Saga Q4 Net Revenue Up 7.4%
Full Earnings Release Postponed
March 4, 2011 at 12:00 PM (PT)
SAGA COMMUNICATIONS, INC. will postpone the full release of its 4th quarter and year-end 2010 earnings release and conference call due to health-related issues of one of its accountant's family members, which resulted in delays in the finalization of SAGA's year-end analysis.
SAGA did report preliminary results that showed a 7.4% increase in net revenue for Q4 to $34.1 million. For the same period, operating income increased 35.7% to $9.0 million (excluding any charge for impairment of intangible assets) and free cash flow increased 8.7% to $7.2 million.
For the year ended DECEMBER 31st, 2010, preliminary results include an increase in net revenue of 5.8% to $127.8 million. Operating income increased 48.6% to $27.8 million (excluding any charge for impairment of intangible assets). Free cash flow increased 10% to $21.1 million.