<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2026 Workiva-->
<!--r:019e8a31-c543-7a98-b75c-bfbf363c9f45,g:1d65a14a-f3f2-4e9c-a958-2d15db4cc589-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:arcroleRef arcroleURI="https://xbrl.org/2023/arcrole/summation-item" xlink:type="simple" xlink:href="https://www.xbrl.org/2023/calculation-1.1.xsd#summation-item"/>
  <link:roleRef roleURI="http://www.townsquaremedia.com/role/CONSOLIDATEDBALANCESHEETS" xlink:type="simple" xlink:href="tsq-20260630.xsd#CONSOLIDATEDBALANCESHEETS"/>
  <link:calculationLink xlink:role="http://www.townsquaremedia.com/role/CONSOLIDATEDBALANCESHEETS" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsCurrent_019e8a31-c7a9-780f-9af8-349f39121515" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AssetsCurrent"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_019e8a31-c7a9-7abc-bb1b-e25de7df8274" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_019e8a31-c7a9-780f-9af8-349f39121515" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_019e8a31-c7a9-7abc-bb1b-e25de7df8274" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrepaidExpenseAndOtherAssetsCurrent_019e8a31-c7a9-7331-86a5-d3fc2e698b0f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PrepaidExpenseAndOtherAssetsCurrent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_019e8a31-c7a9-780f-9af8-349f39121515" xlink:to="loc_us-gaap_PrepaidExpenseAndOtherAssetsCurrent_019e8a31-c7a9-7331-86a5-d3fc2e698b0f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsReceivableNetCurrent_019e8a31-c7a9-7e14-bb5b-8bd17d530720" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AccountsReceivableNetCurrent"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_019e8a31-c7a9-780f-9af8-349f39121515" xlink:to="loc_us-gaap_AccountsReceivableNetCurrent_019e8a31-c7a9-7e14-bb5b-8bd17d530720" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Assets_019e8a31-c7a9-76a6-b1bd-cf00905c4dc7" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_Assets"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsCurrent_019e8a31-c7a9-75ba-ba5c-0a7c5ad39d9e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AssetsCurrent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019e8a31-c7a9-76a6-b1bd-cf00905c4dc7" xlink:to="loc_us-gaap_AssetsCurrent_019e8a31-c7a9-75ba-ba5c-0a7c5ad39d9e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet_019e8a31-c7a9-76d1-8e62-932053d2b3ee" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PropertyPlantAndEquipmentNet"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019e8a31-c7a9-76a6-b1bd-cf00905c4dc7" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentNet_019e8a31-c7a9-76d1-8e62-932053d2b3ee" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Goodwill_019e8a31-c7a9-7276-8e27-884eb88224db" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_Goodwill"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019e8a31-c7a9-76a6-b1bd-cf00905c4dc7" xlink:to="loc_us-gaap_Goodwill_019e8a31-c7a9-7276-8e27-884eb88224db" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseRightOfUseAsset_019e8a31-c7a9-758e-9892-04283c386313" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingLeaseRightOfUseAsset"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019e8a31-c7a9-76a6-b1bd-cf00905c4dc7" xlink:to="loc_us-gaap_OperatingLeaseRightOfUseAsset_019e8a31-c7a9-758e-9892-04283c386313" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityMethodInvestments_019e8a31-c7a9-7b6e-b56f-85ff08113f61" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_EquityMethodInvestments"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019e8a31-c7a9-76a6-b1bd-cf00905c4dc7" xlink:to="loc_us-gaap_EquityMethodInvestments_019e8a31-c7a9-7b6e-b56f-85ff08113f61" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_019e8a31-c7a9-7ac9-ad5b-0b28664c0e48" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IntangibleAssetsNetExcludingGoodwill"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019e8a31-c7a9-76a6-b1bd-cf00905c4dc7" xlink:to="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_019e8a31-c7a9-7ac9-ad5b-0b28664c0e48" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCashNoncurrent_019e8a31-c7a9-70d7-9a6e-421f75fd1584" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RestrictedCashNoncurrent"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019e8a31-c7a9-76a6-b1bd-cf00905c4dc7" xlink:to="loc_us-gaap_RestrictedCashNoncurrent_019e8a31-c7a9-70d7-9a6e-421f75fd1584" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssetsNoncurrent_019e8a31-c7a9-732d-a2d0-cc41c565172f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherAssetsNoncurrent"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019e8a31-c7a9-76a6-b1bd-cf00905c4dc7" xlink:to="loc_us-gaap_OtherAssetsNoncurrent_019e8a31-c7a9-732d-a2d0-cc41c565172f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_019e8a31-c7a9-7a49-b99a-2499fa4967a0" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LiabilitiesAndStockholdersEquity"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_019e8a31-c7a9-78da-aedf-ecb5d1da13ec" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_Liabilities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_019e8a31-c7a9-7a49-b99a-2499fa4967a0" xlink:to="loc_us-gaap_Liabilities_019e8a31-c7a9-78da-aedf-ecb5d1da13ec" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019e8a31-c7a9-7d14-80ce-78c7a6e2caaa" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_019e8a31-c7a9-7a49-b99a-2499fa4967a0" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019e8a31-c7a9-7d14-80ce-78c7a6e2caaa" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesCurrent_019e8a31-c7a9-7121-843f-6bf1e12edf8e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LiabilitiesCurrent"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsPayableCurrent_019e8a31-c7a9-7c09-a0ed-3cf7a24ace1d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AccountsPayableCurrent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019e8a31-c7a9-7121-843f-6bf1e12edf8e" xlink:to="loc_us-gaap_AccountsPayableCurrent_019e8a31-c7a9-7c09-a0ed-3cf7a24ace1d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ContractWithCustomerLiabilityCurrent_019e8a31-c7a9-76a5-93b8-a43d4f5a4cf1" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ContractWithCustomerLiabilityCurrent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019e8a31-c7a9-7121-843f-6bf1e12edf8e" xlink:to="loc_us-gaap_ContractWithCustomerLiabilityCurrent_019e8a31-c7a9-76a5-93b8-a43d4f5a4cf1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtCurrent_019e8a31-c7a9-784c-899f-46c7c76fce83" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongTermDebtCurrent"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019e8a31-c7a9-7121-843f-6bf1e12edf8e" xlink:to="loc_us-gaap_LongTermDebtCurrent_019e8a31-c7a9-784c-899f-46c7c76fce83" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_tsq_AccruedExpensesandOtherCurrentLiabilities_019e8a31-c7a9-70f1-b1ff-d7df63cb6276" xlink:href="tsq-20260630.xsd#tsq_AccruedExpensesandOtherCurrentLiabilities"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019e8a31-c7a9-7121-843f-6bf1e12edf8e" xlink:to="loc_tsq_AccruedExpensesandOtherCurrentLiabilities_019e8a31-c7a9-70f1-b1ff-d7df63cb6276" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestPayableCurrent_019e8a31-c7a9-71f1-9faa-f35c45f20b64" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InterestPayableCurrent"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019e8a31-c7a9-7121-843f-6bf1e12edf8e" xlink:to="loc_us-gaap_InterestPayableCurrent_019e8a31-c7a9-71f1-9faa-f35c45f20b64" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLiabilityCurrent_019e8a31-c7a9-7693-8892-7c37e8d11fbd" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingLeaseLiabilityCurrent"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019e8a31-c7a9-7121-843f-6bf1e12edf8e" xlink:to="loc_us-gaap_OperatingLeaseLiabilityCurrent_019e8a31-c7a9-7693-8892-7c37e8d11fbd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeRelatedLiabilitiesCurrent_019e8a31-c7a9-72c6-862f-a16bfc3f7d3d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_EmployeeRelatedLiabilitiesCurrent"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019e8a31-c7a9-7121-843f-6bf1e12edf8e" xlink:to="loc_us-gaap_EmployeeRelatedLiabilitiesCurrent_019e8a31-c7a9-72c6-862f-a16bfc3f7d3d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019e8a31-c7a9-7f63-82b0-0ad6696231ec" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdditionalPaidInCapitalCommonStock_019e8a31-c7a9-76d1-bb73-328815bd310b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AdditionalPaidInCapitalCommonStock"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019e8a31-c7a9-7f63-82b0-0ad6696231ec" xlink:to="loc_us-gaap_AdditionalPaidInCapitalCommonStock_019e8a31-c7a9-76d1-bb73-328815bd310b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockValue_019e8a31-c7a9-759f-83de-2906e835e15d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CommonStockValue"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019e8a31-c7a9-7f63-82b0-0ad6696231ec" xlink:to="loc_us-gaap_CommonStockValue_019e8a31-c7a9-759f-83de-2906e835e15d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TreasuryStockCommonValue_019e8a31-c7a9-72d0-a417-cd422b64691e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_TreasuryStockCommonValue"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019e8a31-c7a9-7f63-82b0-0ad6696231ec" xlink:to="loc_us-gaap_TreasuryStockCommonValue_019e8a31-c7a9-72d0-a417-cd422b64691e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MinorityInterest_019e8a31-c7a9-7318-8b57-ae1ad1973d98" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_MinorityInterest"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019e8a31-c7a9-7f63-82b0-0ad6696231ec" xlink:to="loc_us-gaap_MinorityInterest_019e8a31-c7a9-7318-8b57-ae1ad1973d98" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsAccumulatedDeficit_019e8a31-c7a9-7fc5-85ea-bee4de18c3e2" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RetainedEarningsAccumulatedDeficit"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019e8a31-c7a9-7f63-82b0-0ad6696231ec" xlink:to="loc_us-gaap_RetainedEarningsAccumulatedDeficit_019e8a31-c7a9-7fc5-85ea-bee4de18c3e2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_019e8a31-c7a9-7061-b9ec-b53e2ca35362" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_Liabilities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredIncomeTaxLiabilitiesNet_019e8a31-c7a9-7c1c-933f-d3ba6c113af0" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DeferredIncomeTaxLiabilitiesNet"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_019e8a31-c7a9-7061-b9ec-b53e2ca35362" xlink:to="loc_us-gaap_DeferredIncomeTaxLiabilitiesNet_019e8a31-c7a9-7c1c-933f-d3ba6c113af0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtNoncurrent_019e8a31-c7a9-768a-93d0-5617cef0fa11" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongTermDebtNoncurrent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_019e8a31-c7a9-7061-b9ec-b53e2ca35362" xlink:to="loc_us-gaap_LongTermDebtNoncurrent_019e8a31-c7a9-768a-93d0-5617cef0fa11" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherLiabilitiesNoncurrent_019e8a31-c7a9-7f8a-b78a-a62befa3f73a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherLiabilitiesNoncurrent"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_019e8a31-c7a9-7061-b9ec-b53e2ca35362" xlink:to="loc_us-gaap_OtherLiabilitiesNoncurrent_019e8a31-c7a9-7f8a-b78a-a62befa3f73a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLiabilityNoncurrent_019e8a31-c7a9-78de-a06d-9a1757d1c937" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingLeaseLiabilityNoncurrent"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_019e8a31-c7a9-7061-b9ec-b53e2ca35362" xlink:to="loc_us-gaap_OperatingLeaseLiabilityNoncurrent_019e8a31-c7a9-78de-a06d-9a1757d1c937" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesCurrent_019e8a31-c7a9-7a7d-94b1-4e86007dbc7b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LiabilitiesCurrent"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_019e8a31-c7a9-7061-b9ec-b53e2ca35362" xlink:to="loc_us-gaap_LiabilitiesCurrent_019e8a31-c7a9-7a7d-94b1-4e86007dbc7b" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.townsquaremedia.com/role/CONSOLIDATEDSTATEMENTSOFOPERATIONS" xlink:type="simple" xlink:href="tsq-20260630.xsd#CONSOLIDATEDSTATEMENTSOFOPERATIONS"/>
  <link:calculationLink xlink:role="http://www.townsquaremedia.com/role/CONSOLIDATEDSTATEMENTSOFOPERATIONS" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingIncomeLoss_019e8a31-c7a9-7a4f-b8bb-e81a7270377f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingIncomeLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_019e8a31-c7a9-77fc-ae1e-11fb1ae807c0" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_019e8a31-c7a9-7a4f-b8bb-e81a7270377f" xlink:to="loc_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_019e8a31-c7a9-77fc-ae1e-11fb1ae807c0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CostsAndExpenses_019e8a31-c7a9-7600-a9d5-06cbe90d89c1" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CostsAndExpenses"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_019e8a31-c7a9-7a4f-b8bb-e81a7270377f" xlink:to="loc_us-gaap_CostsAndExpenses_019e8a31-c7a9-7600-a9d5-06cbe90d89c1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CostsAndExpenses_019e8a31-c7a9-751e-b3d2-194be48d1779" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CostsAndExpenses"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_019e8a31-c7a9-7806-a829-3ad7601f7702" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_GeneralAndAdministrativeExpense"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CostsAndExpenses_019e8a31-c7a9-751e-b3d2-194be48d1779" xlink:to="loc_us-gaap_GeneralAndAdministrativeExpense_019e8a31-c7a9-7806-a829-3ad7601f7702" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_tsq_DirectOperatingExpenseExcludingDepreciationAndAmortization_019e8a31-c7a9-7ca8-b415-56324f53dbee" xlink:href="tsq-20260630.xsd#tsq_DirectOperatingExpenseExcludingDepreciationAndAmortization"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CostsAndExpenses_019e8a31-c7a9-751e-b3d2-194be48d1779" xlink:to="loc_tsq_DirectOperatingExpenseExcludingDepreciationAndAmortization_019e8a31-c7a9-7ca8-b415-56324f53dbee" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationAcquisitionRelatedCosts_019e8a31-c7a9-7717-a674-4bbae9011cfb" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_BusinessCombinationAcquisitionRelatedCosts"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CostsAndExpenses_019e8a31-c7a9-751e-b3d2-194be48d1779" xlink:to="loc_us-gaap_BusinessCombinationAcquisitionRelatedCosts_019e8a31-c7a9-7717-a674-4bbae9011cfb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ImpairmentOfIntangibleAssetsExcludingGoodwill_019e8a31-c7a9-7d49-804d-291895be263d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ImpairmentOfIntangibleAssetsExcludingGoodwill"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CostsAndExpenses_019e8a31-c7a9-751e-b3d2-194be48d1779" xlink:to="loc_us-gaap_ImpairmentOfIntangibleAssetsExcludingGoodwill_019e8a31-c7a9-7d49-804d-291895be263d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainLossOnDispositionOfAssets1_019e8a31-c7a9-70b2-8ed5-273376f33a71" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_GainLossOnDispositionOfAssets1"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CostsAndExpenses_019e8a31-c7a9-751e-b3d2-194be48d1779" xlink:to="loc_us-gaap_GainLossOnDispositionOfAssets1_019e8a31-c7a9-70b2-8ed5-273376f33a71" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensation_019e8a31-c7a9-7133-920e-955eece87f6b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ShareBasedCompensation"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CostsAndExpenses_019e8a31-c7a9-751e-b3d2-194be48d1779" xlink:to="loc_us-gaap_ShareBasedCompensation_019e8a31-c7a9-7133-920e-955eece87f6b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationDepletionAndAmortization_019e8a31-c7a9-7174-bfdc-93a05bce7bee" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DepreciationDepletionAndAmortization"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CostsAndExpenses_019e8a31-c7a9-751e-b3d2-194be48d1779" xlink:to="loc_us-gaap_DepreciationDepletionAndAmortization_019e8a31-c7a9-7174-bfdc-93a05bce7bee" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_019e8a31-c7a9-78e8-b4ee-9c0359ba0a28" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProfitLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019e8a31-c7a9-7818-af4b-4fc8a3fef5ff" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_ProfitLoss_019e8a31-c7a9-78e8-b4ee-9c0359ba0a28" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019e8a31-c7a9-7818-af4b-4fc8a3fef5ff" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_019e8a31-c7a9-7771-8a68-7432a0225195" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncomeTaxExpenseBenefit"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_ProfitLoss_019e8a31-c7a9-78e8-b4ee-9c0359ba0a28" xlink:to="loc_us-gaap_IncomeTaxExpenseBenefit_019e8a31-c7a9-7771-8a68-7432a0225195" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019e8a31-c7a9-7ee3-9ca8-5a62f5dc9502" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingIncomeLoss_019e8a31-c7a9-7ded-9a02-8619b87ca64c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingIncomeLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019e8a31-c7a9-7ee3-9ca8-5a62f5dc9502" xlink:to="loc_us-gaap_OperatingIncomeLoss_019e8a31-c7a9-7ded-9a02-8619b87ca64c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherNonoperatingIncomeExpense_019e8a31-c7a9-73ca-90d8-f65311f6b6d0" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherNonoperatingIncomeExpense"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019e8a31-c7a9-7ee3-9ca8-5a62f5dc9502" xlink:to="loc_us-gaap_OtherNonoperatingIncomeExpense_019e8a31-c7a9-73ca-90d8-f65311f6b6d0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainsLossesOnExtinguishmentOfDebt_019e8a31-c7a9-79f4-975f-131c084c1df3" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_GainsLossesOnExtinguishmentOfDebt"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019e8a31-c7a9-7ee3-9ca8-5a62f5dc9502" xlink:to="loc_us-gaap_GainsLossesOnExtinguishmentOfDebt_019e8a31-c7a9-79f4-975f-131c084c1df3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpenseNonoperating_019e8a31-c7a9-769c-b297-ca2cba497af5" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InterestExpenseNonoperating"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019e8a31-c7a9-7ee3-9ca8-5a62f5dc9502" xlink:to="loc_us-gaap_InterestExpenseNonoperating_019e8a31-c7a9-769c-b297-ca2cba497af5" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.townsquaremedia.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS" xlink:type="simple" xlink:href="tsq-20260630.xsd#CONSOLIDATEDSTATEMENTSOFCASHFLOWS"/>
  <link:calculationLink xlink:role="http://www.townsquaremedia.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_019e8a31-c7a9-733f-bd1f-17141b7eee80" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019e8a31-c7a9-7852-b4da-91a44bdb7e40" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_019e8a31-c7a9-733f-bd1f-17141b7eee80" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019e8a31-c7a9-7852-b4da-91a44bdb7e40" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019e8a31-c7a9-7c5a-a565-9d23ad879ef9" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_019e8a31-c7a9-733f-bd1f-17141b7eee80" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019e8a31-c7a9-7c5a-a565-9d23ad879ef9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019e8a31-c7a9-7c99-a3f3-d9a7ec44a38a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_019e8a31-c7a9-733f-bd1f-17141b7eee80" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019e8a31-c7a9-7c99-a3f3-d9a7ec44a38a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_019e8a31-c7a9-753d-990f-6051ff781c49" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCash_019e8a31-c7a9-7a0e-932a-127d8d936946" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RestrictedCash"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_019e8a31-c7a9-753d-990f-6051ff781c49" xlink:to="loc_us-gaap_RestrictedCash_019e8a31-c7a9-7a0e-932a-127d8d936946" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_019e8a31-c7a9-7515-a141-a4d6a61525c5" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_019e8a31-c7a9-753d-990f-6051ff781c49" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_019e8a31-c7a9-7515-a141-a4d6a61525c5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019e8a31-c7a9-7065-a4cd-014c6ba1e9b6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_019e8a31-c7a9-73cd-aa71-8b74fbe1bb2f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019e8a31-c7a9-7065-a4cd-014c6ba1e9b6" xlink:to="loc_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_019e8a31-c7a9-73cd-aa71-8b74fbe1bb2f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments_019e8a31-c7a9-71a4-b17b-abd4bc2db80d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019e8a31-c7a9-7065-a4cd-014c6ba1e9b6" xlink:to="loc_us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments_019e8a31-c7a9-71a4-b17b-abd4bc2db80d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromInsuranceSettlementInvestingActivities_019e8a31-c7a9-7d44-a1d5-a3ccdda0bc1a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProceedsFromInsuranceSettlementInvestingActivities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019e8a31-c7a9-7065-a4cd-014c6ba1e9b6" xlink:to="loc_us-gaap_ProceedsFromInsuranceSettlementInvestingActivities_019e8a31-c7a9-7d44-a1d5-a3ccdda0bc1a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019e8a31-c7a9-7742-9ae2-aff0ad3253cf" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromLongTermLinesOfCredit_019e8a31-c7a9-748e-b076-42eddce06dc8" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProceedsFromLongTermLinesOfCredit"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019e8a31-c7a9-7742-9ae2-aff0ad3253cf" xlink:to="loc_us-gaap_ProceedsFromLongTermLinesOfCredit_019e8a31-c7a9-748e-b076-42eddce06dc8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfSecuredDebt_019e8a31-c7a9-7047-8612-8755add85cfa" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProceedsFromIssuanceOfSecuredDebt"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019e8a31-c7a9-7742-9ae2-aff0ad3253cf" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfSecuredDebt_019e8a31-c7a9-7047-8612-8755add85cfa" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation_019e8a31-c7a9-7970-9dda-4b00d98db08d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019e8a31-c7a9-7742-9ae2-aff0ad3253cf" xlink:to="loc_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation_019e8a31-c7a9-7970-9dda-4b00d98db08d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsOfCapitalDistribution_019e8a4d-6f48-7530-b531-6ec64125cd1b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PaymentsOfCapitalDistribution"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019e8a31-c7a9-7742-9ae2-aff0ad3253cf" xlink:to="loc_us-gaap_PaymentsOfCapitalDistribution_019e8a4d-6f48-7530-b531-6ec64125cd1b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinanceLeasePrincipalPayments_019e8a31-c7a9-7b65-8bf5-af09e47183fb" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FinanceLeasePrincipalPayments"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019e8a31-c7a9-7742-9ae2-aff0ad3253cf" xlink:to="loc_us-gaap_FinanceLeasePrincipalPayments_019e8a31-c7a9-7b65-8bf5-af09e47183fb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RepaymentsOfNotesPayable_019e8a31-c7a9-7404-abed-18626672ef5e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RepaymentsOfNotesPayable"/>
    <link:calculationArc order="6" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019e8a31-c7a9-7742-9ae2-aff0ad3253cf" xlink:to="loc_us-gaap_RepaymentsOfNotesPayable_019e8a31-c7a9-7404-abed-18626672ef5e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RepaymentsOfSecuredDebt_019e8a31-c7a9-76bf-9fea-586bc24bb1e1" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RepaymentsOfSecuredDebt"/>
    <link:calculationArc order="7" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019e8a31-c7a9-7742-9ae2-aff0ad3253cf" xlink:to="loc_us-gaap_RepaymentsOfSecuredDebt_019e8a31-c7a9-76bf-9fea-586bc24bb1e1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromStockOptionsExercised_019e8a31-c7a9-7a85-9af2-377d5abbe7ec" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProceedsFromStockOptionsExercised"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019e8a31-c7a9-7742-9ae2-aff0ad3253cf" xlink:to="loc_us-gaap_ProceedsFromStockOptionsExercised_019e8a31-c7a9-7a85-9af2-377d5abbe7ec" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RepaymentsOfLinesOfCredit_019e8a31-c7a9-76d2-9ff7-72a7298ca088" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RepaymentsOfLinesOfCredit"/>
    <link:calculationArc order="9" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019e8a31-c7a9-7742-9ae2-aff0ad3253cf" xlink:to="loc_us-gaap_RepaymentsOfLinesOfCredit_019e8a31-c7a9-76d2-9ff7-72a7298ca088" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsOfOrdinaryDividends_019e8a31-c7a9-7296-a7a1-f65626c06f9f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PaymentsOfOrdinaryDividends"/>
    <link:calculationArc order="10" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019e8a31-c7a9-7742-9ae2-aff0ad3253cf" xlink:to="loc_us-gaap_PaymentsOfOrdinaryDividends_019e8a31-c7a9-7296-a7a1-f65626c06f9f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsOfFinancingCosts_019e8a31-c7a9-7242-8ca6-9f174f3af109" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PaymentsOfFinancingCosts"/>
    <link:calculationArc order="11" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019e8a31-c7a9-7742-9ae2-aff0ad3253cf" xlink:to="loc_us-gaap_PaymentsOfFinancingCosts_019e8a31-c7a9-7242-8ca6-9f174f3af109" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_tsq_WithholdingsForSharesIssuedUnderEmployeeStockPurchasePlan_019e8a31-c7a9-7cd4-8586-a6231cc87659" xlink:href="tsq-20260630.xsd#tsq_WithholdingsForSharesIssuedUnderEmployeeStockPurchasePlan"/>
    <link:calculationArc order="12" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019e8a31-c7a9-7742-9ae2-aff0ad3253cf" xlink:to="loc_tsq_WithholdingsForSharesIssuedUnderEmployeeStockPurchasePlan_019e8a31-c7a9-7cd4-8586-a6231cc87659" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019e8a31-c7a9-7507-a8ea-f2186c6352a5" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_tsq_AdvertisingBarterTransactionsNet_019e8a31-c7a9-7846-a4a3-e1ab287c0438" xlink:href="tsq-20260630.xsd#tsq_AdvertisingBarterTransactionsNet"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019e8a31-c7a9-7507-a8ea-f2186c6352a5" xlink:to="loc_tsq_AdvertisingBarterTransactionsNet_019e8a31-c7a9-7846-a4a3-e1ab287c0438" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_019e8a31-c7a9-765e-b50b-c9db11073843" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019e8a31-c7a9-7507-a8ea-f2186c6352a5" xlink:to="loc_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_019e8a31-c7a9-765e-b50b-c9db11073843" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_tsq_ContentRightsAmortizationExpense_019e8a31-c7a9-7be3-a38d-493dae2c3dd1" xlink:href="tsq-20260630.xsd#tsq_ContentRightsAmortizationExpense"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019e8a31-c7a9-7507-a8ea-f2186c6352a5" xlink:to="loc_tsq_ContentRightsAmortizationExpense_019e8a31-c7a9-7be3-a38d-493dae2c3dd1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_tsq_GainLossOnSalesAndRetirementsOfAssets_019e8a31-c7a9-76fe-aae3-bab0347e7c74" xlink:href="tsq-20260630.xsd#tsq_GainLossOnSalesAndRetirementsOfAssets"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019e8a31-c7a9-7507-a8ea-f2186c6352a5" xlink:to="loc_tsq_GainLossOnSalesAndRetirementsOfAssets_019e8a31-c7a9-76fe-aae3-bab0347e7c74" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsReceivable_019e8a31-c7a9-7777-845b-da849f6e3b70" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019e8a31-c7a9-7507-a8ea-f2186c6352a5" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsReceivable_019e8a31-c7a9-7777-845b-da849f6e3b70" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities_019e8a31-c7a9-7fb3-a914-c18c06e42992" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019e8a31-c7a9-7507-a8ea-f2186c6352a5" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities_019e8a31-c7a9-7fb3-a914-c18c06e42992" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainsLossesOnExtinguishmentOfDebt_019e8a31-c7a9-786b-a204-15c7ca9af47e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_GainsLossesOnExtinguishmentOfDebt"/>
    <link:calculationArc order="7" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019e8a31-c7a9-7507-a8ea-f2186c6352a5" xlink:to="loc_us-gaap_GainsLossesOnExtinguishmentOfDebt_019e8a31-c7a9-786b-a204-15c7ca9af47e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsPayable_019e8a31-c7a9-72b7-a96c-ce39f9318fee" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInAccountsPayable"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019e8a31-c7a9-7507-a8ea-f2186c6352a5" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsPayable_019e8a31-c7a9-72b7-a96c-ce39f9318fee" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_019e8a31-c7a9-7708-9758-a852747ff97f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProfitLoss"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019e8a31-c7a9-7507-a8ea-f2186c6352a5" xlink:to="loc_us-gaap_ProfitLoss_019e8a31-c7a9-7708-9758-a852747ff97f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AmortizationOfFinancingCostsAndDiscounts_019e8a31-c7a9-7868-82c4-8a5cf8cac4c1" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AmortizationOfFinancingCostsAndDiscounts"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019e8a31-c7a9-7507-a8ea-f2186c6352a5" xlink:to="loc_us-gaap_AmortizationOfFinancingCostsAndDiscounts_019e8a31-c7a9-7868-82c4-8a5cf8cac4c1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProvisionForLoanLeaseAndOtherLosses_019e8a31-c7a9-7eaf-a98e-1f212ab304b6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProvisionForLoanLeaseAndOtherLosses"/>
    <link:calculationArc order="11" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019e8a31-c7a9-7507-a8ea-f2186c6352a5" xlink:to="loc_us-gaap_ProvisionForLoanLeaseAndOtherLosses_019e8a31-c7a9-7eaf-a98e-1f212ab304b6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ImpairmentOfIntangibleAssetsExcludingGoodwill_019e8a31-c7a9-7e99-9b0d-27554557f943" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ImpairmentOfIntangibleAssetsExcludingGoodwill"/>
    <link:calculationArc order="12" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019e8a31-c7a9-7507-a8ea-f2186c6352a5" xlink:to="loc_us-gaap_ImpairmentOfIntangibleAssetsExcludingGoodwill_019e8a31-c7a9-7e99-9b0d-27554557f943" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_tsq_NonCashLeaseIncome_019e8a31-c7a9-7254-89cc-687857817751" xlink:href="tsq-20260630.xsd#tsq_NonCashLeaseIncome"/>
    <link:calculationArc order="13" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019e8a31-c7a9-7507-a8ea-f2186c6352a5" xlink:to="loc_tsq_NonCashLeaseIncome_019e8a31-c7a9-7254-89cc-687857817751" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_019e8a31-c7a9-74d3-8295-4f965ea4e92e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit"/>
    <link:calculationArc order="14" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019e8a31-c7a9-7507-a8ea-f2186c6352a5" xlink:to="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_019e8a31-c7a9-74d3-8295-4f965ea4e92e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationDepletionAndAmortization_019e8a31-c7a9-7125-ba16-533752e41694" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DepreciationDepletionAndAmortization"/>
    <link:calculationArc order="15" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019e8a31-c7a9-7507-a8ea-f2186c6352a5" xlink:to="loc_us-gaap_DepreciationDepletionAndAmortization_019e8a31-c7a9-7125-ba16-533752e41694" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccruedLiabilities_019e8a31-c7a9-7944-a5cb-6590e2c1f51b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInAccruedLiabilities"/>
    <link:calculationArc order="16" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019e8a31-c7a9-7507-a8ea-f2186c6352a5" xlink:to="loc_us-gaap_IncreaseDecreaseInAccruedLiabilities_019e8a31-c7a9-7944-a5cb-6590e2c1f51b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensation_019e8a31-c7a9-7b93-a444-4474066d7284" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ShareBasedCompensation"/>
    <link:calculationArc order="17" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019e8a31-c7a9-7507-a8ea-f2186c6352a5" xlink:to="loc_us-gaap_ShareBasedCompensation_019e8a31-c7a9-7b93-a444-4474066d7284" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_tsq_ChangeInContentRightsLiabilities_019e8a31-c7a9-7ac5-a3e4-853c023a74e3" xlink:href="tsq-20260630.xsd#tsq_ChangeInContentRightsLiabilities"/>
    <link:calculationArc order="18" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019e8a31-c7a9-7507-a8ea-f2186c6352a5" xlink:to="loc_tsq_ChangeInContentRightsLiabilities_019e8a31-c7a9-7ac5-a3e4-853c023a74e3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInInterestPayableNet_019e8a31-c7a9-72bd-b9c6-97ad4cf9e4df" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInInterestPayableNet"/>
    <link:calculationArc order="19" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019e8a31-c7a9-7507-a8ea-f2186c6352a5" xlink:to="loc_us-gaap_IncreaseDecreaseInInterestPayableNet_019e8a31-c7a9-72bd-b9c6-97ad4cf9e4df" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherNoncashIncomeExpense_019e8a31-c7a9-7752-8766-4710aa3c6780" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherNoncashIncomeExpense"/>
    <link:calculationArc order="20" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019e8a31-c7a9-7507-a8ea-f2186c6352a5" xlink:to="loc_us-gaap_OtherNoncashIncomeExpense_019e8a31-c7a9-7752-8766-4710aa3c6780" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.townsquaremedia.com/role/PropertyandEquipmentnetScheduleofPropertyandEquipmentNetDetails" xlink:type="simple" xlink:href="tsq-20260630.xsd#PropertyandEquipmentnetScheduleofPropertyandEquipmentNetDetails"/>
  <link:calculationLink xlink:role="http://www.townsquaremedia.com/role/PropertyandEquipmentnetScheduleofPropertyandEquipmentNetDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet_019e8a31-c7aa-7635-8109-3d69087dedac" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PropertyPlantAndEquipmentNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentGross_019e8a31-c7aa-7023-aac4-5196464a3283" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PropertyPlantAndEquipmentGross"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentNet_019e8a31-c7aa-7635-8109-3d69087dedac" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentGross_019e8a31-c7aa-7023-aac4-5196464a3283" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_019e8a31-c7aa-7da7-8c33-a7e1c0d7f088" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentNet_019e8a31-c7aa-7635-8109-3d69087dedac" xlink:to="loc_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_019e8a31-c7aa-7da7-8c33-a7e1c0d7f088" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.townsquaremedia.com/role/GoodwillandOtherIntangibleAssetsScheduleofFiniteLivedandIndefiniteLivedIntangibleAssetsDetails" xlink:type="simple" xlink:href="tsq-20260630.xsd#GoodwillandOtherIntangibleAssetsScheduleofFiniteLivedandIndefiniteLivedIntangibleAssetsDetails"/>
  <link:calculationLink xlink:role="http://www.townsquaremedia.com/role/GoodwillandOtherIntangibleAssetsScheduleofFiniteLivedandIndefiniteLivedIntangibleAssetsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_019e8a31-c7aa-7fc0-acb1-b40cdac09f18" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IntangibleAssetsNetExcludingGoodwill"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IntangibleAssetsGrossExcludingGoodwill_019e8a31-c7aa-7fbe-bf59-3ab96d981f66" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IntangibleAssetsGrossExcludingGoodwill"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_019e8a31-c7aa-7fc0-acb1-b40cdac09f18" xlink:to="loc_us-gaap_IntangibleAssetsGrossExcludingGoodwill_019e8a31-c7aa-7fbe-bf59-3ab96d981f66" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_019e8a31-c7aa-7eb6-b12f-667864a907e9" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_019e8a31-c7aa-7fc0-acb1-b40cdac09f18" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_019e8a31-c7aa-7eb6-b12f-667864a907e9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019e8a31-c7aa-709b-92c6-62641faa3a2d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_019e8a31-c7aa-741b-9c8f-b894ae7f683d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019e8a31-c7aa-709b-92c6-62641faa3a2d" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_019e8a31-c7aa-741b-9c8f-b894ae7f683d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsGross_019e8a31-c7aa-761d-ab37-109de7b9d04a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsGross"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019e8a31-c7aa-709b-92c6-62641faa3a2d" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsGross_019e8a31-c7aa-761d-ab37-109de7b9d04a" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.townsquaremedia.com/role/GoodwillandOtherIntangibleAssetsScheduleofFiniteLivedIntangibleAssetsFutureAmortizationDetails" xlink:type="simple" xlink:href="tsq-20260630.xsd#GoodwillandOtherIntangibleAssetsScheduleofFiniteLivedIntangibleAssetsFutureAmortizationDetails"/>
  <link:calculationLink xlink:role="http://www.townsquaremedia.com/role/GoodwillandOtherIntangibleAssetsScheduleofFiniteLivedIntangibleAssetsFutureAmortizationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019e8a31-c7aa-7aa1-b06e-f7711f6ad6c5" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_019e8a31-c7aa-7ad0-8cbb-45c9b9b2ee3f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019e8a31-c7aa-7aa1-b06e-f7711f6ad6c5" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_019e8a31-c7aa-7ad0-8cbb-45c9b9b2ee3f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_019e8a31-c7aa-733b-a33a-83e669d13359" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019e8a31-c7aa-7aa1-b06e-f7711f6ad6c5" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_019e8a31-c7aa-733b-a33a-83e669d13359" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_019e8a31-c7aa-71ae-b3e1-c632a5fa5bd6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019e8a31-c7aa-7aa1-b06e-f7711f6ad6c5" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_019e8a31-c7aa-71ae-b3e1-c632a5fa5bd6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear_019e8a31-c7aa-7328-9210-e4af527c6023" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019e8a31-c7aa-7aa1-b06e-f7711f6ad6c5" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear_019e8a31-c7aa-7328-9210-e4af527c6023" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_tsq_FiniteLivedIntangibleAssetsExpectedAmortizationAfterYearFour_019e8a31-c7aa-7d4e-b6b0-bc6b18869073" xlink:href="tsq-20260630.xsd#tsq_FiniteLivedIntangibleAssetsExpectedAmortizationAfterYearFour"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019e8a31-c7aa-7aa1-b06e-f7711f6ad6c5" xlink:to="loc_tsq_FiniteLivedIntangibleAssetsExpectedAmortizationAfterYearFour_019e8a31-c7aa-7d4e-b6b0-bc6b18869073" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_019e8a31-c7aa-7784-b5f8-1497a04cf7a4" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019e8a31-c7aa-7aa1-b06e-f7711f6ad6c5" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_019e8a31-c7aa-7784-b5f8-1497a04cf7a4" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.townsquaremedia.com/role/LongTermDebtScheduleofLongTermDebtDetails" xlink:type="simple" xlink:href="tsq-20260630.xsd#LongTermDebtScheduleofLongTermDebtDetails"/>
  <link:calculationLink xlink:role="http://www.townsquaremedia.com/role/LongTermDebtScheduleofLongTermDebtDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt_019e8a31-c7aa-7368-800a-d32db73323fe" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongTermDebt"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtNoncurrent_019e8a31-c7aa-728a-af45-a7b8a4c715e8" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongTermDebtNoncurrent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermDebt_019e8a31-c7aa-7368-800a-d32db73323fe" xlink:to="loc_us-gaap_LongTermDebtNoncurrent_019e8a31-c7aa-728a-af45-a7b8a4c715e8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtCurrent_019e8a31-c7aa-7d99-8a3c-76ca4b7686ef" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongTermDebtCurrent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermDebt_019e8a31-c7aa-7368-800a-d32db73323fe" xlink:to="loc_us-gaap_LongTermDebtCurrent_019e8a31-c7aa-7d99-8a3c-76ca4b7686ef" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.townsquaremedia.com/role/LongTermDebtScheduleofLongTermDebtDetails_1" xlink:type="simple" xlink:href="tsq-20260630.xsd#LongTermDebtScheduleofLongTermDebtDetails_1"/>
  <link:calculationLink xlink:role="http://www.townsquaremedia.com/role/LongTermDebtScheduleofLongTermDebtDetails_1" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt_019e8a31-c7aa-715b-8f94-00c21302013c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongTermDebt"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredFinanceCostsNet_019e8a31-c7aa-7fe9-94ab-eeef1064eff7" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DeferredFinanceCostsNet"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermDebt_019e8a31-c7aa-715b-8f94-00c21302013c" xlink:to="loc_us-gaap_DeferredFinanceCostsNet_019e8a31-c7aa-7fe9-94ab-eeef1064eff7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentCarryingAmount_019e8a31-c7aa-73c3-a85c-b09c2b99999b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DebtInstrumentCarryingAmount"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermDebt_019e8a31-c7aa-715b-8f94-00c21302013c" xlink:to="loc_us-gaap_DebtInstrumentCarryingAmount_019e8a31-c7aa-73c3-a85c-b09c2b99999b" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.townsquaremedia.com/role/LongTermDebtScheduleofAnnualMaturitiesofLongTermDebtDetails" xlink:type="simple" xlink:href="tsq-20260630.xsd#LongTermDebtScheduleofAnnualMaturitiesofLongTermDebtDetails"/>
  <link:calculationLink xlink:role="http://www.townsquaremedia.com/role/LongTermDebtScheduleofAnnualMaturitiesofLongTermDebtDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentCarryingAmount_019e8a31-c7aa-7c6e-8c5d-2c2c4a177abf" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DebtInstrumentCarryingAmount"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_019e8a31-c7aa-7046-9958-78a11fb02b4b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_DebtInstrumentCarryingAmount_019e8a31-c7aa-7c6e-8c5d-2c2c4a177abf" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_019e8a31-c7aa-7046-9958-78a11fb02b4b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_019e8a31-c7aa-7e67-801d-9cc5e3a7bdde" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_DebtInstrumentCarryingAmount_019e8a31-c7aa-7c6e-8c5d-2c2c4a177abf" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_019e8a31-c7aa-7e67-801d-9cc5e3a7bdde" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_019e8a31-c7aa-7ca7-bc15-29f9140b5330" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_DebtInstrumentCarryingAmount_019e8a31-c7aa-7c6e-8c5d-2c2c4a177abf" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_019e8a31-c7aa-7ca7-bc15-29f9140b5330" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_tsq_LongTermDebtMaturityAfterYearFour_019e8a31-c7aa-7e65-a10b-660adc63b42d" xlink:href="tsq-20260630.xsd#tsq_LongTermDebtMaturityAfterYearFour"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_DebtInstrumentCarryingAmount_019e8a31-c7aa-7c6e-8c5d-2c2c4a177abf" xlink:to="loc_tsq_LongTermDebtMaturityAfterYearFour_019e8a31-c7aa-7e65-a10b-660adc63b42d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_019e8a31-c7aa-70e0-bc85-f7e5b432f3ea" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_DebtInstrumentCarryingAmount_019e8a31-c7aa-7c6e-8c5d-2c2c4a177abf" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_019e8a31-c7aa-70e0-bc85-f7e5b432f3ea" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_019e8a31-c7aa-75dc-99eb-f6b9a3c8d989" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_DebtInstrumentCarryingAmount_019e8a31-c7aa-7c6e-8c5d-2c2c4a177abf" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_019e8a31-c7aa-75dc-99eb-f6b9a3c8d989" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.townsquaremedia.com/role/NetLossIncomePerShareDetails" xlink:type="simple" xlink:href="tsq-20260630.xsd#NetLossIncomePerShareDetails"/>
  <link:calculationLink xlink:role="http://www.townsquaremedia.com/role/NetLossIncomePerShareDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_019e8a31-c7aa-7629-a0ae-23ea13cdd75e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetIncomeLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_019e8a31-c7aa-7100-bf33-23e4ba5d72c2" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProfitLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLoss_019e8a31-c7aa-7629-a0ae-23ea13cdd75e" xlink:to="loc_us-gaap_ProfitLoss_019e8a31-c7aa-7100-bf33-23e4ba5d72c2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_019e8a31-c7aa-772a-a826-1c4f3826f102" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLoss_019e8a31-c7aa-7629-a0ae-23ea13cdd75e" xlink:to="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_019e8a31-c7aa-772a-a826-1c4f3826f102" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_019e8a31-c7aa-7ee5-95f1-ab383eb6587a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_019e8a31-c7aa-73c7-8763-fec3fc9e3fd6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_019e8a31-c7aa-7ee5-95f1-ab383eb6587a" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_019e8a31-c7aa-73c7-8763-fec3fc9e3fd6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment_019e8a31-c7aa-7dfa-b589-38ea10743b21" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_019e8a31-c7aa-7ee5-95f1-ab383eb6587a" xlink:to="loc_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment_019e8a31-c7aa-7dfa-b589-38ea10743b21" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.townsquaremedia.com/role/SegmentReportingScheduleofReportableSegmentResultsDetails" xlink:type="simple" xlink:href="tsq-20260630.xsd#SegmentReportingScheduleofReportableSegmentResultsDetails"/>
  <link:calculationLink xlink:role="http://www.townsquaremedia.com/role/SegmentReportingScheduleofReportableSegmentResultsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GrossProfit_019e8a31-c869-7380-b2f6-3c98eac1be95" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_GrossProfit"/>
    <link:loc xlink:type="locator" xlink:label="loc_tsq_DirectOperatingExpenseExcludingDepreciationAndAmortization_019e8a31-c869-762c-be31-680ac9cfdc51" xlink:href="tsq-20260630.xsd#tsq_DirectOperatingExpenseExcludingDepreciationAndAmortization"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_GrossProfit_019e8a31-c869-7380-b2f6-3c98eac1be95" xlink:to="loc_tsq_DirectOperatingExpenseExcludingDepreciationAndAmortization_019e8a31-c869-762c-be31-680ac9cfdc51" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_019e8a31-c869-761e-bdb0-d970ed7a32d0" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_GrossProfit_019e8a31-c869-7380-b2f6-3c98eac1be95" xlink:to="loc_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_019e8a31-c869-761e-bdb0-d970ed7a32d0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingIncomeLoss_019e8a31-c869-7d55-81e8-f75e43a730c2" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingIncomeLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GrossProfit_019e8a31-c869-71a5-8edd-c537f2d2e12d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_GrossProfit"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_019e8a31-c869-7d55-81e8-f75e43a730c2" xlink:to="loc_us-gaap_GrossProfit_019e8a31-c869-71a5-8edd-c537f2d2e12d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationDepletionAndAmortization_019e8a31-c869-79d5-83a8-d2d9b11d2124" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DepreciationDepletionAndAmortization"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_019e8a31-c869-7d55-81e8-f75e43a730c2" xlink:to="loc_us-gaap_DepreciationDepletionAndAmortization_019e8a31-c869-79d5-83a8-d2d9b11d2124" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationAcquisitionRelatedCosts_019e8a31-c869-78f4-8b71-fa79f07c942e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_BusinessCombinationAcquisitionRelatedCosts"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_019e8a31-c869-7d55-81e8-f75e43a730c2" xlink:to="loc_us-gaap_BusinessCombinationAcquisitionRelatedCosts_019e8a31-c869-78f4-8b71-fa79f07c942e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainLossOnDispositionOfAssets1_019e8a31-c869-7cff-916f-490f7ed30fa3" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_GainLossOnDispositionOfAssets1"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_019e8a31-c869-7d55-81e8-f75e43a730c2" xlink:to="loc_us-gaap_GainLossOnDispositionOfAssets1_019e8a31-c869-7cff-916f-490f7ed30fa3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ImpairmentOfIntangibleAssetsExcludingGoodwill_019e8a31-c869-7a59-a520-dfacf9e99617" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ImpairmentOfIntangibleAssetsExcludingGoodwill"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_019e8a31-c869-7d55-81e8-f75e43a730c2" xlink:to="loc_us-gaap_ImpairmentOfIntangibleAssetsExcludingGoodwill_019e8a31-c869-7a59-a520-dfacf9e99617" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_019e8a31-c869-77c5-8b03-82e8f756c28e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_GeneralAndAdministrativeExpense"/>
    <link:calculationArc order="6" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_019e8a31-c869-7d55-81e8-f75e43a730c2" xlink:to="loc_us-gaap_GeneralAndAdministrativeExpense_019e8a31-c869-77c5-8b03-82e8f756c28e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensation_019e8a31-c869-723c-a572-93a2886b0b64" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ShareBasedCompensation"/>
    <link:calculationArc order="7" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_019e8a31-c869-7d55-81e8-f75e43a730c2" xlink:to="loc_us-gaap_ShareBasedCompensation_019e8a31-c869-723c-a572-93a2886b0b64" xlink:type="arc"/>
  </link:calculationLink>
</link:linkbase>
