Saga Reports Net Revs Up 7.1%
May 11, 2010 at 9:13 AM (PT)
SAGA COMMUNICATIONS today reported net operating revenue for the quarter ended MARCH 31st increased 7.1% to $28.0 million. Free cash flow increased 140% to $2.3 million for the quarter compared to $939 thousand for the same period in 2009.
Station operating expense decreased 5.8% compared to the same period last year to $22.6 million (station operating expense includes depreciation and amortization attributable to the stations).
The Company's net income for the period was $3.3 million ($.78 per fully diluted share) compared to a net loss of $362 thousand (-$0.09 per fully diluted share) for the same period last year.