Following this transaction, Schatz retains 31,366 shares of Class A common stock. In addition to his holdings in Class A stock, Schatz also holds 218,833 shares of Class B common stock. This includes 21,846 shares that are not subject to vesting or transfer restrictions, and 196,987 options to purchase Class B common stock that are fully vested and unrestricted. The $143 million market cap company offers an attractive 8.4% dividend yield, and InvestingPro analysis reveals 7 additional key insights about TSQ's financial health and growth prospects. Get the complete picture with InvestingPro's comprehensive research report, available for 1,400+ US stocks. The $143 million market cap company offers an attractive 8.4% dividend yield, and InvestingPro analysis reveals 7 additional key insights about TSQ's financial health and growth prospects. Get the complete picture with InvestingPro's comprehensive research report, available for 1,400+ US stocks. Following this transaction, Schatz retains 31,366 shares of Class A common stock.
In addition to his holdings in Class A stock, Schatz also holds 218,833 shares of Class B common stock. This includes 21,846 shares that are not subject to vesting or transfer restrictions, and 196,987 options to purchase Class B common stock that are fully vested and unrestricted.
In other recent news, Townsquare Media (NYSE:TSQ) announced a new stock repurchase plan of up to $50 million, replacing a similar plan set to expire in 2024. This move follows past repurchase activities that saw approximately $40.5 million worth of stock bought back in the previous three years. The specifics of the repurchase transactions will be determined based on various market and economic conditions.
In recent developments, Townsquare Media reported a minor increase in net revenue to $115.3 million in its Q3 2024 earnings call, with digital revenue accounting for 52% of the total. The company's digital advertising segment, which grew by 5%, and programmatic advertising, which increased by 10%, were key growth drivers. Despite a decline in national broadcast advertising, Townsquare Interactive is projected to show year-over-year revenue growth in Q4.
The company also announced plans for debt refinancing in early 2025, anticipating favorable interest rate shifts. This development comes alongside a strong cash flow that led to $24 million in share buybacks and $36 million in bond buybacks. A partnership with SummitMedia for a white-label digital programmatic advertising solution is also expected to ramp up in 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.