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Townsquare Media history
Townsquare Media company history timeline
Townsquare Media was established as Regent Communications by Terry Jacobs in 1994.
Bill Stakelin later shared chief status in the company with Jacobs, and the two established JS Communications, later selling Regent to Jacor in 1997.
Jacobs left the company in 2005.
On October 27, 2008, Regent Broadcasting joined Radiolicious and began streaming on the iPhone and iPod Touch.
Regent filed for Chapter 11 bankruptcy protection on March 1, 2010, with $211.3 million in debt, $166.5 million in assets, and a pre-arranged plan for exiting bankruptcy, with the United States Bankruptcy Court for the District of Delaware.
In December 2010, the company began to expand its digital media operations, overhauling its stations' websites and launching a new country music news website known as Taste of Country.
Townsquare acquired a number of stations from Double O Radio in August 2011.
On August 24, 2012, Townsquare reached a deal to acquire the MOG Music Network, an advertising network for music blogs.
On October 1, 2012, Townsquare Media created Townsquare Interactive.
The deal came following the abrupt shutdown of AOL's Music division in April 2013.
The acquisition of the Cumulus stations closed on November 14, 2013.
On February 25, 2014, Townsquare Ignite was created to offer business owners across the United States online advertising solutions, such as PPC, SEM, social media advertising and website retargeting.
On June 24, 2014, Townsquare Media filed for an IPO on the New York Stock Exchange, valued at $143.8 million.
In September 2014, Townsquare Media acquired XXL, King, and Antenna from Harris Publications.
In August 2015, Townsquare Media acquired North American Midway Entertainment of Farmland, Indiana, an amusement park company with operations in the United States and Canada.
On August 17, 2016, The Madison Square Garden Company acquired a 12% stake in Townsquare Media.
On October 16, 2017, Townsquare Media announced the transition of Steven Price, Townsquare's founder and chief executive officer, to the new role of Executive Chairman of the Board.
On February 15, 2018, Townsquare Media acquired classic rock station WOUR-FM 96.9 from Galaxy Communications.
On January 2, 2019, Townsquare Media announced the departure of Co-Chief Executive Officer Dhruv Prasad and the transition of Bill Wilson from Co-Chief Executive Officer to sole chief executive officer of the company.
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Townsquare Media competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Cumulus Media | 1998 | $827.1M | 3,646 | 132 |
| Hubbard Broadcasting | 1925 | $306.1M | 1,200 | - |
| Premiere Networks | 1987 | $10.0M | 200 | - |
| Alpha Media USA | 2014 | $830.0M | 3,000 | 55 |
| Entercom Communications | 1968 | $1.2B | 3,586 | - |
| Urban One | 1980 | $449.7M | 1,011 | - |
| Emmis Communications | 1981 | $39.7M | 350 | 2 |
| Live Nation Entertainment | 2005 | $23.2B | 8,200 | 1,390 |
| Citadel Broadcasting | 1984 | $719.8M | 4,100 | - |
| Beasley Media Group | 1961 | $240.3M | 748 | 45 |
Townsquare Media history FAQs
Zippia gives an in-depth look into the details of Townsquare Media, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Townsquare Media. The employee data is based on information from people who have self-reported their past or current employments at Townsquare Media. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Townsquare Media. The data presented on this page does not represent the view of Townsquare Media and its employees or that of Zippia.
Townsquare Media may also be known as or be related to Townsquare Media, Townsquare Media Inc, Townsquare Media Inc., Townsquare Media, Inc. and Townsquare Media, LLC.