Home Login RADIO ONLINE RSS Facebook
Advertisement

Saga Q2 Net Revenue Increases 66.3% to $28 Million


Saga Communications
Saga Communications

Saga Communications reported second quarter net revenue grew 66.3% to $28 million from $16.9 million in 2020. Station operating expense increased 12.9% to $21 million from $18.6 million, while station operating income climbed to $8.4 million from a loss of $181,000. Operating income fell to $4.6 million from a loss of $8.7 million. The company posted a net income of $3.3 million (54 cents per diluted share) as compared to a net loss of $.9 million (82 cents) in the year-ago period.

The company reinstated its quarterly dividend with the declaration of a $0.16 per share dividend which was paid on July 16. The amount of the quarterly dividend was $960,000. The company has now paid over $72 million in dividends to shareholders since the first special dividend was paid in 2012.

Advertisement

Latest Radio Stories

iHeartMedia Chicago Names Kashon Powell VP of Programming
Kashon Powell
Kashon Powell
iHeartMedia Chicago has named veteran programmer Kashon Powell as its new Vice President of Programming, overseeing WGCI-FM, WVAZ-FM, WGRB-AM, and WMFN-AM, effective August 18. Powell brings more than three decades of radio experience to the role, including leadership positions at both Urban One and More

Andrews Returns to Audacy Wisconsin as BM/Afternoons
Brett Andrews
Brett Andrews
Audacy appoints Brett Andrews as Brand Manager for WMHX-FM (Mix 105.1 FM) in Madison and Assistant Brand Manager for both WMYX-FM (99.1 The Mix) and WXSS-FM (103.7 Kiss FM) in Milwaukee, effective July 14. In addition to his leadership roles, Andrews will host afternoons on 99.1 The Mix, airing weekdays from More

Commuting on the Rise in 2025, Boosting Radio's Reach
Katz Radio Group
Katz Radio Group
New research from Katz Radio Group, analyzing the latest YouGov workforce data, reveals that commuting in the U.S. has surged in 2025, with more than 7 in 10 employed adults now traveling to jobs outside the home. The trend marks a 29% increase in commuting since 2020, signaling a More
Advertisement

FCC Removes Nearly 3,000 Words of Rules in DDD Initiative
Federal Communications Commission (FCC)
Federal Communications Commission (FCC)
The Federal Communications Commission (FCC) has taken new steps in its ongoing effort to eliminate outdated and unnecessary regulations under its "Delete, Delete, Delete" initiative, removing approximately 2,991 words and 41 rules from its regulatory code. The Commission's latest action targets what it More

Soros Fund, Del Nin Seek Dismissal of Warshaw Lawsuit
Jeffrey Warshaw
Jeffrey Warshaw
The legal dispute between Connoisseur Media CEO Jeffrey Warshaw and Soros Fund Management (SFM) intensified this week as SFM and its Head of Media Investments, Michael Del Nin, moved to dismiss Warshaw's lawsuit and demanded revisions to his complaint. Warshaw filed suit last month in Connecticut More

Covino & Rich to Air Live from 2025 MLB All-Star Game
Covino & Rich
Covino & Rich
FOX Sports Radio's afternoon duo Covino & Rich will take over morning duties next week with special live coverage of Major League Baseball's 95th All-Star Game, airing July 14-16 from Atlanta. With The Dan Patrick Show on vacation, Covino & Rich will move into the 9am-12pm ET slot for a special All-Star Week More

Return to Menu

Advertisement

Subscribe to our Newsletter
Radio news and headlines delivered right to your e-mail box -- and it's free.

Advertisement

Advertisement