IMMEDIATE RELEASE

Townsquare Media Hires Leading Sales Executive

Former Citadel Regional Leader Matt Hanlon Joins the Company as Senior Vice President, Sales

Greenwich, CT – October 4, 2011 – Townsquare Media, LLC announced today that Matt Hanlon has joined the Company’s management team as Senior Vice President, Sales.  Mr. Hanlon will be responsible for revenue growth, multi-product sales strategy and sales force development across Townsquare Media’s markets and will report to Erik Hellum, Executive Vice President, Radio.

“I am thrilled that Matt will be leading our sales training, development and support efforts and growing our relationships with advertisers for all of our products,” said Steven Price, Townsquare Media Chairman and CEO.  “Matt is an experienced leader with a strong track record of success in the local media industry.”

“I am excited to be joining the Townsquare Media team and look forward to building on the success of Townsquare Media’s sales effort,” said Mr. Hanlon. “With the reach and scale of our radio stations, digital properties and live events across the U.S., we are powerfully positioned to deliver demonstrable results to advertisers.”

Mr. Hanlon most recently served as President of the Midwest Region for Citadel Broadcasting, a role he held for the last ten years, while also overseeing the Grand Rapids, Lansing and Muskegon, Michigan markets as Market Manager.  In this role Mr. Hanlon was responsible for 85 stations across 15 markets and led the creation of in-state Sports and News / Talk Networks.  Prior to joining Citadel, Mr. Hanlon was based in New York and served as VP of Sales, East Coast for AOL.  Mr. Hanlon began his career as a local sales representative in Atlantic City before joining Katz Media in New York where he held various roles over a 10 year period.  Mr. Hanlon holds a B.A. in Communications from The University of Scranton.

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, Loudwire, The FW 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.