GROSSE POINTE FARMS, Mich. (AP) — GROSSE POINTE FARMS, Mich. (AP) — Saga Communications Inc. (SGA) on Thursday reported a loss of $1.6 million in its first quarter.
The Grosse Pointe Farms, Michigan-based company said it had a loss of 25 cents per share. Losses, adjusted for non-recurring costs, were 14 cents per share.
The broadcasting company posted revenue of $24.7 million in the period.
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Saga Communications, Inc. is a broadcast company. The Company is primarily engaged in acquiring, developing, and operating broadcast properties. The Company owns approximately 79 frequency modulation (FM), 34 AM radio stations, and 80 metro signals serving over 27 markets, including Asheville, Bellingham, Brattleboro, Bucyrus, Champaign, Charleston, Charlottesville, Clarksville, Columbus, Des Moines, Greenfield, Harrisonburg, Hilton Head Island, Ithaca, Jonesboro, Keene, Manchester, Mitchell, Norfolk, Ocala, Northampton, Portland, Spencer, Springfield, and Yankton. The radio stations that the Company owns and/or operates employ a variety of programming formats, including Classic Hits, Adult Hits, Top 40, Country, Country Legends, Mainstream/Hot/Soft Adult Contemporary, Pure Oldies, Classic Rock, and News/Talk. Its stations broadcast primarily in small to mid-size markets.