Townsquare says it has completed its acquisition of Millennium Radio adding 11 radio stations, a statewide news network and related websites in 3 New Jersey markets. Townsquare CEO Steven Price (pictured) says "The acquisition of Millennium is consistent with our strategy of owning market leading media properties in small and mid-sized markets. We are excited to continue to add premier assets to our portfolio including, New Jersey?s leading talk radio station, WKXW 101.5. The strength and depth of the Millennium team is an excellent addition to Townsquare Media and we are excited to add new advertisers and to broaden our audience reach."
With the Millennium operations, Townsquare Media now owns 176 radio stations and related websites in 38 markets, making it the fourth largest owner of radio stations in the United States. Upon closing of the pending Double O transaction, Townsquare Media will own 202 radio
stations and related websites in 43 markets.
Zoe Burdine-Fly, who joined Millennium on July 20, 2011 from her previous role as Market Manager of Townsquare Media?s Flint station cluster, will continue to oversee the Millennium operations and will report to Erik Hellum, Executive Vice President, Radio for Townsquare Media. Funds controlled by Oaktree Capital Management will continue to be the majority equity holder of Townsquare Media.
