March 19. That’s the critical date that many historians decades from now will turn to when studying the COVID-19 Pandemic of 2020-2021, and the first economic challenges brought on by the novel coronavirus’ spread across the U.S.
At Townsquare Media, that day signifies when the balloon popped for CEO Bill Wilson and CFO Stu Rosenstein. The first quarter was fantastic. Then, to quote John Winger in the classic comedy Stripes, depression set in.
When Townsquare emerges from the COVID-19 financial funk could be weeks, rather than months, however.