TSQ’s Fall Faith: Lower Leverage, Better Guidance


Yes, direct operating expenses at Townsquare Media rose in Q3.

Nevertheless, analysts and investors alike — along with radio industry cheerleaders looking for a strong start to the quarterly earnings season — will likely be energized by the media company’s performance for the three months ending Sept. 30.

Net leverage is down — way down. At the same time, the company’s 2019 guidance is now higher — way higher.

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