IHRTQ - Townsquare Media - Delving Into Divestment Numbers
In a recent article I discussed the potential for significant upside with Townsquare Media (TSQ) at these levels due to certain catalysts: deleveraging, the initiation of dividend payments, and divestment from their live events segment. I've decided to devote this article in particular to the third catalyst, seeing as how you can make a strong argument that the other two are highly dependent on it and because I believe it presents the most upside for TSQ.
Background & Segment Comparison
TSQ operates in two segments. The Local Marketing Solutions segment comprises ~65% of