Billy Currington performs at TSQ's Taste of Country music festival at Hunter Mountain, N.Y., on June 13, 2015.

Though North American Midway Entertainment (NAME) co-CEOs Danny Huston and Jeff Blomsness weren’t looking to sell, a persistent campaign and $75.5-million offer by Townsquare Media (TSQ) proved beneficial for both parties, with the acquisition expected to close in September.

According to Townsquare Media’s Claire Yenicay, the company first identified NAME as a...

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