Saga Q4 Revenues, Income Up
February 27, 2007 at 6:21 AM (PT)
SAGA COMMUNICATIONS fourth-quarter revenues rose 7.8% to $38.2 million, with net income up 94.3% to $3.7 million (18 cents/fully diluted share). The jump in net income is partially due to one-time charges taken in fourth quarter 2005, plus losses in 2005 related to sale of some assets. Same-station net operating revenue jumped 7.6% to $38.2 million.
The company's radio segment saw reveunes rise from $31.357 million to $33.174 million.