Townsquare Media offers a high dividend yield of 7.32% and trades at a discount to its underlying value. While considered to be a radio stock, Townsquare's main business is digital advertising and media, not terrestrial radio. It may take time, but whether through strategic alternatives or through a continuation of return-of-capital efforts, TSQ could ultimately bridge the valuation gap.
Townsquare Media (TSQ) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.18 per share a year ago.