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TOWNSQUARE ACQUIRING LOCAL MEDIA ASSETS FROM CHERRY CREEK - Vimarsana News

TOWNSQUARE ACQUIRING LOCAL MEDIA ASSETS FROM CHERRY CREEK

/PRNewswire/ -- Townsquare Media, Inc. (NYSE: TSQ) ("Townsquare", the "Company," "we," "us," or "our") announced today that it has executed definitive...

Townsquare Buys Cherry Creek Media - Vimarsana News

Townsquare Buys Cherry Creek Media

TOWNSQUARE MEDIA is acquiring CHERRY CREEK MEDIA's radio stations for $18.75 million, The deal will bring CHERRY CREEK's 43 radio stations in nine markets to TOWNSQUARE, which already owns 321 stations in 67 markets. In the deal, TOWNSQUARE will divest six stations in MISSOULA, MT to ANDERSON BROADCASTING and nonprofits LEGACY BROADCASTING and MISSOULA COMMUNITY RADIO, and will spin two stations in RICHLAND-PASCO-KENNEWICK, WA (TRI-CITIES) to a divestiture trust.“The dedication and ...