Saga 1Q Television Rev Grows 10%

Saga Communications today reported financial results for the quarter ended March 31 that included television net operating revenue of $5.3 million, which was up 10.3% from $4.8 million reported for the same quarter last year.

Television operating income came in at $1.7 million, an increase of 20% from $1.4 million in last year’s first quarter.

Saga owns or operates broadcast properties in 26 markets, including four full-power television stations and five low-power TV stations as well as 67 FM and 32 AM stations.

The company as a whole reported 1Q net operating revenue of $32.7 million, an increase of 12.6% from $29.1 million in 1Q 2015, and a 41.9% increase in net income to $3.0 million ($0.52 per fully diluted share).

Read the company’s report here.