Transcribed

The InFOCUS Podcast: Stu Rosenstein

Dec 5, 2024 · 14m 47s
The InFOCUS Podcast: Stu Rosenstein
Description

How does the Chief Financial Officer of Townsquare Media view his company's potential revenue intake from digital advertising in the coming quarters? "The sky's the limit," he told attendees of...

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How does the Chief Financial Officer of Townsquare Media view his company's potential revenue intake from digital advertising in the coming quarters? "The sky's the limit," he told attendees of the BofA Securities Leveraged Finance Conference, held at the Boca Raton Resort in Palm Beach County, Fla., on December 3.

Stu Rosenstein also shared that a Term Notes issuance is coming, telling institutional investors in attendance, "You guys should look at as as a 'sleep at night' loan," he said, adding that the "Local First" media company heavy on programmatic and local digital solutions will be paying down debt monthly with the bank loan of approximately $460 million — in the works for January 2025 — and that Townsquare's debt leverage at the start would be at 4.6x.


Free Cash Flow and Capital Expeditures were also part of a discussion that saw CEO Bill Wilson chime in on his expectations from a forthcoming Brendan Carr-led FCC, and we're pleased to offer highlights from the company's presentation in this InFOCUS Podcast, presented by dot.FM.
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Author Streamline Publishing
Organization iHeartRadio
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