"This acquisition dramatically expands the consumer reach we provide to our advertising partners, while continuing our focus on delivering highly engaging and influential media experiences for consumers and advertisers, " commented Townsquare Media Group Chairman and CEO Steven Price.

ENGADGET: Townsquare Media buys what's left of MOG

If Obama really wants to decrease the price of oil, maybe he should fire Steven Chu and hire John Rambo.

FORBES: Obama's Oil-Price Schizophrenia