Saga 3Q Television Revenue Grows 18%

Saga Communications today reported third quarter financial results that included television station net operating revenue of $6.2 million, an increase of 17.8% from $5.3 million in 3Q 2015.

Television operating income came in at $2.6 million, up 45% from $1.8 million.

Saga owns or operates radio and TV 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 3Q net revenue increased 6.8% to $36.1 million for the quarter. Operating Income increased 43.5% to $9.3 million. Net income for the period was $5.4 million ($0.92 per fully diluted share compared to $0.53 for the same period last year). 

Read the company’s report here.