Townsquare Media Group Adds Music-Focused Digital Ad Network to Multi-Media Asset Portfolio
Greenwich, CT – August 24, 2012 – Townsquare Media Group announced today that it has acquired the MOG Music Network business from MMN Media, Inc. and will rename the business Townsquare Media.
Launched in 2008, MOG Music Network has aggregated a network of music and music related digital publishers, including leading and highly influential music blogs, reviews sites, concert / event information sites, artist sites and lyrics sites. The network reaches more than 62 million monthly US unique visitors and 170 million monthly global unique visitors, making it the largest music-focused ad network in the United States. This community of music enthusiasts and tastemakers is highly engaged and attracts significant interest from brand advertisers.
MOG Music Network joins the national premium digital content brands owned and operated by the Townsquare Media Group, including PopCrush, ScreenCrush, Taste of Country, Diffuser.fm, TheFW, Loudwire, GuySpeed and Ultimate Classic Rock, providing a robust premium offering for advertisers seeking to connect with a large-scale audience of music and entertainment enthusiasts.
“This acquisition dramatically expands the consumer reach we provide to our advertising partners, while continuing our focus on delivering highly engaging and influential media experiences for consumers and advertisers,” commented Townsquare Media Group Chairman and CEO Steven Price. “Our publishing partners are the tastemakers of the digital music ecosystem as it relates to their ability to connect deeply and emotionally with their audiences and shape music related trends and opinions. This acquisition complements our high touch portfolio of radio, digital, mobile and live event assets and helps us to balance our media footprint from local-to-national.”
“We now have the privilege of working with many of the most insightful and influential music-related publishers in the world,” commented Bill Wilson, Townsquare Media Group EVP and Chief Digital Officer. “I am looking forward to working closely with this group of publishers, learning from them, and helping them to be even more successful, both critically and commercially, by leveraging the amazing assets of the MOG Music Network and our premium owned and operated brands.”
“We are excited to join the Townsquare Media Group team and leverage Townsquare Media Group’s resources and assets to benefit our publishers and advertising partners,” commented MOG Music Network General Manager Rick Vorhaus.
As part of the transaction, MOG Music Network’s teams located in Berkeley, Santa Monica, Chicago and New York will join Townsquare Media Group.
About Townsquare Media Group
Townsquare Media Group is a 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 244 radio stations and companion websites in 51 small to mid-sized markets, over 300 live music and non-music events and national digital properties including Taste of Country, Ultimate Classic Rock and PopCrush, as well as eCouponing business Seize the Deal. Additionally, Townsquare Media Group 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.townsquaremediagroup.com