TSQ — what changed in the latest 10-Q
A section-by-section comparison of TSQ's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-06 vs the prior 10-Q · 2026-05-11
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +29 | −8 | ~23 | 27 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 2 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| Risk factors | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Market risk (Item 3)
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-06
Certain key financial developments in our business for the six months ended June 30, 2026, as compared to the same period in 2025 are summarized below:
•Net revenue for the six months ended June 30, 2026 as compared to the same period in 2025 decreased $2.0 million, or 0.9%, primarily driven by a $5.4 million decrease in Broadcast Advertising net revenue and a $3.1 million decrease in our Subscription Digital Marketing Solutions net revenue, partia…
•Excluding political revenue of $2.0 million and $1.1 million for the six months ended June 30, 2026 and 2025, respectively, net revenue decreased $2.9 million, or 1.3% to $210.1 million. Broadcast Advertising net revenue decreased $6.3 million, or 7.1%, to $83.3 million, and Digital Advertising net…
•Operating income decreased $41.7 million for the six months ended June 30, 2026, to an operating loss of $13.6 million, primarily due to a $33.7 million increase in non-cash impairment charges, a $5.6 million decrease in net gain on sales and retirements of assets and the $2.0 million decrease in n…
Three months ended June 30, 2026 compared to three months ended June 30, 2025
Text removed vs the prior filing · source: 10-Q · 2026-05-11
Three months ended March 31, 2026 compared to three months ended March 31, 2025
Direct operating expenses for the three months ended March 31, 2026 decreased by $0.2 million, or 0.3%, as compared to the same period in 2025. Broadcast Advertising direct operating expenses decreased by $1.8 million, or 5.4%, primarily due to lower compensation and bad debt expense as compared to …
Transaction and business realignment costs for the three months ended March 31, 2026 decreased $1.3 million, or 53.2%, as compared to the same period in 2025, primarily due to local market operational cost reduction efforts and costs related to the February 2025 debt refinancing incurred in 2025, wh…
•$1.4 million of shares repurchased to cover employee tax withholdings on restricted stock that vested during the three months ended March 31, 2025, which did not recur in 2026; and
•$3.7 million of dividend payments in 2026, as compared to $3.1 million of dividend payments in 2025.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice