Dhruv Prasad joined MidOcean’s Executive Board in 2019 and works with the investment team to evaluate new opportunities in the media, entertainment, business services, and out-of-home verticals. He currently serves as the President and Chief Executive Officer of Music Reports, Inc. (“MRI”), which he joined at the time of MidOcean’s acquisition of the Company in 2020. MRI is one of the leading independent providers of music rights data, administration, and management services in the world.
Prior to joining MidOcean, Mr. Prasad was the co-CEO of Townsquare Media, Inc. (NYSE: TSQ), a multi-platform diversified local media, entertainment, and digital marketing services company that he co-founded in 2010. From the inception of Townsquare until he joined MidOcean in 2019, Mr. Prasad was part of the team that formed its initial business plan; recruited its senior management team; identified, executed, and integrated over 40 acquisitions; took Townsquare public on the New York Stock Exchange in 2014; and consistently delivered revenue and EBITDA growth that led the broadcast industry. Townsquare’s asset portfolio included 321 radio stations and 330 local websites in 67 U.S. markets, a digital marketing solutions division, a proprietary digital programmatic advertising platform, and approximately 200 annual live events with over one million attendees each year. The Company was the third-largest owner of radio stations in America.
Prior to his appointment as co-CEO of Townsquare, he served as the Company’s EVP – Live Events from 2012 to 2017 and SVP – Strategy & Operations from 2010 to 2012. He is an experienced creator, producer, curator, and marketer of several successful branded live entertainment properties in music, family entertainment, and lifestyle categories such as the Taste of Country Music Festival, the Insane Inflatable 5K, and the America on Tap craft beer festival series.
Before co-founding Townsquare, Mr. Prasad worked as a private equity investor at Thomas H. Lee Partners and Spectrum Equity Investors. Mr. Prasad began his career in the Investment Banking Division of Salomon Smith Barney.
Mr. Prasad served as a member of the Board of Directors of the National Association of Broadcasters and is a graduate of Leadership Music. He was named to Radio Ink’s 40 Most Powerful People in Radio list in 2018.
- Dartmouth College, B.A., cum laude
- University of Pennsylvania, Wharton School, M.B.A.
Current and Prior MidOcean Boards