How Much Will The New Townsquare CEOs Be Paid?

0

Earlier this week, Townsquare announced Bill Wilson and Dhruv Prasad were promoted to Co-Chief Executive Officers and Steven Price transitioned to Executive Chairman of the Board. Wilson was Townsquare’s Executive Vice President and Chief Content & Digital Officer, and Prasad the company’s Executive Vice President, Live Events. In a Thursday night SEC filing, we found out exactly how much money they will all make.

Wilson will receive an initial annual base salary of $900,000 and a target annual bonus of $500,000. Prasad gets an initial annual base salary of $750,000 and a target annual bonus of $400,000.

In his role as Executive Chairman, in addition to the normal responsibilities of the Chairman of the Board, Price will support the CEO transition, direct the long-term strategy of the company, and oversee other strategic business matters. Price will receive an annual base salary of $500,000.

Stu Rosenstein will continue as Townsquare’s Executive Vice President and Chief Financial Officer and be paid a salary of $750,000 and a target annual bonus of $450,000. He will report to Wilson and Prasad.

Townsquare has 318 radio stations in 67 small and medium markets.
Read the SEC filing about the salaries HERE.

LEAVE A REPLY

Please enter your comment!
Please enter your name here