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Thursday, March 30, 2017

Townsquare Media Announces Q4 2016 Net Revenue Up 5.8%

Monday, March 13, 2017
Mar 13th 2017, 12:38, by TALKERS
Townsquare Media Announces Q4 2016 Net Revenue Up 5.8%; Up 3% for 2016 on Pro Forma Basis.  Those numbers are for the company as a whole.  Townsquare Media breaks its quarterly financial reports into two segments: Local Marketing Solutions (including broadcast and digital products) and Entertainment (live event experiences and music and lifestyle content directly to consumers, and promotion, advertising and product activations).  For the fourth quarter of 2016, Townsquare Media reports the Local Marketing Solutions segment's net revenue was $119.5 million – an increase of 5.1% on an actual basis.  For all of 2016 on a pro forma basis (pro forma for the acquisition of NAME and the divestiture of 43 of its towers on September 1, 201), the segment's net revenue was $342.2 million – also up 5.1%.  For the company as a whole, 2016 pro forma net revenue was $516.9 million, an increase of 3% over all of 2015.  Townsquare chairman and CEO Steven Price adds, "In 2016, we delivered net revenue, net income and Adjusted EBITDA growth of 17%, 127% and 9%, respectively.  On a pro forma basis, net revenue growth of 3.0% was driven by the strong performance of our local products and offerings within our Local Marketing Solutions segment, where pro forma net revenue increased 5.1% over the prior year.  This year we focused on strengthening our balance sheet; through EBITDA growth and debt repayment we reduced net leverage from 5.5x at the start of the year, to 4.9x at year end."

2017 TALKERS Heavy Hundred of Sports Talk to Be Published Today at 2:00 pm ET.. The fifth annual ranking of the 100 Most Important Sports Talk Radio Hosts in America will be published by TALKERS magazine today (3/13) at 2:00 pm ET. This annual list is compiled and ranked by the editors of TALKERS magazine – with input from industry leaders. As with our publication's "sister list," the 100 Most Important Talk Radio Hosts in America, the criteria are a number of hard factors – including ratings and revenue – as well as such soft factors as talent, recognition, impact, service and more. Executive editor Kevin Casey states, "This annual ranking of the most important sports talk radio hosts is one of the most difficult – but enjoyable – projects we undertake at TALKERS. The reason for that is the partially subjective nature of the criteria combined with the enormous number of talented and successful sports talk hosts working in America. Paring that pool of talent down to 100 is no easy task!" Casey also notes that TALKERS will be publishing the 2017 Heavy Hundred of News/Talk Radio in April.
Trump's Obama Wiretapping Accusations, Trumps Fires Preet Bharara, GOP Health Care Plan, the "Deep State" concept, Trump-Russia Connection, North Korea Threats, NCAA Men's Basketball Tournament Among Top News/Talk Stories Over the Weekend.  President Donald Trump's accusation the Obama Administration order the wiretapping of Trump Tower; President Trump fires U.S. Attorney Preet Bharara after Bharara refused to resign in accordance with the administration's request that he and 45 other U.S. Attorneys do so; questions about what the GOP-engineered replacement of the Affordable Care Act will entail; talk about the existence of a "Deep State" that operates the government behind the scenes; Democrats' wishes to appoint a special prosecutor to investigate the possible connection between Russian agents and the Trump campaign; the growing nuclear missile capabilities of North Korea; and the Sunday afternoon revelation of the teams making the 2017 NCAA Men's Basketball Tournament were some of the most-talked-about stories on news/talk radio over the weekend, according to ongoing research from TALKERS magazine.