American Century Amends TSQ Stake, Passive Investment Update

TL;DR

**American Century updated their passive stake in Townsquare Media as of year-end 2023.**

AI Summary

American Century Investment Management Inc. has filed an amended SC 13G/A for Townsquare Media, Inc. (TSQ), indicating a change in their ownership of Class A Common Stock as of December 31, 2023. This filing, Amendment No. 4, updates their previous disclosures regarding their passive investment in the radio broadcasting company. This matters to investors because it provides transparency into significant institutional ownership changes, which can influence stock perception and liquidity.

Why It Matters

Changes in institutional ownership can signal shifts in investor confidence or strategy, potentially impacting Townsquare Media's stock price and trading volume.

Risk Assessment

Risk Level: low — This is a routine amendment to a passive investment filing, indicating no immediate or significant risk to investors.

Analyst Insight

Investors should note this routine update from a significant institutional holder, but without specific share count changes, it primarily serves as a transparency update rather than a direct buy/sell signal.

Key Players & Entities

• American Century Investment Management Inc. (company) — the entity filing the SC 13G/A
• Townsquare Media, Inc. (company) — the subject company whose securities are being reported
• December 31, 2023 (date) — the date of the event requiring this filing
• Class A Common Stock (other) — the type of securities held by the reporting person
• 892231101 (other) — the CUSIP number for Townsquare Media, Inc.'s Class A Common Stock

FAQ

From the Filing

0000052388-24-000093.txt : 20240212 0000052388-24-000093.hdr.sgml : 20240212 20240212114731 ACCESSION NUMBER: 0000052388-24-000093 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20240212 DATE AS OF CHANGE: 20240212 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Townsquare Media, Inc. CENTRAL INDEX KEY: 0001499832 STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832] ORGANIZATION NAME: 06 Technology IRS NUMBER: 271996555 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-88259 FILM NUMBER: 24618341 BUSINESS ADDRESS: STREET 1: 1 MANHATTANVILLE ROAD, SUITE 202 CITY: PURCHASE STATE: NY ZIP: 10577 BUSINESS PHONE: 203-861-0900 MAIL ADDRESS: STREET 1: 1 MANHATTANVILLE ROAD, SUITE 202 CITY: PURCHASE STATE: NY ZIP: 10577 FORMER COMPANY: FORMER CONFORMED NAME: Townsquare Media, LLC DATE OF NAME CHANGE: 20100824 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN CENTURY INVESTMENT MANAGEMENT INC CENTRAL INDEX KEY: 0000052388 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 440640487 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 4500 MAIN STREET CITY: KANSAS CITY STATE: MO ZIP: 64111 BUSINESS PHONE: 816-531-5575 MAIL ADDRESS: STREET 1: 4500 MAIN STREET CITY: KANSAS CITY STATE: MO ZIP: 64111 FORMER COMPANY: FORMER CONFORMED NAME: INVESTORS RESEARCH CORP DATE OF NAME CHANGE: 19920929 SC 13G/A 1 townsquaremedia13g-a4.htm SC 13G/A Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 4) * TOWNSQUARE MEDIA, INC. (Name of Issuer) CLASS A COMMON STOCK (Title of Class of Securities) 892231101 (CUSIP Number) DECEMBER 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: X    Rule 13d-1(b) ☐     Rule 13d-1(c) ☐     Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in 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). Page 1 of 9 Pages CUSIP No. 892231101 1. Names of Reporting Persons American Century Capital Portfolios, Inc. 2. Check the Appropriate Box if a Member of a Group (See Instructions) a) ☐ b) ☐ 3. SEC Use Only 4. Citizenship or Place of Organization Maryland   5. Sole Voting Power 670,000 Number of Shares Beneficially 6.   Shared Voting Power  N/A Owned by     Each Reporting Person With: 7.   Sole Dispositive Power 670,000   8.   Shared Dispositive Power N/A 9. Aggregate Amount Beneficially Owned by Each Reporting Person 670,000 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐ 11. Percent of Class Represented by Amount in Row (9) 4.90% 12. Type of Reporting Person (See Instructions) IV Page 2 of 9 Pages CUSIP No. 892231101 1. Names of Reporting Persons American Century Investment Management, Inc. 2. Check the Appropriate Box if a Member of a Group (See Instructions) a) ☐ b) ☐ 3. SEC Use Only 4. Citizenship or Place of Organization Delaware   5. Sole Voting Power 863,327 Number of Shares Beneficially 6.   Shared Voting Power  N/A Owned by     Each Repor