Townsquare Media Shares Rise on Stock Repurchase Program

Dow Jones

2024-12-12

By Sabela Ojea

Shares of Townsquare Media rose after the company said that it is buying back company shares worth $50 million.

The stock was up 6.4% to $10.70 in post-market trading. Through Wednesday's close, shares have fallen 4.7% so far this year.

The owner and operator of a diversified group of radio, digital, marketing services said that its board of directors on Tuesday approved the stock repurchase program.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

December 11, 2024 17:49 ET (22:49 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Through Wednesday's close, shares have fallen 4.7% so far this year. \n\n\n  The owner and operator of a diversified group of radio, digital, marketing services said that its board of directors on Tuesday approved the stock repurchase program. \n\n\n \n\n\n  Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 11, 2024 17:49 ET (22:49 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}