Townsquare’s “local first” digital approach carried them to a 2023 Q1 that outperformed expectations, despite a net loss. While net revenue was up 2.9% to $103.11 million, the recorded loss ended at $1.94 million after a massive $8.49 million quarterly non-cash impairment charge.
Now the company has taken a large step to buy back and retire shares, using cash on hand, in a show that Q2 could be a significant bump for the broadcaster.
