Saga Communications Q1 Net Revs Down 14.5% to $22.3M

RADIO ONLINE | Thursday, May 6, 2021 | 12:03pm CT

Saga Communications

Saga Communications reported first quarter net revenue fell 14.5% to $22.3 million from $26.1 million in 2020. Station operating expense decreased $3.3 million to $18.9 million, while station operating income dropped 14.5% to $4.7 million from $5.5 million. Operating income fell to $883,000 from $2.2 million. The company posted a net income of $758,000 (13 cents per diluted share) as compared to earnings of $1.6 million (28 cents) in the year-ago period.