MSG Entertainment Exits Townsquare Media Filing
Ticker: TSQ · Form: SC 13D/A · Filed: 2024-04-03T00:00:00.000Z
Sentiment: neutral
Topics: exit-filing, schedule-13d, amendment
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
What is the purpose of this SC 13D/A filing?
This SC 13D/A filing is an amendment, specifically an 'Exit Filing', by Madison Square Garden Entertainment Corp. concerning Townsquare Media, Inc.
Who is the subject company of this filing?
The subject company is Townsquare Media, Inc.
Who is the entity filing the amendment?
Madison Square Garden Entertainment Corp. is the entity filing the amendment.
What is the date of this filing?
The filing date is April 3, 2024.
What does 'Exit Filing' typically signify in a Schedule 13D context?
An 'Exit Filing' typically signifies that the reporting person or entity no longer holds a significant stake (usually above the 5% threshold) in the subject company and is terminating their reporting obligation under Schedule 13D.
From the Filing
0001193125-24-086285.txt : 20240403 0001193125-24-086285.hdr.sgml : 20240403 20240403211628 ACCESSION NUMBER: 0001193125-24-086285 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20240403 DATE AS OF CHANGE: 20240403 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: 24821372 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 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 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) 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 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