Townsquare Media Intends to Go Public

Radio group files registration statement for proposed initial public offering
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Privately held Townsquare Media intends to file for an initial public offering of stock to the public.

The radio group told the Securities & Exchange Commission that the number of shares to be offered and the price range for the offering have not yet been determined.

The company hopes to raise approximately $148 million.

Townsquare owns 312 radio stations and 325 local websites; it operates in 66 small- to medium-size markets.