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Saga Communications Q3 Net Revs Up 1.3% to $30.3M
Saga Communications reported third quarter net revenue increased 1.3% to $30.3 million from $29.8 million in 2016. Station operating expense was flat at $21.8 million, while operating income fell to $5.5 million from $6.8 million -- primarily due to a gain of $1.4 million recognized from the sale of one of the More

Q2 Broadcast Station M&A Volume Nears $4.5 Billion
The volume of broadcast station mergers and acquisitions in the U.S. reached $4.47 billion in the second quarter of 2017, according to estimates from Kagan, a group within S&P Global Market Intelligence. The top radio deal was the $82.8 million sale of Hip-Hop KPWR-FM/Los Angeles from Emmis Communications to More

Saga Declares Quarterly Cash Dividend of $0.30
Saga Communications announced Wednesday that its board of directors have declared a quarterly cash dividend of $0.30 per share. The dividend will be paid on October 13, 2017 to shareholders of record on September 25. The amount of the payment to be made in connection with the quarterly dividend will be about $1.8 More

Saga Closes on TV Markets Sale, Enters Charleston
Saga Communications has closed on the previously announced sale of its television stations in the Joplin, MO-Pittsburg, KS and Victoria, TX, markets to the Evening Telegram Company (dba Morgan Murphy Media) for $66.6 million. Concurrently, Saga closed on the purchase of WCKN-FM, WMXZ-FM, WXST-FM, WAVF-FM, WSPO-AM, W261DG and More

Saga Q2 Radio Net Revenue Down Over 2016
Saga Communications reported second quarter net revenue of $30.3 million from continuing operations compared to $30.9 million for the same period last year. Station operating expense decreased to $21.4 million compared to $21.8 million, while station operating income (SOI) was $5.9 million compared to $6.4 million. The company More

Jimmy Steele Joins Cumulus/Mobile as OM
Jimmy Steele
Jimmy Steele
Seasoned radio programmer Jimmy Steele has been named Operations Manager for Cumulus Media's five-station cluster in Mobile, AL. In the newly created position, Steele will oversee operations for WABD-FM, WGOK-AM, WBLX-FM, WDLT-FM and WXQW-AM. He will also serve as Program Director for WXQW-AM. "I'm thrilled to join More

Compass Media Networks Acquires Yamanair Creative
Compass Media Networks has acquired the assets of Yamanair Creative, including Cash-by-Creative and SPECByte while retaining the services of the management team including CEO & Founder Yaman Coskun. Founded in 2000, Yamanair Creative provides radio stations and groups in over 330 markets, including Alpha Media, Beasley More

Jeff Wade Named WBAL/Baltimore News Director
Jeff Wade join WBAL-AM (Newsradio 1090) Baltimore as News Director, effective June 5. He joins the Hearst outlet after a successful tenure as Director of News and Talk Programming for Binnie Media based in Concord, NH. Previously, Wade was a News and Talk Specialist with Saga Communications. He's also held the News Director More

Saga Divests Two TV Markets, Enters Charleston SC
Saga Communications has agreed to sell the company's television stations in the Joplin, MO-Pittsburg, KS and Victoria, TX to the Evening Telegram Company (dba Morgan Murphy Media) $66.6 million. Concurrently, Saga announced the purchase of WCKN-FM, WMXZ-FM, WXST-FM, WAVF-FM, WSPO-AM, W261DG and W257BQ, serving Charleston, SC More

Saga Q1 Net Revenue Declines 4.1%, Earnings Down
Saga Communications reported first quarter net revenue decreased 4.1% to $31.4 million from $32.7 million in 2016. The decline was mainly due to a reduction in political revenue of $1.3 million. Station operating expense increased 1.5% to $25.1 million from $24.6 million, while operating income (OI) fell decreased $1.9 million More

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