Saga Communications Reports Q3 Financials
November 7, 2012 at 8:51 AM (PT)
SAGA COMMUNICATIONS has reported Net income for the quarter ended SEPTEMBER 30, 2012 increased 17.2% to $4.3 million ($1.02 per fully diluted share compared to $0.87 per fully diluted share for the same period last year). Free cash flow increased 2.2% to $6.1 million.
For the three month period net operating revenue increased 1.2% from the comparable period in 2011 to $32.4 million with operating income from continuing operations of $8.1 million compared to $7.1 million for the same period last year. For the same period, station operating expense decreased 2.4% to $22.4 million (station operating expense includes depreciation and amortization attributable to the stations).