At 8am Eastern on Monday, March 16, Townsquare Media conducted its fourth quarter and full-year 2019 earnings call for Wall Street analysts under the most unexpected circumstances. COVID-19 pandemic fears have upended life in New York City, where Townsquare maintains a major national operations center.
The media company has exposure in the live events arena, albeit a smaller one than that when Townsquare was led by former CEO Steven Price. It will impact Townsquare, now led by CEO Bill Wilson.
That said, investors may wish to focus on the recent past and the long-term future when assessing where Townsquare stands against its peers. The company’s Q4 results were strong. For Q1 2020 and beyond? “We will make the necessary plans and adjustments” as the impact from the novel coronavirus remains uncertain.
