Reve-News: Saga
Reve-News: Saga Communications reports Q4 2024 net revenue of $28.8 million, down 1.3% from $29.1m in the same period last year. Station operating expense increased 4.1% to $24.3m. Station operating income was $984,000 for the quarter, compared to $2.8m for Q4 2023. For the year, net revenue decreased 2.2% to $110.3m, station operating expense was $94.3m (up 4.5% from 2023) and station operating income was $21.1m, down 23.1% from 2023. The company paid a quarterly divided of $1.6m, approximately $0.25 per share. See the complete release here.
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