In August 2016, Townsquare Media was on a slightly different path. Its Chairman and CEO was Steven Price. “The potential expansion of Townsquare’s live offerings” was so strong that Madison Square Garden Company, owner of some of the nation’s top entertainment venues and three pro sports teams, acquired an approximately 12 percent common equity stake in the publicly traded company.
Now, MSG National Properties LLC is shedding a big chunk of its stake in Townsquare, thanks to a repurchasing agreement executed by the owner of local radio stations in mid-sized and small-sized markets as well as a digital marketing solutions company and a digital advertising network.
