Townsquare Media, Inc. operates as a digital media and marketing solutions company in small and medium-sized businesses. It operates through three segments: Subscription Digital Marketing Solutions, Digital Advertising, and Broadcast Advertising. The Subscription Digital Marketing Solutions segment offers various digital marketing solutions, including hosting, search engine optimization, online directory optimization, e-commerce solutions, online reputation monitoring, social media management, appointment scheduling, payment and invoice, customer management, email marketing, and website retargeting services, as well as traditional and mobile-enabled website design, creation, and development services. The Digital Advertising segment provides digital advertising on its owned and operated digital properties, and digital programmatic advertising platforms, as well as data analytics and management platform. The Broadcast Advertising segment engages in the sale of local radio stations to local, regional, and national spot advertisers, and national network advertisers. As of December 31, 2021, this segment owned and operated 322 radio stations and approximately 330 local websites in 67 local markets. It also owns and operates approximately 200 live events, including concerts, expositions, and other experiential events; and operates local media under the WYRK.com, WJON.com, and NJ101.5.com brands, as well as national music under the XXLmag.com, TasteofCountry.com, UltimateClassicRock.com, and Loudwire.com brands. The company was formerly known as Regent Communications, Inc. and changed its name to Townsquare Media, Inc. in May 2010. Townsquare Media, Inc. was incorporated in 1996 and is headquartered in Purchase, New York.
Institutional investors have a fair amount of stake in Townsquare Media. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time.
Townsquare Media is not owned by hedge funds. The company's largest shareholder is Madison Square Garden Entertainment Corp., with ownership of 19%. Meanwhile, the second and third largest shareholders, hold 14% and 5.2%, of the shares outstanding, respectively. Additionally, the company's CEO Bill Wilson directly holds 2.6% of the total shares outstanding. Individual investors, hold a 16% stake in Townsquare Media.
Institutional investors have a fair amount of stake in Townsquare Media. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time.
Townsquare Media is not owned by hedge funds. The company's largest shareholder is Madison Square Garden Entertainment Corp., with ownership of 19%. Meanwhile, the second and third largest shareholders, hold 14% and 5.2%, of the shares outstanding, respectively. Additionally, the company's CEO Bill Wilson directly holds 2.6% of the total shares outstanding. Individual investors, hold a 16% stake in Townsquare Media.
