Business Daily.
.
A+ R A-

Townsquare Media Announces Sale of 43 Towers

E-mail Print PDF
GREENWICH, Conn.--(BUSINESS WIRE)--Townsquare Media, Inc. (NYSE:TSQ) (the “Company”) today announced that it has entered into an agreement to sell 43 towers to a subsidiary of Vertical Bridge Holdings, LLC for approximately $22.8 million in cash, subject to closing adjustments (the “Tower Sale”). The Company will retain ownership of more than 250 towers following the Tower Sale. “We are very excited to complete this transaction which will allow us to unlock capital sequestered in non-strategic

imageimage
Grow Your Business with Times Media
Business Daily Media