The New York Times and others are reporting on plans by the Los Angeles-based Oaktree Capital Management, which manages over $80 billion in assets, to list itself on the New York Stock Exchange. Oaktree has investments in many industries, but in the radio sector it controls Townsquare Media and Triton Digital. Townsquare holds the former GAP and Regent Communications stations, and just recently announced plans to add the Millennium-New Jersey group to its portfolio, including "New Jersey 101.5" WKXW, Trenton. A listing on the NYSE could value 16-year-old Oaktree at more than $8 billion, and would allow its founders to begin cashing out. The Times notes that "in May 2007, at the market peak, Oaktree's owners sold a minority stake to institutional investors in a private placement. Those shares have since traded on a private exchange run by Goldman Sachs."