The company's four full-power and four low-power stations account for $5.9 million in 4Q and $20.1 for all of last year.
Saga Posts TV Rev Gains For 4Q, 2014
Saga Communications today reported results for the quarter ended Dec. 31, 2014, that included television net operating revenue of $5.9 million, which was up 14.2% from $5.2 million reported for the same quarter last year.
For the full year 2014, television net operating revenue totaled $20.1 million, up 2% from $19.7 in 2013.
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 4Q net operating revenue of $36.4 million, an increase of 7.6% from $33.8 million in 4Q 2013, and a 37.8% rise in net income to $4.4 million ($0.76 per fully diluted share). For the full year 2014, net operating revenue was $134 million, up 3.7% from $129 million in 2013.
Read the company’s report here.
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