Saga TV Revenue Down 12% in Q3

KOAM owner sees TV revenue slide

By Michael Malone -- Broadcasting & Cable, 11/9/2009 4:51:38 PM

Saga Communications announced third quarter television revenue of $4.3 million, down 12.2% from the $4.9 million it posted in the same quarter last year. Television operating income was $751,000, down from the $1.3 million Saga reported in the third quarter last year.
Michigan-based Saga owns or operates five television stations, four low-power TV stations, 91 radio stations and a handful of radio networks.
Saga's net operating revenue was $31.3 million in the third quarter, down 13.7% from the same period in 2008. Saga's third quarter free cash flow increased 5.1% to $5.8 million.