Saga Same Station Revenue Down 18%

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Saga Communications reported net operating revenue for the first quarter to be $26.1 million, down 17.2% from the same quarter last year. Same station net operating revenue was $25.9 million, a 17.7% slip from the same quarter last year.
Station operating expense decreased 5.8% to $23.9 million for the same period.

Saga’s gross political revenue was $38,000 for the quarter, compared to $651,000 for the same period last year.

Michigan-based Saga owns about a hundred radio stations and five full-power TV stations, including WXTV Greenville (MS) and KOAM Joplin (MO).

Michael Malone
Michael Malone

Michael Malone is content director at B+C and Multichannel News. He joined B+C in 2005 and has covered network programming, including entertainment, news and sports on broadcast, cable and streaming; and local broadcast television, including writing the "Local News Close-Up" market profiles. He also hosted the podcasts "Busted Pilot" and "Series Business." His journalism has also appeared in The New York Times, The L.A. Times, The Boston Globe and New York magazine.