Saga Same Station Revenue Down 18%

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, senior content producer at B+C/Multichannel News, covers network programming, including entertainment, news and sports on broadcast, cable and streaming; and local broadcast television. He hosts the podcasts Busted Pilot, about what’s new in television, and Series Business, a chat with the creator of a new program, and writes the column “The Watchman.” He joined B+C in 2005. His journalism has also appeared in The New York Times, The Philadelphia Inquirer, Playboy and New York magazine.