Big & Rich energizes the capacity crowd as the sun sets at 25th Country Jam. Photo credit: Joshua Timmermans / Country Jam

The Madison Square Garden Company (MSG) has acquired a 12 percent common equity stake in Townsquare, Inc., a media, entertainment and digital marketing solutions company for $23.1 million.

"MSG acquired approximately a 12 percent equity stake in Townsquare," said Dhruv Prasad, executive vice president of live entertainment, Townsquare. "They bought the shares ...

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