MSG Entertainment Files SC 13D/A for Townsquare Media

TL;DR

MSG Ent. filing on Townsquare Media stock - ownership change incoming.

AI Summary

This SC 13D/A filing from Madison Square Garden Entertainment Corp. (MSG Entertainment) on March 5, 2024, indicates a change in beneficial ownership for Townsquare Media, Inc. The filing is an amendment, suggesting previous filings were made. Specific details on the nature of the change or the entities involved are not fully elaborated in the provided text, but it pertains to Class A Common Stock.

Why It Matters

This filing signals a potential shift in control or significant investment in Townsquare Media, Inc., which could impact its stock performance and strategic direction.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate significant stake-building or activist investor activity, which can lead to volatility.

Key Players & Entities

• Madison Square Garden Entertainment Corp. (company) — Filer of the SC 13D/A
• Townsquare Media, Inc. (company) — Subject company of the SC 13D/A
• MSG ENTERTAINMENT HOLDINGS, LLC (company) — Group member related to MSG Entertainment
• MSG NATIONAL PROPERTIES, LLC (company) — Group member related to MSG Entertainment

FAQ

From the Filing

0001193125-24-059394.txt : 20240305 0001193125-24-059394.hdr.sgml : 20240305 20240305170649 ACCESSION NUMBER: 0001193125-24-059394 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240305 DATE AS OF CHANGE: 20240305 GROUP MEMBERS: MSG ENTERTAINMENT HOLDINGS, LLC GROUP MEMBERS: MSG NATIONAL PROPERTIES, LLC 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 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-88259 FILM NUMBER: 24722094 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: Madison Square Garden Entertainment Corp. CENTRAL INDEX KEY: 0001952073 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 920318813 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: TWO PENNSYLVANIA PLAZA CITY: NEW YORK STATE: NY ZIP: 10121 BUSINESS PHONE: (212) 465-6000 MAIL ADDRESS: STREET 1: TWO PENNSYLVANIA PLAZA CITY: NEW YORK STATE: NY ZIP: 10121 FORMER COMPANY: FORMER CONFORMED NAME: MSGE Spinco, Inc. DATE OF NAME CHANGE: 20221025 SC 13D/A 1 d782531dsc13da.htm SC 13D/A SC 13D/A CONFIDENTIAL UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2)* 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 D’Ambrosio 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) March 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 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 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 SHA