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Townsquare Media reports $110.9 million in Q3 net revenue and announces suspension of dividends

The Motley Fool +1 · ·by G4L

TSQ
TSQ Townsquare Media Inc
$1.56 -10.86%
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  1. 1Townsquare Media's Q3 net revenue growth exceeded 4% compared to the same period last year.
  2. 2Townsquare Media suspended quarterly dividends to repay debt and secure liquidity.
  3. 3Townsquare's Q3 digital advertising revenue growth is over 13% compared to the same period last year.

So what's the key point?

Townsquare Media's Q3 revenue increased by more than 4% from last year. The company stopped paying dividends to shareholders to pay off debt and raise cash.

Source The Motley Fool +1 · View original ↗

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