Saga Posts 6.4% Gain in 1Q Revenue

Saga Communications today reported results for the quarter ended March 31, that included television net operating revenue of $4.8 million, which was up 6.4% from $4.5 million reported for the same quarter last year.

Television operating income came in at $1.4 million, an increase of 11.7% from $1.3 million in last year’s first quarter.

Saga owns or operates broadcast properties in 25 markets, including four full-power television stations and five low-power TV stations; 62 FM and 30 AM stations; and one state radio network.

The company as a whole reported 1Q net operating revenue of $29.1 million, a decrease of 1.3% from $29.4 million in 1Q 2014, and a 12.6% decrease in net income to $2.1 million ($0.36 per fully diluted share).

Read the company’s report here.