ADDED
tsq-20251231 FALSE 2025 FY 0001499832 http://fasb.org/us-gaap/2025#AssetImpairmentCharges http://fasb.org/us-gaap/2025#AssetImpairmentCharges http://fasb.org/us-gaap/2025#AssetImpairmentCharges http://fasb.org/us-gaap/2025#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2025#PropertyPlantAndEquipmentNet http://www.townsquaremedia.com/20251231#AccruedExpensesandOtherCurrentLiabilities P3Y P3Y P1Y Contingencies The Company is involved in legal proceedings in which damages and claims have been asserted against us.
The Company believes that we have valid defenses to such proceedings and claims and intends to vigorously defend the Company.
Management does not believe that any such matters will have a material adverse effect on our financial position, results of operations, or liquidity.
The Company records a loss contingency if the potential loss from a proceeding or claim is considered probable and the amount can be reasonably estimated or a range of loss can be determined.
The Company provides disclosure when it is reasonably possible that a loss will be incurred in excess of any recorded provision.
As additional information becomes available, the Company reassesses prior determinations and may change its estimates.
Litigation is subject to many uncertainties, and the outcome of litigation is not predictable with assurance.
See definition of large accelerated filer, accelerated filer, smaller reporting company and emerging growth company in Rule 12b-2 of the Exchange Act.
As of March 9, 2026, the registrant had 17,105,113 outstanding shares of common stock consisting of: (i) 15,789,817 shares of Class A common stock, par value $0.01 per share; (ii) 815,296 shares of Class B common stock, par value $0.01 per share; and (iii) 500,000 shares of Class C common stock, par value $0.01 per share.
Management's Discussion and Analysis of Financial Condition and Results of Operations 38 Item 7A.
REMOVED
See definition of large accelerated filer , accelerated filer , smaller reporting company and emerging growth company in Rule 12b-2 of the Exchange Act.
As of March 11, 2025, the registrant had 16,119,198 outstanding shares of common stock consisting of: (i) 14,803,902 shares of Class A common stock, par value $0.01 per share, (ii) 815,296 shares of Class B common stock, par value $0.01 per share; and (iii) 500,000 shares of Class C common stock, par value $0.01 per share.
Management's Discussion and Analysis of Financial Condition and Results of Operations 37 Item 7A.
In 2024, we reached over 70 million unique visitors per month, on average, across our digital platform, 11 million listeners on a weekly basis across our radio platform, and 44 million social media followers across our local and national media brands.
We believe the investment in our original content strategy has contributed to a larger and more engaged online audience that is spending more time-consuming content on our websites and mobile apps, and a stable radio audience, in terms of both number of listeners and, importantly, time spent listening.
major media categories, excluding political, was forecasted to be $162 billion in 2024.
local advertising, excluding political, spending to increase 5.5% to $171 billion.
However, according to S P Global Market Intelligence, radio advertising was approximately 4% of all advertising dollars spent in the United States in 2024, while digital advertising solutions contributed approximately 70%.
According to S P Global Market Intelligence, it is estimated that digital advertising will grow to represent approximately 80% of all advertising spend in 2029.
Our Digital revenue, comprised of our Digital Advertising segment and our Subscription Digital Marketing Solutions segment, was $234.0 million in 2024 and $232.5 million in 2023, comprising 52% and 51% of our total net revenue, respectively.