I just published a new article on Seeking Alpha:
https://seekingalpha.com/article/4342698-townsquare-media-appears-to-be-oversold
When I started this article, my thesis was that the drop in the stock price was justified. But after breaking down the business and looking at the expected revenue contribution of the various segments, I changed my mind.
I am not too wild about any stock in this environment, but I may sell some other stock to raise cash and take a flyer on Townsquare Media.