Townsquare Media Closes On Sale Of North American Midway Entertainment, LLC

Sells NAME

TOWNSQUARE MEDIA has closed on the sale of its carnival operation company NORTH AMERICAN MIDWAY ENTERTAINMENT, LLC to DANNY HUSTON's NORTH AMERICAN FAIRS, LLC for $23.5 million plus 15% of the proceeds if the buyer turns around and sells the operation within the next ten years.  The deal has TOWNSQUARE selling all of its interest in NAME's parent HEARTLAND GROUP to NAF.

TOWNSQUARE purchased NORTH AMERICAN MIDWAY ENTERTAINMENT for $75.5 million in 2015.

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