Townsquare Media discloses material weakness in internal controls as of Dec 31, 2021

Townsquare Media, Inc.

Control deficiency: inadequate documentation of software functionality testing for automation system log.
Management and BDO USA LLP opinions on internal control effectiveness no longer reliable.
No material misstatements in financial statements; amendments to 10-K and 10-Q expected in August 2022.
Remediation plan initiated; effectiveness evaluation scheduled for Q3 and Q4 2022.

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