Saga 4Q TV Revenue Dips 3.2%

Saga Communications today reported financial results for the fourth quarter ended Dec. 31, 2011, that included a 3.2% decrease in television net operating revenue to $4,974,000 from $5,136,000 in the same quarter a year earlier.

Saga owns or operates broadcast properties in 26 markets, including five television stations and four low-power television stations; 61 FM and 30 AM radio stations; three state radio networks; and two farm radio networks.

For the company as a whole, net operating revenue decreased 3.6% from the comparable period in 2010 to $32.9 million. Station operating expense of $23.5 million for the quarter was approximately equal with the comparable period in 2010 (station operating expense includes depreciation and amortization attributable to the stations).

Net income for the period was $4.1 million ($0.97 per fully diluted share) compared to $4.6 million ($1.08 per fully diluted share) for the same period last year.

Read the company’s report here.