Saga TV Revenue Dips 3.5% In 2Q

Saga Communications today reported results for the quarter ended June 30 that included television net operating revenue of $4.498 million, which was down 3.5% from $5.158 million reported for the same quarter last year.

Saga owns or operates broadcast properties in 25 markets, including four full-power television stations and four low-power TV stations; 62 FM and 30 AM stations; three state radio networks; and two farm radio networks.

The company as a whole reported flat net operating revenue of $33.8 million and a 0.6% drop in net income to $4.8 million ($0.82 per fully diluted share).

Read the company’s report here.