Rochester, NY 9/1/2009 6:56:47 AM
Saga Communications Inc. SGA,Up 10.47% after trading session end
Saga Communications Inc.
Saga Communications, Inc. (NYSE Amex: SGA) today reported that 2nd quarter 2009 free cash flow increased 1.2% to $6.0 million compared to $5.9 million for the same period last year. Net operating revenue decreased 15.3% from the comparable period in 2008 to $31.6 million and operating income decreased to $6.2 million. Net income was $2.7 million ($.63 per fully diluted share) for the quarter ended June 30, 2009 compared to $3.5 million ($.70 per fully diluted share) for the comparable period in 2008. For the same period, station operating expense decreased $4.0 million to $23.3 million (station operating expense includes depreciation and amortization attributable to the stations).
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Last Trade: 14.25
Day's Range: 13.05 - 14.50
52wk Range: 3.00 - 25.96
Change: Up 1.35 (10.47%)
Volume: 9,299
Avg Vol (3m): 6,156.92
About Saga Communications Inc.
Saga Communications, Inc. is a broadcast company primarily engaged in acquiring, developing and operating radio and television stations. As of February 28, 2009, the Company owned and/or operated five television stations and four low-power television stations serving three markets, five radio information networks, and 61 FM and 30 AM radio stations serving 23 markets, including Columbus, Ohio; Norfolk, Virginia; Milwaukee, Wisconsin; Manchester, New Hampshire; Des Moines, Iowa; and Joplin, Missouri. The Company operates through two business segments: Radio and Television. The Radio segment includes 23 markets, which includes all 91 of its radio stations and five radio information networks. The Television segment includes three markets and consists of five television stations and four low power television (LPTV) stations.
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