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Townsquare CEO Steven Price's philosophy has always been to diversify. Townsquare uses the power of radio to promote, execute and drive attendance to local concerts, fun runs, craft beer festivals and other events.

The Madison Square Garden Company takes about a 12 percent common equity stake in Townsquare. MSG purchased 3.2 million shares of GE Capital's Class C Common Stock. Townsquare did not receive any proceeds from this transaction. Townsquare CEO Steven Price is also purchasing 50,000 shares of GE Capital’s Class C Common Stock.

It happens on every news site that allows comments. What the news organization hoped would be a civil conversation about a story winds up devolving into name calling and negativity that have nothing even to do with the story posted.

It appears there's a glitch in the state requiring every political ad on the radio to include the tag about who paid for the ad. Of course, as most managers know, the FCC will frown upon you if that isn't done.

This is a story we've been bringing to you from the day it started (see stories below). The Friends of 88.5 FM, a nonprofit community organization formed to preserve local National Public Radio affiliate KPLU, have received approval from the FCC to take over operation of the station. The closing is expected on August 30 or August 31.

Beasley's KKLZ-FM will continue to be Mike O'Brian's radio home after he renewed his contract with the station to continue in his role as morning show host and PD. It's a multi-year deal, no other details were announced. O'Brian has been on the air in Vegas for over 30 years.

Cumulus Chattanooga makes the announcement that Dave Hooker is the new co-host at SportTalk, the long-running afternoon sports talk show on WGOW FM.

Adams joins the Hubbard Seattle after serving as Program Director for the company’s station KLCK in Seattle. The announcement came Wednesday from KRWM Program Director Ron Harrell.

CBS Boston's Toucher & Rich celebrated their 10th anniversary this week with a sold out show at the Wilbur Theater.

This is a follow-up to a story we first brought to you back in February. KHVN, which is near Dallas, hosted Democrats John Wiley Price, a longtime Dallas County Commissioner, and Dwaine Caraway, a former city council member. A fight broke out when one accused the other of having an adulterous affair with his wife.