Welcome to our dedicated page for Townsquare Media SEC filings (Ticker: TSQ), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The SEC filings page for Townsquare Media, Inc. (NYSE: TSQ) brings together the company’s official regulatory disclosures, including Current Reports on Form 8-K and other key documents filed with the U.S. Securities and Exchange Commission. These filings provide structured detail on Townsquare’s financial results, segment performance, capital structure, and material events.
Townsquare uses Form 8-K to announce quarterly operating results, attaching earnings press releases as exhibits. In these filings, the company discusses net revenue, net income or loss, Adjusted EBITDA, Adjusted Net Income, and segment results for its Digital Advertising, Subscription Digital Marketing Solutions, and Broadcast Advertising businesses. The 8-Ks also describe non-GAAP financial measures and note that certain information is furnished rather than filed for purposes of the Exchange Act.
Filings may outline credit agreements, term loan facilities, and debt redemptions, as well as information on outstanding indebtedness and leverage metrics referenced in the company’s public communications. Townsquare’s disclosures also address its capital structure, including multiple classes of common stock and their voting rights, and describe the conditions under which shares can convert into Class A common stock, subject to Federal Communications Commission rules.
Through Stock Titan, users can access these TSQ filings with AI-powered summaries that highlight the main points of lengthy documents. Real-time updates from EDGAR ensure that new 8-Ks, 10-Qs, and 10-Ks appear as they are filed, while AI-generated overviews help explain complex sections, such as segment reporting, non-GAAP reconciliations, and capital structure details. Investors can also review filings related to executive and board decisions, dividend declarations, and other material corporate events disclosed by Townsquare.
Townsquare Media, Inc. ownership disclosure: The Capital Management Corporation, filed by Compliance Officer Pamela C. Simms, reports beneficial ownership of 2,494,607 shares of Common stock, representing 14.6% of the class. The filing states sole voting power for 2,486,157 shares and sole dispositive power for 2,494,607 shares.
Townsquare Media, Inc. is holding its 2026 annual stockholder meeting virtually on May 11, 2026. Stockholders will vote on electing two Class III directors, ratifying BDO USA as auditor for 2026, approving executive pay on an advisory basis, and choosing the frequency of future say-on-pay votes.
The proxy details a seven-member, mostly independent board with three key committees and a majority voting policy for uncontested director elections. It also outlines an insider trading and anti-hedging policy, a Dodd-Frank–compliant compensation clawback policy, and director and executive pay programs that mix salary, annual cash bonuses, and performance-based equity.
Townsquare Media EVP Scott Schatz reported open-market sales of Class A Common Stock. On March 20, he sold 21,090 shares at a weighted average price of $5.02 per share, with trades ranging from $5.00 to $5.13. On March 23, he sold 34,836 shares at a weighted average price of $5.25, within a range of $5.25 to $5.29. These sales total 55,926 shares. After the transactions, he holds 68,051 Class A-related interests, including 38,051 shares and 30,000 fully vested options, and 196,846 Class B-related interests, including 21,846 shares and 175,000 fully vested options.
TSQ submitted a Form 144 notice covering 4,836 Class A shares tied to restricted stock vesting on 03/18/2026. The filing also records recent open-market dispositions by Scott A. Schatz: 28,980 shares on 03/19/2026 for $147,088.84 and 21,090 shares on 03/20/2026 for $105,866.11.
TSQ submitted a Form 144 notifying the sale of 30,000 Class A shares (restricted stock vesting) with a trade date listed as 03/18/2026. The filing also discloses recent dispositions of 28,980 and 21,090 Class A shares on 03/19/2026 and 03/20/2026 respectively.
Townsquare Media EVP Scott Schatz reported a compensation grant and a stock sale in the company’s shares. On March 18, he received 84,906 shares of Class A common stock as a stock award that vests immediately. On March 19, he executed an open-market sale of 28,980 Class A shares at a weighted average price of $5.08 per share, with individual trades ranging from $5.00 to $5.26. After these transactions, he directly holds 123,977 Class A shares, which include 93,977 unrestricted shares and 30,000 fully vested options to purchase Class A stock, as well as 196,846 Class B shares, including 21,846 unrestricted Class B shares and 175,000 fully vested Class B options.
TSQ reported insider sales under Rule 144. The filing lists 21,090 Class A shares as restricted stock vesting on 03/18/2026 described as compensation, and shows 28,980 Class A shares sold on 03/19/2026. The seller listed is Scott A. Schatz with an address in Purchase, NY. The transaction was reported for NYSE-listed Class A shares.
Townsquare Media, Inc. describes itself as a community-focused, digital-first local media and marketing company operating mainly outside the top 50 U.S. markets. It runs three segments: Digital Advertising (Townsquare Ignite), Subscription Digital Marketing Solutions (Townsquare Interactive), and Broadcast Advertising, plus a smaller live events portfolio.
Digital revenue from Ignite and Interactive was $236.0 million in 2025, or 55% of net revenue, while Broadcast Advertising generated $183.4 million and Other (primarily live events) $8.0 million. The company owns 340 radio stations in 74 markets and more than 400 local websites and apps, supported by substantial first-party data and proprietary ad-tech.
Townsquare highlights a "Digital First" growth strategy, ongoing investment in technology, sales and content, and a large SMB-focused subscription TAM. It notes $433.0 million of debt outstanding as of December 31, 2025, capital expenditures of $15.2 million (3.6% of net revenue), and a workforce of 1,804 employees, while outlining extensive regulatory, macroeconomic, technology and AI-related risks.
Townsquare Media reported softer 2025 results but met its earlier guidance and highlighted continued strength in digital. Full-year net revenue was $427.4M, down 5.2%, while Adjusted EBITDA fell 12.2% to $88.1M. Net loss narrowed by $1.2M to $9.8M, helped by lower impairment charges and cost controls.
Digital operations are now the core of the business, contributing 55% of total net revenue and 56% of Segment Profit in 2025. Within this, Digital Advertising revenue grew 1.6% and Subscription Digital Marketing Solutions revenue slipped 0.7%, but Townsquare Interactive’s Segment Profit rose 17.4% with a strong 34% margin.
Broadcast Advertising remained under pressure, with 2025 net revenue down 12.6%, including an 8.0% decline excluding political. In Q4, net revenue declined 9.6% to $106.5M and the company swung to a net loss of $4.8M, as political advertising and tax benefits dropped and interest expense increased.
Despite higher interest costs, Townsquare generated $30.6M of cash flow from operations in 2025, used to fund digital investments, pay $13.2M in dividends, and reduce debt. Outstanding debt stood at $457.4M at year-end, implying roughly 5.1x net leverage. Since a February 2025 refinancing into a five-year $490M credit facility, the company has reduced debt by $22.6M.
The board approved a quarterly cash dividend of $0.20 per share, payable on May 4, 2026 to shareholders of record on April 27, 2026, which equates to an approximate 11% yield at the last closing price. Management plans to maintain this dividend, citing confidence in the digital strategy and free cash flow profile. For 2026, Townsquare expects net revenue between $420M and $440M and Adjusted EBITDA between $87M and $93M, implying broadly stable performance versus 2025 while continuing to focus on net leverage reduction.