Townsquare Media plans initial public offering

Townsquare Media LLC, owner of 15 radio stations in Northern Colorado and Wyoming, filed with the Securities and Exchange Commission on Tuesday for an initial public offering.

The Greenwich, Conn.-based company, which owns 312 stations nationwide, stated in its filings that it intends to raise up to $143.8 million. Its stock would be listed on the New York Stock Exchange under the ticker symbol TSQ.

Pat Kelley, general manager of Townsquare’s Northern Colorado office, said he didn’t have many details about what effects the IPO might have locally and declined to say how many people the company employs in Northern Colorado.

“Right now it’s business as usual,” Kelley said.

Townsquare owns four Northern Colorado-based stations KKPL-FM 99.9, KMAX-FM 94.3, KTRR-FM 102.5 and KUAD-FM 99.1. The company was known as Regent Communications prior to filing for bankruptcy protection in 2010. In addition to the radio stations, Townsquare also owns a concert and live events arm in Northern Colorado.

In Wyoming, Townsquare owns stations in three markets – Casper, Cheyenne and Laramie.

Its Casper stations include KKTL-AM 1400, KTWO-AM 1030, KRNK-FM 96.7, KRVK-FM 107.9, KTRS-FM 104.7 and KWYY-FM 95.5.

In Cheyenne, the company owns KIGN-FM 101.9, KLEN-FM 106.3 and KGAB-AM 650.

And in Laramie, it owns KCGY-FM 95.1 and KOWB -AM 1290.

Bob Price, general manager for Casper and Cheyenne, could not be reached for comment.


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