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Company News

Saga Q2 Revs Gain 4%, Net Earnings Rise to $3.7M Saga Communications reported second quarter net operating revenue increased 4% to $32.9 million from $31.6 million in 2009. Operating income (OI) rose to $7.8 million compared to $6.2 million. Free cash flow was $5.7 million for the quarter. The company posted net earnings of $3.7 million (87 cents per diluted share) a More

Saga Flips WJZA and WODB/Columbus to ''Rewind'' Saga flips WJZA-FM (Smooth Jazz 103.5) and Classic Rock WODB-FM (Big Hits B104.3)/Columbus to 80s-based Classic Hits as "Rewind 103.5 & 104.3." President/GM Alan Goodman says the flip increases the station's pursuit of female listeners. "Rewind will play no ballads, only the greatest uptempo hits. Its appeal will b More

Saga/Milwaukee President/GM Tom Joerres to Retire Saga Communications/Milwaukee President/General Manager Tom Joerres is retiring after almost three decades with radio group, effective at the end of August, 2010. Senior VP Warren Lada will step into the position on September 1 on an interim basis as he conducts an inside/outside pursuit for Joerres' replacement. More

WJZX/Milwaukee to Country as ''Big Buck Country'' After stunting since Memorial Day weekend, Saga flips Smooth Jazz WJZX-FM/Milwaukee to Country as "Big Buck Country-Milwaukee's Country Legends" with new calls WNQW. The new outlet will feature artists such as Garth Brooks, Reba McEntire, Brooks & Dunn, Clint Black, Toby Keith, Willie Nelson, along with songs from the late ' More

Saga Q1 Net Operating Revenue Gains 7%, Radio Up Saga Communications posted net operating revenue for the first quarter grew 7.1% to to $27.9 million from $26.1 million in 2009. Free cash flow increased 140% to $2.3 million compared to $939,000. Station operating expense declined 5.8% to $22.6 million. The company reported net earnings of $3.3 million (78 cents per diluted sha More

BIA/Kelsey Reveals Top Ownership Groups of 2009 Clear Channel was the top radio ownership group of 2009, with revenues of $2.3 billion according to the new edition of "Investing In Radio Ownership Report" from BIA/Kelsey. CC was followed by CBS Radio ($1.2 billion), Citadel ($595 million), Cumulus Media ($412 million) and Entercom ($384 million). Cox Radio (362.4 millio More

Battle of the FCC Filings Rage in Ithaca New York There's a battle raging in Ithaca, NY, between ROI Broadcasting and Saga Communications. In the latest round, the agency denied ROI's objection in a what they treated as a Petition for Reconsideration when Saga filed an application for a minor change for FM translator station W277BSlast January. The FCC staff granted the c More

Norman McKee Named Local Media of America CFO Local Media of America appoints Norman McKee as CFO overseeing the financial affairs of its 6-station radio group in San Diego, reporting directly to media industry vet and LMA CEO John Lynch. McKee served for more than ten years as the CFO of Saga Communications. Most recently, he was CFO of Live Sports Radio, an in-stadium bro More

Saga Q4 Operating Revs Down 8.9%, Loss Narrows Saga Communications reported net operating revenue for the fourth quarter fell 8.9% to $31.8 million from $26.5 million in 2008. Free cash flow increased 11.8% to $6.6 million, while station operating expense fell 10.2% to $23.9 million. The company posted a net loss of $7.4 million ($1.74 per share) as compared to a net loss of More

Paul Kelley Exits Saga/Norfolk as VP/Market Manager Paul Kelley exits Saga Communications as VP/Market Manager for its 4-station group in Norfolk-Virginia Beach, where he oversaw Active Rock WNOR-FM (FM 99), Classic Rock WAFX-FM (The Fox) and Nostalgia WJOI-AM (Joy 1230). Prior to joining the Norfolk group, hey spent two years as GM Classical WCRB-FM/Boston. Before WCRB, Kelley s More

Acacia Research Settles with Cox Radio Over Patent Acacia Research Corp.'s Aldav LLC unit has reached a settlement and license agreement with Cox Radio. This partially resolves patent litigation pending in the U.S. District Court against several major radio groups for allegedly infringing on a patent that allows radio outlets to replace local content with content for those liste More

Chris Forgy Exits Radio One/Cleveland as VP/GM Chris Forgy exits Radio One/Cleveland as VP/GM of its 4-station group in Cleveland, including Urban WENZ-FM, Gospel WJMO-AM, Urban Talk WERE-AM and Urban AC WZAK-FM. The 29-year radio vet spent the last three and half years in the post. Previously, Forgy served as Director of Sales with Saga Communications/Columbus, OH, for 11 y More

WNCI and WLZT/Columbus Taps Florentino as PD Tony Florentino is named Program Director of Clear Channel CHR powerhouse WNCI-FM and AC WLZT-FM. Most recently, he was OM at crosstown Saga with programming duties at AC WSNY-FM (Sunny 94.7). Florentino replaces Michael McCoy, who made the move to CC-owned CHR WKQI-FM (Channel 95.5)/Detroit. Before joining WSNY in October More

All-Holiday Flips Abound as Christmas Approaches Thanksgiving is less than two weeks away and the number of stations flipping to all-Holiday and Christmas music continues to grow. CBS Radio's Oldies WODS-FM/Boston makes the switch for the seven consecutive year, while Entercom's Variety Hits WNTR-FM (107.9 The Track)/Indianapolis flips to all Christmas with a format flip likel More

Saga Q3 Net Revenues Drop 13.7%, Earnings Down Saga Communications posted a 13.7 drop in third quarter net operating revenue to $31.3 million from $36.1 million in 2008. Operating income fell to $5.8 million from $7.4 million. Station operating expense decreased $3 million to $23.6 million. The broadcaster reported net earnings of $2.5 million (58 cents per diluted share) as More

Saga/Columbus Appoints TJ Holland as Ops Mgr. Saga Communications/Columbus appoints TJ Holland as Operations Manager replacing Tony Florentino, whose contract was not renewed. Holland previously served as Director of Programming for Cumulus/Cincinnati before exiting in March over budget issues. While there, he was PD of AC WRRM (Warm 98) and also oversaw the programming of More

Royce Loses Escrow Appeal in Entercom/KWOD Case Yet another court ruling has come down in the long running saga of Royce International vs. Entercom over the sale of KWOD-FM/Sacramento. The latest appeal by Royce concerns a post-judgment order terminating the escrow account containing $25 million that Entercom deposited towards the purchase price. Royce contends the tria More

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