Saga Communications, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
May 09, 2024 at 09:05 am EDT
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Saga Communications, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 24.66 million compared to USD 25.3 million a year ago. Net loss was USD 1.58 million compared to net income of USD 0.92 million a year ago.
Basic loss per share from continuing operations was USD 0.25 compared to basic earnings per share from continuing operations of USD 0.15 a year ago. Diluted loss per share from continuing operations was USD 0.25 compared to diluted earnings per share from continuing operations of USD 0.15 a year ago.
Saga Communications, Inc. is a media company engaged in acquiring, developing, and operating broadcast properties with a focus on opportunities complimentary to its core radio business, including digital, e-commerce and non-traditional revenue initiatives. The Company owns or operates broadcast properties in about 27 markets, including 79 frequency modulation (FM), 31 amplitude modulation (AM radio stations and 78 metro signals. The radio stations that it owns and/or operates employ a variety of programming formats, including Classic Hits, Country, Classic Country, Hot/Soft/Urban Adult Contemporary, Oldies, Classic Rock, Rock, and News/Talk. It operates in markets, including Asheville, Bellingham, Brattleboro, Bucyrus, Champaign, Charleston, Charlottesville, Clarksville, Columbus, Des Moines, Harrisonburg, Hilton Head Island, Jonesboro, Manchester, and Milwaukee, among others.