Saga Communications (SGA) Reports Q4 EPS of $0.63
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Saga Communications, Inc. Reports 4th Quarter and Year End 2015 Results Free Cash Flow increased 2.9% for the Year
March 8, 2016 9:01 AM ESTGROSSE POINTE FARMS, Mich., March 8, 2016 /PRNewswire/ -- Saga Communications, Inc. (NYSE MKT: SGA) today reported free cash flow increased 2.2% to $6.8 million for the quarter ended December 31, 2015. Gross revenue without political increased 2.1% for the quarter. Net revenue (including political) decreased 2.1% to $35.6 million. Station operating expense increased 1.0% to $25.9 million (station operating expense includes depreciation and amortization attributable to the stations). Operating income decreased $1.4 million primarily due to the recognition of a $1.2 million gain during the 4th Quarter of 2014 in other operating income from the sale of four of the Company's radio networks and the... More
