Townsquare Media forms strategic alliance with Renda Media

Townsquare Media (TSQ) announced a strategic digital advertising partnership with Renda Media, a local media company with presence in six U.S. cities that do not overlap with Townsquare’s market footprint. Townsquare announced the launch of their Media Partnerships division in 2024. As part of the Company’s Digital Advertising segment, the Media Partnerships division provides a white-label service that equips other local media companies with the digital advertising solutions, with digital now comprising over 50% of Townsquare’s total revenue and profit. With this alliance with Renda Media, Townsquare now has six media partners, reaching 19 incremental markets that do not overlap with Townsquare’s own footprint.