Saga 2Q Revenue Up Slightly
August 9, 2007 at 11:12 AM (PT)
SAGA COMMUNICATIONS announced that net operating revenue in the second quarter 2007 increased 1.8% over the comparable period in 2006 to $38.4 million. Operating income was approximately flat at $8.8 million.
Net income decreased to $3.8 million ($.19 per fully diluted share) for the quarter ended June 30, 2007 compared to $4.0 million ($.19 per fully diluted share) for the comparable period in 2006. Free cash flow increased to $5.6 million. For the same period, station operating expense increased to $27.0 million. On a same-station basis for the quarter, net operating revenue increased 1.5% to $38.3 million, operating income was approximately flat at $8.8 million and station operating expense increased $486 thousand to $26.9 million.