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Sep 1, 2011
Townsquare Media Hires Leading Financial Executive

Linda Lie Joins the Company as Vice President and Chief Accounting Officer

Greenwich, CT – September 1, 2011 – Townsquare Media, LLC announced today that Linda Lie has joined the Company’s management team as Vice President and Chief Accounting Officer.  Ms. Lie will be responsible for the Company’s internal accounting and financial reporting and will report to Stuart Rosenstein, Executive Vice President and Chief Financial Officer.

“I am excited that Linda will be joining Townsquare Media’s finance team,” said Mr. Rosenstein.  “Linda is a seasoned financial professional who comes to us with vast technical experience and strong leadership skills.”

Ms. Lie joins Townsquare Media from Red 7 where she served as Chief Financial Officer and was responsible for the financial health of the company and worked with the senior management team on acquisitions, launches and other growth initiatives.

Ms. Lie has a wealth of experience in senior financial positions at companies large and small, including The Jim Henson Company, BMG Entertainment, Primedia and The Media Planning Group, a division of Havas Advertising.  Ms. Lie began her career in finance at Ernst & Young, where she was Senior Accountant; and Goldman Sachs, where she was a Senior Financial Analyst.

About Townsquare Media

Townsquare Media, LLC is a local media and entertainment company that owns and operates radio, digital and live event properties.  The Company specializes in creating and distributing original entertainment, music and lifestyle content.  Its assets include 176 radio stations and companion websites in 38 small to mid-sized markets, over 200 live music and non-music events and certain national digital properties including Taste of Country, Ultimate Classic Rock and PopCrush, as well as eCouponing business Seize the Deal. Additionally, Townsquare Media also operates Townsquare Cares, a non-profit organization that seeks to better the lives of troops and their families.  Funds managed by Oaktree Capital Management are the Company’s largest equity holder. www.townsquaremediagroup.com

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