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Townsquare Media Intends to Go Public

Radio group files registration statement for proposed initial public offering

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.

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