios with emphasis on safety of principal and strong management teams.MSD also engages in special opportunities investing. The group focuses on a variety of event-driven investment strategies including distressed debt investing, equity restructurings, direct investments and merger arbitrage.The firm's Partnership Investments group invests in a select number of investment partnerships across a variety of investment disciplines and asset classes, including hedge funds employing specific public equity and fixed-income strategies, private equity funds and real estate. They seek to generate superior risk-adjusted and tax-efficient returns by concentrating their investments with outstanding managers who collaborate with the firm to build economically aligned, long-term strategic relationships.

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Oaktree is an active manager, which focuses on middle market companies located globally. The firm invests in a broad range of sectors and industries. Oaktree makes control investments.

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General Electric Capital Corp. provides financial products and services. Its services include commercial loans and leases, fleet management, financial programs, credit cards, personal loans and other financial services. The firm's solutions include energy finance and aviation finance. The company was founded in 1932 and is headquartered in Boston, MA.

Suppliers
Nielsen Holdings Plc Market & Policy Research | New York, NY

Nielsen Holdings Plc engages in the provision of global marketing data collection and analytics services. It operates through the Buy and Watch segments. The Buy segments offers consumer packaged goods to manufacturers and retailers. The Watch segment delivers services to media and advertising clients. The company was founded by Arthur C. Nielsen, Sr. in 1923 and is headquartered in New York, NY.

Competitors
Facebook, Inc. Internet Software & Services - Menlo Park, CA

Facebook, Inc. operates as a social networking company worldwide. The company engages in the development of social media applications for people to connect through mobile devices, personal computers, and other surfaces. It enables users to share opinions, ideas, photos, videos, and other activities online. The firm's products include Facebook, Instagram, Messenger, WhatsApp, and Oculus. The company was founded by Mark Elliot Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum, and Eduardo P. Saverin on February 4, 2004 and is headquartered in Menlo Park, CA.

Spotify Technology SA Internet Software & Services - Luxembourg, Luxembourg

Spotify Technology SA is a digital music service offering music fans instant access to a world of music. The company operates through the following segments: Premium and Ad-Supported. The Premium segment provides subscribers with unlimited online and offline high-quality streaming access of music and podcasts on computers, tablets, and mobile devices, users can connect through speakers, receivers, televisions, cars, game consoles, and smart watches. It also offers a music listening experience without commercial breaks. The Ad-Supported segment provides users with limited on-demand online access of music and unlimited online access of podcasts on their computers, tablets, and compatible mobile devices. It also serves both premium subscriber acquisition channel and a robust option for users who are unable or unwilling to pay a monthly subscription fee but still want to enjoy access to a wide variety of high-quality audio content. The company was founded by Daniel Ek and Martin Lorentzon in April, 2006 and is headquartered in Luxembourg.

Amazon.com, Inc. Retail: Other - Seattle, Washington

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

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