PURCHASE, N.Y., April 8, 2020 /PRNewswire/ — Townsquare Media, Inc. (NYSE: TSQ) (“Townsquare,” the “Company,” “we,” “us,” or “our”) today provided an update regarding its Annual Report on Form 10-K for the fiscal year ended December 31, 2019 (the “Form 10-K”).
On March 16, 2020, we filed a Form 12b-25 filed with the Securities and Exchange Commission (the “SEC”), for an extension of time to file our Form 10-K. The extension period provided under Rule 12b-25 expired on March 31, 2020.
Our current and former independent registered public accounting firms have been unable to agree upon the annual assessment of the impairment of the Company’s indefinite-lived intangible assets and require additional time to finalize these figures. The net revenue, direct operating expense and other data disclosed in the earnings release we issued on March