Saga Reports Q3 Financials
November 4, 2008 at 9:12 AM (PT)
SAGA COMMUNICATIONS has reported that 3rd quarter 2008 free cash flow was approximately flat at $5.5 million. Net operating revenue was also approximately flat with the comparable period in 2007 at $36.2 million and operating income decreased 7.2% to $7.4 million.
Net income decreased $224,000 to $3.1 million for the quarter ended SEPTEMBER 30th, 2008. For the same period, station operating expense increased $613 thousand to $26.6 million. On a same station basis for the quarter, net operating revenue decreased 1.0% to $35.9 million, operating income decreased 7.8% to $7.3 million and station operating expense increased $384,000 to $26.3 million.