Saga 3Q Television Revenue Up 18.5%

Saga Communications Inc. today reported results for the quarter ended Sept. 30 that included an 18.5% increase in television net operating revenue to $4,911,000 from $4,142,000 in the same quarter a year earlier.

Operating income from continuing operations for the TV stations was $1.9 million, a 53.9% increase from $1.2 million in 2Q 2011.

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

The company as a whole reported a 17.2% increase in net operating revenue to $4.3 million while station operating expense decreased 2.4% compared to the same period last year to $22.4 million.

Read the company’s report here.