BOCA RATON, FLA. — On first glance, one would declare that Townsquare Media, which focuses on local media centered around its radio brands in small and medium-sized markets, had a mixed quarter.
Ex-political, net revenue was up — even when factoring in the summer 2018 purchase of WPST-FM in Trenton, N.J. But, adjusted net income was down.
There’s one big reason for this, CEO Bill Wilson revealed during his company’s Q1 earnings call.
