Steven Price (businessman)
Steven Price | |
|---|---|
| Born | 1962 |
| Nationality | American |
| Occupation(s) | Entrepreneur, executive chairman |
| Known for | Executive chairman of Townsquare Media, minority owner of the Atlanta Hawks |
Steven Price (born 1962) is an American entrepreneur, currently serving as the executive chairman of Townsquare Media and holding a minority ownership interest in the Atlanta Hawks basketball team.
Biography
Born into a Jewish family, Price is the son of Margery and Robert Price, the latter being the president of Price Communications Corporation, a publishing and broadcasting firm headquartered in New York. He completed his undergraduate studies at Brown University, graduating magna cum laude and earning Phi Beta Kappa honors, followed by a Juris Doctor degree from Columbia University School of Law.
Price’s professional journey began with legal practice at Davis Polk & Wardwell, followed by a period in investment banking at Goldman Sachs. He also held the position of deputy assistant Secretary of Defense and gained experience in private equity before co-founding Townsquare Media and 25madison. Townsquare Media currently owns and operates approximately 360 radio stations across small to mid-sized markets in the United States.
In 2014, Price purchased a minority stake in the Atlanta Hawks from Bruce Levenson. He maintained this ownership following the 2015 transaction in which the team was sold for $850 million to a consortium led by Tony Ressler, which included investors such as Grant Hill, Sarah Blakely, Jesse Itzler, and Rick Schnall.
Philanthropy
Through the Tina & Steven Price Charitable Foundation, Price directs his philanthropic initiatives primarily toward supporting the Jewish community in New York. The foundation provides funding to organizations including the Metropolitan Council on Jewish Poverty, the American Enterprise Institute, Commentary Magazine, the Jewish Theological Seminary, and the Council on Foreign Relations. Additionally, Price holds board memberships with both the UJA Federation and Hillel International.
Personal life
In 1991, he wed Tina Gitlin in a Jewish ceremony held at the Park Avenue Synagogue.