Advertisement |
Saga Communications Q2 Net Revs Up 6.3% to $29.8 Million
RADIO ONLINE | Friday, August 5, 2022 | 11:51am CT |
![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
Saga Communications reported second quarter net revenue increased 6.3% to $29.8 million from $28 million in 2021. Station operating expense grew 3.7% to $21.8 million from $21 million. Station operating income (SOI) climbed 10.6% to $9.3 million and operating income was $5.4 million compared to $4.6 million. Free cash flow fell to $3.2 million from $4.2 million. The company posted a net income of $3.8 million (63 cents per diluted share) as compared to $3.3 million (54 cents) in the year-ago period.
The company paid a quarterly dividend of 20 cents per share on July 1. The aggregate amount of the quarterly dividend was $1.2 million. To date Saga has paid over $79 million in dividends to shareholders since the first special dividend was paid in 2012.
Advertisement |
Latest Radio Stories
Jack Speer Retires from NPR After More Than 25 Years
|
KMBY to Celebrate 90th Anniversary with Birthday Bash
|
Amanda Lee Joins KJ103 Morning Show in Oklahoma City
|
Advertisement |
Lil Shawn Power Joins Party-FM as First On-Air Host
|
Joe Bullard Departs 96.1 Jamz After Nearly Three Decades
|
iHeartPodcasts Launches ''American History Hotline''
|