Home Login RADIO ONLINE RSS Facebook
Advertisement

Townsquare Media Filing with FCC Explains Ownership Changes


Townsquare Media
Townsquare Media

In a filing with the FCC, Townsquare Media, which is controlled by entities related to Oaktree Capital Group, revealed that Oaktree is in the process of implementing an merger agreement with Brookfield Asset Management, who is acquring 62% of Oaktree. The $4.8 billion deal announced in March would keep control of the radio group under the same three individuals. The filing contained multiple flow charts to explain changes to the ownership structure of the radio group's major stakeholder.

According to the filing, one entity in the Oaktree portion of Townsquare's ownership structure will be removed and replaced by two new entities. Specifically Oaktree AIF Holdings, Inc. (transferer) will be removed and replaced by Oaktree AIF Investments, and its immediate parent, Atlas OCM Holdings. There will be no changes in the ownership of any indirect or direct subsidiaries of transferee said the filing.

Following consummation of the changes proposed in the company's FCC application, the same three individuals will remain in control of Townsquare Media and its various subsidiaries. In total, the application is one of 69 being filed -- one for each Townsquare licensee entity. All 69 applications are identical except for the name of the licensee and the radio stations licensed to the 69 respective licensees.

Howard Marks and Bruce Karsh will remain co-chairs of Oaktree, which has a 52% stake in Townsquare Media.

Advertisement

Latest Radio Stories

IBA to Officially Form Organization Within Next Two Weeks
The Independent Broadcasters Association
The Independent Broadcasters Association
The Independent Broadcasters Association (IBA) is officially forming the organization within the next two weeks. Ron Stone said, "We have 496 owners and operators representing just under 3,000 stations that have signed up supporting the idea of the More

WWCD (CD102.5)/Columbus OH Names Laura Lee Interim PD
Laura Lee
Laura Lee
Laura Lee joins Alternative WWCD-FM (CD102.5) Columbus, OH as Interim Program Director and midday host, effective Monday, July 13. She replaces APD Rachael Gordon in middays, who resigned after 15 years with the station. Lee previously served as PD More

Mark Hamlin Exits Midwest Communications Kalamazoo as OM
Mark Hamlin
Mark Hamlin
Midwest Communications/Kalamazoo, MI Operations Manager Mark Hamlin exits the five-station cluster after five years over the COVID-19 pandemic. Prior to joining the Michigan Group, Hamlin was PD/afternoon host at Country WFMS-FM/Indianapolis. More
Advertisement

Report: Former Blaze Radio Host Jay Severin Dead at 69
Jay Severin
Jay Severin
Sad to report that longtime conservative radio personality Jay Severin has died after a battle with cancer, reports TheBlaze. He was 69. Severin was a veteran and former host on TheBlaze Radio Network's national platform in afternoons. The More

RAB Campaign Promotes Trust & Truth with New Audio Assets
Radio Advertising Bureau
Radio Advertising Bureau
Given the recent Facebook boycott and continuous concerns regarding brand safety, transparency and trusted environments for advertising, the Radio Advertising Bureau (RAB) is providing the tools that reinforce to the advertising community and More

Sports Radio 104.3 The Fan/Denver Adds Nate Jackson On-Air
Nate Jackson
Nate Jackson
Nate Jackson joins Bonneville Sports KKFN-FM (Radio 104.3 The Fan)/Denver as an air talent. He will be heard across all of the station's programs as a contributor and fill-in host, in addition to contributing digital content at 1043TheFan.com. More

Return to Menu

Advertisement

Subscribe to our Newsletter
Radio news and headlines delivered right to your e-mail box -- and it's free.

Advertisement

Advertisement