Thursday, November 3, 2011

Saga Communications Reports 3rd Quarter 2011 Results ...







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Q3 Revs Down, Income Up

SAGA COMMUNICATIONS has reported third-quarter financial results.

Net income for Q3 increased 3.9% to $3.7 million ($0.87 per fully diluted share compared to $0.84 per fully diluted share for the same period last year). Free cash flow was flat with the same period last year at $6.0 million.?

For the three month period ended SEPTEMBER 30th, 2011, 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. For the same period, station operating expense was also even with last year at $23.6 million (station operating expense includes depreciation and amortization attributable to the stations).

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Source: http://www.allaccess.com/net-news/archive/story/98538/saga-communications-reports-3rd-quarter-2011-resul

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