MSG

Townsquare Announces Purchase of Management Options That Were Expiring Shortly, Thereby Avoiding Shareholder Dilution

Retrieved on: 
Monday, April 8, 2024
MSG, Share repurchase, Research, Oaktree Capital Management, Hand, IPO, Security (finance)

PURCHASE, N.Y., April 08, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE: TSQ) (the “Company” or “Townsquare”) announced that that it bought and retired 3.0 million options held by certain members of the management team and board of directors for a net purchase price of $3.62 per option.

Key Points: 
  • PURCHASE, N.Y., April 08, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE: TSQ) (the “Company” or “Townsquare”) announced that that it bought and retired 3.0 million options held by certain members of the management team and board of directors for a net purchase price of $3.62 per option.
  • The purchase price reflects the spread between the closing price on April 3, 2024 of $12.36 and the option strike price of $8.74.
  • The options, all of which were set to expire in July 2024, were granted to members of management and the board at the Company’s initial public offering in July 2014 (the “IPO options”).
  • Like last week’s 1.5 million share repurchase from MSG, the purchase price of $10.8 million will be funded entirely with cash on hand.

Townsquare Announces Repurchase of Just Under 10% of Outstanding Shares Reaffirms Q1’24 and FY’24 Guidance

Retrieved on: 
Monday, April 1, 2024
MSG, Adjustment, Oaktree Capital Management, Hand, Pharmaceutical industry

The purchase price reflects an 11% discount from the closing price of the Class A common stock on March 28, 2024.

Key Points: 
  • The purchase price reflects an 11% discount from the closing price of the Class A common stock on March 28, 2024.
  • This transaction follows Townsquare’s June 2023 repurchase of 1.5 million shares from MSG at $9.70 per share, and March 2021 repurchase of 12.6 million shares and warrants from Oaktree Capital Management, L.P. at $6.40 per share.
  • In 2023, Townsquare’s Cash Flow from Operations increased 35% year-over-year to $68 million, or approximately $4.07 per basic share based on shares outstanding as of March 28, 2024.
  • Since 2021, we have repurchased 16.2 million shares at an average price of $7.19, while simultaneously reducing leverage.

InstaBomb Announces Patent Pending Innovation and Partners with Los Angeles Regional Food Bank to Combat Hunger

Retrieved on: 
Friday, April 5, 2024
Cooking, Partnership, Bomb, Friends, MSG, Meat, Family, Spice, Taste, Hunger, Water, Fast food

LOS ANGELES, April 5, 2024 /PRNewswire-PRWeb/ -- Instabomb announces the launch of its groundbreaking product, the Birria Bomb, now patent pending. In conjunction with this milestone, the woman-founded, mission-driven company forged a partnership with the Los Angeles Regional Food Bank to support the fight against hunger in the local community.

Key Points: 
  • LOS ANGELES, April 5, 2024 /PRNewswire-PRWeb/ -- Instabomb announces the launch of its groundbreaking product, the Birria Bomb, now patent pending.
  • In conjunction with this milestone, the woman-founded, mission-driven company forged a partnership with the Los Angeles Regional Food Bank to support the fight against hunger in the local community.
  • InstaBomb is a meal solution that empowers cooks to make delicious meals without hours of cooking or searching for hard-to-find ingredients.
  • InstaBomb comes in three completely different all-in-one perfectly formulated meal starters: Pot Roast, Curry, and the newest, Birria Bombs.

US Foods Spring Scoop Introduces Great Tasting Menu Solutions Aimed at Trending Dietary and Lifestyle Preferences

Retrieved on: 
Monday, March 18, 2024
Men, Family, Restaurant, Bar, Fitness & Nutrition, Millennials, Consumer, Lifestyle, Publishing, Packaging, Food, Beverage, Generation Z, Generation X, Communications, Manufacturing, Retail, Other Consumer, Women, Sprouts, Flour, Garlic, Taste, Head, FD, Fungus, US Foods, FD&C, MSG, Plant, Cheese, Honey, Multimedia, Metro

US Foods Holding Corp. (NYSE: USFD) – one of America’s leading food service distributors – announced today the launch of its Spring 2024 Scoop™.

Key Points: 
  • US Foods Holding Corp. (NYSE: USFD) – one of America’s leading food service distributors – announced today the launch of its Spring 2024 Scoop™.
  • “With Spring Scoop, we’ve delivered a variety of on-trend, high-quality products that can meet specific preferences, while also appealing to all diners regardless of their dietary or lifestyle choices.
  • Most importantly, all products help save operators back-of-house labor and are highly versatile without sacrificing flavor.”
    US Foods “Serve You” products appeal to diners who want more personalization given their dietary and lifestyle preferences are great tasting and can work across a variety of menu options.
  • To view all the new products featured in Spring Scoop, visit the company’s Scoop webpage at usfoods.com/springscoop .

AN EASTERN CARIBBEAN GEM IS UNEARTHED AS SANDALS® RESORTS ANNOUNCES GRAND OPENING IN SAINT VINCENT AND THE GRENADINES

Retrieved on: 
Wednesday, March 27, 2024
Well, Vincy, Tuna, Exercise, Yoga, Travel, Foot, Red, Cave, Seed, Sandals Resorts, Nature, Aloe vera, MSG, Glass, Sandal, Heart, Water, Fruit, Coal

BUCCAMENT, St. Vincent & Grenadines, March 27, 2024 /PRNewswire/ -- Sandals Saint Vincent and the Grenadines opened its doors today with a view straight to the cobalt blue Caribbean sea, welcoming its first guests to a nature-forward experience brimming with island inspiration and stirring 'Sandals Firsts'. The opening marks Sandals Resorts' eagerly anticipated introduction to the largely undiscovered Eastern Caribbean destination of Saint Vincent and the Grenadines, where – enveloped by a mountain backdrop – the brand's 18th all-inclusive resort offers an unrivaled sanctuary where guests can commune with nature, foster wellness, and cultivate lasting connections. 

Key Points: 
  • But at more than a million square miles, it was also meant to be discovered," said Adam Stewart, Executive Chairman of Sandals Resorts International.
  • "Sandals Saint Vincent unveils a little-known wonder we are proud to bring forward, not only for its show-stopping beauty but for the warmth and grace of its people.
  • Sandals Saint Vincent was designed to honor that spirit, encouraging carefree exploration, pampered relaxation, and deep connection."
  • Along the way, cabanas and cocktails invite guests to loll the day away, with three other pools among lush vegetation.

QUICKPLAY PARTNERS WITH SAUDI TELECOM COMPANY TO LAUNCH "BITS"

Retrieved on: 
Tuesday, March 12, 2024
Cloud, Google Cloud, Growth, Saudi Telecom Company, Partnership, OTT, Telephone, UGC, STC, MSG, Entertainment Studios, MENA, MSG Network, YES Network

A new era of short-form, AI-powered video content designed to redefine the Saudi market

Key Points: 
  • A new era of short-form, AI-powered video content designed to redefine the Saudi market
    TORONTO, March 12, 2024 /PRNewswire/ - Quickplay, a global leading OTT video platform for true personalization and user engagement, announced today its partnership with Saudi Telecom Company (STC) to launch "Bits," a short-form video content platform tailored to the rapidly-developing Saudi market.
  • Designed to address Saudi Arabia's widespread use of short-form video apps like TikTok, the Bits platform will cater to a tech-savvy audience eager for fresh and engaging content.
  • "The launch of Bits is a transformative moment for digital content delivery in the Middle East," said Wim Ponnet , President, EMEA of Quickplay.
  • "The collaboration between Quickplay and Saudi Telecom Company represents a new chapter in digital content delivery in the Middle East," said Bader Almadi, General Manager, Saudi Arabia, Google Cloud.

QUICKPLAY PARTNERS WITH SAUDI TELECOM COMPANY TO LAUNCH "BITS"

Retrieved on: 
Tuesday, March 12, 2024
Cloud, Google Cloud, Growth, Saudi Telecom Company, Partnership, OTT, Telephone, UGC, STC, MSG, Entertainment Studios, MENA, MSG Network, YES Network

TORONTO, March 12, 2024 /PRNewswire/ -- Quickplay, a global leading OTT video platform for true personalization and user engagement, announced today its partnership with Saudi Telecom Company (STC) to launch "Bits," a short-form video content platform tailored to the rapidly-developing Saudi market. The agreement marks Quickplay's expansion into EMEA, continuing the company's growth across the global digital streaming landscape and building on Quickplay's existing collaboration with Google Cloud.

Key Points: 
  • A new era of short-form, AI-powered video content designed to redefine the Saudi market
    TORONTO, March 12, 2024 /PRNewswire/ -- Quickplay, a global leading OTT video platform for true personalization and user engagement, announced today its partnership with Saudi Telecom Company (STC) to launch "Bits," a short-form video content platform tailored to the rapidly-developing Saudi market.
  • Designed to address Saudi Arabia's widespread use of short-form video apps like TikTok, the Bits platform will cater to a tech-savvy audience eager for fresh and engaging content.
  • "The launch of Bits is a transformative moment for digital content delivery in the Middle East," said Wim Ponnet , President, EMEA of Quickplay.
  • "The collaboration between Quickplay and Saudi Telecom Company represents a new chapter in digital content delivery in the Middle East," said Bader Almadi, General Manager, Saudi Arabia, Google Cloud.

SharpLink Gaming Announces Board and Audit Committee Changes

Retrieved on: 
Wednesday, February 21, 2024
Acquisition, Paramount Theater, Madison Square Garden, Audit, Investment, Major League Baseball, SBET, Radio, Sport, Hofstra University, Madison Square Garden Entertainment, Paramount, Sound, Audit committee, Compensated emancipation, Stanley Cup Finals, LiveStyle, New York Yankees, Business administration, Lincolnshire Management, MSG, Athlete, MSG Network, Adrienne Anderson, ProServ

MINNEAPOLIS, Feb. 21, 2024 (GLOBE NEWSWIRE) -- SharpLink Gaming, Inc. (Nasdaq: SBET) (“SharpLink” or the “Company”) today announced recent changes to its Board of Directors (the “Board”) and Audit Committee.

Key Points: 
  • MINNEAPOLIS, Feb. 21, 2024 (GLOBE NEWSWIRE) -- SharpLink Gaming, Inc. (Nasdaq: SBET) (“SharpLink” or the “Company”) today announced recent changes to its Board of Directors (the “Board”) and Audit Committee.
  • On February 16, 2024, the Board accepted the resignation of Adrienne Anderson as a director, Chair of the Audit Committee and member of the Compensation Committee, effective February 16, 2024.
  • The resignation of Anderson was not the result of any disagreement with the Company, its management, the Board or any committee of the Board.
  • The Board subsequently elected Leslie Bernhard, a current member of the Board, to serve as the new Chairperson of the Audit Committee, effective February 16, 2024.

EARTH BRANDS NAMED AN OFFICIAL PARTNER OF MADISON SQUARE GARDEN

Retrieved on: 
Wednesday, February 28, 2024
MSGE, Madison Square Garden Entertainment, Venue, Sustainability, New York Knicks, New Yorker, Madison Square Garden, New York Rangers, Ranger, Part, MSG Network, Entrepreneurship, University, Collection, Partner, MSG, Sport, Garden, Partnership

NEW YORK, Feb. 28, 2024 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE: MSGE) (MSG Entertainment) announced today that Earth Brands, the eco-conscious startup dedicated to combating single-use plastic products, has been named an Official Partner of Madison Square Garden.

Key Points: 
  • Earth Brands Products will be Available Throughout Arena, As Part of the Venue's Ongoing Commitment to Sustainability
    NEW YORK, Feb. 28, 2024 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE: MSGE) (MSG Entertainment) announced today that Earth Brands, the eco-conscious startup dedicated to combating single-use plastic products, has been named an Official Partner of Madison Square Garden.
  • Earth Brands products, including Earth Cups and Earth Lids, will be used at all concession stands and hospitality spaces during all events at The Garden – both sporting events and live entertainment.
  • "Partnering with MSG represents a key milestone in our company's brief history," said Peter Frelinghuysen, Co-Founder and Chief Operating Officer of Earth Brands.
  • Earth Brands was founded in 2021 with the mission of making sustainability cool and universal for next-generation consumers and businesses.

Stellar Snacks Arrive in Northern California & Nevada Whole Foods

Retrieved on: 
Tuesday, February 27, 2024
Stellar, Snack, Cholesterol, JetBlue, Whole Foods Market, Human, Alaska Airlines, American Airlines, MSG, Emphasis (typography), Taste, Today (American TV program), Tasting Table, Fast food

RENO, Nev. , Feb. 27, 2024 /PRNewswire/ -- Stellar Snacks, the woman-owned bakery behind Stellar Pretzel Braids, is thrilled to announce its highly-anticipated launch into new Whole Foods Market locations in the West.

Key Points: 
  • RENO, Nev. , Feb. 27, 2024 /PRNewswire/ -- Stellar Snacks, the woman-owned bakery behind Stellar Pretzel Braids, is thrilled to announce its highly-anticipated launch into new Whole Foods Market locations in the West.
  • This retail expansion arose as an answer to the fervent demand from snack enthusiasts across Northern Nevada and Northern California, where local pride runs deep for the Carson City, NV based family-owned company.
  • Across the country, Stellar Snacks rises the ranks of fastest growing pretzel brands, establishing them as not just a notable emerging name, but a key player in the industry.
  • To learn more about Stellar Snacks and embark on an unforgettable snacking adventure, visit stellarsnacks.com.