Stay updated with breaking news from Townsquare amped. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Share this article Share this article PURCHASE, N.Y., May 10, 2021 /PRNewswire/ Townsquare Media, Inc. (NYSE: TSQ) ( Townsquare , the Company, we, us, or our ) announced today financial results for the first quarter ended March 31, 2021. We are extremely proud to report that Townsquare s first quarter 2021 results approached, and in some cases exceeded, levels achieved in the pre-COVID first quarter of 2019, which surpassed our expectations and previously stated guidance. In the first quarter of 2021, net revenue declined -5% year over year, and -1.6% excluding political and Live Events net revenue. When excluding Live Events net revenue, first quarter net revenue increased +0.3% as compared to the first quarter of 2019. Total digital revenue growth accelerated to +13% year over year (+32% vs. Q1 2019), contributing nearly 49% of Townsquare s total first quarter net revenue. Our digital revenue growth was fueled by Townsquare Interactive (TSI), our dig ....
Monday, May 10, 2021 TALKERS | May 10, 2021 Monday Memo: Was Rush the Format? As the American comeback unfolds, polls demonstrate widespread optimism. âYet,â consultant Holland Cooke reckons, thereâs âa day-after-day negativity, a wearying sameness, among the half-dozen hosts vying for the Rush Limbaugh hoursâ on his affiliate stations. And in this weekâs column, Cooke warns against typecasting the format as political talk: âIf we learned one thing during the pandemic shutdown, itâs peopleâs appetite for âsurvival information.ââ Read his column Pending Business: Why Buy? Sales and marketing pro Steve Lapa says that if you ask yourself the question: Why buy advertising on your station, you know the answers to this in your sleep. âYet why do three different sellers give three different answers? It sounds silly, but even at the best run stations, large market or small, my experience is the an ....