Short answers, pulled from the story.
Townsquare Media was created in its current form in 2010 by co-founders Steven Price, Stuart Rosenstein, Alex Berkett, Dhruv Prasad, and Scott Schatz after Regent Communications filed for Chapter 11 bankruptcy. Regent itself was originally founded by Terry Jacobs in 1994.
Regent Communications filed for Chapter 11 bankruptcy on the 1st of March 2010 with $211.3 million in debt and $166.5 million in assets. The pre-arranged bankruptcy plan made Oaktree Capital Management the majority owner; the reorganized company was then renamed Townsquare Media by its five co-founders.
Townsquare Media owned 349 radio stations across 74 markets, making it the third-largest AM-FM operator in the United States.
Townsquare Media owns a range of digital publications including XXL, Loudwire, Noisecreep, The Boombox, The Boot, ComicsAlliance, ScreenCrush, PopCrush, Just Jared, Taste of Country, Ultimate Classic Rock, and Hype Machine, among others.
Townsquare Media became a public company on the 24th of July 2014, trading on the New York Stock Exchange at an initial offering price of $11 a share. The IPO filing in June 2014 valued the company at $143.8 million.
In June 2013, Townsquare acquired several music and pop culture blogs from AOL following AOL's abrupt shutdown of its music division in April 2013. The acquired properties included The Boombox, The Boot, Noisecreep, and ComicsAlliance.