Townsquare is a media and digital marketing company that serves small businesses and local advertisers primarily in mid-sized and smaller U.S. markets outside the top 50. The company operates three core businesses: a digital advertising platform combining proprietary programmatic technology with owned websites and mobile apps; a subscription-based SaaS platform offering website design, SEO, e-commerce, and marketing tools to small and medium-sized businesses; and a large radio station portfolio across numerous local markets. The company generates revenue through advertising sales to local and regional businesses in automotive, healthcare, food and beverage, and other sectors, as well as recurring monthly subscriptions from its SMB digital marketing platform, while operating a capital-light model focused on leveraging local content and digital distribution to reach communities underserved by national media.