MSG Entertainment Exits Townsquare Media Filing

TL;DR

MSG Ent. is out of its TSQ filing, likely sold its stake.

AI Summary

Madison Square Garden Entertainment Corp. (MSG Entertainment) has filed an amendment to its Schedule 13D, indicating an exit from its previous filing regarding Townsquare Media, Inc. (TSQ). This filing, dated April 3, 2024, signifies a change in MSG Entertainment's reporting status concerning Townsquare Media, Inc. The specific details of the exit or any prior holdings are not elaborated upon in this excerpt.

Why It Matters

This filing indicates a change in the relationship or reporting obligations between MSG Entertainment and Townsquare Media, potentially signaling a divestment or shift in strategic interest.

Risk Assessment

Risk Level: low — The filing is an administrative update and does not present new financial risks.

Key Players & Entities

• Madison Square Garden Entertainment Corp. (company) — Filing entity
• Townsquare Media, Inc. (company) — Subject company
• MSG Entertainment (company) — Abbreviated name for Madison Square Garden Entertainment Corp.
• TSQ (company) — Ticker symbol for Townsquare Media, Inc.

FAQ

Key Financial Figures

• $0.01 — suer) Class A Common Stock, par value $0.01 per share (Title of Class of Securiti
• $9.76 — s of Class A Common Stock at a price of $9.76 per share to the Issuer pursuant to the
• $12.27 — ities, Inc. Open Market Sale 12,933 $12.27 $ 12.15 -$12.46
• $12.46 — arket Sale 12,933 $12.27 $ 12.15 -$12.46

Filing Documents

• d539682dsc13da.htm (SC 13D/A) — 71KB
• d539682dex992.htm (EX-99.2) — 35KB
• 0001193125-24-086285.txt ( ) — 108KB

From the Filing

SC 13D/A 1 d539682dsc13da.htm SC 13D/A SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 3 Exit Filing)* Townsquare Media, Inc. (Name of Issuer) Class A Common Stock, par value $0.01 per share (Title of Class of Securities) 892231-10-1 (CUSIP Number) Philip DAmbrosio Executive Vice President & Treasurer Madison Square Garden Entertainment Corp. Two Pennsylvania Plaza New York, NY 10121 (212) 465-6000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 1, 2024 (Date of Event Which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 892231-10-1 1 NAMES OF REPORTING PERSONS Madison Square Garden Entertainment Corp. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)(b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) N/A (See Item 3) 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States (Delaware) NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 0 8 SHARED VOTING POWER 195,206 (1) 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 195,206 (1) 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 195,206 (1) 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.2% (1) 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO (1) This calculation is based on 15,818,046 shares of Class A Common Stock, par value $0.01 per share (the Class A Common Stock), of Townsquare Media, Inc., a Delaware corporation (the Issuer), outstanding as of March 12, 2024, as described in the Annual Report on Form 10-K of the Issuer filed with the Securities and Exchange Commission (the Commission) on March 15, 2024. CUSIP No. 892231-10-1 1 NAMES OF REPORTING PERSONS MSG Entertainment Holdings, LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)(b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) N/A (See Item 3) 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States (Delaware) NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 0 8 SHARED VOTING POWER 195,206 (1) 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 195,206 (1) 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 195,206 (1) 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.2% (1) 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO (1) This calculation is based on 15,818,046 shares of Class A Common Stock of the Issuer outstanding as of March 12, 2024, as described in the Annual Report on Form 10-K of the Issuer filed with the Commission on March 15, 2024. CUSIP No. 892231-10-1 1 NAMES OF REPORTING PERSONS MSG National Properties, LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)(b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) N/A (See Item 3) 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States (Delaware) NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 0 8 SHARED VOTING POWER 195,206 (1) 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 195,206 (1) 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 195,206 (1) 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF

View Full Filing

View this SC 13D/A filing on SEC EDGAR