Townsquare Media Group To Acquire Certain Assets Of AOL Music And Comicsalliance
June 3, 2013 at 4:31 AM (PT)
TOWNSQUARE MEDIA GROUP has entered into an agreement to acquire AOL MUSIC assets THE BOOT, THE BOOMBOX and NOISECREEP as well as COMICSALLIANCE from AOL INC. The new digital properties will join TOWNSQUARE’s national digital business, a portfolio of websites which reach over 52 million U.S. monthly unique visitors, and include TASTE OF COUNTRY, POPCRUSH, SCREENCRUSH and OKAYPLAYER.
"The acquisition of these assets from AOL represents the continued rapid growth of TOWNSQUARE MEDIA’s portfolio of owned and operated music and entertainment websites," commented Chairman/CEO STEVEN PRICE. "Adding these premium brands to TOWNSQUARE MEDIA’s comprehensive offering propels our scale beyond today’s 52 million U.S. monthly unique visitors, allowing advertisers and agencies even greater access to this highly engaged and demographically desirable audience."
As part of the transaction, members of the AOL MUSIC and COMICSALLIANCE teams will be working with TOWNSQUARE MEDIA’s team going forward. Terms of the agreement were not disclosed.