Revenue for the company’s five full-power and four low-power stations drops from $4.9 million in last year’s third quarter to $4.3 million.
Saga today announced that its third-quarter television segment revenue was $4.3 million, a decrease of 12.3 percent from $4.9 million in last year’s third quarter.
Operating income for the segment dropped 42.1 percent in the quarter, from $1.3 million to $751,000.
For the company as a whole, Net operating revenue decreased 13.7% from the comparable period in 2008 to $31.3 million. Operating income was $5.8 million. Net income was $2.5 million ($.58 per fully diluted share) for the quarter ended September 30, 2009 compared to $3.1 million ($.65 per fully diluted share) for the comparable period in 2008.