The Capital Management stakes 14.6% in Townsquare Media (NASDAQ: TSQ)

Rhea-AI Filing Summary

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.

Insights

Corporate Governance Analyst

Large passive ownership stake reported by an institutional holder.

The filing shows The Capital Management Corporation holds 2,494,607 shares, equal to 14.6% of Townsquare Media common stock, with sole voting and dispositive powers largely aligned. That level of ownership typically gives the holder visibility and potential influence over governance matters.

Dependencies include any changes in holdings disclosed later and whether the holder acts independently or on behalf of clients; subsequent amendments would clarify intent or voting plans. Future filings may show increases, decreases, or statements of purpose.

Key Figures

Report date: 03/31/2026 Shares beneficially owned: 2,494,607 shares Percent of class: 14.6% +2 more

5 metrics

Report date 03/31/2026 Ownership data as of this date

Shares beneficially owned 2,494,607 shares Amount reported by The Capital Management Corporation

Percent of class 14.6% Percentage of Townsquare Media common stock reported owned

Sole voting power 2,486,157 shares Shares with sole power to vote

Sole dispositive power 2,494,607 shares Shares with sole power to dispose

Key Terms

beneficially owned, sole dispositive power, Schedule 13G

3 terms

beneficially owned regulatory

"Amount beneficially owned: 2,494,607"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole dispositive power regulatory

"Sole power to dispose or to direct the disposition of: 2,494,607"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Schedule 13G regulatory

"Item 1. Name of issuer: Townsquare Media, Inc."

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Townsquare Media, Inc.

(Name of Issuer)

Common

(Title of Class of Securities)

892231101

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 892231101

1

Names of Reporting Persons

The Capital Management Corporation

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

VIRGINIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 2,486,157.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,494,607.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,494,607.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

14.6 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Townsquare Media, Inc.
(b)	Address of issuer's principal executive offices: 4 Manhattanville Road, Suite 107, Purchase, NY 10577
Item 2.
(a)	Name of person filing: Pamela C. Simms, Compliance Officer The Capital Management Corporation
(b)	Address or principal business office or, if none, residence: 4101 Cox Road, Suite 110 Glen Allen, VA 23060
(c)	Citizenship: USA
(d)	Title of class of securities: Common
(e)	CUSIP Number(s): 892231101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 2,494,607
(b)	Percent of class: 14.6 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 2,486,157
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 2,494,607
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

The Capital Management Corporation

Signature:	Pamela C. Simms
Name/Title:	Compliance Officer
Date:	04/02/2026

FAQ

What stake does The Capital Management Corporation report in TSQ?

The filer reports 2,494,607 shares, representing 14.6% of Townsquare Media's common stock. The filing also shows sole voting power for 2,486,157 shares and sole dispositive power for 2,494,607 shares.

Who signed the Schedule 13G for Townsquare Media (TSQ)?

The filing is signed by Pamela C. Simms, Compliance Officer for The Capital Management Corporation, dated 04/02/2026. The document lists the filer’s business address in Glen Allen, Virginia.

Does the filing indicate shared voting or dispositive power for the shares?

No. The Schedule 13G reports 0 shared voting power and 0 shared dispositive power; all reported voting and dispositive powers are listed as sole powers for the filer.

Is the 14.6% stake considered passive under Schedule 13G rules?

The filing type is Schedule 13G, which is typically used for passive investors; the document itself does not state the filer’s intent beyond ownership and voting/dispositive powers in the provided excerpt.

How current are the ownership figures in the filing?

The ownership amounts are reported as of 03/31/2026 in the excerpt, with the Schedule 13G signed on 04/02/2026. Those dates anchor the 2,494,607 shares and 14.6% figures.