Townsquare Media repurchases 1.5M shares from MSG at 8.5% discount for $14.6M

Townsquare Media, Inc.

Repurchased 1.5M Class C shares from MSG National Properties at $9.70/share, total $14.6M.
Purchase price reflects 8.5% discount to Class A closing price on June 15, 2023.
Repurchase covers ~8.5% of total shares outstanding; immediately accretive to shareholders.
MSG's remaining ownership: 583,139 Class A + 1,125,000 Class C shares.
Funded with cash on hand; company continues to support dividend and invest in digital growth.

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