Townsquare, which operates in 66 small and medium markets, reported flat local ad revenue for the final three months of 2015 and for the full year. Revenue in Q4 was off $400,000, which amounted to a decline of $0.4% to $80 million. When you back out the $3 million in political revenue Townsquare took in during Q4 of 2014, local ad revenue was up $3.5% in Q4 of 2015. For the year, local advertising revenue was also flat, up about $500,000 to $303 million. When backing out political revenue, revenue was up 2%, or $5.7 million to $300.2 million. The company took in $500,000 in political in 2015.