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Thursday, August 4, 2016

Saga Reports 6.1 Percent 2Q Revenue Increase

Saga Communications, Inc. today reported net revenue increased 6.1% to $36.4 million for the quarter ended June 30, 2016.


Other highlights:
  • Free cash flow increased 15.6% to $6.5 million.  
  • Operating Income increased 12.6% to $8.4 million.  
  • Station operating expense increased 4.6% to $25.4M
  • Same Station net revenue increased 0.8% to $34.2M
  • Same station operating expense was flat at $24.0M
  • Net income for the period was $4.8 million
Net Revenue increased 9.1% to $69.2 million for the six months ended June 30, 2016.

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