Tuesday, May 11, 2021 | TALKERS magazine
Saga Communications 2021 First Quarter Net Revenue Down 15.5%. The 2021 first quarter financial report from Saga Communications reveals net revenue for the period was $22.3 million, a decrease of 15.5% from the same period in 2020. Net income was $758,000, a decline of 75% from the net income of $1.68 million posted in Q1 of 2020 (although Saga was one of the few audio companies to post income and not a loss). Station operating expense decreased $3.3 million to $18.9 million for the quarter compared to the same period in 2020. Station operating income was $4.7 million for the quarter compar...