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Wednesday, November 23, 2011

Saga Reports Flat Revenue in Q3

Ed Christian's company reported net operating revenue decreased 1.0% from the comparable period in 2010 to $32.5 million with operating income of $7.0 million compared to $7.4 million for the same period last year.  Saga also reported net income for the 3rd quarter increased 3.9% to $3.7 million. Free cash flow was flat with the same period last year at $6.0 million. Saga owns or operates broadcast properties in 26 markets, including 61 FM and 30 AM radio stations, 3 state radio networks, 2 farm radio networks, 5 television stations and 4 low-power television stations. 

In keeping with the general theme of "flat" revenue,

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