"If the company's radio stations are reaching half the adult population in their local markets, why seek separation from your radio identity? That's a heck of a story."
"Broadcast is a mature cash cow business that will continue to face headwinds going forward, as businesses will continue to share shift from traditional advertising to digital advertising."
"We're very proud of the radio business, and to me, we would never have had the success over the last 14 years in transforming into a digital-first company without the DNA of radio."
“Despite the lack of tailwinds at our back in 2023, I am very pleased with how the Townsquare team navigated the progressively challenging economic landscape."
For the second quarter of the fiscal year, Townsquare Media is reporting a net revenue of $121.9 million. That increase is 13.6% higher than the same quarter in 2021.