TOWNSQUARE CEO RECOGNIZED 2021 EXECUTIVE OF THE YEAR BY RADIO INK; S&P GLOBAL ANNOUNCES REVISED OUTLOOK |

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BUY, NY, January 31, 2022 /PRNewswire/ — Townsquare Media, Inc. (NYSE: TSQ) (“Townsquare”, “Company” or “our”) announced that Bill WilsonChief Executive Offer, was recognized as the Radio Executive of the Year 2021 by Radio Ink, an industry-leading publication. Bill received this recognition due to Townsquare’s ongoing digital transformation, industry-leading performance, and the company’s culture and talented workforce. Further details and insight can be obtained from the exclusive interview Radio Ink held with Mr. Wilson in his cover. You can subscribe to receive an article number hereand a copy of the article is also available on Townsquare’s website.

“I am humbled and honored to have received the award as a Radio Ink’s Executive of the Year 2021. With the utmost sincerity, I could not have received this prestigious achievement without the incredible efforts of the entire Townsquare team. This is truly a team award and so everyone at Townsquare should feel as good about this award as I do, as it truly is a reflection of the amazing work we do every day to help and serve our customers. , listeners and readers, communities and co-workers,” Wilson said.

Additionally, Townsquare announced that the January 18, 2022, S&P Global (“S&P”), a leading market information company, has revised its outlook from stable to positive. S&P also affirmed its “B” issuer credit rating on Townsquare. According to S&P, its positive outlook reflects its expectation that Townsquare’s gross leverage is on track to improve below 5.0x by the end of 2022. This expected improvement stems from continued revenue recovery. Townsquare’s broadcast advertising, the continued strong expansion of its digital business, and its strong political earnings related to the 2022 U.S. midterm elections.

“Townsquare’s continued success is a testament to the strength of the Townsquare team, our digital platform and solutions for local businesses, and our careful expense management efforts. We are honored to have an external source such as S&P, note our strong performance,” said Stuart RosensteinFinancial director.

About Townsquare Media, Inc.

City center is a community-driven digital media, digital marketing solutions and radio company focused outside of the top 50 markets in the United States. Our assets include Interactive town squarea digital marketing services subscription business providing websites, search engine optimization, social platforms and online reputation management for approximately 25,950 SMBs; IGNITE Town Square, a proprietary digital programmatic advertising technology with an internal demand and data management platform; and Town Square Mediaour portfolio of 322 local terrestrial radio stations in 67 cities with corresponding local news and entertainment websites and apps, including legendary brands such as WYRK.com, WJON.comand NJ101.5.com as well as a network of national music brands, including XXLmag.com, TasteofCountry.com, UltimateClassicRock.com and Loudwire.com. For more information, please visit www.townsquaremedia.com, www.townsquareinteractive.comand www.townsquareignite.com.

Investor Relations

Claire Yenicay

(203) 900-5555

[email protected]

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SOURCE Townsquare Media, Inc.

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