SCHEDULE 13G/A: BlackRock Discloses 5.0% Passive Stake in Townsquare Media, Inc.
Schedule 13G Amendment
BlackRock, Inc. has filed an amended Schedule 13G, reporting a 5.0% beneficial ownership stake in Townsquare Media, Inc.'s Class A Stock as of March 31, 2025.
Summary
- BlackRock, Inc. has filed an Amendment No. 1 to its Schedule 13G regarding its beneficial ownership in Townsquare Media, Inc.'s Class A Stock.
- As of March 31, 2025, BlackRock, Inc. beneficially owns an aggregate of 739,906 shares of Townsquare Media, Inc. Class A Stock.
- This ownership represents 5.0% of the Class A Stock outstanding.
- BlackRock holds sole voting power over 733,261 shares and sole dispositive power over 739,906 shares.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
- Several BlackRock subsidiaries, including BlackRock Advisors, LLC, BlackRock Financial Management, Inc., BlackRock Fund Advisors, BlackRock Institutional Trust Company, National Association, and BlackRock Investment Management, LLC, are identified as entities that may beneficially own 5% or greater of the outstanding shares.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of ownership, providing neutral information without expressing positive or negative sentiment about the issuer's performance or outlook.
Positives
- BlackRock, a major institutional investor, maintaining a 5.0% stake could be seen as a vote of confidence in Townsquare Media, Inc.
Future Outlook
NA
Industry Context
This filing indicates a significant, passive investment by a leading global asset manager in a media company, reflecting ongoing institutional interest in the sector.
Stakeholder Impact
- Shareholders: BlackRock's continued significant stake may signal institutional confidence in the company, potentially influencing other investors.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Date of previous Power of Attorney revoked by the new one. |
| 2025-01-21 | Effective date of the new Power of Attorney for BlackRock's attorneys-in-fact. |
| 2025-03-31 | Date of event which requires filing of this statement (reporting period end date for ownership calculation). |
| 2025-04-25 | Date of filing of this Schedule 13G Amendment No. 1. |
Keywords
BlackRock, Townsquare Media, Schedule 13G, Beneficial Ownership, Class A Stock, Institutional Investor, Passive Investment, SEC Filing, Media Company
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