Saga Communications Reports 3Q Revenue Off 1.6 Percent

Saga Communications, Inc. today reported free cash flow increased 11.3% to $5.5 million for the quarter ended September 30, 2015.

• Net revenue decreased 1.6% to $33.8 million.  
• Station operating expense decreased $2.0 million to $24.3 million 
• Operating income increased 14.0% to $6.5 million.  
• Net income for the period was $3.1 million
• Free cash flow increased 3.2% to $14.7 million.  

During the quarter the Company closed on it purchases of 4 FM and 2 AM radio stations serving the Harrisonburg, VA radio market.  The total purchase price was $11.0 million.