Townsquare repurchases 1.5M shares from MSG at $9.76 (11% discount), reaffirms FY2024 guidance

Townsquare Media, Inc.

Repurchased 1.5M shares (just under 10% of outstanding) from MSG at $9.76/share, an 11% discount to March 28 close.
Purchase price of $14.6M funded with cash on hand; post-transaction shares outstanding ~15.2M and cash balance ~$40M.
Pro forma cash flow from operations per basic share increases to ~$4.47 from ~$4.07, representing ~10% accretion.
Reaffirmed Q1'24 net revenue guidance $98.5M-$100M and Adj. EBITDA $17.5M-$18.5M; FY24: $440M-$460M and $100M-$110M.
Since 2021, Townsquare has repurchased 16.2M shares at avg $7.19 while reducing leverage; recently increased dividend by 5%.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.