Saga Revenues, Net Income Down For Fourth Quarter, Free Cash Flow Up
March 8, 2016 at 6:31 AM (PT)
SAGA COMMUNICATIONS, INC. fourth-quarter net revenue fell 2.1% to $35.6 million, with net income falling from $4.4 million to $3.7 million (76 to 63 cents/diluted share). Radio segment net revenue also fell from $30.5 million to $30 million, with operating income off from $7.6 million to $6.9 million.
Free cash flow increased 2.2% to $6.8 million.